business News

Travelers Launches OnDemand Risk Control Service for Commercial Clients

The Travelers Insurance Cos. has launched an interactive, on demand service for property and casualty insureds looking to manage and mitigate their business risks. The new service, called Risk Control OnDemand, connects Travelers risk experts with insureds through screen share …

XL Group to Offer Shariah Complaint Insurance Coverage

XL Group has launched Shariah compliant insurance cover for large corporate and middle market clients. Initially it will focus on property cover, with a maximum capacity of up to $300 million. The coveragevfinacntargets markets worldwide, with the exception of the …

First Fidelity Brokerage Launches Flood Insurance Website

First Fidelity Brokerage of New York has launched www.insureflood.com for homeowners and businesses to obtain flood insurance, as well as information about flood insurance. The site also has a link to estimate flood damage based on the height of the …

Coface Introduces New Trade Credit Top-Up Cover

Coface, a global trade credit insurer, has introduced TopLiner, a new supplemental, non-cancelable top-up cover for existing customers. The product was designed for businesses taking a more active role in managing their credit risks. With TopLiner, Coface policyholders can view …

Aon Launches Replacement Flood Coverage Call Option

Aon Risk Solutions, the global risk management business of Aon plc has created Flood Secure Flex, a new call option for Flood Secure, to allow U.S. organizations to lock in pricing and terms for replacement flood coverage. Flood Secure Flex …

GEICO to Offer Commercial Auto Coverage Direct to Customers in Georgia

Business owners in Georgia can now purchase commercial auto insurance directly from GEICO. By purchasing commercial coverage directly through the company, business owners can see significantly lower premium rates. Commercial insurance packages cover the cars, trucks and vans used by …

Beazley Enhances Suite of Data Breach Products for Businesses

Beazley has unveiled major enhancements to its Beazley Breach Response (BBR) product.  Launched over three years ago, BBR includes a separate limit of coverage for breach response services, and Beazley recently announced the creation of BBR Services, a dedicated business …

Insurance is Key as Investment Frontiers Open, Says World Bank Exec

Political risk insurance against conflict or breach of contract has become a key factor for investors seeking higher returns in developing markets in Africa, Asia and the Middle East. Indeed, the euro zone economic crisis and low returns in other …

IMF Cuts Global Growth Forecast as Emerging Economies Slow

The International Monetary Fund has cut its forecast for global economic growth and warned that the outlook could dim further if policymakers in the euro zone do not act with enough force and speed to quell their region’s debt crisis. …

Global Downturn Puts Investors, Companies in Retreat

Gripped by fears that Europe’s debt crisis is driving the world economy into a ditch, companies are delaying plans to raise capital and canceling deals, while investors are taking refuge in cash or any other place they think their money …