Insurance Journal » Markets/Coverages http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Mon, 30 Mar 2015 10:11:58 +0000 en-US hourly 1 http://wordpress.org/?v=4.1.1 Premiums, Claims Severity on Rise in Architects & Engineers Market: Survey http://www.insurancejournal.com/news/national/2015/03/27/362384.htm Fri, 27 Mar 2015 16:31:20 +0000 http://www.insurancejournal.com/?p=362384 For the third consecutive year, most insurers providing professional liability insurance for architects and engineers saw their premium rates increase modestly in 2014, as expectations of larger rate hikes were tempered by steady competition. A new survey by insurance broker …

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Vantage Agora Launches Loss Analysis Tool for Brokers/Wholesalers http://www.insurancejournal.com/news/national/2015/03/26/362211.htm Thu, 26 Mar 2015 16:05:30 +0000 http://www.insurancejournal.com/?p=362211 Insurance process provider Vantage Agora has released a new loss-analysis web application that gives insurance brokers, program managers and managing general agents the ability to view and analyze consolidated data on claims losses for clients and prospects. The application is …

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The Hartford Launches Customizable Coverage For Educational Institutions http://www.insurancejournal.com/news/national/2015/03/25/362018.htm Wed, 25 Mar 2015 05:21:17 +0000 http://www.insurancejournal.com/?p=362018 The Hartford has launched Educators Professional Choice to give educational institutions the ability to customize their liability coverage based on their needs. The package of management and professional liability coverages is designed specifically for private schools, colleges and universities. “Protecting …

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CNA Launches Quote Advantage for Small Business Segment http://www.insurancejournal.com/news/national/2015/03/24/361873.htm Tue, 24 Mar 2015 16:23:54 +0000 http://www.insurancejournal.com/?p=361873 CNA has launched Quote Advantage to give agents access to a quicker way of quoting CNA Connect, the company’s flagship business owners’ policy. The new quoting experience is available for nearly 200 focus classes of business via one input screen. Quote …

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Main Street America Now Writing Surety, Fidelity Bonds in Mississippi http://www.insurancejournal.com/news/southeast/2015/03/24/361809.htm Tue, 24 Mar 2015 05:11:03 +0000 http://www.insurancejournal.com/?p=361809 The Main Street America Group has received regulatory approval from the State of Mississippi Insurance Department to write commercial surety and fidelity bonds in the state, which will be underwritten through the company’s NGM Insurance Co. Brian Beggs, vice president …

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StartPoint Adds $25M in Capacity for U.S. D&O Market http://www.insurancejournal.com/news/national/2015/03/23/361737.htm Mon, 23 Mar 2015 16:49:05 +0000 http://www.insurancejournal.com/?p=361737 Managing general agency StartPoint has added $25 million in new capacity for the U.S. directors & officers (D&O) insurance marketplace. The complete amount of the capacity is provided by certain syndicates at Lloyd’s (A+ rated by S&P) and is written …

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Crestbrook to Offer Wildfire Mitigation for High Value Homeowners http://www.insurancejournal.com/news/national/2015/03/20/361350.htm Fri, 20 Mar 2015 08:00:18 +0000 http://www.insurancejournal.com/?p=361350 Crestbrook Insurance Co., an affluent market personal lines carrier, has launched Crestbrook Wildfire Solution Program in collaboration with Wildfire Defense Systems (WDS), an insurance wildfire loss prevention and response company. The Wildfire Solutions program offers Crestbrook’s homeowners policyholders access to …

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ACE Enhances Pollution Liability Portfolio Coverages http://www.insurancejournal.com/news/national/2015/03/19/360986.htm Thu, 19 Mar 2015 10:00:01 +0000 http://www.insurancejournal.com/?p=360986 ACE Group has enhanced its premises pollution liability (PPL) and premises pollution liability portfolio (PPL Port) insurance policies to provide additional coverages for environmental day-to-day operational exposures faced by both domestic and multinational businesses. Additionally, the enhanced PPL and PPL …

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CoreLogic Releases Property Risk Assessment Platform http://www.insurancejournal.com/news/national/2015/03/18/360981.htm Wed, 18 Mar 2015 15:50:22 +0000 http://www.insurancejournal.com/?p=360981 CoreLogic, a global property information, analytics and data-enabled services provider, has released RCT Express 4.2, an expanded property risk assessment platform offering the insurance industry a fully-integrated and complete view of property risk that includes comprehensive building and contents valuation …

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K&K Lowers Rates for Private School Student Accident Coverage http://www.insurancejournal.com/news/national/2015/03/18/360961.htm Wed, 18 Mar 2015 15:28:23 +0000 http://www.insurancejournal.com/?p=360961 K&K Insurance Group, Inc., a subsidiary of Aon plc, has lowered its rates for student accident coverage designed for private non-boarding K-12 schools. K&K’s private school student accident program provides coverage for all students participating in activities under the supervision …

