Markets/Coverages News

AIG Offers Loss Control for Corporate Aerospace Customers

American International Group Inc. (AIG) has partnered with Wyvern Consulting, an aviation risk management and safety auditing firm, to launch AirGuard safety and loss control services designed to address safety and regulatory risks faced by corporate flight departments, commercial air …

Lloyd’s, Specialty Insurance Advisors Offer Ebola Coverage for First Responders

Lloyd’s of London is offering Ebola coverage for first responders through its U.S. distributor, Specialty Insurance Advisors, as an added benefit to its pre-existing Needle Stick and Workplace Violence coverage. The cover will protect healthcare and law enforcement workers in …

Marsh Previews Risk Management-Analytics Software

STARS, a business unit of Marsh that provides risk, safety, and claims management software, analytics and services, previewed STARS | ONE, an alpha version of its next-generation risk management platform to 350 global customers and partners at its recent annual …

Biggest Obstacle to Cyber Insurance Sales Is Customer Education

The biggest challenge in selling cyber insurance is educating businesses about the need for cyber coverage, according to a new survey. The survey of insurance professionals found that among carriers offering cyber insurance, 40 percent say businesses don’t think they …

XL Expands Recreational Marine Business with 3 Programs

XL Group has launched three tailored marine insurance programs to protect boaters, marinas and vessels, adding to its recreational marine insurance portfolio. The new recreational marine liability insurance coverages include: Boat Dealers Coverage Solutions: To provide property insurance coverage for …

Aon Hotline Supports Clients Affected by Recall or Contamination Crisis

Aon Risk Solutions and the Aon WorldAware Operations Center have together launched the Aon Re-Call Crisis Center, a new feature to support business clients affected by a recall or contamination crisis. The hotline is designed to provide policy owners with …

RLI Launches Healthcare Liability Division

Specialty insurer RLI Corp. of Peoria, Ill., has launched a new healthcare liability unit, RLI Healthcare, and tapped Scott Ducey, former vice president of the healthcare division at Torus, to lead the new division as vice president. RLI Healthcare will …

Freedom Specialty, Pro-Praxis Unite for Healthcare Professional Liability

Freedom Specialty, an arm of Scottsdale Insurance Co., is partnering with healthcare underwriter Pro-Praxis, part of the Cooper Gay Swett & Crawford Group, for a specialized excess healthcare professional liability program. The Complex Healthcare program is available immediately and can …

Progressive Announces New Boat Coverages in Florida

The Progressive Group of Insurance Cos., which insures more than one million watercrafts nationwide, has launched a line of new boating coverage options targeting Florida’s large population of boating enthusiasts. The Mayfield Village, Ohio-based company noted data from the National …

Starr Launches Cyber Security & Privacy Risk Response on a Primary Basis

Starr Companies has launched Security & Privacy Risk Response, a cyber insurance offering that contains coverage for both first- and third-party costs. It is available on a primary basis and supplements Starr’s existing excess cyber insurance capabilities. The product covers …