Insurance Journal » Agents & Brokers http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Sat, 20 Dec 2014 16:17:59 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 OneBeacon Launches Environmental Website for Producers, Clients http://www.insurancejournal.com/news/national/2014/12/18/349380.htm Thu, 18 Dec 2014 11:00:48 +0000 http://www.insurancejournal.com/?p=349380 OneBeacon Environmental, a member of Hamilton, Bermuda-based OneBeacon Insurance Group Ltd., has launched a new website, www.onebeaconenvironmental.com, featuring overviews of product lines, classes of business, and industry products for specific types of businesses with environmental risks. Through the site, customers and …

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Online Dovetail Offers MetLife Business Owners Policy in 5 States http://www.insurancejournal.com/news/national/2014/12/17/349373.htm Wed, 17 Dec 2014 11:00:58 +0000 http://www.insurancejournal.com/?p=349373 Columbia, S.C.-based Dovetail Insurance, a supplier of cloud-based insurance products for agents and brokers, is offering a MetLife Business Owners Policy (BOP) through its NetBOP Insurance Portal in five states: California, Illinois, Indiana, North Carolina and Ohio. The company said …

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Hiscox PRO Adds Admitted Policies, New Coverages http://www.insurancejournal.com/news/national/2014/12/10/348708.htm Wed, 10 Dec 2014 11:00:44 +0000 http://www.insurancejournal.com/?p=348708 Hiscox has launched enhancements to its Hiscox PRO suite of insurance coverages for professional liability, encompassing a wider variety of professions with new admitted policies for technology, miscellaneous professional, privacy/data breach, home healthcare and standalone general liability products. The additions …

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Allianz Business Services Limited Joins Willis Commercial Network http://www.insurancejournal.com/news/international/2014/12/10/349470.htm Wed, 10 Dec 2014 10:35:33 +0000 http://www.insurancejournal.com/?p=349470 Willis Group Holdings announced that the Allianz-owned company, Allianz Business Services Limited (ABSL), trading as Premierline, has joined the Willis Commercial Network (WCN). Lancaster-based ABSL joins WCN as part of a deal that includes the sale of Willis’s Businesscare business …

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Brokerslink Appoints Gooch to Drive Business Development http://www.insurancejournal.com/news/international/2014/12/10/349468.htm Wed, 10 Dec 2014 10:20:33 +0000 http://www.insurancejournal.com/?p=349468 Independent insurance broker network Brokerslink has appointed Corey Gooch as its first director of business development. As part of the executive team, he will help drive Brokerslink’s growth by working with its broker members to introduce new clients and identify …

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ACE Westchester Extends Its Product Recall Insurance to Small Businesses http://www.insurancejournal.com/news/national/2014/12/05/348278.htm Fri, 05 Dec 2014 11:00:53 +0000 http://www.insurancejournal.com/?p=348278 ACE Westchester has launched ACE Recall Plus for Small Business, a product that offers  product recall coverage and crisis management services to the small business market segment. The move follows an increase in the frequency and cost of product recalls …

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FranchisePerils Launches Multiline Product for Franchisors http://www.insurancejournal.com/news/national/2014/12/04/348282.htm Thu, 04 Dec 2014 11:00:41 +0000 http://www.insurancejournal.com/?p=348282 Los Angeles-based FranchisePerils, a division of ExecutivePerils Inc., has launched FranchisorSuite, a comprehensive five-in-one insurance policy written exclusively for franchisors. Tthe policy is designed to protect franchisors against the most common lawsuits filed by franchisees, investors, government agencies and their …

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Chubb Survey: Attic Storage Can Cause Homeowner Grief, Hazards http://www.insurancejournal.com/news/national/2014/12/04/348722.htm Thu, 04 Dec 2014 11:00:27 +0000 http://www.insurancejournal.com/?p=348722 Homeowners who don’t pay attention to what’s going on in their attics can face costly damage that can spread throughout their entire home, warns a new survey sponsored by the Chubb Group of Insurance Companies. According to the survey of …

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Hub International Acquires Canada-Based MGA Partners http://www.insurancejournal.com/news/international/2014/12/04/348898.htm Thu, 04 Dec 2014 09:19:46 +0000 http://www.insurancejournal.com/?p=348898 Hub International Limited, a global insurance brokerage, announced that its subsidiary Hub Financial Inc. has acquired the shares of MGA Partners Inc., an Ontario Canada-based managing general agency. Terms of the acquisition were not disclosed. The acquisition broadens Hub’s footprint …

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XL’s New Standalone Terrorism Policy Addresses TRIPRA Gaps http://www.insurancejournal.com/news/national/2014/12/03/348743.htm Wed, 03 Dec 2014 15:00:00 +0000 http://www.insurancejournal.com/?p=348743 XL Group’s U.S. Crisis Management business has introduced a new standalone terrorism insurance policy intended to help U.S. businesses address potential gaps in coverage provided by the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA). With TRIPRA reauthorization still in question …

