Former U.S. security chief launches cyber crime insurance

LONDON (Reuters) - Former U.S. Homeland Security secretary Tom Ridge has launched a cyber crime insurance product in collaboration with syndicates operating at the Lloyd's of London insurance market, Ridge's new insurance firm said on Monday. The insurance is designed for companies with a market capitalization of less than $500 million, representing 80 percent of all U.S. publicly quoted companies, Ridge Insurance Solutions said in a statement. Policies of up to $50 million each are available immediately, the company said. ...



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