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Although the NFIP is aiming to better align risk and premium, it also has to balance affordability into the equation.
As the digital landscape increases, so does the risk of cyberattacks for insurance and other industries.
Even a small percentage of tax savings on a multimillion-dollar deal can translate into significant dollars.
A new court ruling could affect cyber insurance policy exclusions and insureds could assume more costs in the event of a loss. The ruling underscores the fact that cyber insurance is no substitute for cyber defense.
The NCOIL believes the proposed changes are in violation of the McCarran-Ferguson Doctrine.
The change will go into effect July 1, 2023, and affects initial license applications, renewal applications and payments.
Many technologists and doctors are ambivalent about how artificial intelligence could be applied to health care.
Russian oil has been trading above $60 a barrel in Asia for much of this year, raising the prospect of violations for insurers in G-7 nations.
This dependence on western coverage limits Russia's ability to negotiate higher prices for its oil.
The latest insurance industry personnel news from AmTrust Financial Services, Grange Insurance, Marsh and more.
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