Markets/Coverages News

Beazley Enhances Worldwide Breach Response Services

Beazley has enhanced its Beazley Breach Response (BBR) product to include expanded privacy breach response services and broader coverage The enhancements, which will come standard on all future BBR policies, will also further improve Beazley insureds’ ability to respond to …

Dovetail Insurance Expands Workers Comp Product to Five Additional States

Dovetail Insurance, a supplier of cloud-based insurance product delivery services, has expanded its NetComp workers’ compensation insurance to independent agents in Virginia, and will also be adding Pennsylvania, Indiana, Michigan and Connecticut before the end of April.  As part of …

RPX Launches Non-Practicing Entity Patent Litigation Insurance with Lloyd’s

RPX Corp., a provider of patent risk management products, has launched a new insurance service for businesses facing patent infringement litigation with non-practicing entities (NPEs).  As a coverholder at Lloyd’s, RPX Insurance Services, LLC will provide marketing, underwriting, and claims …

Great American Broadens Property Endorsement for Social Services

Great American Insurance Group has enhanced its signature property broadening endorsement for human and social service organizations. The enhanced coverage, offered through its Specialty Human Services Division, is designed to protect an organization’s valuable property. A feature of the signature …

Zurich Launches Risk Management Tool for Financial Institutions

Zurich has launched a new Enterprise Risk Management (ERM) healthcheck assessment tool for financial institutions.  The tool was created to assist financial institutions in response to recent regulations making them more accountable for risk management. “The ERM Healthcheck helps financial …

Ironshore Specialty Adds Product Recall to Crisis Management Coverage

Ironshore Specialty Casualty, the specialty insurance unit of Ironshore Inc., has expanded its crisis management coverage to include a product recall enhancement for product manufacturers.  Ironshore’s “Crisis ThreeSixty” (with recall reimbursement expense) offers a crisis management feature to assist clients …

Secure Settlements Launches Mortgage Settlement Insurance

Secure Settlements, Inc. (SSI), a data intelligence and risk analytics company for the mortgage industry, has partnered with RFIB Group Ltd. and certain underwriters at Lloyd’s of London to offer a new product that will insure lenders utilizing SSI’s ClosingGuard …

NAPCO Report: Prices Decreasing, Competition Increasing in P&C Space

Insurers have become increasingly competitive and are reducing rates for most accounts as a result of low global insured catastrophe losses and added capacity from non-traditional market sources, according to wholesale insurance broker-NAPCO’s biannual State of the Market: NAPCO Property …

ProSight Specialty, Tangram Insurance Launch Social Service Package Program

ProSight Specialty Insurance and Tangram Insurance Services Inc. have added a package insurance product offering for the companies’ joint Community First Insurance Program serving social service organizations. The new package lines Community First coverage, which is also paired with a …

Security First to Offer Ironshore’s Primary Flood for High-Value Properties in Florida

Security First Managers, LLC, a Florida-based managing general agent for high value homeowners programs, is expanding the flood coverage it offers utilizing Ironshore insurance capacity. Security First Managers can now offer primary flood insurance of $500,000 to its customers, in …