Insurance Journal » Markets/Coverages http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Tue, 04 Aug 2015 00:02:18 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 SASSI Expands Workers’ Comp Program Into Additional States http://www.insurancejournal.com/news/national/2015/07/31/377186.htm Fri, 31 Jul 2015 17:03:48 +0000 http://www.insurancejournal.com/?p=377186 SASSI, the Salon and Spa Specialty Insurance agency, has added an additional market for its workers’ compensation insurance program, enabling the agency to write this coverage in additional states. The program is designed to meet the needs of small to …

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Cloudsurance Launches Insurance Program For Cloud Consumers http://www.insurancejournal.com/news/national/2015/07/30/377024.htm Thu, 30 Jul 2015 16:51:24 +0000 http://www.insurancejournal.com/?p=377024 Cloudsurance has launched a cloud insurance program designed for modern cloud consumers. Cloudsurance is a cloud insurance program designed for cloud consumers and can help mitigate against the inherent risks of cloud computing, such as downtime, data loss and cyber-attack …

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BHSI Launches Bankers Professional Liability Insurance Program http://www.insurancejournal.com/news/national/2015/07/29/376731.htm Wed, 29 Jul 2015 16:59:19 +0000 http://www.insurancejournal.com/?p=376731 Berkshire Hathaway Specialty Insurance (BHSI) today launched Professional First Bankers Professional Liability Insurance in the U.S., adding to its executive and professional liability products for financial institutions. Professional First Bankers Professional Liability Insurance offers banks, their executives and employees, coverage …

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ANV Launches Miscellaneous Professional Liability Program in U.S. http://www.insurancejournal.com/news/national/2015/07/27/376329.htm Mon, 27 Jul 2015 04:50:07 +0000 http://www.insurancejournal.com/?p=376329 ANV Underwriters, the international managing general underwriter (MGU) segment of global speciality insurance group ANV, has launched a new North America Miscellaneous Professional Liability (MPL) product and team. The new MPL product expands ANV’s MGU presence in the U.S. market …

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K&K Launches Student Accident Coverage Website http://www.insurancejournal.com/news/national/2015/07/24/376295.htm Fri, 24 Jul 2015 16:57:34 +0000 http://www.insurancejournal.com/?p=376295 K&K Insurance Group, Inc., a subsidiary of Aon plc, has launched a new website at www.PrivateSchoolK12-kk.com offering K-12 student accident coverage. The website is designed for private, non-boarding K-12 schools and offers the ability to quote and purchase insurance online …

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Heffernan Accepting Submissions for Burning Man Insurance Program http://www.insurancejournal.com/news/national/2015/07/24/376292.htm Fri, 24 Jul 2015 16:51:31 +0000 http://www.insurancejournal.com/?p=376292 Heffernan Insurance Brokers, a nationwide independent insurance brokerage, is now accepting submissions through August 9 for the 2015 Burning Man event. Heffernan’s program, called Insurance on the Playa, offers liability coverage for theme camps, art cars and art installations for …

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Beazley Launches New Insurance Product for Australian Expat Workers http://www.insurancejournal.com/news/international/2015/07/23/376117.htm Thu, 23 Jul 2015 08:31:52 +0000 http://www.insurancejournal.com/?p=376117 Specialist insurer Beazley has launched Expatriate Medical and Emergency Evacuation, a new tailored insurance solution for Australian employees who live and work overseas. The product combines elements of both health and travel insurance to provide comprehensive coverage for expats based …

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India’s Product Recalls Bring New Business for Insurers Such as AIG, Allianz http://www.insurancejournal.com/news/international/2015/07/23/376112.htm Thu, 23 Jul 2015 07:23:48 +0000 http://www.insurancejournal.com/?p=376112 As Nestle SA slugs it out with India’s food regulator over the amount of lead in its popular Maggi instant noodles, the dispute is whipping up business for insurers. The local unit of American International Group Inc. is predicting a …

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Berkley Forms Berkley Global Product Recall Management, Hires Lubrano to Lead http://www.insurancejournal.com/news/international/2015/07/21/375930.htm Tue, 21 Jul 2015 16:35:55 +0000 http://www.insurancejournal.com/?p=375930 W.R. Berkley Corp. has formed Berkley Global Product Recall Management, a W. R. Berkley Co., to aid all types of businesses throughout the world in the prevention and management of product recall incidences. Products and services will be available through …

