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Tougher regulations are increasing the likelihood of expensive class actions, panelists at a cyber risk conference said.
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US cyber premiums grew approximately 10 percent to $2bn in 2018, down from 30 percent in the two previous years.
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The product requires only an insured’s web address to price cyber cover.
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High-revenue markets like cyber, intellectual property, and data and analytics are in the broker’s sights.