Insurance Journal » Markets/Coverages http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Tue, 26 May 2015 08:10:25 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 Beazley Launches Risk Management Website for Breach Response Policyholders http://www.insurancejournal.com/news/national/2015/05/22/369171.htm Fri, 22 May 2015 16:47:43 +0000 http://www.insurancejournal.com/?p=369171 Beazley has launched of a new risk management website for Beazley Breach Response (BBR) policyholders. The site offers tools and resources to help insureds prepare for and respond to a data breach and minimize reputational risk. In 2012, Beazley formed …

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IronHealth Launches Provider Protection for Bundled Payment Contracts http://www.insurancejournal.com/news/national/2015/05/21/369032.htm Thu, 21 May 2015 16:51:21 +0000 http://www.insurancejournal.com/?p=369032 IronHealth, the specialty healthcare unit of Ironshore Inc., has introduced a program to protect healthcare providers from the financial risks associated with bundled payment contracts. The Centers for Medicare and Medicaid Services (CMS), as well as commercial payors and self-funded …

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American Family Launches Coverage for Ridesharing Drivers in Colorado http://www.insurancejournal.com/news/west/2015/05/21/369026.htm Thu, 21 May 2015 16:45:21 +0000 http://www.insurancejournal.com/?p=369026 American Family Insurance has introduced a new transportation network company insurance coverage in the state of Colorado, designed to meet the needs of customers who are independent contractors for transportation network companies such as Uber or Lyft. These ridesharing services, …

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National Flood Services Launches Private Flood Product Suite http://www.insurancejournal.com/news/national/2015/05/20/368766.htm Wed, 20 May 2015 05:10:49 +0000 http://www.insurancejournal.com/?p=368766 National Flood Services, a division of Affinity Insurance Services, has introduced a line of private flood insurance products that will be delivered via the FloodChoice agent system. The new products offer options for consumers and insurance agents. According to John …

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Berkley Crime Launches New Investment Company Policy http://www.insurancejournal.com/news/national/2015/05/19/368694.htm Tue, 19 May 2015 16:44:12 +0000 http://www.insurancejournal.com/?p=368694 Berkley Crime, a division of Berkley FinSecure, a W. R. Berkley company, has launched a new Investment Company Policy (ICP). The ICP is specifically designed to provide crime-related insurance coverage for registered management investment companies and mutual funds. Coverage under …

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The Hanover Enhances General Liability, Umbrella Coverages for Business Clients http://www.insurancejournal.com/news/national/2015/05/15/368375.htm Fri, 15 May 2015 16:35:13 +0000 http://www.insurancejournal.com/?p=368375 The Hanover Insurance Group, Inc. has launched an enhanced suite of general liability and umbrella coverage offerings for independent insurance agents to offer their business clients. These product enhancements include industry-specific and specialized coverage endorsements that can further extend coverage. …

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Beazley Launches Enhanced Management, Cyber Liability Policy for Law Firms http://www.insurancejournal.com/news/national/2015/05/14/368147.htm Thu, 14 May 2015 10:14:07 +0000 http://www.insurancejournal.com/?p=368147 Beazley has launched “Beazley Practice Protect,” an enhanced management liability policy for law firms, designed to confront a rapidly evolving market for counsel and legal services. Beazley Practice Protect covers both law firm partners and non-partner officers such as CEOs …

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Willis Re Launches $400M Reinsurance Facility to Cover Catastrophic Liabilities http://www.insurancejournal.com/news/international/2015/05/14/368136.htm Thu, 14 May 2015 07:58:12 +0000 http://www.insurancejournal.com/?p=368136 Willis Re, the reinsurance division of Willis Group Holdings plc, has established a syndicated reinsurance facility providing the broadest protection available for insurers against catastrophic and systemic loss accumulations arising from liability portfolios. Named PRIMO, the facility responds to increasing …

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NORCAL Expands Medical Professional Liability Coverage to Oregon http://www.insurancejournal.com/news/west/2015/05/13/368012.htm Wed, 13 May 2015 08:00:17 +0000 http://www.insurancejournal.com/?p=368012 NORCAL Mutual Insurance Co., a medical professional liability insurance provider, is now offering coverage to physicians and healthcare professionals in Oregon with protection for certain data breaches, cyber liability and risks related to administrative activities, as part of its strategic …

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CNA Launches Admitted Product Liability Policy for Life Sciences http://www.insurancejournal.com/news/national/2015/05/13/368015.htm Wed, 13 May 2015 04:05:45 +0000 http://www.insurancejournal.com/?p=368015 CNA has launched a new admitted product liability policy offering for the life sciences market. This product launch makes CNA one of only a handful of carriers to offer life sciences companies an admitted and non-admitted coverage option for their …

