Cyber Insurance, Truth and Consequences with an Expert

Is cyber insurance worth it?  Do insurers actually know what they are doing, and why are policies not being honored?  Is a strategy useful for better security and helping lower a premium?  What data is being used to validate a policy, or is that even a thing?  Is this a big deal for small business, or is cyber insurance better suited for enterprises?  And am I wrong by saying it's a "rip off"?  Those questions and more on this very cool episode.