Insurance Journal » Markets/Coverages http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 31 Oct 2014 21:33:02 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 The Hartford Offers Safety Rewards, Discounts for Commercial Auto http://www.insurancejournal.com/news/national/2014/10/31/344344.htm Fri, 31 Oct 2014 11:00:01 +0000 http://www.insurancejournal.com/?p=344344 The Hartford is offering small and midsize businesses the opportunity to receive commercial auto insurance premium discounts and rewards for safety. The company has also expanded its quoting system for agents and brokers to include small commercial auto coverage. The …

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AIG Offers Loss Control for Corporate Aerospace Customers http://www.insurancejournal.com/news/national/2014/10/30/344127.htm Thu, 30 Oct 2014 12:15:24 +0000 http://www.insurancejournal.com/?p=344127 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 …

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Lloyd’s, Specialty Insurance Advisors Offer Ebola Coverage for First Responders http://www.insurancejournal.com/news/national/2014/10/29/344921.htm Wed, 29 Oct 2014 10:30:56 +0000 http://www.insurancejournal.com/?p=344921 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 …

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Marsh Previews Risk Management-Analytics Software http://www.insurancejournal.com/news/national/2014/10/29/344139.htm Wed, 29 Oct 2014 10:15:39 +0000 http://www.insurancejournal.com/?p=344139 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 …

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Biggest Obstacle to Cyber Insurance Sales Is Customer Education http://www.insurancejournal.com/news/national/2014/10/28/345044.htm Tue, 28 Oct 2014 21:31:03 +0000 http://www.insurancejournal.com/?p=345044 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 …

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XL Expands Recreational Marine Business with 3 Programs http://www.insurancejournal.com/news/national/2014/10/28/344618.htm Tue, 28 Oct 2014 12:50:51 +0000 http://www.insurancejournal.com/?p=344618 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 …

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Aon Hotline Supports Clients Affected by Recall or Contamination Crisis http://www.insurancejournal.com/news/international/2014/10/28/344147.htm Tue, 28 Oct 2014 12:30:53 +0000 http://www.insurancejournal.com/?p=344147 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 …

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RLI Launches Healthcare Liability Division http://www.insurancejournal.com/news/midwest/2014/10/23/344292.htm Fri, 24 Oct 2014 02:22:28 +0000 http://www.insurancejournal.com/?p=344292 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 …

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Freedom Specialty, Pro-Praxis Unite for Healthcare Professional Liability http://www.insurancejournal.com/news/national/2014/10/23/344263.htm Thu, 23 Oct 2014 23:00:53 +0000 http://www.insurancejournal.com/?p=344263 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 …

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Progressive Announces New Boat Coverages in Florida http://www.insurancejournal.com/news/southeast/2014/10/22/344309.htm Wed, 22 Oct 2014 10:30:54 +0000 http://www.insurancejournal.com/?p=344309 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 …

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Starr Launches Cyber Security & Privacy Risk Response on a Primary Basis http://www.insurancejournal.com/news/national/2014/10/22/344312.htm Wed, 22 Oct 2014 10:05:44 +0000 http://www.insurancejournal.com/?p=344312 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 …

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SterlingRisk Insurance Launches Aircraft Business Income Cover http://www.insurancejournal.com/news/national/2014/10/21/343753.htm Tue, 21 Oct 2014 13:00:02 +0000 http://www.insurancejournal.com/?p=343753 SterlingRisk Insurance, a privately-owned brokerage based in Woodbury, N.Y., has launched aircraft business income coverage designed for both the aircraft owner and operator to protect their expected charter revenue from loss due to unscheduled maintenance and cancelled flights. The product …

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Aon Activates Ebola Response Task Force, Launches Ebola Response Room http://www.insurancejournal.com/news/national/2014/10/21/344150.htm Tue, 21 Oct 2014 12:07:14 +0000 http://www.insurancejournal.com/?p=344150 Aon plc has activated the Aon Ebola Response Task Force, a team comprised of risk and health professionals worldwide, to monitor the current Ebola outbreak and provide guidance to clients directly and through its newly created Aon Ebola Response Room. …

