Markets/Coverages News

Premiums, Claims Severity on Rise in Architects & Engineers Market: Survey

For the third consecutive year, most insurers providing professional liability insurance for architects and engineers saw their premium rates increase modestly in 2014, as expectations of larger rate hikes were tempered by steady competition. A new survey by insurance broker …

Vantage Agora Launches Loss Analysis Tool for Brokers/Wholesalers

Insurance process provider Vantage Agora has released a new loss-analysis web application that gives insurance brokers, program managers and managing general agents the ability to view and analyze consolidated data on claims losses for clients and prospects. The application is …

The Hartford Launches Customizable Coverage For Educational Institutions

The Hartford has launched Educators Professional Choice to give educational institutions the ability to customize their liability coverage based on their needs. The package of management and professional liability coverages is designed specifically for private schools, colleges and universities. “Protecting …

CNA Launches Quote Advantage for Small Business Segment

CNA has launched Quote Advantage to give agents access to a quicker way of quoting CNA Connect, the company’s flagship business owners’ policy. The new quoting experience is available for nearly 200 focus classes of business via one input screen. Quote …

Main Street America Now Writing Surety, Fidelity Bonds in Mississippi

The Main Street America Group has received regulatory approval from the State of Mississippi Insurance Department to write commercial surety and fidelity bonds in the state, which will be underwritten through the company’s NGM Insurance Co. Brian Beggs, vice president …

StartPoint Adds $25M in Capacity for U.S. D&O Market

Managing general agency StartPoint has added $25 million in new capacity for the U.S. directors & officers (D&O) insurance marketplace. The complete amount of the capacity is provided by certain syndicates at Lloyd’s (A+ rated by S&P) and is written …

Crestbrook to Offer Wildfire Mitigation for High Value Homeowners

Crestbrook Insurance Co., an affluent market personal lines carrier, has launched Crestbrook Wildfire Solution Program in collaboration with Wildfire Defense Systems (WDS), an insurance wildfire loss prevention and response company. The Wildfire Solutions program offers Crestbrook’s homeowners policyholders access to …

ACE Enhances Pollution Liability Portfolio Coverages

ACE Group has enhanced its premises pollution liability (PPL) and premises pollution liability portfolio (PPL Port) insurance policies to provide additional coverages for environmental day-to-day operational exposures faced by both domestic and multinational businesses. Additionally, the enhanced PPL and PPL …

CoreLogic Releases Property Risk Assessment Platform

CoreLogic, a global property information, analytics and data-enabled services provider, has released RCT Express 4.2, an expanded property risk assessment platform offering the insurance industry a fully-integrated and complete view of property risk that includes comprehensive building and contents valuation …

K&K Lowers Rates for Private School Student Accident Coverage

K&K Insurance Group, Inc., a subsidiary of Aon plc, has lowered its rates for student accident coverage designed for private non-boarding K-12 schools. K&K’s private school student accident program provides coverage for all students participating in activities under the supervision …