business insurance News

Zurich Introduces Property Coverage for Cloud-Dependent Companies

Zurich North America has introduced new property coverage for cloud-dependent, middle-market companies. As the new property coverage enhancement for companies is not location specific, Zurich now offers insurance coverage for the cyber risks of cloud computing as well as business …

AIG Launches Cross-Border Casualty Risk Product for Multinational Companies

American International Group, Inc. (AIG) has launched its Global Casualty Single Solution (GCSS), a new product to cover cross-border casualty risks for U.S.-based multinational companies. The product is designed for middle market businesses with up to $700 million in annual …

MHG Insurance Brokers Opens Office in Houston

MHG Insurance Brokers, a national brokerage in the United States specializing in life and health insurance for groups and individuals as well as business insurance, announced the opening of an office in Houston, Texas. The office is poised to serve …

Zurich Launches Side A D&O Coverage for Corporate Leaders in the U.S. and Abroad

Zurich has introduced a new Side A D&O policy that addresses the evolving litigation landscape and provides coverage for┬áliability exposures in the global marketplace, including China, Brazil, Mexico, Japan and India. The new policy is now available for customers in …

Berkshire Specialty Introduces Business Crisis Event Cost Coverage

Berkshire Hathaway Specialty Insurance has introduced business crisis event cost coverage, which extends its casualty and healthcare lead umbrella policies to cover costs incurred to manage a business crisis, including the fees of a crisis management consulting firm. The new …

I.I.I. on Business Insurance Lessons Learned From Sandy

The difficulty many businesses had reopening after Superstorm Sandy is a reminder of the importance of having a disaster recovery plan and the right type and amount of insurance, according to the Insurance Information Institute (I.I.I.). The I.I.I. notes that …

Hiscox Adds Cyber Crime Protection for Small, Medium-Sized Businesses

Hiscox, the international specialist insurer, has added a new cyber crime protection endorsement to its technology privacy cyber portfolio. The cyber crime coverage option provides additional protection against growing exposures related to cyber crime connected to business bank accounts. “Technology …

NIP Launches Business Insurance Program for Restaurant Industry

NIP Programs — a division of Woodbridge, N.J.-based NIP Group Inc. that designs and manages specialty business insurance programs — introduced a business insurance program targeting owners and operators of restaurants and other dining establishments.The program, named “MenuPro,” offers standard …

Foremost Insurance to Take Over Zurich’s Small Business Insurance Program

Beginning January 2013, Foremost will introduce business insurance into its portfolio of products. Foremost is a part of the Farmers Insurance Group of Companies. Zurich North America is ending the Zurich Small Business program and is working with Foremost to …