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Vlocity Debuts Salesforce Cloud App for Insurance Industry http://www.insurancejournal.com/news/national/2014/10/21/343773.htm Tue, 21 Oct 2014 09:00:50 +0000 http://www.insurancejournal.com/?p=343773 San Francisco-based cloud software firm Vlocity has launched an app designed for the  insurance industry. The new Vlocity industry app allows large enterprise and medium-size businesses to connect with their customers, partners and employees in a manner consistent with the …

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Berkley FinSecure Forms Berkley Crime Unit http://www.insurancejournal.com/news/national/2014/10/20/343776.htm Mon, 20 Oct 2014 12:00:52 +0000 http://www.insurancejournal.com/?p=343776 Berkley FinSecure, a W .R. Berkley company based in Towson, Md., has launched Berkley Crime, an operating unit focused solely on offering  crime-related insurance products. The crime underwriting team of Berkley FinSecure, which was originally established in 2008 as part …

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Swiss Re Offers Food, Drink Protection for UK, Ireland, Italy http://www.insurancejournal.com/news/international/2014/10/20/343716.htm Mon, 20 Oct 2014 12:00:42 +0000 http://www.insurancejournal.com/?p=343716 Swiss Re Corporate Solutions has partnered with UK-based crisis management consultancy The RQA Group to launch comprehensive Contaminated Products Insurance for the food and drink industry in the United Kingdom, Ireland and Italy. The cover offers protection in both the …

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NAS Insurance Services Introduces Regulatory Business Interruption Ebola Coverage http://www.insurancejournal.com/news/west/2014/10/20/343706.htm Mon, 20 Oct 2014 10:00:12 +0000 http://www.insurancejournal.com/?p=343706 Encino, Calif.-based NAS Insurance Services, a full-service specialty insurance underwriting manager, has partnered with Prospect Insurance Brokers Ltd. and Ark Specialty Programs of Lloyd’s of London to launch an insurance program for businesses facing the threat of Ebola-related closure. Regulatory …

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Willis Launches Disease Response Center Hub for Ebola Preparedness http://www.insurancejournal.com/news/national/2014/10/17/343744.htm Fri, 17 Oct 2014 15:06:25 +0000 http://www.insurancejournal.com/?p=343744 Willis Group Holdings has launched a Disease Response Center microsite on its web page to help business clients prepare their workplaces against the threat of Ebola. The portal features content from a variety of official resources, including the Centers for …

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V3 Insurance Offers Enhanced Auto Dealers Coverage in Western States http://www.insurancejournal.com/news/west/2014/10/17/343759.htm Fri, 17 Oct 2014 15:00:38 +0000 http://www.insurancejournal.com/?p=343759 V3 Insurance Partners LLC of Newtown, Pa. has launched the V3 Dealer V₃antage program for non-franchised auto, truck and RV dealers. The program features garage liability, garage keeper’s liability, dealer’s open lot insurance, property, inland marine and crime cover. The …

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William Gallagher, Miller Insurance Offer Ebola Business Interruption Cover http://www.insurancejournal.com/news/national/2014/10/17/343864.htm Fri, 17 Oct 2014 14:47:02 +0000 http://www.insurancejournal.com/?p=343864 Retail insurance broker William Gallagher Associates of Boston and Miller Insurance Services, a London-based independent specialist insurance broker, have partnered to launch Pandemic Disease Business Interruption Insurance to respond to loss of income arising directly out of shutdowns of healthcare …

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XL Group Adds Kidnap, Ransom & Extortion to Yacht Insurance http://www.insurancejournal.com/news/national/2014/10/15/342809.htm Wed, 15 Oct 2014 13:00:54 +0000 http://www.insurancejournal.com/?p=342809 XL Group is adding a Kidnap, Ransom & Extortion Crisis (KRE) endorsement to its existing ShipShape and ShipShape Plus recreational marine insurance coverages, with limits up to $50 million. Under the new endorsement, yachts insured by ShipShape can choose liability …

