CNA

Sinclair sues CNA and Starr for refusing to pay out $10mn layers for cyberattack BI losses

Media company Sinclair has sued two of its excess carriers for refusing to pay the $10mn limits that both provided under its $50mn cyber insurance program for business interruption losses stemming from a 2021 ransomware attack.

CNA hires Chubb’s North America cyber head Clabby as global head of cyber

CNA has recruited Chubb’s head of cyber in North America Patrick Clabby to be its new global head of cyber, Cyber Risk Insurer can reveal.

NY Congresswoman asks CNA to explain ransomware payment

Representative Carolyn Maloney has written to CNA and Colonial Pipeline asking them to provide information and documents about their recent payments of ransoms following cyberattacks, with the lawmaker stating she is concerned about decisions that set a “dangerous precedent”.

Report: CNA paid $40mn to hackers to end cyber attack

CNA paid hackers a $40mn ransom to regain access to its systems after the carrier was hit with a major cyberattack in March, according to a report from Bloomberg News.

Cyber program manager Resilience hires CNA’s Reed as EVP

Program manager Resilience Cyber Insurance Solutions has strengthened its underwriting team with the arrival of Gavin Reed from CNA, The Insurer can reveal.

BHSI recruits CNA’s Robb in latest US liability hire

Berkshire Hathaway Specialty Insurance (BHSI) has hired CNA’s Brian Robb to lead its cyber, miscellaneous professional liability (MPL) and technology E&O offering in the US.

CNA restores staff email and VPN access after cyberattack

CNA staff have had email connectivity and VPN access returned as the carrier continues to make progress to restore all of its critical systems in the wake of last month’s ransomware attack.

CNA cyberattack financial impact covered by insurance; ratings left unchanged

CNA Financial will absorb any of the potential financial consequences arising from the cyberattack on its systems through its cyber insurance coverage according to S&P, with the agency joining AM Best and Fitch Ratings in saying it will take no ratings action in response to the breach.

Even cyber writers are not immune to attacks

CNA’s cybersecurity attack this week provides some embarrassing PR for a carrier that is a prominent cyber writer, but more than that it highlights the growing threat facing all companies.

CNA creates cyber attack workarounds as staff salary payment concerns grow

CNA Financial Corporation has established a host of backup email accounts to support clients and brokers with new submissions, renewals and claims in response to the cyberattack that has shutdown some operations as fears among US-based staff mount that they will not receive end of month salary payments.

CNA confirms “sophisticated cybersecurity attack”

CNA Financial Corporation confirmed overnight that it has been hit by a “sophisticated cybersecurity attack”, causing major network disruption across its global businesses and impacting certain systems including corporate email.

CNA systems down after suspected cyber attack

CNA Financial Corporation’s website and some systems are down amid suggestions the Chicago-headquartered insurer has been hit with a suspected cyber attack with the incident understood to have caused disruption on the underwriting and claims side of its business.