Nice American Insurance coverage Group and RPX Collaborate to Carry Patent Danger Protection to Tech and Cyber Insurance policies

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CINCINNATI, February 24, 2022–(BUSINESS WIRE)–Nice American Insurance coverage Group and RPX Insurance coverage Companies, LLC (RPXIS), a completely owned subsidiary of RPX Company, are happy to announce the supply of patent infringement protection protection as a part of Nice American’s Danger e-Enterprise Cyber Danger Insurance coverage CoverageSM. This protection can be included for policyholders choosing Know-how Errors & Omissions (E&O) protection. The patent threat protection factor can be underwritten by Nice American Insurance coverage Firm and Nice American Constancy Insurance coverage Firm, with claims administration providers supplied by RPXIS.

“Nice American’s Danger e-Enterprise Cyber Danger Insurance coverage Coverage is a perfect automobile to deliver RPXIS experience to the Tech/Cyber Insurance coverage Market,” stated Rob Kingsley, President of RPXIS. “Know-how firms particularly face distinctive and complicated mental property dangers, and we look ahead to working with Nice American’s brokers, brokers and policyholders to deal with them.”

Nice American Insurance coverage Group has been writing cyber threat insurance coverage since 2007 and commenced writing Tech E&O protection in 2019. The settlement with RPXIS is a pure development of the corporate’s Cyber Danger product providing to higher meet the rising and altering wants of its know-how clients.

“RPXIS brings a confirmed skill to assist shoppers handle threat,” stated Betty Shepherd, Divisional Senior Vice President, Nice American Cyber Danger. “At a time when many cyber threat insurance coverage carriers are pulling again and lowering protection, we’re very excited to make Danger e-Enterprise a good broader, extra complete product providing. We’re proud to collaborate with an business chief like RPXIS.”

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To study extra about Nice American’s cyber threat insurance coverage options, go to GAIG.com/Cyber.

About Nice American Insurance coverage Group

Insurance policies are underwritten by Nice American Insurance coverage Firm and Nice American Constancy Insurance coverage Firm, licensed insurers in all 50 states and the DC. Protection is summarized. Consult with the precise coverage for a full description of relevant phrases, situations, limits and exclusions. Nice American Insurance coverage Group’s roots return to 1872 with the founding of its flagship firm, Nice American Insurance coverage Firm. Based mostly in Cincinnati, Ohio, the operations of Nice American Insurance coverage Group are engaged primarily in property and casualty insurance coverage, specializing in specialty business merchandise for companies. Nice American Insurance coverage Firm has obtained an “A” (Wonderful) or increased score from the AM Greatest Firm for greater than 110 years (most up-to-date score analysis of “A+” (Superior) affirmed December 3, 2021). The members of Nice American Insurance coverage Group are subsidiaries of American Monetary Group, Inc. (AFG), additionally primarily based in Cincinnati, Ohio. AFG’s widespread inventory is listed and traded on the New York Inventory Change underneath the image AFG.

About RPX

RPX Company (NASDAQ: RPXC) is the main supplier of patent threat and discovery administration options. Since its founding in 2008, RPX has launched effectivity within the patent market by offering rational alternate options to litigation, together with patent litigation insurance coverage. Utilizing its proprietary actuarial mannequin, RPX Insurance coverage Companies, a completely owned subsidiary of RPX, customizes insurance policies to the precise threat and protection wants of every insured. RPX insurance policies present built-in claims administration, most well-liked supplier authorized providers, and case decision help, thus permitting an organization to completely outsource each facet of coping with patent threat. Extra details about RPXIS and its choices is obtainable at www.rpxinsurance.com.

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View supply model on businesswire.com: https://www.businesswire.com/information/residence/20220224005113/en/

Contacts

Diane P. Weidner
Vice President, Investor and Media Relations, American Monetary Group
513-369-5713
[email protected]

Web sites:
www.GreatAmericanInsuranceGroup.com
www.AFGinc.com
www.GAIG.com/Cyber
www.RPXInsurance.com