Markets/Coverages News

Mutual Boiler Re Adds Risk Improvement Coverage to Equipment Breakdown Policies

Mutual Boiler Re, a provider of equipment breakdown reinsurance and related services to insurance companies in North America, is now offering risk improvement insurance coverage to its clients and their commercial policyholders as one of the new additional coverages on …

Liberty Mutual Adds 2 Excess Casualty Products for Large Companies

Liberty Mutual Insurance has launched two new excess casualty products for large companies: the Utility Follow Form Excess for the power and utility sectors, and the Integrated Occurrence Form for the large corporate sector. Both are available from Liberty Surplus …

XL Catlin Launches Logistics Services Insurance to Address Supply Chain Risks

To help U.S. businesses manage the risks of storing, handling and transporting goods from here to there, XL Catlin has introduced a new logistics services insurance policy.  XL Catlin’s Logistics Services Coverage Solutions provides a logistics company with tailored inland …

Universal P&C’s Direct-to-Consumer Homeowners Site Now Selling in 10 States

Universal Direct, a direct-to-consumer online platform for Universal Property & Casualty Insurance Co. homeowners insurance, is now available  in Florida, Hawaii and North Carolina. With these additions, the direct business model is now available in 10 states, including Delaware, Georgia, …

ICW Group Now Writing Workers’ Compensation in Michigan, Oklahoma, Tennessee, Virginia

ICW Group Insurance Companies has begun writing workers’ compensation four additional states—Michigan, Oklahoma, Tennessee and Virginia. The San Diego-based company says the move bolsters its presence across the Midwest and South, while enabling it to better serve agents with clients …

Ponderosa Insurance Introduces Self-Storage Property & Liability Program

Ponderosa Insurance Agency has introduced a self-storage property and liability insurance available directly to U.S. self-storage operators that includes more coverage such as flood and California/Pacific Northwest earthquake. Ponderosa is a subsidiary of Repwest Insurance Company. Together with its signature …

QBE North America Adds Manufacturing E&O Endorsement to Product Liability Coverage

QBE North America’s Commercial Insurance business has introduced a manufacturing E&O endorsement to its product liability product offering. The manufacturing E&O endorsement is a claims made coverage form providing broad coverage on a simple rating basis. This endorsement closes a …

Ironshore’s IronPro Launches Cyber Crime Product for English & Welsh Solicitors

IronPro, Ironshore’s financial and professional lines unit, is introducing Ironshore CyberCrime and DataProtect for English and Welsh Solicitors. Paragon International Insurance Brokers, a London-and-Bermuda-based independent global insurance broker, will exclusively market this product in conjunction with cyber monitoring and alert …

New MGA Verve to Target Liability Market for Insurance Agents, Insurers in U.S.

Newly-launched managing general agency Verve Risk Partners plans to target U.S. professional and management liability risks, focusing on insurance companies and captives as well as insurance agents and brokers. The London-based MGA has been launched by Castel Underwriting Agencies Limited, a …

AAIS Files New Standardized Personal Auto Program Nationwide

American Association of Insurance Services (AAIS), a national not-for-profit insurance advisory organization governed by its member companies, announced the filing and approval of a new standardized Personal Auto Program available for the P/C insurance industry. Alabama leads the states in …