Markets/Coverages News

Norman-Spencer Agency Redesigns Crane Program; Adds New Coverages, Rates

Norman-Spencer Agency, Inc., a national property and casualty insurance provider, has expanded its crane division with a program redesign to include additional coverages and new rates. According to Brian Norman, president of Norman-Spencer, the new program allows the company to …

Arthur J. Gallagher Launches Crime & Management Liability Cover for UK SMEs

Arthur J. Gallagher’s specialist Management Liability Practice has responded to the heightened risk of commercial crime facing SME businesses by creating tailor-made management liability and crime insurance products. The two products are targeted at UK private limited companies. Backed by …

PURE Expands E&S Homeowners Coverage to South Carolina

The PURE Group of Insurance Companies has expanded its PURE Programs excess & surplus (E&S) line offering designed to protect higher risk homes insured for $1 million or more, into South Carolina. With this expansion of the offering, PURE policyholders in South Carolina have …

Markel UK Launches Media, Creative Industry Coverage

Markel UK has launched a package policy for media and creative industries that provides a wide range of covers to a broad selection of businesses, as well as access to a free debt recovery helpline, provided by solicitors DWF. Markel’s …

Travelers Launches Online System in UK, Providing Quick Mgmt Liability Quotes

Travelers Insurance Co. Ltd. in the UK has launched a new online system that enables UK brokers to receive management liability quotes and bind coverage for their clients in a matter of minutes. Accessed through the My Travelers e-trade platform, …

Orchid Underwriters Expands Commercial Lines into Alabama, Mississippi

Orchid Underwriters Agency, LLC, a specialty underwriter of catastrophic coastal insurance, announced that it expanded its Commercial Lines business to two new states, Alabama and Mississippi. The two new states join New Jersey, North Carolina, South Carolina, Florida, Louisiana and …

New Aon Professional Liability Coverage Available for 300-Plus Small Business Classes

Aon Affinity, the affinity business of Aon plc, has launched Aon Professional Liability Plus, a nationwide program that provides malpractice insurance to more than 300 classes of traditionally hard-to-place small businesses. The program, underwritten by an A-rated carrier, offers coverage …

XL Catlin Launches New Contractors Pollution Liability Express Program

XL Catlin has launched its new Contractors Pollution Liability Express Program in the US and Canada for small to mid-size construction firms. According to Cathy Cleary, XL Catlin’s executive environmental underwriter, the program is designed for construction firms with $50 …

Crum & Forster Pet Insurance Group Launches Companion Horse Insurance

Crum & Forster Pet Insurance Group has launched a new product for the equine industry that provides veterinary care insurance for companion horses – typically only available for race or performance horses. Policies will be underwritten by United States Fire …

Chubb Boosts Capacity for Terrorism, Political Violence, War Insurance

Chubb said it is now offering increased insurance capacity of up to US$150m/ €150m (previously US$100m/ €100m) for terrorism, political violence and war risks in response to evolving threats and increased demand from multinational clients. The new increased capacity will …