We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Chubb (CB) Introduces Cyber Insurance Solution in Canada
Read MoreHide Full Article
Chubb Limited’s (CB - Free Report) recently announced that its enterprise-wide insurance solution, Integrity+, will now be available in Canada. The latest policy will protect Canadian companies from errors and omissions (E&O) liability customer lawsuits.
The policy will allow companies to shield themselves from privacy and cyber breaches, intellectual property infringements or other financial injuries caused by their own products or services. Integrity+ is available on a claims-made policy or claims-made and reported policy in Canada. The product is available in the United States as well.
The newly launched insurance policy has been developed for the specific risks faced by technology, life science, advanced manufacturing, healthcare information technology companies, to name a few. The extensible insurance policy has been created to meet clients’ needs and preventing the evolving risks associated with their products or services.
The policy offers dedicated First Party Cyber insurance limits, which will enable the companies to safeguard their liability limits in accordance to their contractual obligations.
Integrity+ also offers First Party Cyber insurance protection for expenses associated with privacy data breach, such as costs for Privacy Notification, Forensics, Remediation and Crisis Management and more. The additional First Party coverages have an insurance limit of up to $0.5 million, with flexibility in case of a loss. These coverages will help to dispense insurance dollars where necessary.
The insurance policy will help companies through E&O Liability insurance as well as protection for destructive programming, cyber liability and First Party Expenses, and intellectual property/disclosure and reputation disparagement. Thus, the insured companies will have the option to select any combination of this unique insurance coverage as well as opt for various policy deductibles and limits.
Chubb’s Cyber team remains committed toward helping companies in prevention of cyber risk attacks and preparing them to respond to actual or potential threats. The newly launched insurance policy will allow clients to access Cyber Response Coaching that will enable them to better manage complex regulatory and legal process owing to a privacy data breach.
Chubb is making strategic initiatives and boosting its organic profile by focusing on cyber insurance, which currently has immense room for growth. The initiatives undertaken by the property and casualty (P&C) insurer are likely to drive improvement and boost the company’s overall results in the long run.
Some better-ranked stocks from the same space include National Interstate Corporation (NATL) , United Insurance Holdings Corp. and W.R. Berkley Corporation (WRB - Free Report) .
National Interstate, a specialty property and casualty insurer, delivered positive surprises in two of the last four quarters, with an average beat of 7.59%. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
United Insurance, another P&C insurer, delivered positive surprises in two of the last four quarters, with an average beat of 37.97%. The company holds a Zacks Rank #1.
W.R. Berkley, a P&C insurer, delivered positive surprises in all of the last four quarters, with an average beat of 6.13%. The insurer has a Zacks Rank #2 (Buy).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Chubb (CB) Introduces Cyber Insurance Solution in Canada
Chubb Limited’s (CB - Free Report) recently announced that its enterprise-wide insurance solution, Integrity+, will now be available in Canada. The latest policy will protect Canadian companies from errors and omissions (E&O) liability customer lawsuits.
The policy will allow companies to shield themselves from privacy and cyber breaches, intellectual property infringements or other financial injuries caused by their own products or services. Integrity+ is available on a claims-made policy or claims-made and reported policy in Canada. The product is available in the United States as well.
The newly launched insurance policy has been developed for the specific risks faced by technology, life science, advanced manufacturing, healthcare information technology companies, to name a few. The extensible insurance policy has been created to meet clients’ needs and preventing the evolving risks associated with their products or services.
The policy offers dedicated First Party Cyber insurance limits, which will enable the companies to safeguard their liability limits in accordance to their contractual obligations.
Integrity+ also offers First Party Cyber insurance protection for expenses associated with privacy data breach, such as costs for Privacy Notification, Forensics, Remediation and Crisis Management and more. The additional First Party coverages have an insurance limit of up to $0.5 million, with flexibility in case of a loss. These coverages will help to dispense insurance dollars where necessary.
The insurance policy will help companies through E&O Liability insurance as well as protection for destructive programming, cyber liability and First Party Expenses, and intellectual property/disclosure and reputation disparagement. Thus, the insured companies will have the option to select any combination of this unique insurance coverage as well as opt for various policy deductibles and limits.
Chubb’s Cyber team remains committed toward helping companies in prevention of cyber risk attacks and preparing them to respond to actual or potential threats. The newly launched insurance policy will allow clients to access Cyber Response Coaching that will enable them to better manage complex regulatory and legal process owing to a privacy data breach.
Chubb is making strategic initiatives and boosting its organic profile by focusing on cyber insurance, which currently has immense room for growth. The initiatives undertaken by the property and casualty (P&C) insurer are likely to drive improvement and boost the company’s overall results in the long run.
Currently, Chubb carries a Zacks Rank #4 (Sell).
CHUBB LTD Price
CHUBB LTD Price | CHUBB LTD Quote
Stocks to Consider
Some better-ranked stocks from the same space include National Interstate Corporation (NATL) , United Insurance Holdings Corp. and W.R. Berkley Corporation (WRB - Free Report) .
National Interstate, a specialty property and casualty insurer, delivered positive surprises in two of the last four quarters, with an average beat of 7.59%. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
United Insurance, another P&C insurer, delivered positive surprises in two of the last four quarters, with an average beat of 37.97%. The company holds a Zacks Rank #1.
W.R. Berkley, a P&C insurer, delivered positive surprises in all of the last four quarters, with an average beat of 6.13%. The insurer has a Zacks Rank #2 (Buy).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>