Markets/Coverages News

Assurant Expands Private Flood Insurance to Texas

Assurant, Inc. has expanded its new private flood insurance to Texas homeowners. Assurant Primary Flood Insurance, introduced in Florida last month, offers structural coverage up to $800,000 and up to $250,000 in contents coverage, at competitive rates that include no …

RLI Launches Cyber Liability Insurance for Medium, Large-Sized Firms

RLI Insurance Company’s RLI Executive Products Group has launched a new cyber liability insurance product. RLI’s cyber liability insurance offers both first and third party coverage options to protect medium-to-large sized firms against financial losses and damages resulting from cyber …

5 Specialty Insurance Coverages Reserved for Municipal Airports

Municipal airports, as well as the authorities and fix-base operators that manage many of their activities, must navigate a wide range of potential liability exposures related to the safety and security of passengers, aircraft, materials and equipment on their premises. …

Ironshore’s Pembroke Agency Adds Cyber Coverage to Financial Institution Crime Policies

Ironshore’s Pembroke Managing Agency Limited has updated its Financial Institutions Crime program to include cyber fraud and cyber extortion. Pembroke’s crime coverage for Financial Institutions indemnifies a company for direct financial loss resulting from internal and external fraud incidents. The …

AIR Worldwide Introduces Earthquake Model for India

Catastrophe risk modeler AIR Worldwide, a Verisk Analytics business, has released a new earthquake model for India that estimates losses to residential, commercial and small industrial buildings as well as automobiles. The model’s seismicity analysis covers areas with seismic activity …

RMS Updates Cat Models for Terrorism, Europe Windstorm & US Flood

Global catastrophe risk management firm RMS has released version 16.0 of its catastrophe modeling platform, which includes updates to both the Europe Windstorm Clustering Model and Terrorism Modeling suite. Also included are the new Marine Cargo & Specie Model and …

All Risks Adds New Classes for Occupational Accident Product

All Risks, Ltd., an independent wholesaler, has added a variety of new classes for its occupational accident product, which is part of the Accident & Health division.  Classes that All Risks can offer occupational accident coverage now includes behavioral healthcare, …

Prime Property & Casualty Expands into Florida Commercial Auto Market

Prime Property and Casualty Insurance Inc. (PPCI) has expanded into the Florida commercial auto market as an admitted carrier specializing in insurance products for distressed and substandard risks. PPCI is able to insure any commercial auto risk class with adverse …

ERMI Launches Pollution Protection Product for M&A Transactions

Environmental Risk Managers, Inc. (ERMI) has announced a new product to address exposures related to business & property transactions. The Mergers, Acquisitions, and Pollution Protection (MAPP) product combines representations & warranties (R&W) insurance with pollution liability insurance. R&W insurance is …

Hanover Stone Partners, USA Risk Group to Offer Captive Management Services

Hanover Stone Partners, a risk management services firm, and USA Risk Group, an independent captive management firm, have collaborated to offer captive management, governance and related services to businesses and other commercial entities. The two firms will provide a full …