AXA XL adds first-party cyber option to Platinum Property coverage

Insurance Business America | April 25, 2019

AXA XL adds first-party cyber option to Platinum Property coverage
AXA XL, a division of AXA, has announced the launch of a first-party cyber insurance option for its Platinum Property clients in the US – businesses that buy 100% of their property coverage from AXA XL. “Demand for cyber insurance is growing with good reason,” said Michele Sansone, president of AXA XL’s North America property insurance business. “Virtually every organization has some cyber exposure. Our clients will now have the confidence to know that their business interruption exposures are adequately managed with coverage for cyber and property on one policy form providing a comprehensive solution for first-party loss and a streamlined claims process.” “A cyber event can put a business at a standstill for hours or days,” said John Coletti, AXA XL chief underwriting officer for cyber and technology in North America. “Traditional business interruption is caused by physical damage from a named peril like windstorm, fire or flood. Ingress/egress coverage and civil authority is addressed in standard commercial property coverage.

Spotlight

As more and more people are laid off from work, many are worried about health insurance. It has led many of those people to question whether unemployment benefits include health insurance. They do not, but there are some health care options out there, but they may not be cheap. Kevin Holt, the chief operating officer for Hamilton County Job and Family Services, says the agency has been inundated with phone calls and questions from folks forced to go on unemployment.

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LexisNexis Risk Solutions Launches Vehicle Build Product to Offer U.S. Insurers Much-Needed ADAS Details

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Spotlight

As more and more people are laid off from work, many are worried about health insurance. It has led many of those people to question whether unemployment benefits include health insurance. They do not, but there are some health care options out there, but they may not be cheap. Kevin Holt, the chief operating officer for Hamilton County Job and Family Services, says the agency has been inundated with phone calls and questions from folks forced to go on unemployment.