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The cost of cyber insurance is heading higher just as more companies are deciding to buy the coverage.

A recent outlook from insurance brokerage Willis sees premiums for most types of commercial insurance declining in 2016. But in the wake of a string of breaches in which hackers exposed mountains of data at big companies, Willis said cyber premiums could rise as much as 15% next year. Companies that are seen as particularly vulnerable to breaches, such as retailers and health care providers, could see price hikes of up to 150%, Willis said, but noted that small companies should see smaller increases.

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