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Companies Let Most Technology Assets Go Unprotected: Aon/Ponemon http://www.insurancejournal.com/news/national/2015/05/12/367981.htm Wed, 13 May 2015 01:04:18 +0000 http://www.insurancejournal.com/?p=367981 Cyber is one of the fastest growing risks for companies across the globe, and information technology assets are often as valuable as property assets, yet companies are only protecting 12 percent of those assets compared to 51 percent of tangible …

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XL Launches Stand-Alone Automotive Parts Recall Policy http://www.insurancejournal.com/news/national/2015/05/12/367789.htm Tue, 12 May 2015 16:52:09 +0000 http://www.insurancejournal.com/?p=367789 XL Group has launched a stand-alone automotive parts recall policy, a tailored product designed for suppliers in the automotive industry. The policy delivers a choice of coverage to respond to the increased exposures and liabilities related to automotive recalls. Recently, …

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ACE Enhances Excess Casualty Coverage for Middle Market Companies http://www.insurancejournal.com/news/national/2015/05/12/367782.htm Tue, 12 May 2015 16:38:49 +0000 http://www.insurancejournal.com/?p=367782 ACE Group has expanded its range of excess casualty corporate risk coverages to provide more extensive protection to middle market clients. The enhanced offerings, available for businesses with revenues up to $1 billion, include ACE’s new AB Umbrella Form, a …

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WKFC Launches Property Program for $500 Million TIV Risks http://www.insurancejournal.com/news/national/2015/05/11/367576.htm Mon, 11 May 2015 16:57:25 +0000 http://www.insurancejournal.com/?p=367576 WKFC Underwriting Managers, a part of RSG Underwriting Managers, has launched a new property program for risks up to $500 million in total insured value (TIV).The program is written on A-XI rated paper and is available in all 50 states. …

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HSB Launches Enhanced Farm Equipment, Machinery Breakdown Coverage http://www.insurancejournal.com/news/national/2015/05/08/367427.htm Fri, 08 May 2015 16:21:53 +0000 http://www.insurancejournal.com/?p=367427 The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has launched a new farm equipment and machinery breakdown coverage with expanded insurance for mobile implements and the precision electronics that control them, among other enhancements. HSB’s …

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Novamar Insurance Group Expands Yacht Program http://www.insurancejournal.com/news/national/2015/05/08/367421.htm Fri, 08 May 2015 16:12:05 +0000 http://www.insurancejournal.com/?p=367421 Novamar Insurance Group, Inc. has expanded its Novamar Offshore Yacht Insurance program.  Yacht owners can now insure their vessels while cruising locally or around the world with an “A + rated” U.S. insurance company at competitive premiums.  The Novamar Offshore …

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The Hanover Enhances Builders Risk Coverage http://www.insurancejournal.com/news/national/2015/05/07/367146.htm Thu, 07 May 2015 06:07:44 +0000 http://www.insurancejournal.com/?p=367146 The Hanover Insurance Group, Inc. has enhanced its Hanover Builders Risk insurance coverage forms to offer more flexible, comprehensive coverages that better meet the needs of construction businesses nationwide. Hanover Builders Risk forms can be used for a variety of …

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V3 Insurance Partners Launches Program for Auto Rental Industry http://www.insurancejournal.com/news/national/2015/05/06/366984.htm Wed, 06 May 2015 05:59:12 +0000 http://www.insurancejournal.com/?p=366984 V3 Insurance Partners LLC has introduced Rental V₃antage, a new multi-line insurance program for the daily auto rental industry, including nationally franchised rental agencies and independent auto rental operators. Rental V₃antage is a guaranteed cost program written through an insurance …

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IronHealth Launches Emerging Infectious Disease Business Interruption Coverage http://www.insurancejournal.com/news/national/2015/05/06/366978.htm Wed, 06 May 2015 05:49:07 +0000 http://www.insurancejournal.com/?p=366978 IronHealth, the specialty healthcare unit of Ironshore Inc., has introduced an endorsement on excess policies for its emerging infectious disease business interruption coverage. The drop-down coverage option will reimburse insureds for business income loss as a result of an infectious …

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Verisk Expands Wildfire Risk Service to 3 More States http://www.insurancejournal.com/news/west/2015/05/05/366909.htm Tue, 05 May 2015 16:40:59 +0000 http://www.insurancejournal.com/?p=366909 Verisk Insurance Solutions has added Montana, Oklahoma and Wyoming to its FireLine wildfire risk management service. FireLine provides information to insurers to analyze wildfire risk at the individual address level. FireLine uses satellite data to assess the effects of the …

