New York Marine launches cyber suite 2.0

New York Marine and General Insurance Company, part of Coaction has filed its Cyber Suite 2.0 program, offering coverage for cyber incidents such as ransomware, business email compromises, and data breaches.

The program introduces revised rates, including a 9.2% overall increase, new tier criteria to better align premiums with risk, and enhanced benefits like identity recovery, public relations support, and regulatory fine coverage.

The proposed rates were developed in collaboration with HSB , the reinsurer for this coverage.