Insurance Journal » Markets/Coverages http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Sun, 19 May 2013 04:43:21 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Lockton: Companies Overlooking Most Crucial Part of Kidnap & Ransom Insurance http://www.insurancejournal.com/news/national/2013/05/17/292500.htm Fri, 17 May 2013 16:46:38 +0000 http://www.insurancejournal.com/?p=292500 The ransom and extortion industry’s danger zone has expanded well beyond Central and South America, yet companies tend to downplay the importance of a kidnap & ransom insurance policy, according to a new report by Lockton. The report, authored by …

The article Lockton: Companies Overlooking Most Crucial Part of Kidnap & Ransom Insurance appeared first on Insurance Journal.

]]> Workers’ Comp Sees Encouraging Signs in 2012 Results: NCCI http://www.insurancejournal.com/news/national/2013/05/16/292289.htm Thu, 16 May 2013 16:57:27 +0000 Andrea Wells http://www.insurancejournal.com/?p=292289 The workers’ compensation market is seeing encouraging signs. Premiums grew for the second consecutive year, the combined ratio declined and claim frequency continued to improve at a pace slightly greater than its long-term historic rate of decline. In 2012, the …

The article Workers’ Comp Sees Encouraging Signs in 2012 Results: NCCI appeared first on Insurance Journal.

]]> Liberty International Launches Marine Business Owner Policy http://www.insurancejournal.com/news/national/2013/05/16/292117.htm Thu, 16 May 2013 10:00:04 +0000 http://www.insurancejournal.com/?p=292117 Liberty International Underwriters (LIU), part of the Global Specialty unit of Liberty Mutual Insurance, has launched a new policy designed to cover marine liability and property related risks for small and mid-size marine businesses owners and operators. The new policy, …

The article Liberty International Launches Marine Business Owner Policy appeared first on Insurance Journal.

]]> Travelers Launches OnDemand Risk Control Service for Commercial Clients http://www.insurancejournal.com/news/national/2013/05/15/292047.htm Wed, 15 May 2013 16:59:15 +0000 Amy O' Connor http://www.insurancejournal.com/?p=292047 The Travelers Insurance Cos. has launched an interactive, on demand service for property and casualty insureds looking to manage and mitigate their business risks. The new service, called Risk Control OnDemand, connects Travelers risk experts with insureds through screen share …

The article Travelers Launches OnDemand Risk Control Service for Commercial Clients appeared first on Insurance Journal.

]]> Frontline Insurance Approved for Coastal Homeowners in Delaware http://www.insurancejournal.com/news/east/2013/05/15/291974.htm Wed, 15 May 2013 15:44:18 +0000 http://www.insurancejournal.com/?p=291974 Frontline Insurance, a provider of coastal homeowners coverage, is now licensed in Delaware. Frontline already operates in Florida and South Carolina and recently announced a new coverage program for Alabama residents, including wind and flood all in one package. A …

The article Frontline Insurance Approved for Coastal Homeowners in Delaware appeared first on Insurance Journal.

]]> Hudson Insurance Group Now Writing Excess Business in New York http://www.insurancejournal.com/news/east/2013/05/15/291955.htm Wed, 15 May 2013 15:06:48 +0000 http://www.insurancejournal.com/?p=291955 Hudson Insurance Group, the U.S. Insurance Division of Odyssey Re Holdings Corp. has received approval from the Excess Line Association of New York to write excess line business in the State of New York through Hudson Excess Insurance Co. Hudson …

The article Hudson Insurance Group Now Writing Excess Business in New York appeared first on Insurance Journal.

]]> Medical Liability Market Profitable But Deteriorating Results Expected: Fitch http://www.insurancejournal.com/news/national/2013/05/14/291819.htm Tue, 14 May 2013 14:27:46 +0000 http://www.insurancejournal.com/?p=291819 The medical professional liability insurance (MPLI) market was one of the most profitable lines of business in the United States for the past five years, according to a new report. MPLI posted an average calendar year combined ratio of 87 …

The article Medical Liability Market Profitable But Deteriorating Results Expected: Fitch appeared first on Insurance Journal.

