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Acuity Reports Increase in Cyber Liability Insurance Claims as Cybercrime Skyrockets

14
Oct
2022
Acuity Reports Increase in Cyber Liability Insurance Claims as Cybercrime Skyrockets

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In recognition of Cybersecurity Awareness Month, Acuity Insurance — the sole regional insurance provider rated A+ by both AM Best and Standard & Poor’s, with over $6 billion in assets — is reporting an increased need for cyber liability insurance across both personal and business policyholders. From June 2021 to June 2022, Acuity Insurance saw cyber liability insurance claims on its commercial insurance policies increase by more than 50%. For personal policies, Acuity saw more than a 90% increase in cyber claims being reported in 2021 compared with 2020.

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