Munich Re, the world’s largest cyber reinsurer, could potentially exit businesses that fall into the category of having systemic exposures, according to board member Stefan Golling. Golling emphasised that understanding accumulation potential is key to establishing a sustainable cyber insurance market, and warned industry players against overexposing their balance sheets. The cyber insurance market is said to be prone to complacency, with growth more indicative of rate increases than market penetration.
CDC issues warning over recalled eggs sold in three states
The Centers for Disease Control and Prevention (CDC) has issued a warning against recalled eggs linked to 24 hospitalizations due to salmonella infection. The eggs,
