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The cyber MGA InsurTech today announced the expansion of its relationship with Palomar through a multi-year program deal with the carrier’s E&S operation. -
The deal enables its retail brokers to offer cyber liability coverage for small and medium-sized businesses with fewer security tools in place.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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On the property side, the costs for rebuilding a structure continue to climb and could prove to be prohibitive.
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Inside P&C’s news team runs you through the key developments from the past week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The capital raise included additional support from existing investors at MTech Capital and individuals from Stone Point Capital.
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Around 16% of the wholesaler’s accounts absorbed rate rises above 20% in March and the other 31% saw rate increases between 10% and 19%.
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Key focuses at the event included staff shortages, a slowdown in cyber attacks and the expectation of cooling market conditions.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The global damage related to cyber crime will reach $10tn by 2025, according to current estimates.
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A reduction in incidents linked to better resilience and the Ukraine war may temper cyber price increases, the broker said.
