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.

 

First Indemnity's Biggio: Attorneys Have Broad Professional Liability Needs

Andrew Biggio, president, First Indemnity Insurance Agency, said attorneys should be covered in a broad fashion for liability from wrongful and prior acts, cyber exposures, licensure issues and more.

 

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.
 

Producers Say London Brings Alternatives to U.S. Risk Markets

Brokers at the third annual CHART-Exchange conference, held in Baltimore, said they rely on the London insurance market to provide coverages for risks deemed too specialized or challenging for standard insurers.
 

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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