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Towergate’s Secured Creditors Said to Hire Moelis for Debt Talks http://www.insurancejournal.com/news/international/2014/12/01/348530.htm Mon, 01 Dec 2014 13:38:50 +0000 http://www.insurancejournal.com/?p=348530 Towergate Finance plc’s secured bondholders hired Moelis & Co. as advisers as they prepare for talks with the U.K. insurance broker about its $1.6 billion of debt, according to two people familiar with the mandate. Investors in the company’s 248.6 million pounds …

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Liberty Mutual Offers Cyber Cover for Small, Mid-Sized Businesses http://www.insurancejournal.com/news/national/2014/11/30/347946.htm Mon, 01 Dec 2014 00:57:00 +0000 http://www.insurancejournal.com/?p=347946 Liberty Mutual Insurance has launched cyber coverages on its commercial package products and monoline general liability policies for small- to mid-sized businesses. The new Data Security endorsement provides four optional coverages, each with separate and varying aggregate limits, sub-limits, and …

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AssureStart Online Small Business Insurance Now Sold in California http://www.insurancejournal.com/news/west/2014/11/24/347815.htm Mon, 24 Nov 2014 16:21:28 +0000 http://www.insurancejournal.com/?p=347815 AssureStart, a Seattle-based online small business insurance provider, is now open for business in California. AssureStart sells business property and general liability insurance on the Internet to small businesses with fewer than 30 employees. By answering a few questions on …

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Nationwide, Hartford Steam Boiler Offer Cyber Cover for Small Business Owners http://www.insurancejournal.com/news/national/2014/11/24/347795.htm Mon, 24 Nov 2014 16:17:17 +0000 http://www.insurancejournal.com/?p=347795 As more than half of all U.S. small businesses have experienced a data breach, Nationwide has joined forces with Hartford Steam Boiler (HSB) to offer cyber insurance coverage for small business owners. The services and coverages help small businesses respond …

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Cooper Gay Creates Latin American Energy Practice http://www.insurancejournal.com/news/international/2014/11/24/347869.htm Mon, 24 Nov 2014 12:45:52 +0000 http://www.insurancejournal.com/?p=347869 Cooper Gay Miami, the Latin American headquarters of global reinsurance, wholesale and specialty broker Cooper Gay Swett & Crawford (CGSC), announced the creation of a Latin American energy practice. The practice will target regional business with a particular focus on …

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Successful Brokers Put Clients Front and Center: Aon’s Dominic Christian http://www.insurancejournal.com/news/international/2014/11/21/347717.htm Fri, 21 Nov 2014 09:00:36 +0000 http://www.insurancejournal.com/?p=347717 The brokerage industry has changed “utterly and fundamentally” over the past 30 years from a risk transfer function to much more of an advisory role, according to Dominic Christian, executive chairman, Aon Benfield, London. Christian spoke at an event this …

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U.K.’s Towergate Bonds Plunge on News of Takeover Bids http://www.insurancejournal.com/news/international/2014/11/19/347463.htm Wed, 19 Nov 2014 09:39:47 +0000 http://www.insurancejournal.com/?p=347463 Towergate Finance plc’s high-yield bonds plunged to a record after Europe’s largest insurance broker said it received takeover offers. The company’s 304.6 million pounds ($475.5 million) of 10.5 percent notes fell 16 pence on the pound to 45 pence, the …

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PIA of Florida, National Insurance Underwriters Launch E&O Partnership http://www.insurancejournal.com/news/southeast/2014/11/18/347016.htm Wed, 19 Nov 2014 01:00:18 +0000 http://www.insurancejournal.com/?p=347016 The Professional Insurance Agents of Florida Inc. (PIA of Florida) has tapped National Insurance Underwriters (NIU) as the official underwriter of its insurance agents’ professional liability errors and omissions insurance. The partnership enables NIU to now offer E&O coverage from …

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Aon Web Tool Aids Contractors Working in Multiple States http://www.insurancejournal.com/news/national/2014/11/18/346528.htm Tue, 18 Nov 2014 12:50:09 +0000 http://www.insurancejournal.com/?p=346528 The Construction Services Group of Aon Risk Solutions has a new web-based tool to help clients navigate the risk challenges of pursuing work in multiple geographies. The Construction Risk Portal is a single website that currently houses two applications. The …

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Berkshire Hathaway Specialty Adds Contractor’s, Business Crisis Cover http://www.insurancejournal.com/news/national/2014/11/13/345963.htm Fri, 14 Nov 2014 01:30:12 +0000 http://www.insurancejournal.com/?p=345963 Berkshire Hathaway Specialty Insurance (BHSI) has created a Contractor’s Broad Form Coverage, which is now available to contractors with BHSI’s primary general liability practice policies. In addition, BHSI is offering contractors its Business Crisis Event Cost Coverage endorsement with these …

