12-10-2015 09:26 via uk.news.yahoo.com

Cyber insurance premiums rocket after high-profile attacks

"Some companies are struggling to find the money to buy the coverage they want," said Tom Reagan, a cyber insurance executive with Marsh & McLennan Co's Marsh broker unit. Retailers and health insurers have been especially hard hit by the squeeze after high-profile breaches at Home Depot Inc , Target Corp , Anthem Inc and Premera Blue Cross. Health insurers who suffered hacks are facing the most extreme increases, with some premiums tripling at renewal time, said Bob Wice, a leader of Beazle
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