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Markets/Coverages: Liberty Mutual Re, Insurtech Sprout Offer Parametric Cover for Kenyan Coffee Farmers Facing Climate Risk

Insurance Journal

and the Kenyan insurer Britam to launch a parametric insurance product, which aims to protect Kenyan coffee growers from financial losses due … Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has partnered with insurtech firm Sprout Inc.

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Fortune 500’s Insured Losses for CrowdStrike Could Reach $1 Billion: Parametrix

Insurance Journal

The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19 is $5.4 The portion of the loss covered under cyber insurance policies … billion, modeling and insurance services firm Parametrix estimates.

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The latest reports from FBI and ITRC reveal that cyber incidents in 2023 broke records for financial loss and frequency.

Triple-I: Business Insurance

Meanwhile, supply-chain attacks increased, and weak notification frameworks further increased cyber risk for all stakeholders. Email compromise, cryptocurrency fraud, and ransomware increase In addition to record-high financial losses from cybercrimes overall in 2023, the report revealed trends across crime methodology and targets.

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What risks does your business face? Here are 5 you should know.

Frankenmuth Insurance

What risks does your business face? But the most successful businesses know how to prepare for these risks and respond to them quickly and effectively. See some of the business risks you could face and what you can do. Risk #1: Weather and natural disasters. Risk #2: Employee health and safety. Risk #5: The future.

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Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

Distinguished

Builder’s Risk Insurance covers property during the course of construction, whether it’s a new build or renovation. One common question is whether the contractor and the property owner can be named insureds on the same Builder’s Risk policy. Our Builder’s Risk program can also be designed to cover soft costs in the event of a loss.

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Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

Distinguished

We sat down with Distinguished’s Builder’s Risk insurance expert, Susan DeCarlo, to discuss common factors that can lead to declinations in our program, how to avoid them, and key risk considerations. So, for example, on a new build if they’re 30 to 60 days in, we can consider that risk.

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Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

Running an IT business in California comes with unique risks and challenges. Professional Liability Insurance protects your business against claims of negligence, errors, or omissions that result in financial losses for your clients. General Liability Insurance Even in a digital world, physical risks exist.