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CFC Launches Two New Contingency Insurance Products http://www.insurancejournal.com/news/national/2015/03/16/360651.htm Mon, 16 Mar 2015 16:53:06 +0000 http://www.insurancejournal.com/?p=360651 Specialist lines underwriting agency, CFC Underwriting, has launched prize indemnity and over-redemption policy products. The new coverages come from CFC’s recently established contingency team and follow the appointment of Matt Helm as Contingency Practice leader last year. “Prize competitions and …

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Palomar, TriCoast Insurance Launch Windstorm-Hurricane Product in Hawaii http://www.insurancejournal.com/news/west/2015/03/13/360495.htm Fri, 13 Mar 2015 16:34:59 +0000 http://www.insurancejournal.com/?p=360495 Palomar Specialty Insurance Co. has partnered with TriCoast Insurance Services, LLC to offer a residential windstorm-hurricane insurance product in Hawaii. The product is a stand-alone hurricane coverage that will be offered through local independent agents. Palomar’s stand-alone residential hurricane program …

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HCC Specialty Partners with Weather Analytics http://www.insurancejournal.com/news/national/2015/03/13/360467.htm Fri, 13 Mar 2015 15:40:53 +0000 http://www.insurancejournal.com/?p=360467 Specialty insurance underwriter HCC Specialty has formed a strategic alliance with Maryland-based Weather Analytics, a provider of precision climate, and weather data and analytics.  Through this strategic alliance, HCC Specialty will have access to historical and real-time global hourly data …

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TUMI Now a Lloyd’s Coverholder, Launches Auto Liability & Transportation Programs http://www.insurancejournal.com/news/national/2015/03/12/360262.htm Thu, 12 Mar 2015 15:16:26 +0000 http://www.insurancejournal.com/?p=360262 Trinity Underwriting Managers, Inc. (TUMI), a Georgia-based program administrator, is now an approved Lloyd’s Coverholder and recently began underwriting business on behalf of certain underwriters at Lloyd’s.  Available coverages include, but are not limited to: motor truck cargo, auto physical …

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Norman-Spencer Marine Launches TradeWinds Yacht Insurance Program http://www.insurancejournal.com/news/national/2015/03/10/360009.htm Tue, 10 Mar 2015 17:05:32 +0000 http://www.insurancejournal.com/?p=360009 The Norman-Spencer Agency, Inc.’s marine insurance services division has launched the TradeWinds Yacht Insurance Program. According to Paul Sexton, vice president of Norman-Spencer’s marine insurance services division, the addition of the new TradeWinds yacht program will drive Norman-Spencer’s growth in …

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Carfax Launches Online Crash Report Service http://www.insurancejournal.com/news/national/2015/03/06/359677.htm Fri, 06 Mar 2015 06:11:06 +0000 http://www.insurancejournal.com/?p=359677 Carfax has created a new online source – Crashdocs.org – to instantly access automobile accident reports from police departments. Through one online spot, crash reports are available from police departments across the U.S. and  from a rapidly growing number of …

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Argo Insurance Offers New Excess Casualty Facility http://www.insurancejournal.com/news/international/2015/03/06/359674.htm Fri, 06 Mar 2015 05:40:47 +0000 http://www.insurancejournal.com/?p=359674 Argo Insurance, the Bermuda-based platform for Argo Group International Holdings’ worldwide professional and casualty lines, has launched a new excess casualty facility. Effective immediately, the new offering provides an additional $25 million in limits for targeted industries. The new facility …

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XL Launches Primary Auto Product Line, Taps Miller to Lead http://www.insurancejournal.com/news/national/2015/03/05/359602.htm Thu, 05 Mar 2015 17:57:41 +0000 http://www.insurancejournal.com/?p=359602 XL Group’s excess & surplus (E&S) insurance is adding primary auto capabilities to its product line and has added Andrew Miller as underwriting manager to lead this business. According to John Goodloe, president of XL Group’s E&S business, the company …

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UCPM Environmental Launches Program for Indoor Air Quality, Mold Liability http://www.insurancejournal.com/news/national/2015/03/04/359408.htm Wed, 04 Mar 2015 17:58:46 +0000 http://www.insurancejournal.com/?p=359408 UCPM, Inc., an environmental insurance provider, has partnered with Great American Insurance Co. to offer the IAQ Advantage package for indoor air quality and mold liability coverage. This online program targets real estate locations including apartments, condos, hotels, offices, and …

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Specialty Insurance Group Increases Casualty Capacity to $25M http://www.insurancejournal.com/news/national/2015/03/04/359403.htm Wed, 04 Mar 2015 17:53:54 +0000 http://www.insurancejournal.com/?p=359403 Specialty Insurance Group (SIG) has increased its excess/umbrella coverage underwriting capacity to $25 million, an increase of $15 million. SIG provides specialty insurance programs in the sports, leisure and entertainment industries. According to SIG, an affiliate of Everest Re Group, …

