The North River Insurance Company, part of Crum & Forster, filed a new cyber and multimedia liability product in Hawaii on July 12, with an August 11 effective date.

C&F Simple Cyber uses the base rates from Beazley’s Breach Response and Information Security product. Across all revenue bands reviewed, C&F’s base premiums match Beazley’s figures exactly. The main difference is that C&F adds 10% to the base rate to include full dependent business interruption coverage, which Beazley prices separately.

Other parts of the rating plan—including factors for higher limits, deductibles, losses, and cybersecurity controls—are based on filings from Beazley, Chubb, and CNA.

C&F assumes a 64.2% permissible loss ratio, compared with Beazley’s 67.5%. The difference is partly due to C&F’s higher commission and acquisition-cost assumptions. C&F said it does not plan to add staff to manage the business and expects fixed expenses to decline as the book grows.

The product includes coverage for breach costs, cyber and multimedia liability, eCrime, cyber extortion, and first-party losses. It has a $1,000 minimum premium and a default $250,000 eCrime sublimit. Systemic-event coverage is included unless removed for a 3.5% credit.

Software developers, securities and commodity exchanges, credit bureaus, and certain streaming, telecommunications, and information providers are ineligible.