Internet Worm Boosts Market for Emerging Hacker Insurance

The computer worm that clogged Internet traffic and shut down vulnerable corporate networks this weekend also provided another boost to the emerging market for hacker insurance, experts said. Hacker insurance, also known as "network risk insurance," has been on the market for about three years, but is expected to explode from a $100 million sideshow into a $2.5 billion behemoth by 2005, according to insurance industry projections.