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New ISO Cyber Endorsements for Small, Medium Businesses Now Available http://www.insurancejournal.com/news/national/2015/03/04/359274.htm Wed, 04 Mar 2015 14:59:15 +0000 http://www.insurancejournal.com/?p=359274 ISO’s new cyber insurance coverage options for small and midsize businesses became available March 1. The optional cyber endorsements are for use with the ISO Businessowners Program, a package policy used by insurers to provide broad property and liability coverage …

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MedMal Direct to Expand Through Liberty Mutual Partnership http://www.insurancejournal.com/news/southeast/2015/03/03/359069.htm Tue, 03 Mar 2015 05:17:17 +0000 http://www.insurancejournal.com/?p=359069 Jacksonville, Fla.-based MedMal Direct Insurance Co. formed a strategic alliance with Liberty International Underwriters (LIU), a division of Liberty Mutual Insurance, effective January 1, 2015. As a quota share reinsurer of MedMal Direct, Liberty Mutual will support MedMal Direct’s further …

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ACE Launches Pollution Liability Coverage for Agriculture Risks http://www.insurancejournal.com/news/national/2015/03/02/359013.htm Mon, 02 Mar 2015 17:57:43 +0000 http://www.insurancejournal.com/?p=359013 ACE Group has introduced a new agriculture premises pollution liability coverage that provides limited pollution liability protection in conjunction with ACE’s Agribusiness Commercial general liability policy. The expanded coverage offers commercial companies that process and distribute agricultural products with pollution-liability …

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Ariel Re Launches Ariel Specialty Insurance Managers http://www.insurancejournal.com/news/national/2015/02/27/358863.htm Fri, 27 Feb 2015 17:39:45 +0000 http://www.insurancejournal.com/?p=358863 Ariel Specialty will commence underwriting E&S property business on March 1st, 2015, with business being written through wholesale brokers only on a limited appointment basis and on behalf of Ariel’s Lloyd’s Syndicate 1910. The new E&S property underwriting unit underwriting …

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Aon Launches Maximum Protection Coverage for Directors & Officers http://www.insurancejournal.com/news/national/2015/02/25/358624.htm Wed, 25 Feb 2015 17:53:05 +0000 http://www.insurancejournal.com/?p=358624 Aon Risk Solutions, the global risk management business of Aon plc, has launched Maximum Protection D&O, which provides additional coverage to directors and officers when non-indemnifiable D&O limits are exhausted or do not respond. “One of the greatest risks for …

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Insurance Price Comparison Site Comparenow.com Becomes Compare.com http://www.insurancejournal.com/news/national/2015/02/24/358469.htm Tue, 24 Feb 2015 17:20:44 +0000 http://www.insurancejournal.com/?p=358469 Comparenow.com, an insurance price comparison website in the U.S., will now operate as compare.com, simplifying its name to better align with its services. The company, which has operated as comparenow.com since it launched in March 2013, felt its recent success …

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Ullico Increases Fiduciary Liability Limits to $25 Million http://www.insurancejournal.com/news/national/2015/02/23/358397.htm Mon, 23 Feb 2015 18:05:30 +0000 http://www.insurancejournal.com/?p=358397 Ullico Inc.’s property and casualty insurance subsidiary, Ullico Casualty Group, Inc., may offer up to $25 million in multiemployer fiduciary liability insurance in its program with Alterra America Insurance Co., a Markel company. The $10 million increase in coverage is …

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ACE Launches D&O, EPLI Product for Community Associations http://www.insurancejournal.com/news/national/2015/02/19/358093.htm Thu, 19 Feb 2015 17:42:16 +0000 http://www.insurancejournal.com/?p=358093 ACE Commercial Risk Services, has launched new community associations directors & officers and employment practices liability insurance products. This coverage provides liability protections for homeowner, condominium and retail community associations. “In today’s increasingly litigious environment, community associations and their board …

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Florida’s Tower Hill Prime Now Writing Commercial Lines Products in the State http://www.insurancejournal.com/news/southeast/2015/02/19/358077.htm Thu, 19 Feb 2015 16:58:47 +0000 http://www.insurancejournal.com/?p=358077 Tower Hill Insurance Group has made its commercial lines products available to Florida businesses through Tower Hill Prime Insurance Co. Tower Hill Prime is an admitted property and casualty carrier headquartered in Gainesville, Fla. Previously, only personal lines products were …

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Glatfelter’s VFIS Enhances Coverage for Emergency Services Organizations http://www.insurancejournal.com/news/national/2015/02/18/357768.htm Wed, 18 Feb 2015 17:53:37 +0000 http://www.insurancejournal.com/?p=357768 VFIS, a provider of insurance, education and consulting services to emergency service organizations and a specialty program of Glatfelter Program Managers, has introduced coverage enhancements to both its property & casualty and accident & sickness benefits coverage. VFIS target classes …

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