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Hanover Enhances Fidelity, Crime Coverage http://www.insurancejournal.com/news/national/2015/07/21/375919.htm Tue, 21 Jul 2015 16:24:05 +0000 http://www.insurancejournal.com/?p=375919 The Hanover Insurance Group, Inc. has launched a new Fidelity & Crime Advantage coverage program offered within its management liability portfolio. The coverage provides businesses with an enhanced product suite to help protect their employees and companies. The Hanover’s Fidelity …

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CFC Partners With Cyber Security Ratings Firm to Evaluate Insureds’ Cyber Risk http://www.insurancejournal.com/news/national/2015/07/20/375808.htm Mon, 20 Jul 2015 16:57:50 +0000 http://www.insurancejournal.com/?p=375808 Specialist lines underwriting agency CFC has formed a partnership with cyber security ratings agency, BitSight Technologies. CFC will use BitSight’s ratings tool to provide insight into the cyber threats that their clients face. Ratings are calculated on a daily basis …

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Commercial Insurance Prices Remain Static for Fourth Month: MarketScout http://www.insurancejournal.com/magazines/features/2015/07/20/375101.htm Mon, 20 Jul 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=375101 Commercial insurance rates have barely budged at all over the last four months, according to the MarketScout report for June. Only the business interruption line saw rates go down in June from the previous month and those were only down …

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Analysis of Chubb’s Future Position in P/C Product Lines http://www.insurancejournal.com/magazines/features/2015/07/20/375098.htm Mon, 20 Jul 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=375098 Just a little over six months ago, ACE announced a deal to acquire the high-net-worth personal lines business of Fireman’s Fund from Allianz, competing against Chubb, which holds the leading position in the space. The announcement that ACE will buy …

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Expanding Your Sales Portfolio? Give LTCI a Second Look http://www.insurancejournal.com/magazines/features/2015/07/20/375092.htm Mon, 20 Jul 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=375092 If you don’t offer your clients long term care insurance (LTCI), you may be missing out. This rapidly-evolving product is more attractive than ever. LTCI is more versatile than you may remember, thanks to recent product development innovations. The need …

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New Regulatory Guidance Affects Insurers, Producers http://www.insurancejournal.com/magazines/features/2015/07/20/375095.htm Mon, 20 Jul 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=375095 Producers, brokers and insurers are all targeted by cyber attackers looking for personal identifiable information (PII) that can be used to open fraudulent credit cards. To protect PII, in April the Cybersecurity (EX) Task Force of the National Association of …

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What Insurers Want to Know When Considering Wearable Devices http://www.insurancejournal.com/magazines/features/2015/07/20/375091.htm Mon, 20 Jul 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=375091 In a recent blog on the subject, Mark Breading, a partner at SMA, weighed whether wearables would hurt or benefit insurers. He provided some key questions insurers should consider in developing wearables strategy. They include: • Will data derived from …

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GEICO Expands Ridesharing Coverage to Georgia http://www.insurancejournal.com/magazines/newmarkets/2015/07/20/375071.htm Mon, 20 Jul 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=375071 GEICO has continued the expansion of its new auto insurance product for drivers of transportation network companies (TNC) with the addition of Georgia. GEICO offers ridesharing coverage through GEICO Commercial for less than taxi and commercial rates. GEICO first introduced …

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San Andreas Movie: Facts Within Fiction http://www.insurancejournal.com/magazines/features/2015/07/20/375096.htm Mon, 20 Jul 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=375096 Released in late spring 2015, the movie San Andreas tells the story of massive earthquakes devastating California as a helicopter pilot and his (formerly estranged) wife try to find and rescue their daughter. Having defeated the likes of genetically engineered …

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Crowdsourcing Pollutant Detection: A Look at the Promise & Perils of Citizen Science http://www.insurancejournal.com/magazines/features/2015/07/20/375089.htm Mon, 20 Jul 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=375089 Far from being a new idea of the 21st century, scientific research conducted by amateur or non-professional scientists has a long and distinguished history. (Think Benjamin Franklin or Charles Darwin, for example.) What is new, however, is the wide array …

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U.S. Power Grid Attack Could Cause $70 Billion in Insurance Losses: Lloyd’s Report http://www.insurancejournal.com/magazines/features/2015/07/20/375083.htm Mon, 20 Jul 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=375083 A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water supplies and transportation, and potentially more than …

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AIG Launches Risk Management Service for Builders of Luxury Homes http://www.insurancejournal.com/news/national/2015/07/16/375438.htm Thu, 16 Jul 2015 16:56:23 +0000 http://www.insurancejournal.com/?p=375438 AIG Private Client Group, a division of American International Group, Inc., has introduced a risk management and mitigation service for residential construction projects with budgets of $5 million or more. As part of its Smart Build offering, AIG risk experts …