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Hiscox Endorsement Covers Business Loss by Cyber Deception, Phishing http://www.insurancejournal.com/news/national/2014/11/13/346893.htm Fri, 14 Nov 2014 01:00:01 +0000 http://www.insurancejournal.com/?p=346893 International specialist insurer Hiscox is now offering a Cyber Deception endorsement as part of its crime insurance that is aimed at protecting businesses against malicious efforts by criminals to trick employees into transferring company funds. Cyber deception is a growing threat …

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ACE Group Offers Tiered Loss Mitigation Services for Cyber http://www.insurancejournal.com/news/national/2014/11/13/346889.htm Thu, 13 Nov 2014 14:00:10 +0000 http://www.insurancejournal.com/?p=346889 ACE Group is offering a new Loss Mitigation Services designed to help businesses reduce the possibility of cyber security attacks and data breaches from occurring, minimize potential losses, and prepare for possible regulatory or legal actions. According to recent findings …

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K&K Offers Program for Firefighter Accidental Death and Disability http://www.insurancejournal.com/news/national/2014/11/12/345906.htm Wed, 12 Nov 2014 14:00:35 +0000 http://www.insurancejournal.com/?p=345906 K&K Insurance Group Inc., a subsidiary of Aon plc, has a new program offering accidental death and disability (AD&D) coverage for firefighters. The program provides a variety of options including: Policies written for the entire state or on a per …

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CorPro, AIG Offer Management Liability Products for Small, Mid-Sized Firms http://www.insurancejournal.com/news/national/2014/11/11/345893.htm Tue, 11 Nov 2014 15:19:44 +0000 http://www.insurancejournal.com/?p=345893 CorPro Underwriting Managers will now offer directors and officers, employment practices, fiduciary and crime insurance coverage to small and mid-sized enterprises through its partnership with subsidiaries of American International Group Inc. This partnership provides a single point of entry exclusively …

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XL Group Unveils Enhanced Yacht Insurance http://www.insurancejournal.com/news/national/2014/11/06/345622.htm Thu, 06 Nov 2014 12:00:32 +0000 http://www.insurancejournal.com/?p=345622 XL Group has launched enhancements to its yacht insurance program, providing increased coverage for Search & Rescue, stolen boat reward, ship’s cash and continued coverage for crew, which the company unveiled at the 55th Annual Fort Lauderdale International Boat Show. …

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Commercial Rates Continue on Slow Slide; Personal Lines Rates Moderate: Survey http://www.insurancejournal.com/news/national/2014/11/05/346029.htm Wed, 05 Nov 2014 18:19:43 +0000 http://www.insurancejournal.com/?p=346029 The composite rate for U.S. commercial insurance was plus 1 percent in October 2014 while the composite rate for U.S. personal lines was plus 3 percent for the month, according to MarketScout’s monthly analysis of market conditions. “As expected, the …

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Big Data: It Isn’t Just for Carriers http://www.insurancejournal.com/news/national/2014/11/05/346015.htm Wed, 05 Nov 2014 17:38:04 +0000 http://www.insurancejournal.com/?p=346015 This is the era of big data and while it’s no surprise that insurance carriers are big players, the fact is that agents and brokers of all sizes also have a growing stake in big data. While the insurance industry …

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Aon Hewitt’s CIO Named on Computerworld Premier 100 IT Leaders’ List http://www.insurancejournal.com/news/international/2014/11/04/345865.htm Tue, 04 Nov 2014 16:05:47 +0000 http://www.insurancejournal.com/?p=345865 Aon plc, the provider of risk management and human resource consulting and outsourcing, announced that Matthew Heckler, chief information officer for Aon Hewitt, was named to IDG’s Computerworld Premier 100 IT Leaders’ list for 2015. The list spotlights 100 leaders from both the technology and business …

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Aon Benfield Buys Safe Brokers to Enhance Presence in Greece, Cyprus http://www.insurancejournal.com/news/international/2014/11/04/345832.htm Tue, 04 Nov 2014 13:56:15 +0000 http://www.insurancejournal.com/?p=345832 Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, has acquired Safe Brokers to strengthen its investment in the Greek and Cypriot markets. Safe Brokers is an independent reinsurance broker with facultative and treaty premium of approximately EUR15 …

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ACE Rolls Out Online Platform for Construction Industry http://www.insurancejournal.com/news/national/2014/11/03/346500.htm Mon, 03 Nov 2014 15:32:17 +0000 http://www.insurancejournal.com/?p=346500 ACE Group announced that it is now providing insurance brokers, contractors and construction industry clients with access to its ACE Worldview online platform, an enhancement to traditional insurance policy management within the construction industry. ACE Worldview, which was first introduced …

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