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All Trans Risk, Fireman’s Fund Target Para-Transit Industry http://www.insurancejournal.com/news/national/2014/10/14/343135.htm Tue, 14 Oct 2014 10:00:04 +0000 http://www.insurancejournal.com/?p=343135 All Trans Risk Solutions and Fireman’s Fund Insurance Co. have launched AllParaPro, a specialty insurance product targeting the underserved non-emergency medical transportation company sector. In a statement, CEO Robert G. Lull for the Mahwah, N.J.-based All Trans noted that operators …

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Is Ebola Compensable Under Workers’ Compensation? http://www.insurancejournal.com/news/national/2014/10/10/343250.htm Fri, 10 Oct 2014 15:47:39 +0000 http://www.insurancejournal.com/?p=343250 Two tests must be satisfied before an illness or disease can be considered occupational and thus compensable under workers’ compensation. First, the illness or disease must be “occupational,” meaning that it arose out of the course and scope of employment. …

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Abacus Brokers, Golden Bear Launch Online Earthquake Program http://www.insurancejournal.com/news/west/2014/10/09/343095.htm Fri, 10 Oct 2014 01:30:01 +0000 http://www.insurancejournal.com/?p=343095 Abacus Insurance Brokers Inc., a Los Angeles-based program manager that distributes specialty insurance products online, has partnered with Golden Bear Insurance Co. for its new online residential earthquake program. The program enables a homeowner to select from a variety of …

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Insurance Noodle Launches New Facility for Salon & Spa Services Risks http://www.insurancejournal.com/news/national/2014/10/09/342673.htm Fri, 10 Oct 2014 01:00:18 +0000 http://www.insurancejournal.com/?p=342673 Chicago-based Insurance Noodle has launched an integrated facility for spas and salons, offering access to multiple carriers through a single insurance application. The service promises agents they can simultaneously market their salon and spa services risks to all available carriers …

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NFL Teams with Petersen International on Disability Program http://www.insurancejournal.com/news/west/2014/10/09/343149.htm Thu, 09 Oct 2014 16:52:23 +0000 http://www.insurancejournal.com/?p=343149 The National Football League Players Association (NFLPA) has launched a new disability insurance program for its members, created and administered by Valencia, Calif.-based Petersen International Underwriters. The program will provide NFLPA members experiencing career-ending, permanent total disability with insurance on …

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AIG Boosts Railroad Excess Liability Coverage to $1 Billion http://www.insurancejournal.com/news/national/2014/10/09/343131.htm Thu, 09 Oct 2014 13:35:09 +0000 http://www.insurancejournal.com/?p=343131 American International Group Inc., the largest commercial insurer in the U.S. and Canada, introduced a policy to help railroads handle losses from catastrophic accidents as more crude oil is shipped by trains. The insurer is offering $1 billion per occurrence …

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Berkshire Hathaway Specialty Offers Fiduciary Liability Product http://www.insurancejournal.com/news/national/2014/10/09/342831.htm Thu, 09 Oct 2014 11:00:48 +0000 http://www.insurancejournal.com/?p=342831 Boston-based Berkshire Hathaway Specialty Insurance (BHSI) has launched Executive First Fiduciary Liability Insurance, a new addition to its Executive First suite of executive liability insurance products offering customizable coverage for commercial and financial firms. The product will provide enhanced protection …

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Marijuana and Workers’ Compensation on Industry’s Watch List http://www.insurancejournal.com/news/national/2014/10/03/342650.htm Fri, 03 Oct 2014 16:41:09 +0000 http://www.insurancejournal.com/?p=342650 Editor’s Note: This is the third in a series of articles on the the marijuana insurance industry. Upcoming stories will include reports on potential changes to federal laws, and regional reports on how medical marijuana is impacting insurance in states …

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Washington State Entrepreneurs Stake Their Claim in Marijuana ‘Green Rush’ http://www.insurancejournal.com/news/national/2014/10/02/342482.htm Thu, 02 Oct 2014 16:09:24 +0000 http://www.insurancejournal.com/?p=342482 Editor’s Note: This is the second in a series of articles on the the marijuana insurance industry to appear on InsuranceJournal.com. Upcoming stories will include reports on how medical marijuana could affect the workers’ compensation market, potential changes to federal …

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