article thumbnail

Markets/Coverages: Liberty Specialty Markets, Baobab Offer E-Crime Cover for SMEs

Insurance Journal

Liberty Specialty Markets (LSM), a division of the US Liberty Mutual Group, and Baobab Insurance, a digital underwriter of technical risks, are offering a new joint e-crime insurance product for small and medium-sized enterprises (SME) in Germany and Austria. LSM …

Crime 147
article thumbnail

CyberLine Quarterly: A Look at Our Innovation, Expansion, and Global Impact

Cowbell

Were proud to now underwrite businesses with up to $1 billion in revenues in the US and up to 1 billion in the UK. With each expansion, we refine our underwriting models in real-time, anchoring our promise to swiftly pay claimsover $250 million disbursed to datewhen policyholders need us most.

Cyber 64
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Insurance Carriers Use Crime Scores to Assess Risk in the Affordable Housing Industry

Scott Insurance

Many insurance carriers use third-party crime scores to evaluate their exposure to criminal risk when underwriting general liability insurance policies. This research addresses one main question: Do crime scores accurately predict property-specific crime risk?

Crime 52
article thumbnail

Distinguished Programs and Berkley Program Specialists Partner for Community Associations D&O and Crime Coverage 

Distinguished

New York – Distinguished Programs (“Distinguished”), a national insurance program manager, announced an expanded partnership with Berkley Program Specialists (“BPS”), a leading provider in the industry, to underwrite its Community Associations Crime and D&O products. Starting Jan.

Crime 52
article thumbnail

Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

Crime insurance : Protects against financial losses caused by theft, burglary, or employee dishonesty, covering stolen money, securities, or property. Human underwriting : Our underwriters assess your risks through discussion, not just algorithms. However, we can give you an idea of what will influence the costs of a policy.

article thumbnail

Restaurant Insurance in Charlotte, North Carolina: A Broker’s Guide

Distinguished

When determining the price of a policy, our underwriters will look at factors such as the restaurants size, location, type of services offered, and additional coverage needs. Location risks: Areas with higher crime rates or increased foot traffic face higher premiums.

article thumbnail

Affordable Housing Insurance Challenges: Understanding the Market

Scott Insurance

Uneven investment profits causing insurers to pursue underwriting profit, which translates to stricter underwriting criteria and declined submissions. suburban) and are more susceptible to the use of crime scores when underwriters rate their liability insurance.