Tech E&O News

Underwriters’ Dilemma: Is AI a Cyber or Tech E&O Risk?

When it comes to artificial intelligence, more questions than answers keep underwriters from venturing into the space and lead to a lack of clarity, according to panelists at The Professional Liability Underwriting Society’s 2024 cyber symposium in New York City. …

Markets/Coverages: WTW Launches Primary Cyber, Tech E&O Facility for Int’l Clients

Insurance broker WTW has launched a cyber solution aimed at international clients headquartered outside of Great Britain and the United States with revenues up to US$1 billion (or the equivalent currency). The International CyCore Facility (ICF) is a tailored solution …

QBE North America Forms Alliance with MGA Professional Risk Facilities

QBE North America, an operating division of QBE Insurance Group Ltd., announced a strategic program underwriting alliance with managing general agent Professional Risk Facilities (PRF), designed to offer coverage for miscellaneous errors & omissions (E&O) cover, media liability, tech E&O …

ThinkRisk Transfers Converging Risk Program to Lloyd’s, Expands Offerings

Ryan Specialty Group’s (RSG) ThinkRisk Underwriting Agency has entered into a new underwriting partnership for its Converging Risk program with Lloyd’s of London. ThinkRisk will transition its existing Converging Risk program – specialized errors and omissions insurance for media, advertising, …

The Hartford Broadens Professional Liability Offerings for Tech Companies

The Hartford has enhanced its FailSafe suite of professional liability offerings to address the evolving needs of technology companies with expanded coverage for data, systems and networks. “Professional liability is one of the most significant risks for technology companies today,” …

The Hanover Enhances Technology Product Suite

The Hanover Insurance Group, Inc. is enhancing its technology product suite to build on the company’s suite of specialized products for small to mid-sized technology companies, with a focus on its errors and omissions (E&O) offering. The new E&O capabilities …

ThinkRisk, Aspen U.S. Partner to Offer Media, Technology, Privacy E&O Program

Ryan Specialty Group’s (RSG) ThinkRisk Underwriting Agency and Aspen US Insurance have entered into a new underwriting partnership. ThinkRisk will transition its existing converging risk program –specialized errors and omissions insurance for media, advertising, technology, privacy and network and security …

Travelers Enhances Cyber Product for Tech Firms

Travelers has introduced an enhanced version of its product-suite CyberFirst with eight first party coverage options designed for technology companies. The new expense reimbursement module covers costs resulting from cyber attacks including theft of assets, intellectual property or private information; …

Liberty International Underwriters Launches Cyber Liability Products

Agents and brokers have three new options for technology risks from Liberty International Underwriters (LIU). The specialty lines division of Liberty Mutual Insurance has started offering a trio of new primary cyber liability products. Any of these policies will let …

TechAssure Launches Website for IT Coverage

Members of TechAssure have created a website to offer fast quotes for IT-related businesses looking for coverage with CoverITfast. The website, http://coveritfast.com/coverit/, was designed to speed up the process of procuring insurance for IT consultants and technology companies across the …