The Rich Aren’t Like Everyone Else: They Have More Cyber Insurance

AIG has launched a cyber insurance product targeted at high-net-worth and ultra-high-net-worth clients, offering first-party coverage for incidents such as ransomware, data theft, and cyberbullying; services include preventive home cybersecurity assistance and post-incident recovery support (including paying ransoms, assisting with decryption, and relocation for affected children). The offering is a rider to homeowners policies, intended for clients with significant assets and domestic staff, and is not being made available to the general public.