CFC moots independent body to identify and categorise ‘cyber hurricanes’
CFC Underwriting has proposed setting up an independent body to categorise the severity of cyber events, claiming it would enable insurers to tackle systemic risk and pave the way for a cyber catastrophe risk market.
Speaking at CFC’s Cyber Forum in London last week, head of cyber James Burns noted how the Florida property insurance market had developed hurricane deductibles following questions over its viability
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