Technology, Internet News

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 …

Testing of Health Exchanges’ Technology Planned for September

The Obama administration is preparing to subject the information technology backbone of the new state and federal healthcare exchanges to final “dress rehearsal” testing that could continue until just before the online marketplaces are slated to begin enrollment on Oct. …

ProHost USA Launches Data Breach Endorsement for Restaurants

ProHost USA, a Minneapolis-based program administrator, has added a new data breach coverage endorsement to its package programs for fine dining, family dining and fast casual restaurants. The endorsement, written on admitted paper, is available immediately in 28 states with …

Arch Insurance Group, CalSurance Launch Liability Coverage for Bloggers

Arch Insurance Group, a member of Arch Capital Group Ltd., has released a new blogger insurance program. Partnering with CalSurance Associates, a division of Brown & Brown Program Insurance Services, Inc., Arch Insurance Group will provide a new liability insurance …

Most Insurance Agencies Say Technology Helped Fiscal Growth: Survey

The majority of insurance agencies (77 percent) directly attribute their fiscal growth during 2012-2013 to the use of technology, according to a new industry survey. The survey, conducted by Vertafore at this year’s NetVU (Network of Vertafore Users) conference, was …

Hiscox Adds Crime, Data Breach, Privacy Options to PL Portfolio

Hiscox has launched phase two of their Hiscox Professional Liability Portfolio, adding two additional coverage options to the existing portfolio. Professional services firms can now add crime and data breach and privacy security liability, in addition to general liability coverage …