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CFC adds executive protection, AI cover to cyber policy
1+ day, 10+ hour ago (502+ words) CFC has updated its Cyber Proactive Response (CPR) policy to cover senior executives personally targeted in cyberattacks, add affirmative wording for AI-related exposures and extend the business interruption indemnity period from 12 to 18 months. The changes apply to CPR, the cyber…...
Closing Cyber-Insurance Gap: Cowbell CEO, Founder & Chairman Jack Kudale, Live at Nasdaq
2+ day, 5+ hour ago (205+ words) Tech Edge hosted a fireside chat at Nasdaq MarketSite on Oct. 5 with Jack Kudale, Chief Executive Officer, Founder and Chairman of Cowbell. The in-person interview was joined by Editor-in-Chief John Jannarone and they discussed: How Cowbell's focus is closing the…...
Canadian Agri-Businesses Face Insurance Crunch as Premiums Rise and Coverage Options Shrink
2+ day, 8+ hour ago (546+ words) Small agricultural businesses across Canada are facing a mounting insurance challenge as premiums climb and coverage options become harder to find, according to research from the Canadian Federation of Independent Business (CFIB). The report highlights a growing concern among farmers,…...
Dimon says AI cyber risk is up tenfold. Cyber insurance prices are still falling
2+ day, 9+ hour ago (718+ words) Image: Jamie Dimon, World Economic ForumThis file is licensed under the Creative Commons Attribution-Share Alike 2.0 Generic license. Jamie Dimon has been sounding the alarm about Anthropic's Mythos model since the spring. Earlier today he put a number on it. In…...
Insurer, coverholder launch US cargo program
2+ day, 12+ hour ago (175+ words) Chaucer Group and cargo risk specialist Indemni on Monday launched a U.S. cargo insurance program providing up to $15 million in limits per shipment. The program covers U.S. land transit risks, including single-trip transit, annual contingent cargo and strategic theft, and is aimed…...
Broad cyber dependency cover may need limits to last
2+ day, 15+ hour ago (652+ words) Technology dependency cover remains readily available in the London market, according to Dan Johnson (pictured), class underwriter, cyber at AEGIS London. Large corporates can commonly secure business interruption cover across their technology supply chain, including non-IT suppliers such as payroll…...
Outmarket AI Raises $34.5 Million Series B, Bringing Total Funding To $56.5 Million
2+ day, 21+ hour ago (205+ words) Outmarket AI has raised $34.5 million in Series B funding to expand its AI platform for insurance agencies and carriers. SignalFire led the round, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund. The financing comes only…...
Captives, ART help firms optimise balance between retained and transferred risk
2+ day, 17+ hour ago (473+ words) Captives and alternative risk transfer structures are becoming increasingly important as companies confront risks that are evolving faster than traditional insurance solutions can respond, according to Simon Hunt, UK & Ireland CEO at HDI Global. Hunt told FERMA Forum Today that…...
What it takes to make an SME insurance-ready for cyber
2+ day, 19+ hour ago (1107+ words) Insurance Business 00:00:00 We've completely turned the industry on its head. It's ground-breaking. There is nothing that I've seen at the moment on the market. >> Hello and welcome to Insurance Business TV. I'm Danny Wood, [music] news editor with Insurance Business....
SME cyber risk misread leaves UK brokers facing an uphill sale
2+ day, 16+ hour ago (325+ words) Nearly four in ten UK SMEs without cyber insurance believe they face a low risk of attack. The same survey found that 29% of those businesses had already experienced one. "Attackers don't check headcount before they send a phishing email," said…...