Markets/Coverages News

Swiss Re Corporate Solutions & IBM Offer Protection Against Cyber Attacks

Swiss Re Corporate Solutions joins forces with IBM Security to provide advanced cyber risk protection products and services to companies worldwide, aiming to help businesses defend themselves against increasingly sophisticated cyber attacks. The IBM-Swiss Re Corporate Solutions agreement combines IBM’s …

Florida’s Prepared Insurance Joins Write Your Own Flood Program

Prepared Insurance Company (PIC), a Florida property/casualty carrier, has been approved to participate in the Write Your Own Flood Program (WYO). The insurer is offering Florida consumers the ability to purchase flood and homeowners insurance through one carrier with one …

ACE Expands Liability Coverage for Assisted Living, Long Term Care Facilities

ACE Group has introduced four new medical liability coverage endorsements, designed to provide more comprehensive protection to the expanding long term care healthcare sector. The new endorsements include: media event expense; disciplinary proceeding defense; emergency evacuation expense; and patient property …

XL Group Introduces New Environmental Excess Policy Form

XL Group’s Environmental insurance business has created a new excess insurance policy to provide clients and brokers in the U.S. and Canada with a simplified way to buy an additional layer of environmental insurance protection. This new excess insurance form …

K&K Insurance Launches Off-Track Coverage for Motorsports

K&K Insurance Group, Inc., a subsidiary of Aon plc has launched a new program offering off-track physical damage coverage for competition vehicles via the web. The program, accessible through K&K’s newest insurance website, www.motorsportsinsurance-kk.com, provides agents with the ability to …

XL Launches Stand-Alone Auto Parts Recall Policy

XL Group announced the launch of a stand-alone automotive parts recall policy, a tailored insurance solution designed for suppliers in the automotive industry. The policy delivers a choice of coverage to respond to the increased exposures and liabilities related to …

NGM Insurance Brings Expanded Work Comp Program to Vermont

The Main Street America Group’s NGM Insurance Co. has introduced an expanded workers’ compensation program in Vermont via its network of independent insurance agents across the state. NGM’s expanded workers’ compensation product considers 10 characteristics that impact company placement, including …

Schinnerer Unveils New Architects & Engineers Professional Liability Form

Victor O. Schinnerer & Company, an underwriting manager, has launched a new professional liability policy form for design professionals. The new form includes a variety of policy enhancements for large, mid-size, and small architecture, engineering, surveying, and design consultant clients. …

Great American Expands Capacity for Pollution Products

Great American Insurance Group has expanded its complete pollution product line policy aggregate limits of liability to $50 million per loss/$100 million. This expanded capacity can be offered on both a primary layer or on an excess of loss basis. …

XL, Cobalt Underwriting Launch Shariah-Compliant Equine Product at Lloyd’s

XL Group and Cobalt Underwriting have launched the first Shariah-compliant product to be available through Lloyd’s of London. The cover is an equine product, which responds to named perils, mortality, theft, infertility and permanent disability, among other risks, XL said …