Zurich Insurance Group launched a new legal panel to provide advice on managing large and complex claims across Europe, the Middle East and Africa. Aon is partnering with cybersecurity company GK8 to insure its digital-asset storage technology. Neptune Flood will team with Northeastern auto and home insurance provider Plymouth Rock Assurance to offer flood insurance coverage through its network of independent agents.
Zurich Insurance Group launched a new legal panel to provide advice on the management of large and complex claims across the Europe, Middle East & Africa (EMEA) region.
The new panel consists of BLM, Clyde & Co, DAC Beachcroft LLP, DWF Law LLP, and Kennedys Law, which are all law firms that Zurich’s claims teams have worked with in the past. The panel began on June 1, 2020, and will ensure greater transparency and consistency of claims legal services across the EMEA region, Zurich said.
The panel complements existing country panel arrangements, providing the greatest benefit to claims that arise from Zurich International Programs, where more than one legal jurisdiction may be involved, explained the insurer.
Aon is partnering with cybersecurity company GK8 to insure its digital-asset storage technology.
The coverage, via Aon UK Ltd., is provided by a panel of insurers led by Arch Underwriting at Lloyd’s Syndicate 2012, which is part of the Lloyd’s insurance market.
GK8 clients can activate the insurance policy to protect their assets under custody at a coverage cap of potentially $500 million. The company’s custodian technology is already operational and helps to securely manage digital assets for world renowned companies like eToro, the companies said in the partnership announcement.
The Aon policy now available for GK8 clients is designed to cover internal theft, as well as external theft, loss, damage, or destruction of the assets stored in their cold wallet.
Neptune Flood will team with Northeastern auto and home insurance provider Plymouth Rock Assurance to offer flood insurance coverage through its network of independent agents.
Neptune Flood is an InsurTech that uses artificial intelligence to fuel its flood insurance cover. Plymouth Rock provides coverage to drivers and property owners across Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Pennsylvania. Plymouth Rock leverages an online platform that lets both customers and agents get a property insurance quote in 5 seconds and, for most customers, buy a policy in about 5 minutes.
In addition, Plymouth Rock offers a number of additional coverages that enable homeowners to customize their policies, including utility service line, home systems breakdown, identity theft monitoring through CyberScout, and home cyber coverages.
The Neptune flood plicy meets the requirements to be accepted by all banks and has optional enhancements to the National Flood Insurance Program (NFIP) policy such as coverage for temporary living expenses, unattached structures and pool repair and refill.
Sources: Zurich Insurance, Aon, Neptune Flood