Insurance Journal » Markets/Coverages http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Tue, 29 Jul 2014 22:27:43 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.1 Berkshire Hathaway GUARD Adds BOP Product in Illinois http://www.insurancejournal.com/news/midwest/2014/07/29/336036.htm Tue, 29 Jul 2014 15:17:39 +0000 http://www.insurancejournal.com/?p=336036 Berkshire Hathaway GUARD Insurance Companies (formerly known as GUARD Insurance Group) has begun offering businessowner’s policy (BOP) and umbrella coverage in Illinois.  The company already has an established presence in the state with workers’ compensation premium totaling about $10.5 million …

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Energi, HDI-Gerling America Extend Partnership for the U.S. Energy Industry http://www.insurancejournal.com/news/national/2014/07/29/336033.htm Tue, 29 Jul 2014 15:11:35 +0000 http://www.insurancejournal.com/?p=336033 Energi and HDI-Gerling America have entered into a multi-year agreement to extend their risk management and insurance programs to certain segments of the United States downstream, midstream and upstream energy markets. Energi provides distribution management, underwriting, policyholder services and loss control/engineering, while HDI-Gerling …

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Berkshire Specialty Enters Fiduciary Liability Segment, Hires Prussack as VP http://www.insurancejournal.com/news/national/2014/07/28/335964.htm Mon, 28 Jul 2014 16:49:06 +0000 http://www.insurancejournal.com/?p=335964 Berkshire Hathaway Specialty Insurance (BHSI) has entered the fiduciary liability market and named Rhonda Prussack as vice president, Fiduciary Liability, to lead the effort. According to Dan Fortin, senior vice president, Executive and Professional Lines, BHSI, Prussack will work with …

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Ascent Increases U.S. Medical Billings E&O Limits, Adds Reputational Harm Cover http://www.insurancejournal.com/news/national/2014/07/24/335662.htm Thu, 24 Jul 2014 05:01:48 +0000 http://www.insurancejournal.com/?p=335662 Ascent Underwriting, a managing general agent (MGA) specializing in emerging and professional risks, has enhanced its CyberPro medical billings errors and omissions product and increased limit availability to $5 million. The insurance product was launched at the end of last …

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Liberty Mutual Launches Towing Program Through Trinity Transportation Services http://www.insurancejournal.com/news/national/2014/07/23/335615.htm Wed, 23 Jul 2014 16:58:43 +0000 http://www.insurancejournal.com/?p=335615 Liberty Mutual Insurance, through its program administrator Trinity Transportation Services, LLC, is now offering coverage for towing companies. The Liberty Mutual Trinity Towing Program offers commercial auto, general liability, property, inland marine and excess/umbrella coverages for towing operations and vehicles. …

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Chief Executive Insurance Services Launches Personal Director’s Liability Coverage http://www.insurancejournal.com/news/national/2014/07/18/335180.htm Fri, 18 Jul 2014 04:51:47 +0000 http://www.insurancejournal.com/?p=335180 Chief Executive Insurance Services has launched an enhanced personal director’s liability (PDL) policy. Coverage is available to members of Chief Executive Group and their spouses, as well as non-members through agents and brokers. This enhanced PDL policy, issued in the …

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Aon Launches Custom Liability Product for Railroad Industry http://www.insurancejournal.com/news/national/2014/07/17/334874.htm Thu, 17 Jul 2014 04:37:27 +0000 http://www.insurancejournal.com/?p=334874 Aon Risk Solutions, the global risk management business of Aon plc, has launched a new product designed to support the railroad industry, including Class I railroads. Called the Cantilever Excess Pollution Liability product, this new offering addresses the railroad industry’s …

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Getting a Grip on Ridesharing Coverage http://www.insurancejournal.com/news/national/2014/07/17/334665.htm Thu, 17 Jul 2014 04:00:03 +0000 http://www.insurancejournal.com/?p=334665 Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation, and start-up ridesharing companies have been cropping up everywhere trying to ride the heels of the success experienced …

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CFC Underwriting Launches Intellectual Property Product http://www.insurancejournal.com/news/national/2014/07/16/334826.htm Wed, 16 Jul 2014 16:51:22 +0000 http://www.insurancejournal.com/?p=334826 Specialist lines underwriting agency CFC has launched an intellectual property product focused on small and medium sized companies. The product can cover the costs associated with a number of intellectual property exposures including infringement. According to Erik Alsegard, Intellectual Property …

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MGIS, Stevens & Lee Launch Malpractice Program for Bariatric Surgeons http://www.insurancejournal.com/news/national/2014/07/14/334513.htm Mon, 14 Jul 2014 16:59:21 +0000 http://www.insurancejournal.com/?p=334513 The MGIS Companies and Stevens & Lee have launched Surgi-Protect, a malpractice insurance program designed specifically for bariatric surgeons and their specific practices. With more than 35 percent of Americans suffering from obesity, which was declared a disease by the …

