crisis management News

Safety National Introduces Safety National Crisis Protection

Safety National Casualty Corp., an excess workers’ compensation and provider of large casualty offerings, has introduced Safety National Crisis Protection – a crisis management and extraction benefit provided exclusively for Safety National’s excess and large deductible workers’ compensation policyholders. This …

Ironshore Specialty Adds Product Recall to Crisis Management Coverage

Ironshore Specialty Casualty, the specialty insurance unit of Ironshore Inc., has expanded its crisis management coverage to include a product recall enhancement for product manufacturers.  Ironshore’s “Crisis ThreeSixty” (with recall reimbursement expense) offers a crisis management feature to assist clients …

Act ‘Quickly and Appropriately’ to Protect Brands: Lloyd’s/Airmic Advise

Companies should be aware of how best to protect their brands after an incident. “The key to remaining resilient and keeping brands and reputations intact is responding quickly and appropriately,” Lloyd’s said, citing a recent report from Airmic, the UK’s …

Liberty Mutual Launches Foreign Package Policy for U.S. Companies

Liberty Mutual’s Commercial Insurance strategic business unit has expanded its foreign package policy offering by introducing a new product, and by adding a new global crisis management endorsement. The new Global Concierge Plus product provides up to $25 million 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 …

XL Group Assembles Crisis Management Team in U.S.

XL Group has added a crisis management team to provide corporate clients in the U.S. with product recall, war, terrorism and political violence, kidnap, ransom, and extortion insurance. Led by Denise Balan in New York, the new team has underwriters …

Zurich’s Environmental Site Business Enhances Z Choice Policy

Zurich has revised its Z Choice fixed facility environmental liability suite of products to include built in coverage features such as emergency expenses and crisis management. The new form provides for increased usability and customization to meet insureds’ needs and …

Travel Industry Unfazed by Latest Carnival Cruise Ship Saga

Global cruise giant Carnival Corp. found itself in deep doo-doo this week, due to alarming reports about an engine room fire that left one of its jam-packed U.S. passenger ships adrift and awash in raw sewage in the Gulf of …

Chartis Adds CrisisResponse Coverage to Corporate Aviation Policies

The Chartis insurers have added CrisisResponse coverage to aviation policies for corporate customers, including airports and charter management companies. Developed by Chartis Aerospace Insurance Services Inc., CrisisResponse for aviation companies provides customers access to immediate funds for crisis management costs …

Hiscox Launches Solo Strike Liability Protection for US Healthcare Institutions

To counter the growing threat of an attack by an individual on healthcare institutions, Hiscox has launched a dedicated solo strike liability insurance product for the US healthcare market. In the event of an attack, Hiscox’s Solo Strike Liability, designed …