Insurance Journal » Markets/Coverages http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Thu, 17 Apr 2014 17:01:45 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 Beazley Enhances Worldwide Breach Response Services http://www.insurancejournal.com/news/international/2014/04/16/326668.htm Thu, 17 Apr 2014 03:27:10 +0000 http://www.insurancejournal.com/?p=326668 Beazley has enhanced its Beazley Breach Response (BBR) product to include expanded privacy breach response services and broader coverage The enhancements, which will come standard on all future BBR policies, will also further improve Beazley insureds’ ability to respond to …

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Dovetail Insurance Expands Workers Comp Product to Five Additional States http://www.insurancejournal.com/news/national/2014/04/16/326661.htm Thu, 17 Apr 2014 03:14:44 +0000 http://www.insurancejournal.com/?p=326661 Dovetail Insurance, a supplier of cloud-based insurance product delivery services, has expanded its NetComp workers’ compensation insurance to independent agents in Virginia, and will also be adding Pennsylvania, Indiana, Michigan and Connecticut before the end of April.  As part of …

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RPX Launches Non-Practicing Entity Patent Litigation Insurance with Lloyd’s http://www.insurancejournal.com/news/national/2014/04/16/326537.htm Wed, 16 Apr 2014 17:09:02 +0000 http://www.insurancejournal.com/?p=326537 RPX Corp., a provider of patent risk management products, has launched a new insurance service for businesses facing patent infringement litigation with non-practicing entities (NPEs).  As a coverholder at Lloyd’s, RPX Insurance Services, LLC will provide marketing, underwriting, and claims …

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Great American Broadens Property Endorsement for Social Services http://www.insurancejournal.com/news/national/2014/04/16/326524.htm Wed, 16 Apr 2014 16:58:44 +0000 http://www.insurancejournal.com/?p=326524 Great American Insurance Group has enhanced its signature property broadening endorsement for human and social service organizations. The enhanced coverage, offered through its Specialty Human Services Division, is designed to protect an organization’s valuable property. A feature of the signature …

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Zurich Launches Risk Management Tool for Financial Institutions http://www.insurancejournal.com/news/national/2014/04/15/326343.htm Tue, 15 Apr 2014 16:46:34 +0000 http://www.insurancejournal.com/?p=326343 Zurich has launched a new Enterprise Risk Management (ERM) healthcheck assessment tool for financial institutions.  The tool was created to assist financial institutions in response to recent regulations making them more accountable for risk management. “The ERM Healthcheck helps financial …

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Ironshore Specialty Adds Product Recall to Crisis Management Coverage http://www.insurancejournal.com/news/national/2014/04/15/326326.htm Tue, 15 Apr 2014 16:37:50 +0000 http://www.insurancejournal.com/?p=326326 Ironshore Specialty Casualty, the specialty insurance unit of Ironshore Inc., has expanded its crisis management coverage to include a product recall enhancement for product manufacturers.  Ironshore’s “Crisis ThreeSixty” (with recall reimbursement expense) offers a crisis management feature to assist clients …

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Secure Settlements Launches Mortgage Settlement Insurance http://www.insurancejournal.com/news/national/2014/04/11/326103.htm Fri, 11 Apr 2014 16:32:50 +0000 http://www.insurancejournal.com/?p=326103 Secure Settlements, Inc. (SSI), a data intelligence and risk analytics company for the mortgage industry, has partnered with RFIB Group Ltd. and certain underwriters at Lloyd’s of London to offer a new product that will insure lenders utilizing SSI’s ClosingGuard …

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NAPCO Report: Prices Decreasing, Competition Increasing in P&C Space http://www.insurancejournal.com/news/national/2014/04/10/326001.htm Thu, 10 Apr 2014 17:00:01 +0000 http://www.insurancejournal.com/?p=326001 Insurers have become increasingly competitive and are reducing rates for most accounts as a result of low global insured catastrophe losses and added capacity from non-traditional market sources, according to wholesale insurance broker-NAPCO’s biannual State of the Market: NAPCO Property …

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ProSight Specialty, Tangram Insurance Launch Social Service Package Program http://www.insurancejournal.com/news/national/2014/04/10/325979.htm Thu, 10 Apr 2014 16:26:53 +0000 http://www.insurancejournal.com/?p=325979 ProSight Specialty Insurance and Tangram Insurance Services Inc. have added a package insurance product offering for the companies’ joint Community First Insurance Program serving social service organizations. The new package lines Community First coverage, which is also paired with a …

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Security First to Offer Ironshore’s Primary Flood for High-Value Properties in Florida http://www.insurancejournal.com/news/southeast/2014/04/09/325892.htm Wed, 09 Apr 2014 16:32:15 +0000 http://www.insurancejournal.com/?p=325892 Security First Managers, LLC, a Florida-based managing general agent for high value homeowners programs, is expanding the flood coverage it offers utilizing Ironshore insurance capacity. Security First Managers can now offer primary flood insurance of $500,000 to its customers, in …

