Agents Still Wrestle With Issue of Redundant Submissions

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

 

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.

 

Fortegra's Rattner: When Developing E&O, It's Better to Be Specific

Mark Rattner, executive vice president and chief underwriter, Fortegra, said filing miscellaneous errors & omissions coverage is more difficult than developing for specific professionals such as accountants or architects.

 

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.

 

CFC's Swann: Cyber Coverage Continues to Morph

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.

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