Lloyd’s MGA CFC Underwriting has launched a new cyber liability product with wording to cover the risks of storing data in the “cloud.” CFC identified a gap in coverage for firms that use cloud computing services and designed the new …
Members of TechAssure have created a website to offer fast quotes for IT-related businesses looking for coverage with CoverITfast. The website, http://coveritfast.com/coverit/, was designed to speed up the process of procuring insurance for IT consultants and technology companies across the …
Walnut Creek, CA, 12/08/11 – The Insurance Industry Charitable Foundation (IICF) will make use of the new technologies available through the Virtual Insurance Marketplace to bring the organization’s philanthropic message to independent agents. Hank Haldeman, Executive Vice President and IICF …
Motor [auto] insurers seeking to get around a European ban on charging male drivers more than women are turning to innovative black box technology that could trigger an upheaval in the way car insurance is sold. Britain’s biggest motor insurer, …
The Independent Insurance Agents and Brokers of America (Big “I”) recently presented Caliper Corp.’s founder and CEO Herb Greenberg with the association’s chairman’s award. Greenberg was presented with the award for his numerous accomplishments in his business, civic and personal …
International broker Lockton announced that its London operations have “commenced trading with e-Accounts, the initiative which enhances the electronic submission of accounting entries by brokers to support global business.” Lockton’s Property and Aviation division partnered with Xchanging to successfully test …
GEICO is launching a new Facebook app called “GEICO Shortcuts,” which will give GEICO policyholders access to their insurance information using the functionality of the popular social networking site. “Facebook’s dramatic growth has significantly changed the way people consume information,” …
Catastrophe risk modeling firm AIR Worldwide (AIR) has updated its terrorism model for the United States to reflect less frequent and lower-severity attacks based on a reassessment of the threat by a team of terrorism experts. The model is used …
A panel of insurance technology experts has assessed the challenges national and multinational insurers face and how IT (information technology) can best be used to achieve maximum benefit from standardization. The panel, convened at the annual Insurance Technology Congress, sponsored …
Thomas Alva Edison would have been glowing had he been at the “Technology Issues in the U.S. & U.K.” panel discussion at the annual National Association of Surplus Lines Offices (NAPSLO) conference in San Diego on Wednesday. The panel was …
