Breaking News
AXA XL Adds Cyber Insurance Option to its Lawyer’s E&O Offering
To help lawyer firms minimize the high financial cost and reputational risks associated with potential cyber incidents, AXA XL has added Cyber Suite, a cyber and security insurance coverage as an option to its Lawyers’ Errors & Omissions (E&O) insurance program.
According to Dwayne Johnson, Underwriting Manager for Lawyers’ Professional Liability business, “A stolen laptop, a network hack or random computer virus can create enormous and costly consequences for a design firm’s practice and reputation. Lawyers rely on technology just as much as any other profession. One cyber incident can significantly compromise all that a law firm has worked hard to build. We’re pleased to be able to pair up our professional and cyber insurance expertise and deliver Cyber Suite coverage to help our clients address today’s new and emerging online and technology-driven business exposures.”
Available under AXA XL’s Lawyers’ professional liability policy, Cyber Suite helps law firms impacted by a data breach or other cybercrime. Among available coverages are:
- Data Compromise Response Expense – providing coverage for resources to respond to a breach of personal information
- Computer Attack – providing coverage for resources to respond to a computer attack
- Cyber Extortion to respond to an extortion threat
- Misdirected Payment Fraud –providing reimbursement for the amount fraudulently obtained from the insured as a result of a wrongful transfer event
- Computer Fraud – offering reimbursement for the amount fraudulently obtained from the insured as a result of a computer fraud event
- Data Compromise Liability – extending protection to pay defense and settlement costs in the event of a suit related to a breach of personal information
AXA XL’s E&O insurance protects professional individuals and companies from actual or alleged mistakes, errors, omissions, negligence, or failures that occur while providing advice and services to clients.
Companies In This Post
- EXCLUSIVE: “TradFi Versus DeFi: From Disruption to Definition” – Jessica Blue, Money20/20 in ‘The Paytech Magazine’ Read more
- The Paytech Magazine Issue #17 Read more
- World’s Largest Fintech Meetings Event Expands to Europe with 2026 Lisbon Launch Read more
- Innovation Celebrated as Winners of Open Banking Expo Awards 2025 Revealed Read more
- Fintech Revolution Summit 2025 Read more
Duck Creek Technologies Wins IDC FinTech Real Results Award for Insurance Transformation
Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announced it has been named a co-winner in the 2025 IDC FinTech Real Results Awards in the Insurance Transformation category. The award recognizes Duck Creek's work with HDFC ERGO General Insurance Company, India's leading private sector general insurer, showcasing measurable, future-enabling change in the insurance industry.
Simply Business Pioneers First-of-its-Kind AI Advisor to Simplify Insurance for Small Business Owners
Simply Business, LLC, the leading digital marketplace for easily finding, comparing, and buying tailored small business insurance in the U.S., today announced the launch of its first-of-its-kind AI-powered insurance advisor, transforming the insurance buying process for entrepreneurs.
Insurance Development Forum Announces First Close of Infrastructure Resilience Development Fund
The Insurance Development Forum (IDF) is pleased to announce the successful launch of the Infrastructure Resilience Development Fund (IRDF). The IRDF, managed by Global Infrastructure Partners (GIP), a part of BlackRock, is based on the Infrastructure Resilience Development Blueprint that IDF members including AXA, Convex, Generali, SCOR, Swiss Re and Zurich developed over the past two years. This blueprint was then refined through intensive collaboration between the IDF and BlackRock/GIP.
Sixfold Stars Again in the Insurtech 50
Sixfold, the underwriting AI company, has been selected by the prestigious CB Insights to be part of the Insurtech 50, which spotlights the top 50 private insurtech companies that are shaping the future of insurance. Sixfold was also included last year, which highlights the relevance and innovation of its solutions.
Resilience Expands Coverage for Technology Errors & Omissions Insurance for Clients Above $25M In Annual Revenue
Resilience has expanded its appetite for Tech E&O insurance to clients with more than $25 million revenue
Zurich Strengthens Its Fraud Defences With Real-time AI, Connecting Industry-Wide Claims Data
Zurich Insurance is increasing the power of its real-time fraud detection by becoming the first insurer to partner with Quantexa in the UK
Beacon.li Unveils AI Orchestration Layer to Unify Insurance Operations at ITC Vegas 2025
Beacon.li announced the launch of its latest AI-powered agents tailored for the insurance industry, addressing operational frictions
EXCLUSIVE: “TradFi Versus DeFi: From Disruption to Definition” – Jessica Blue, Money20/20 in ‘The Paytech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Paytech Magazine Issue #17
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
World’s Largest Fintech Meetings Event Expands to Europe with 2026 Lisbon Launch
Fintech Meetup announced the launch of Fintech Meetup Europe, taking place in Lisbon, Portugal, 6-8 October 2026. The event will bring together 2,500+ attendees, including 650+ hosted buyers from banks, financial institutions, retailers, and merchants, alongside fintech innovators, investors, and ecosystem leaders from across Europe and beyond.
Innovation Celebrated as Winners of Open Banking Expo Awards 2025 Revealed
The Open Banking Expo Awards 2025 have unveiled this year’s winners – a celebration of the organisations and individuals driving excellence across Open Banking, Open Finance and payments.
Fintech Revolution Summit 2025
The UAE is stepping up its Fintech leadership. On November 27th, 2025 Abu Dhabi will become the epicentre of Fintech innovation in the region as it hosts the Fintech Revolution Summit 2025, organized by TraiConEvents.
How Plumery Is Empowering Banks With Freedom
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
U.S. Bank Avvance Launches Customized Embedded Financing Offering
U.S. Bank Avvance enables financial institutions and fintechs to offer their customers simple, flexible embedded financing options