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Cyber Insurance Market to Expand as Risks Evolve: Gallagher

Insurance Journal

While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025. Intense competition among cyber insurance carriers has resulted in higher limits, enhanced cyber risk management services, flexibility in insurance

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Diversification, Risk Modeling Top of Mind for Carriers as Cyber Market Softens

Insurance Journal

As cyber insurance rates have begun to stabilize, insurance carriers are seeking more diversification to fuel their underwriting and growth strategies, according to panelists at this year’s PLUS Cyber Symposium in New York City. “They’re seeking diversification in the standard …

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How Partnering With a Cyber Insurance Broker Protects Your Clients

ProWriters

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

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

Distinguished

MGAs, on the other hand, have the authority to underwrite, price, and even issue policies on behalf of insurers. Carrier relationships : Brokers work directly with multiple insurers to find the best policy for their clients. MGAs operate as an extension of specific insurers.

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How You Can Get EPLI Quotes in Mere Minutes

ProWriters

Your business clients need Employment Practices Liability (EPL) Insurance , or EPLI. Without it, they risk incurring substantial expenses in employment-related claims. EPL Insurance carriers often have teams of experienced professionals who specialize in employment practices. Obtained more than $22.6

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Blog Post: Global Microsoft Outage: Guidance for Claimants Navigating the CrowdStrike Event

LexisNexis

Read now » Related Content Cyber Insurance, Related Coverage Litigation, and Insurance Coverage for Data Breach Risk Examine issues related to obtaining insurance coverage specific to data breach risks. Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.

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E&O vs. EPLI: What Coverage Do Your Clients Need?

ProWriters

Today’s dynamic business environment and litigious society pose several risks to businesses. As they seek to secure the insurance they need to protect themselves, some companies’ decision-makers may get confused about E&O vs. EPLI policies. E&O Insurance protects against claims of negligence or inadequate work.