Travelers submitted a cyber insurance filing in Virginia introducing new CyberRisk endorsements alongside significant rate increases impacting 683 policyholders and approximately $8.9 million in written premium. The filing was submitted on May 12, 2026, with new and renewal business effective November 1, 2026.

The filing includes an overall indicated rate change of 24.7% and an overall rate impact of 36.2%, with individual policy impacts ranging from decreases of 69.8% to increases of 230.1%.

Travelers is also introducing two new optional endorsements for its CyberRisk and CyberRisk Tech policies. The first, the “Cyber Crime Each First Party Event Endorsement,” changes cyber crime coverage from an aggregate basis to an each first party event basis and broadens coverage. The endorsement carries an additional premium factor of 1.03 for covered cyber crime insuring agreements including computer fraud, funds transfer fraud, social engineering fraud, telecom fraud, and vendor or client payment fraud.

The second endorsement, the “Cyber Crime Difference In Conditions Enhancement Endorsement,” coordinates coverage between Travelers’ CyberRisk and Commercial Crime policies by applying whichever terms are more favorable to the insured in certain cyber crime scenarios. The endorsement also reinstates aggregate limits through recoveries made during the policy period and applies the lower applicable retention between the two policies.

Industry specific cyber pricing factors remain elevated for healthcare and legal services. Hospitals and surgery centers carry a 1.75 modifier for both non business interruption and business interruption coverages, while law firms carry a 2.30 modifier. Biotechnology, life sciences, and R&D businesses carry a 1.20 modifier for non business interruption exposures.