Why haven't cyberinsurers exerted more pressure on companies to be better at security?

For decades, people (including me) have predicted that cyberinsurers might be a way to get companies to take security seriously. After all, insurers have to live in the real world (which is why terrorism insurance is cheap, because terrorism is not a meaningful risk in America), and in the real world, poor security practices destroy peoples' lives, all the time, in wholesale quantities that beggar the imagination. Read the rest