Markets/Coverages News

Ironshore Product Recall Coverage for Food Industry Covers Rehabilitation, Loss of Income

Ironshore Pembroke Managing Agency Ltd. is offering  Product Contamination Recall Insurance, focusing on risk exposure within the food and beverage industries. Contamination and subsequent recall occurrences can be triggered by accidental human error, malicious product tampering and product extortion throughout …

Allied World Launches Product Recall Insurance in North America

Allied World Assurance Company Holdings, AG has added product recall insurance products for the U.S. and Canada through its Global Crisis Management Division. The product recall insurance offers both first party and third party coverage and it allows clients to …

Willis Towers Watson Upgrades Credit Risk Trading Platform

Willis Towers Watson, has launched a next generation version of Mercury, its credit risk placement platform which offers clients the ability to bind credit insurance policies themselves over an online portal. Originally developed in the 1990s, the concept was moved …

Starr Companies Enhance Cyber Terror Response Offering

Starr Companies has formed an agreement to offer services from NYA International (NYA) and Abernathy MacGregor as part of the organization’s newly launched Cyber and Terror Response offering. The coverage provides comprehensive coverage for the losses associated with cyber attacks, …

One-Size Doesn’t Fit All in Today’s Evolving Homeowners Market

The homeowners insurance line, not often thought of as a bastion of change, is actually quietly evolving beyond the traditional “one-size-fits-all” business. Some of the puzzle pieces that make up homeowners insurance are changing shape and new pieces that address …

QBE Enhances Equipment Breakdown Coverage to Address New Technologies

QBE North America, an operating division of QBE Insurance Group, has enhanced its equipment breakdown coverage with equipment breakdown and technology insurance to cover losses resulting from microelectronic failures. Microelectronics, with circuitry thousands of times smaller than a human hair, …

General Star Management Adds Title Agents E&O Program

General Star Management Co. has launched a new E&O program for title agents. Available in all jurisdictions except for Alaska, Hawaii, Louisiana, and West Virginia, the program is offered through American Insurance Professional LLC, of Phoenix, the sole program administrator …

Farmers Launches Rideshare Insurance Coverage in Georgia

Farmers Insurance has introduced new rideshare insurance coverage for drivers in Georgia. According to Mariel Devesa, head of product innovation for Farmers Insurance, the coverage is available to ridesharing drivers as part of their Farmers personal auto insurance policies. Farmers …

The Hartford Launches Energy Practice, Taps Zurich’s Pena to Lead

The Hartford has launched a dedicated energy practice to provide specialized underwriting, insurance coverage and risk management services for energy companies. To help lead the company’s overall strategy for the energy industry, The Hartford has named Ric Pena vice president …

Berkley FinSecure Adds Cyber Breach Services to Management Liability Policies

Berkley FinSecure, a W. R. Berkley Company, has enhanced its management liability coverage for policyholders with the electronic banking option to include access to CYBER Carry*Thru, powered by NetDiligence. CYBER Carry*Thru is a private mobile-friendly portal containing information and technical …