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UFG Launches New Equipment Sales, Rental Product http://www.insurancejournal.com/news/national/2014/07/11/334394.htm Fri, 11 Jul 2014 16:59:20 +0000 http://www.insurancejournal.com/?p=334394 United Fire Group (UFG) has launched a new equipment sales and rental (ESR) product for agricultural; lawn and garden; industrial, construction or material handling equipment dealers. Using an AAIS product as its foundation, UFG developed several coverage enhancements, including: GAP …

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ITC Expands Comparative Rating System, TurboRater, to Nevada http://www.insurancejournal.com/news/west/2014/07/11/334390.htm Fri, 11 Jul 2014 16:50:43 +0000 http://www.insurancejournal.com/?p=334390 Insurance Technologies Corporation (ITC), a provider of marketing, rating and management software and services, has expanded its comparative rating system TurboRater with its release of automated insurance rating information for personal lines insurance in Nevada. The insurance carriers available today …

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New Specialty Insurance Group to Target Sports, Entertainment Markets http://www.insurancejournal.com/news/national/2014/07/10/334236.htm Thu, 10 Jul 2014 15:51:29 +0000 http://www.insurancejournal.com/?p=334236 Specialty Insurance Group (SIG) has been launched by three specialty and risk insurance veterans, Greg Mosher, David Harris and Lowery Robinson, to provide custom programs for the needs of the sports, leisure and entertainment markets. The SIG team’s product portfolio …

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Lighthouse Property Insurance Launches Dwelling Fire Product in South Carolina http://www.insurancejournal.com/news/southeast/2014/07/10/334226.htm Thu, 10 Jul 2014 15:31:54 +0000 http://www.insurancejournal.com/?p=334226 Owners of South Carolina rental properties have the option of insuring their residences through Lighthouse Property Insurance Corp. beginning July 14. The coverage is available for rental residence or an owner-occupied home. Optional personal liability coverage and the ability to …

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K&K Launches New Venue, Facilities Program http://www.insurancejournal.com/news/national/2014/07/09/334146.htm Wed, 09 Jul 2014 16:51:26 +0000 http://www.insurancejournal.com/?p=334146 K&K Insurance Group, Inc., a subsidiary of Aon plc has launched a program with enhanced coverage options for venues and other facilities. The venues program provides coverage for facilities, arenas, amphitheaters, auditoriums, civic centers, coliseums, convention centers, movie theaters, music …

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Home Emergency Insurance Solutions Relaunches Home Protection Plans in California http://www.insurancejournal.com/news/west/2014/07/03/333822.htm Thu, 03 Jul 2014 17:00:09 +0000 http://www.insurancejournal.com/?p=333822 HomeServe USA’s subsidiary Home Emergency Insurance Solutions (HEIS), is relaunching its optional Water Service Line Insurance plans as home protection plans to more than 425,000 households across the state of California. A mailing outlining the new benefits of the Plans …

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MAPFRE Insurance Enters Pennsylvania Auto, Home Insurance Market http://www.insurancejournal.com/news/east/2014/07/03/333812.htm Thu, 03 Jul 2014 16:52:10 +0000 http://www.insurancejournal.com/?p=333812 MAPFRE Insurance has entered the Pennsylvania insurance market. MAPFRE’s operations in Pennsylvania will be headquartered in King of Prussia and the company will offer private passenger automobile and homeowners insurance to customers through its network of independent agents. MAPFRE’s launch …

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Markel Now Underwriting Trade Credit Insurance in U.S. http://www.insurancejournal.com/news/national/2014/07/02/333666.htm Wed, 02 Jul 2014 16:43:41 +0000 http://www.insurancejournal.com/?p=333666 Markel Corp. is now underwriting trade credit insurance in its New York office. Policies will be underwritten on an admitted basis, utilizing two Markel insurance companies, Markel American Insurance Co. and Markel Insurance Co. Products may not be available in …

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ACE Expands Life Sciences Coverage through Wholesale Division http://www.insurancejournal.com/news/national/2014/07/01/333385.htm Tue, 01 Jul 2014 16:57:29 +0000 http://www.insurancejournal.com/?p=333385 ACE Group has expanded its suite of products developed to address the needs of U.S.-based life sciences companies through its wholesale-focused business, ACE Westchester Professional Risk. The ACE Westchester Professional Risk Life Sciences policy addresses the exposures faced by life …

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K&K Insurance Launches Resort Program http://www.insurancejournal.com/news/national/2014/06/30/333286.htm Mon, 30 Jun 2014 16:50:32 +0000 http://www.insurancejournal.com/?p=333286 K&K Insurance Group, Inc., a subsidiary of Aon plc, has launched a new program created specifically for destination and vacation resorts including guest ranches. This resort program is for operations that offer hotel, lodge or cabin rentals and include full …

