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Markets/Coverages: Cyber Portfolio Quoting for US Brokers From CFC; New DUAL Fine Art Coverage Capacity; Falcon Risk’s Pro Liability for Agents, Brokers

Insurance Journal

CFC Launches Cyber Portfolio Quoting for American Brokers CFC said it has launched a new service to automate quoting for up to thousands of policies. Initially available for CFC’s cyber products, US brokers can now bulk quote their entire book …

Broker 147
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Compare Cyber Insurance Quotes Online & Get Covered Today!

Simply Insurance

About Cyber Insurance | Compare Cyber Insurance Quotes Online & Get Covered Today! Compare Cyber Insurance Quotes Online & Get Covered Today! Compare cyber insurance quotes online effortlessly and protect your business from digital threats with our comprehensive guide. Lets dive into how you can get started.

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Keeping Up With Artificial Intelligence in Cyber Security

ProWriters

Cyber attacks loom larger than ever, and generative artificial intelligence (AI) is a major reason why. At the same time, AI makes improved risk assessment and protection against cyber threats possible. For both of these reasons, artificial intelligence is reshaping cyber security strategiesincluding Cyber Liability policies.

Cyber 53
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What Your Clients Must Know About Cyber Insurance War Exclusions

ProWriters

As war is driving cyber security concerns around the globe, more organizations are turning to Cyber Insurance for protection. Cyber Insurance war exclusions can leave businesses vulnerable to financial loss. Since Russia invaded Ukraine in 2022, a much-anticipated “cyber thunder run” hasn’t materialized.

Cyber 53
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CIAB: Clear Evidence of Softening Commercial P/C Market Conditions in Q2

Insurance Journal

Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Premiums …

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What is a Managing General Agent (MGA) in Insurance?

Distinguished

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. How do MGAs Differ From Insurance Brokers?

Agents 52
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How to Avoid Coverage Gaps That Can Lead to E&O Claims

American Agents Alliance

This is where agents and brokers play a critical role in helping identify and close potential coverage gaps. Insureds do not always know what is important to share with their agents, so it is important to ask open-ended questions and discuss potential risks.

Claim 52