Markets/Coverages News

Beazley Launches Risk Management Website for Breach Response Policyholders

Beazley has launched of a new risk management website for Beazley Breach Response (BBR) policyholders. The site offers tools and resources to help insureds prepare for and respond to a data breach and minimize reputational risk. In 2012, Beazley formed …

IronHealth Launches Provider Protection for Bundled Payment Contracts

IronHealth, the specialty healthcare unit of Ironshore Inc., has introduced a program to protect healthcare providers from the financial risks associated with bundled payment contracts. The Centers for Medicare and Medicaid Services (CMS), as well as commercial payors and self-funded …

American Family Launches Coverage for Ridesharing Drivers in Colorado

American Family Insurance has introduced a new transportation network company insurance coverage in the state of Colorado, designed to meet the needs of customers who are independent contractors for transportation network companies such as Uber or Lyft. These ridesharing services, …

National Flood Services Launches Private Flood Product Suite

National Flood Services, a division of Affinity Insurance Services, has introduced a line of private flood insurance products that will be delivered via the FloodChoice agent system. The new products offer options for consumers and insurance agents. According to John …

Berkley Crime Launches New Investment Company Policy

Berkley Crime, a division of Berkley FinSecure, a W. R. Berkley company, has launched a new Investment Company Policy (ICP). The ICP is specifically designed to provide crime-related insurance coverage for registered management investment companies and mutual funds. Coverage under …

The Hanover Enhances General Liability, Umbrella Coverages for Business Clients

The Hanover Insurance Group, Inc. has launched an enhanced suite of general liability and umbrella coverage offerings for independent insurance agents to offer their business clients. These product enhancements include industry-specific and specialized coverage endorsements that can further extend coverage. …

Beazley Launches Enhanced Management, Cyber Liability Policy for Law Firms

Beazley has launched “Beazley Practice Protect,” an enhanced management liability policy for law firms, designed to confront a rapidly evolving market for counsel and legal services. Beazley Practice Protect covers both law firm partners and non-partner officers such as CEOs …

Willis Re Launches $400M Reinsurance Facility to Cover Catastrophic Liabilities

Willis Re, the reinsurance division of Willis Group Holdings plc, has established a syndicated reinsurance facility providing the broadest protection available for insurers against catastrophic and systemic loss accumulations arising from liability portfolios. Named PRIMO, the facility responds to increasing …

NORCAL Expands Medical Professional Liability Coverage to Oregon

NORCAL Mutual Insurance Co., a medical professional liability insurance provider, is now offering coverage to physicians and healthcare professionals in Oregon with protection for certain data breaches, cyber liability and risks related to administrative activities, as part of its strategic …

CNA Launches Admitted Product Liability Policy for Life Sciences

CNA has launched a new admitted product liability policy offering for the life sciences market. This product launch makes CNA one of only a handful of carriers to offer life sciences companies an admitted and non-admitted coverage option for their …