June 2024 - Page 14

Let’s see what’s in the news today. Cowbell Prime Tech Cowbell Prime Tech provides robust Cyber and Tech E&O coverage on a single form to business with up to $250 million in

AI in the Insurance Industry TLDR: Key Points: AI tools in the insurance industry automate processes, assess risks, process claims, and reduce fraud. Challenges include algorithmic decision-making, data transparency, and bias. Explore

TLDR: Bindable has partnered with HoneyQuote to enhance home insurance options for Florida residents. The average annual cost of homeowners insurance in Florida is $2,625, significantly higher than the national average. This

TLDR: Sompo Holdings launches new technology insurance coverage for mid-market clients in the UK Product includes property, casualty, professional indemnity, and cyber coverage Japan-based global insurance group Sompo Holdings has introduced a

“`html TLDR: Gen AI is revolutionizing the Japanese insurance industry, with global spending expected to reach $143 billion by 2027. Main players like MS&AD, Meiji Yasuda, Sumitomo Life, and Dai-ichi Life are

“`html Cowbell Prime Tech – Technology E&O and Cyber Insurance TLDR: Key points: Cowbell Prime Tech offers Technology E&O and Cyber Insurance Limits up to $5M for businesses with up to $250M

Let’s see what’s in the news today. Tyler Technologies expands insurance filing software to more four states Tyler Technologies boasts that its “cloud fax” feature helps with interoperability across jurisdictions. Read the

Article Summary TLDR: Key Points: CFC Canada hires Kelly McGuinness as cyber, tech, and professional liability development leader. McGuinness is the first hire announced by CFC Canada’s new CEO, Kate Della Mora.

TLDR: Sompo has launched a modular product for mid-market UK clients targeting technology and telecoms service providers, electronic product manufacturers, and assemblers. The package includes property, casualty, professional indemnity, and cyber cover,

TLDR: IndyCar Driver Marcus Armstrong will represent Root Insurance at the Detroit Grand Prix, driving the No. 11 Root Honda in multiple races in 2024. Root is proud to have Marcus Armstrong,