Markets/Coverages News

Chubb Launches Multi-line Practice for Large Transportation Clients

Chubb has launched a multi-line industry practice within its Major Accounts division that will provide insurance products, service and risk management options for best-in-class large risk transportation clients in the United States and Canada. Chubb’s Transportation Industry practice provides a …

Castel Specialty Launches Global Construction Business

Castel Specialty, a division of Castel Underwriting Agencies Ltd., has expanded its portfolio with the launch of Castel Construction. London-based Castel Underwriting Agencies, part of Barbican Insurance Group, is a club-style MGA formation platform, which supports individual underwriters with smaller …

Sullivan Brokers Enhances Healthcare Provider Program, Adds Cybersecurity Coverage

Sullivan Brokers has launched an enhanced program that offers first party protection specifically tailored to address the exposures healthcare providers face when presenting claims to public or private insurers. The enhanced Practice Shield program now includes an expanded list of …

Allianz Forms Online Aircraft Insurance Partnership with Insurtech Firm Visicover

Allianz Global Corporate & Specialty (AGCS) announced it has formed a partnership agreement with insurtech company, Visicover. Visicover’s existing and new aeroplane and helicopter insurance products now will be underwritten by AGCS, which also will provide claims management services. Customers …

Norman-Spencer Agency Adds Professional Liability Division

Norman-Spencer Agency, Inc., a national property and casualty insurance provider, has added a new Professional Liability Division. The division was established to provide Norman-Spencer’s appointed agents with a resource for all professional liability risks. The Professional Liability Division will offer …

Travelers Launches Usage-Based Insurance App for Personal Auto Customers

The Travelers Companies, Inc. has launched IntelliDrive smartphone app, which gives customers insights into their driving habits and auto insurance priced according to how they drive. Customers who use the app and drive safely can save up to 20 percent …

Starr Companies Enhances Crime & Fidelity Endorsement

Starr Companies has launched an enhanced crime & fidelity endorsement expanding coverage for fraudulent impersonation losses. According to Brian Inselberg, senior vice president, Financial Lines,  the enhanced coverage offers coverage for losses associated with certain transfers of tangible property because …

The Hartford Expands Management Liability Coverage to Nonprofits

The Hartford has expanded its flagship management liability offering, Private Choice Premier, to include management liability coverage integrated with risk management services for nonprofit organizations. Private Choice Premier for nonprofits offers coverage to protect against: Directors, officers and entity liability …

CFC Partners With CyberScout on Specialty Lines Identity Protection Services

CFC Underwriting has partnered with CyberScout, an identity management and data theft service company, to offer cyber support services to its customers internationally. CyberScout provides CFC customers with help in three areas: identity theft remediation, consumer notification and cyber fraud …

RMS Launches New Models for Tropical Cyclone & Earthquake in Asia Pacific

RMS, the Newark, Calif.-based risk modeling and analytics firm, has introduced typhoon models for wind and flood for South Korea and Taiwan, plus four new earthquake models for Singapore, Malaysia, Thailand and Vietnam. This launch augments the company’s existing suite …