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XL Group Launches K&R Coverage with Crisis Management Advisory Services http://www.insurancejournal.com/news/national/2014/04/08/325802.htm Tue, 08 Apr 2014 16:55:39 +0000 http://www.insurancejournal.com/?p=325802 XL Group has launched a kidnap, ransom & extortion (KRE) crisis policy that features a new agreement with risk consultancy, Terra Firma Risk Management LLP.  Through the agreement, XL Group’s new KRE coverage is accompanied by response capabilities and crisis …

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Century Risk Advisors Launches Professional Liability Division http://www.insurancejournal.com/news/national/2014/04/07/325682.htm Mon, 07 Apr 2014 16:45:20 +0000 http://www.insurancejournal.com/?p=325682 Century Risk Advisors (CRA), an independent brokerage and risk management agency, has launched a new Professional Practice Division that will specialize in creating risk management and insurance programs for law firms, accounting firms, and other professional practices.  The new division …

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Ironshore Personal Lines Adds Fine Arts, Valuables Endorsement http://www.insurancejournal.com/news/national/2014/04/07/325667.htm Mon, 07 Apr 2014 16:37:56 +0000 http://www.insurancejournal.com/?p=325667 Ironshore’s Personal Lines unit has expanded coverages available for high-net worth insured homeowners.  Ironshore clients can now obtain an endorsement for itemized fine art, jewelry, private collections, and other personal valuables.  Ironshore’s ‘personal articles floater’ is available to homeowner insureds …

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General Star Expands Coverage for Hazardous Specialty Training Operations http://www.insurancejournal.com/news/national/2014/04/04/325539.htm Fri, 04 Apr 2014 16:53:12 +0000 http://www.insurancejournal.com/?p=325539 General Star Management Co. has enhanced its coverage for specialty training operations and seeks those that are privately operated providing classroom or physically active training in which participants are engaged in physically demanding or hazardous activities. This includes light, moderate …

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Allied World U.S. Launches Coverage for Liability, Expenses of Privacy Breach http://www.insurancejournal.com/news/national/2014/04/03/325410.htm Thu, 03 Apr 2014 16:48:05 +0000 http://www.insurancejournal.com/?p=325410 Allied World U.S. has launched Privacy//403 SRVS, a Specified Response Vendor Solution (SRVS) policy to provide coverage for liability and expenses associated with the compromise of sensitive information and information systems, in the event of a data breach. The Privacy//403 …

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Cyber Coverage Demand Increased in 2013, Trend to Continue in 2014: Marsh http://www.insurancejournal.com/news/national/2014/04/03/325398.htm Thu, 03 Apr 2014 16:33:04 +0000 http://www.insurancejournal.com/?p=325398 Demand for cyber insurance rose by 21 percent across all industries in 2013 compared to 2012, and early indications in 2014 are that the buying trend is accelerating, according to a Marsh Risk Management Research report. Marsh found that financial …

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Ironshore Personal Lines Launches Primary Flood Coverage for High Value Homes http://www.insurancejournal.com/news/national/2014/04/02/325167.htm Wed, 02 Apr 2014 16:47:10 +0000 http://www.insurancejournal.com/?p=325167 Ironshore’s Personal Lines unit has expanded property coverage protection for high net worth homeowners.  Ironshore will offer a primary flood option as part of its homeowners insurance for properties valued at $1 million or more in selected states nationwide. By …

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Venture Expands Cyber Liability Coverage to Hospitality Industries http://www.insurancejournal.com/news/national/2014/04/01/324993.htm Tue, 01 Apr 2014 16:45:10 +0000 http://www.insurancejournal.com/?p=324993 Venture Insurance Programs has expanded and enhanced privacy and data breach protection for its PREFERRED CLUB program for golf and country clubs, and its Suitelife programs for hotels and resorts. The policy offers flexible, less expensive coverage for the costs …

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Stratton Agency Acquires Willis Insurance Services Retail Pizza Program http://www.insurancejournal.com/news/national/2014/03/31/324858.htm Mon, 31 Mar 2014 16:42:11 +0000 http://www.insurancejournal.com/?p=324858 Stratton Agency, an independent insurance brokerage, has acquired Willis Insurance Services retail pizza program. This purchase, initiated by the PizzaSurance division, includes hundreds of pizzeria clients in 38 states across the country. PizzaSurance by Stratton Agency is a customized insurance …

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Crestbrook Insurance Expands into California, More States to Come http://www.insurancejournal.com/news/west/2014/03/28/324712.htm Fri, 28 Mar 2014 16:55:32 +0000 http://www.insurancejournal.com/?p=324712 Crestbrook Insurance Co., an affluent market personal lines carrier, has expanded its products and services to independent agents and their clients in California. After launching in Illinois last October, the Nationwide Insurance subsidiary will continue to expand into Washington, Arizona, …