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Ironshore to Raise Capacity Limits to $50M for Builder’s Risk Property Products http://www.insurancejournal.com/news/international/2015/05/05/366839.htm Tue, 05 May 2015 09:19:44 +0000 http://www.insurancejournal.com/?p=366839 Bermuda-based Ironshore Inc. announced its global property division will raise capacity limits for builder’s risk products to $50 million, an increase from the current $35 million limit, effective immediately. Ironshore’s builder’s risk property program provides risk transfer protection for U.S.-based …

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National Interstate Launches Ambulance Operator Alternative Risk Transfer Program http://www.insurancejournal.com/news/national/2015/05/05/366814.htm Tue, 05 May 2015 04:43:07 +0000 http://www.insurancejournal.com/?p=366814 National Interstate Insurance Co. has launched MEDIC, a new alternative risk transfer (ART) program catering to for-profit emergency and non-emergency ambulance operators.  MEDIC will be open to operators nationwide, and will complement the traditional insurance product currently offered by National …

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Hiscox London Market Launches Stand-Alone Threat Product http://www.insurancejournal.com/news/international/2015/05/04/366701.htm Mon, 04 May 2015 07:41:02 +0000 http://www.insurancejournal.com/?p=366701 Specialist global insurer Hiscox has launched a stand-alone Threat product designed to protect businesses against the loss of revenue suffered as a result of a threat or hoax. The Hiscox Threat policy provides non-physical damage business interruption (BI) cover as …

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Norman-Spencer Enhances Real Estate E&O Program http://www.insurancejournal.com/news/national/2015/05/04/366689.htm Mon, 04 May 2015 04:50:25 +0000 http://www.insurancejournal.com/?p=366689 The Norman-Spencer Agency, Inc. has made several enhancements to its Real Estate E&O program as well as added states where it is available. Enhancements include new policy features that provide discrimination defense and indemnity sublimit, mold, mildew, or fungus sublimit; …

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AIG Enhances Cybersecurity Services for Cyber Risk Management Program http://www.insurancejournal.com/news/national/2015/05/01/366457.htm Fri, 01 May 2015 08:00:20 +0000 http://www.insurancejournal.com/?p=366457 American International Group has formed new partnerships with cybersecurity experts to expand the risk mitigation and prevention services it offers cyber insurance clients. The partnerships include: K2 Intelligence, BitSight Technologies, RSA, and Axio Global. Services from these partners complement AIG’s …

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Kinsale Introduces Law Enforcement/Police Professional Liability Product http://www.insurancejournal.com/news/national/2015/05/01/366454.htm Fri, 01 May 2015 08:00:17 +0000 http://www.insurancejournal.com/?p=366454 Kinsale Insurance Co. has launched a new law enforcement/police professional product. Eligible accounts include boroughs, cities, counties, townships and villages’ law enforcement departments serving populations of 100,000 or less. Larger venues may be submitted for underwriting review. Target law enforcement/police …

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SASSI Introduces Online Insurance Option for Electrologists http://www.insurancejournal.com/news/national/2015/04/30/366282.htm Thu, 30 Apr 2015 04:48:52 +0000 http://www.insurancejournal.com/?p=366282 SASSI, the Salon and Spa Specialty Insurance agency, has launched a fully automated website for electrologists and their insurance brokers to purchase insurance through called SASSI Insure It!. SASSI Insure It! guides qualified customers from the insurance application to electronic …

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Swiss Re Corporate Solutions & IBM Offer Protection Against Cyber Attacks http://www.insurancejournal.com/news/international/2015/04/23/365401.htm Thu, 23 Apr 2015 11:49:23 +0000 http://www.insurancejournal.com/?p=365401 Swiss Re Corporate Solutions joins forces with IBM Security to provide advanced cyber risk protection products and services to companies worldwide, aiming to help businesses defend themselves against increasingly sophisticated cyber attacks. The IBM-Swiss Re Corporate Solutions agreement combines IBM’s …

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Florida’s Prepared Insurance Joins Write Your Own Flood Program http://www.insurancejournal.com/news/southeast/2015/04/21/365016.htm Tue, 21 Apr 2015 12:00:18 +0000 http://www.insurancejournal.com/?p=365016 Prepared Insurance Company (PIC), a Florida property/casualty carrier, has been approved to participate in the Write Your Own Flood Program (WYO). The insurer is offering Florida consumers the ability to purchase flood and homeowners insurance through one carrier with one …

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ACE Expands Liability Coverage for Assisted Living, Long Term Care Facilities http://www.insurancejournal.com/news/national/2015/04/21/364939.htm Tue, 21 Apr 2015 08:00:53 +0000 http://www.insurancejournal.com/?p=364939 ACE Group has introduced four new medical liability coverage endorsements, designed to provide more comprehensive protection to the expanding long term care healthcare sector. The new endorsements include: media event expense; disciplinary proceeding defense; emergency evacuation expense; and patient property …

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