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AIG Responds to Supreme Court ‘Fraud on the Market’ Ruling with D&O Endorsement http://www.insurancejournal.com/news/national/2014/06/27/333163.htm Fri, 27 Jun 2014 16:32:04 +0000 http://www.insurancejournal.com/?p=333163 American International Group, Inc. (AIG) insurers have introduced a new policy endorsement that ensures primary directors and officers (D&O) policy funds are immediately available to clients named as defendants in securities lawsuits for the preparation of “event studies.” The endorsement …

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Philadelphia Launches Commercial Excess Flood Coverage http://www.insurancejournal.com/news/national/2014/06/26/333052.htm Thu, 26 Jun 2014 16:49:16 +0000 http://www.insurancejournal.com/?p=333052 Philadelphia Insurance Cos. (PHLY) is now offering commercial excess flood coverage to complement its commercial primary flood product. PHLY’s new excess coverage competitively priced and available at limits higher than the National Flood Insurance Program (NFIP) for businesses. Through PHLY’s …

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Schinnerer Adds Private Company Management Liability Program http://www.insurancejournal.com/news/national/2014/06/25/332934.htm Wed, 25 Jun 2014 16:58:54 +0000 http://www.insurancejournal.com/?p=332934 Underwriting manager Victor O. Schinnerer & Co. has launched a private company management liability program. The private company program is offered to a range of eligible industries with up to $1 billion in total assets. The program, offered on admitted …

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Zurich Introduces Property Coverage for Cloud-Dependent Companies http://www.insurancejournal.com/news/national/2014/06/24/332802.htm Tue, 24 Jun 2014 16:22:54 +0000 http://www.insurancejournal.com/?p=332802 Zurich North America has introduced new property coverage for cloud-dependent, middle-market companies. As the new property coverage enhancement for companies is not location specific, Zurich now offers insurance coverage for the cyber risks of cloud computing as well as business …

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AssureStart Expands Online Small Business Insurance Sales to Three More States http://www.insurancejournal.com/news/national/2014/06/20/332603.htm Fri, 20 Jun 2014 17:00:00 +0000 http://www.insurancejournal.com/?p=332603 AssureStart, the technology startup that sells small business insurance coverage on the internet, has opened for business in Colorado, Missouri and Oregon with plans to expand into additional states this year. AssureStart serves small businesses with one to 30 employees. …

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Insurance Noodle Launches Integrated Small Contractors Facility http://www.insurancejournal.com/news/national/2014/06/19/332472.htm Thu, 19 Jun 2014 16:59:45 +0000 http://www.insurancejournal.com/?p=332472 Insurance Noodle has launched an integrated property and casualty facility for small contractors, bringing together several major carriers via a single access point. The program was designed to help agents working with contractors, such as handymen, landscapers and installers in  …

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Liberty Mutual Adds Data Compromise Coverage to Insurance Agent E&O Program http://www.insurancejournal.com/news/national/2014/06/18/332358.htm Wed, 18 Jun 2014 16:52:38 +0000 http://www.insurancejournal.com/?p=332358 Liberty Mutual Insurance has added data compromise coverage to its insurance agents errors & omissions (E &O) program. The endorsement carries an annual aggregate limit of $100,000 for response expenses and an additional $100,000 annual aggregate limit for defense and …

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AIG Launches Global Commercial Property Coverage for Mid-Market http://www.insurancejournal.com/news/international/2014/06/18/332350.htm Wed, 18 Jun 2014 16:42:31 +0000 http://www.insurancejournal.com/?p=332350 The American International Group, Inc. (AIG) insurers have launched a new line of multinational commercial property products and services, including expanded coverage, loss prevention engineering, and risk management solutions, for mid-sized businesses confronting global risk exposures. AIG’s Property Performance Series …

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K&K Launches New Program for Bowling Centers http://www.insurancejournal.com/news/national/2014/06/17/332213.htm Tue, 17 Jun 2014 15:51:35 +0000 http://www.insurancejournal.com/?p=332213 K&K Insurance Group, Inc., a subsidiary of Aon plc, has launched a new program with enhanced coverage options for bowling facilities. The bowling center program provides coverage for bowling operations and associated exposures, including arcade/video games, food concessions, liquor exposure, …

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ProSight Launches Gap Endorsement for TV Commercial Producer Wrap-Up Policies http://www.insurancejournal.com/news/east/2014/06/16/332081.htm Mon, 16 Jun 2014 15:26:17 +0000 http://www.insurancejournal.com/?p=332081 The ProSight Specialty Insurance group of companies has introduced a production policy endorsement designed to safeguard independent television commercial producers from potential losses not covered by a client’s wrap-up policy and transferred to the production company for its ProSight DICE …

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