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ACE Introduces Passenger Accident Insurance for Motor Carriers http://www.insurancejournal.com/news/national/2014/03/28/324725.htm Fri, 28 Mar 2014 16:51:43 +0000 http://www.insurancejournal.com/?p=324725 ACE Group has introduced standalone passenger accident insurance for motor carriers. The coverage provides accidental death and dismemberment and accident medical/dental expense benefit coverage for authorized passengers who are injured while traveling with a driver who is working under the …

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Vertafore, DocuSign Partner to Offer E-Signature Services to Technology Users http://www.insurancejournal.com/news/national/2014/03/27/324638.htm Thu, 27 Mar 2014 16:46:30 +0000 http://www.insurancejournal.com/?p=324638 Insurance technology provider Vertafore and digital transaction manager DocuSign have teamed up to offer e-signature services to Vertafore’s insurance clients. DocuSign’s Digital Transaction Management Platform (DTM) will be available to Vertafore’s personal and commercial line customers who use its Vertafore …

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Business Risk Partners, LIU Launch New E&O Policy Form for Agents, Brokers http://www.insurancejournal.com/news/national/2014/03/26/324416.htm Wed, 26 Mar 2014 16:25:34 +0000 http://www.insurancejournal.com/?p=324416 Program administrator Business Risk Partners (BRP) has launched a new insurance agents and brokers professional liability form through Liberty International Underwriters (LIU), a division of Liberty Mutual Insurance. It’s the first major policy upgrade since 2008, when BRP and LIU …

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Ironshore Increases Capacity to $25 Million for Energy Risks http://www.insurancejournal.com/news/national/2014/03/25/324385.htm Tue, 25 Mar 2014 16:22:00 +0000 http://www.insurancejournal.com/?p=324385 Ironshore Energy Property has increased capacity to $25 million for energy risks throughout its global platform. This increase in capacity is available across all classes within the energy sector, including refineries, petrochemical plants, chemical plants, gas plants, pipelines, terminals, mining …

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Technical and Medical Device Convergence Exposes New World of Risks http://www.insurancejournal.com/news/national/2014/03/24/324191.htm Mon, 24 Mar 2014 16:07:49 +0000 http://www.insurancejournal.com/?p=324191 When the acclaimed television drama series Homeland climaxed with a devious plot by terrorists to kill America’s vice-president by hacking into his electronic pacemaker, critics mocked the ludicrousness of the idea deeming it as simply far-fetched fiction. However, the storyline …

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ACE, ESIS Launch Programs for Construction Industry Addressing OSHA http://www.insurancejournal.com/news/national/2014/03/21/323963.htm Fri, 21 Mar 2014 16:38:39 +0000 http://www.insurancejournal.com/?p=323963 ACE has launched specialized servicing capabilities designed for the construction industry through ESIS, Inc., a risk management services company owned by ACE Group. These services are available for general contractors, construction managers, trade contractors, and developers for both new construction …

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Hartford Steam Boiler Announces Help Desk Service for Homeowners http://www.insurancejournal.com/news/national/2014/03/20/323824.htm Thu, 20 Mar 2014 16:47:19 +0000 http://www.insurancejournal.com/?p=323824 The Hartford Steam Boiler Inspection and Insurance Co. (HSB) is now offering technical support services for homeowners through a partnership with Sutherland Global Services (Sutherland), a provider of business process outsourcing. The services are available as part of MyHomeWorks, a …

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Endurance Insurance Enhances Network Security, Privacy Coverage http://www.insurancejournal.com/news/national/2014/03/20/323814.htm Thu, 20 Mar 2014 16:35:45 +0000 http://www.insurancejournal.com/?p=323814 Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has enhanced its Endurance Premier Professional product with Endurance Breach Assist, a network security and privacy offering. Endurance Breach Assist provides insureds with comprehensive coverage …

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Ironshore Adds Financial Institutions Practice http://www.insurancejournal.com/news/international/2014/03/19/323737.htm Wed, 19 Mar 2014 16:58:45 +0000 http://www.insurancejournal.com/?p=323737 Ironshore Inc. has added a new global practice focused on financial institutions and expanded its industry leadership structure to address the select, industry-specific insurance market risk. Christopher Brown of Ironshore’s Pembroke Managing Agency, based in London, has been named practice leader …

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Lockton, Visiting Nurses Association Launch Professional Liability Program http://www.insurancejournal.com/news/national/2014/03/18/323609.htm Tue, 18 Mar 2014 16:22:49 +0000 http://www.insurancejournal.com/?p=323609 The Visiting Nurse Associations of America (VNAA) and specialty broker Lockton Affinity have launched a new insurance program to protect nurses and Visiting Nurse Association member agencies. VNAA is sponsoring the professional liability insurance program to provide enhanced protection for …

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