Technology, Internet News

Tech Troubles Remain at Minnesota’s Health Insurance Exchange

Consultants told the board that governs Minnesota’s health insurance exchange that a lot of work is needed to get the troubled system ready for open enrollment in November. MNsure hired Deloitte Consulting LLP for $5 million in April to be …

Technology Changing Perceptions of Tornadoes, Damages

Experts say that advances in technology, particularly social media, are changing how people watch for severe weather and how quickly images of the damage can be shared. John Robinson, the warning coordinator for the National Weather Service’s Little Rock office, …

ACE Expands Digital Technology Offering to Address Product Recall Risks

ACE Group has launched a new endorsement to help protect technology companies from exposures resulting from products that are sold and distributed to third-parties. The new ACE DigiTech and Product Recall endorsement offers expanded digital technology coverage providing out-of-pocket recall …

Increase in Cyber Attacks Costing Millions, Stressing Internet

Crashing websites and overwhelming data centers, a new generation of cyber attacks is costing millions and straining the structure of the Internet. While some attackers are diehard activists, criminal gangs or nation states looking for a covert way to hit …

Expect P/C Industry to Be Stable in 2014: Wells Fargo

Following a profitable year for the property/casualty insurance industry, the P/C market will be stable and competitive in 2014, according to a report issued Thursday. The Wells Fargo Insurance 2014 Insurance Market Outlook covers product segments including workers’ compensation, employment …

Reinsurance at Crossroads As New Factors Sweep Away Old Habits

Part I – The Market in the Developed Economies A significant number of reinsurance treaties were renewed this month, heavily concentrated in property catastrophe coverage. It’s become apparent, however, that this market, for a number of reasons, has seen changes …

ProWriters Launches Small Business Online Quoting Platform

ProWriters is now providing agents and brokers access to online quoting and binding for small business professional liability insurance with general liability and/or a business owners policy (BOP). Quotes for small business risks can be accessed from an online portal …

Verisk Climate, HSB Launch Service to Assess Electrical Blackout Risk

Verisk Climate and The Hartford Steam Boiler Inspection and Insurance Co. (HSB) have introduced new technology and consulting services that help insurers and businesses predict the likelihood, severity, and financial exposure of U.S. electrical blackouts, which cause more than $100 …

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,” …

LIU, CloudInsure Tackle Cloud Computing Coverage Gaps

A new insurance partnership between Liberty International Underwriters and CyberRiskPartners’ CloudInsure will provide insurance backing for cloud providers and the businesses that utilize them. The two companies hope the new platform will reinforce cloud companies’ commitment to protect the data …