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ACE Launches Casualty & Fire Cover for Fashion Firms in Spain & Portugal http://www.insurancejournal.com/news/international/2015/07/14/374937.htm Tue, 14 Jul 2015 13:04:53 +0000 http://www.insurancejournal.com/?p=374937 ACE Group has launched ACE Moda TM, a packaged insurance product designed to cover the casualty and fire risks of companies in the fashion retail sector as it continues to develop its proposition for retail and luxury goods companies across Spain …

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All Risks Launches Wind Program for Occupied Dwellings, Vacant Buildings http://www.insurancejournal.com/news/national/2015/07/13/374857.htm Mon, 13 Jul 2015 16:56:41 +0000 http://www.insurancejournal.com/?p=374857 QuickIns, a division of All Risks, Ltd., has launched a new non-admitted wind market on its online and phone quoting platform, QuickIns.com, for tenant occupied dwellings and vacant buildings.  This A.M. Best A-rated carrier offers property and liability coverage (monoline or package), …

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NGM Insurance Introduces Expanded Workers’ Comp Program in Virginia http://www.insurancejournal.com/news/east/2015/07/13/374847.htm Mon, 13 Jul 2015 16:49:48 +0000 http://www.insurancejournal.com/?p=374847 The Main Street America Group’s NGM Insurance Co. has introduced an expanded workers’ compensation program in Virginia via its network of independent insurance agents throughout the commonwealth. “The expanded pricing levels in Virginia, available through our additional writing companies, enables …

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Amtrak Concedes to Liability in Philadelphia Train Derailment Cases http://www.insurancejournal.com/news/national/2015/07/13/374811.htm Mon, 13 Jul 2015 14:53:34 +0000 http://www.insurancejournal.com/?p=374811 Amtrak said it will concede that it’s liable for most damages caused by the May 12 train derailment in Philadelphia that killed eight passengers and injured dozens. The railroad acknowledged Friday in responses to two lawsuits that it won’t contest …

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Nautilus Expands Contractors Program, Reduces Rates http://www.insurancejournal.com/news/national/2015/07/09/374597.htm Thu, 09 Jul 2015 16:49:18 +0000 http://www.insurancejournal.com/?p=374597 Nautilus Insurance, a W. R. Berkley Co., has enhanced its general liability product offering for contractors, while also expanding product availability to all states except Colorado and New York. Nautilus Insurance writes on behalf of Nautilus Insurance Co. and Great …

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ACE Doubles Terrorism, Political Violence and War Insurance Capacity http://www.insurancejournal.com/news/international/2015/07/09/374530.htm Thu, 09 Jul 2015 09:05:12 +0000 http://www.insurancejournal.com/?p=374530 ACE Group announced it is offering increased insurance capacity of up to US$100 million/100 million euros (previously US$50 million/50 million euros) for terrorism, political violence and war risks in response to evolving threats and increased demand from multinational clients. The …

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XL Catlin, Financial Risk Services to Offer Coverage for HVAC Contractors http://www.insurancejournal.com/news/national/2015/07/08/374456.htm Wed, 08 Jul 2015 16:58:50 +0000 http://www.insurancejournal.com/?p=374456 XL Catlin and Financial Risk Solutions, Inc. have entered an exclusive underwriting agreement to offer Chill-Pro contractual liability insurance coverage for heating ventilation and air conditioning (HVAC) contractors in the US. Chill-Pro is a national insurance program that provides service …

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Ironshore Launches Boat Program with National Boat Owners Association http://www.insurancejournal.com/news/national/2015/07/06/374187.htm Mon, 06 Jul 2015 16:59:00 +0000 http://www.insurancejournal.com/?p=374187 Ironshore Inc. has introduced a new boat and yacht insurance program in collaboration with the National Boat Owners Association (NBOA) to be available nationwide.  Ironshore Premier Watercraft program, which will be offered exclusively by NBOA, provides comprehensive cover for watercraft …

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SkiSafe Expands Sailboat Coverage to Live Aboard Vessels http://www.insurancejournal.com/news/national/2015/07/02/374042.htm Thu, 02 Jul 2015 16:54:17 +0000 http://www.insurancejournal.com/?p=374042 SkiSafe insurance has broadened its underwriting guidelines for its Sailboat Insurance program to provide coverage for sailboat risks with live aboard exposures.  In addition to the clientele of sailors already utilizing the SkiSafe program for protection against vessel damage, liability …

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