endorsements News

Travelers Adds Endorsements to MedFirst Policy for Medical Technology Industry

To fill in the potential coverage gaps not covered by a traditional general liability policy, Travelers has introduced MedFirst Plus, four new coverage endorsements to its MedFirst policy for the medical technology and device industry. The new Travelers MedFirst Plus …

Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?

Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements, one for homeowners and another for commercial roofs, that are becoming available. The two organizations that standardize …

AAIS, IDentity 911 Release Sample Data Breach Endorsement

Insurers now have access to a new sample endorsement they can use to provide “data breach” coverage to small- and mid-sized commercial accounts. The American Association of Insurance Services (AAIS) has released the sample endorsement under its business owners program …

Chubb Launches Cyber Endorsement Addressing Bank Account Takeover Frauds

The Chubb Group of Insurance Companies has launched a new endorsement to help protect community banks from a more than three-fold increase in fraudulent online commercial transactions. The new endorsement to the ForeFront Security by Chubb Community Bank Bond expands …

Markel Adds DataBreach Mitigation to Management Liability Policies

Markel is now offering DataBreach Mitigation coverage for its management liability product line. The policy includes a sublimit for PR expense coverage, notification and related legal expenses, and voluntary credit monitoring. This coverage extension is offered by Markel on an …

ACE USA’s Excess Casualty Unit Expands Catastrophe Management Coverage

ACE USA, the U.S.-based retail operations of the ACE Group, has expanded its catastrophe management insurance products with the introduction of the ACE Cat Management 2.5 endorsement by its ACE Excess Casualty Unit. This endorsement is designed to supplement ACE’s …

ACE Adds Chemical Withdrawal Expense Endorsement to Ace PaC Form

ACE USA, the U.S-.based retail operations of the ACE Group, has expanded coverage for buyers of its combined general liability and pollution policy form—ACE PaC—designed for mid-sized clients in the chemical industry with pollution exposures. The ACE chemical product withdrawal …

Ebix Acquires Online Insurance Tech Provider TriSystems

Atlanta-based Ebix, Inc, a supplier of On-Demand software and E-commerce services to the insurance industry, announced that it has acquired London-based TriSystems Ltd., an online insurance trading hub that facilitates commercial insurance and reinsurance transactions between London intermediaries and insurance …

ACE Releases First Dollar Defense Endorsement for CPL Coverage

ACE USA has released ACE first dollar defense endorsement for contractors pollution liability (CPL) coverage. This new offering provides financial support for contractors facing litigation and defense costs for pollution incidents that occur during work they perform at a job …

Endorsements for All Business Classes in London Go Electronic Says LMG

The London Market Group (LMG) announced that the electronic endorsements initiative will extend to all classes of business as of today, the 5th of March.  The extension of the services pilot program to all classes comes less than a year …