CFC's Swann: Cyber Coverage Continues to Morph

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Jonathan Swann, director, CFC Underwriting, said early cyber claims largely focused on breach, but 75% of today's claims are for ransomware and phishing incidents, making it more akin to crime coverage.

 

U.S.-Based Distributors Report Growing Interest From London Market

Brokers and insurance professionals at the third annual CHART-Exchange conference, held in Baltimore, say syndicates and others in the Lloyd's market are showing an appetite for new types of risks, startups and smaller organizations.
 

Wilson Elser Partner: From Idea to Program Can Be Tricky, Time Consuming

Thomas Wilson, partner, Wilson Elser, said brokers and managers looking to launch an insurance program often devote more than a year to starting up, and face a range of regulatory requirements.

 

MGAs, Sometimes Burned by Tech, Are Learning to Automate, Sell Online

John Bennis, president, MGA Systems, said many Insurers and MGAs are turning to portals and automation to boost sales and cut expenses.

 

Agents Still Wrestle With Issue of Redundant Submissions

Bryan Baird, CEO, Xagent, said his company aims to provide agents with a single entry point to submit to multiple carriers.

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