]]> E&O Insights: Directors & Officers Liability Is Not Your Normal Insurance Product http://www.insurancejournal.com/news/national/2013/05/14/291814.htm Tue, 14 May 2013 14:16:38 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=291814 If you asked 100 insurance professionals on the agency side what one line of business “scares” them the most, it’s likely that directors and officers (D&O) liability would be at the top. The lack of standardization of policy forms contributes …

The article E&O Insights: Directors & Officers Liability Is Not Your Normal Insurance Product appeared first on Insurance Journal.

]]> Homeowners Confused About Insurance Coverage: Survey http://www.insurancejournal.com/news/national/2013/05/14/291804.htm Tue, 14 May 2013 14:07:19 +0000 http://www.insurancejournal.com/?p=291804 Many homeowners do not understand what exposures are covered under their home insurance policy, according to a new consumer survey. More than two in five Americans (41 percent) believe that a standard homeowner’s insurance policy protects against mold damage, according …

The article Homeowners Confused About Insurance Coverage: Survey appeared first on Insurance Journal.

]]> Marsh & McLennan Offers Organized Crime Insurance in Mexico http://www.insurancejournal.com/news/international/2013/05/14/291798.htm Tue, 14 May 2013 13:43:18 +0000 http://www.insurancejournal.com/?p=291798 The Mexican unit of insurer Marsh & McClennan Companies Inc said on Monday it is launching a policy that will cover terrorism, organized crime and sabotage, the first such policy available in a country wracked by drug-related violence. Mexico’s ongoing …

The article Marsh & McLennan Offers Organized Crime Insurance in Mexico appeared first on Insurance Journal.

]]> MetLife Auto & Home Expands Identity Protection Coverage http://www.insurancejournal.com/news/national/2013/05/13/291756.htm Mon, 13 May 2013 16:55:35 +0000 http://www.insurancejournal.com/?p=291756 MetLife Auto & Home has enhanced its identity protection services to include assistance for digital threats, such as e-mail and social media compromise, as well as data breach victim assistance. The services are provided as part of the company’s identity protection program, …

The article MetLife Auto & Home Expands Identity Protection Coverage appeared first on Insurance Journal.

]]> Zurich Programs, Aon Affinity to Cover Non-Profit Long-Term Care Organizations http://www.insurancejournal.com/news/national/2013/05/13/291739.htm Mon, 13 May 2013 16:40:27 +0000 http://www.insurancejournal.com/?p=291739 Zurich  North America Commercial’s Programs & Direct Markets business has entered into an agreement with Aon Affinity, the consumer, association and group program business of Aon plc to offer coverage to non-profit long-term care organizations. The program will be available …

The article Zurich Programs, Aon Affinity to Cover Non-Profit Long-Term Care Organizations appeared first on Insurance Journal.

]]> 10 Things to Know About the Trucking Industry http://www.insurancejournal.com/news/national/2013/05/13/291688.htm Mon, 13 May 2013 15:40:12 +0000 http://www.insurancejournal.com/?p=291688 1. Intermodal is the transfer of products using multiple forms of transportation — trucks, railroads or ocean carriers. In 2012, intermodal container volumes rose by 5.9 percent over the previous year with 13.1 million moves, according to the Intermodal Association …

The article 10 Things to Know About the Trucking Industry appeared first on Insurance Journal.

]]> First Capital, Hudson Insurance Group Launch Insurance Services PL Facility http://www.insurancejournal.com/news/national/2013/05/10/291504.htm Fri, 10 May 2013 10:00:12 +0000 http://www.insurancejournal.com/?p=291504 First Capital-AWIS, LLC (First Capital) and Hudson Insurance Group (Hudson) have introduced a new insurance services professional liability primary and excess facility underwritten by Hudson and administered exclusively by First Capital. The facility offers a range of insurance services classes, …

The article First Capital, Hudson Insurance Group Launch Insurance Services PL Facility appeared first on Insurance Journal.

]]> Bliss & Glennon Launches Nutraceutical, Nutrition, Lifestyle Program http://www.insurancejournal.com/news/west/2013/05/10/291509.htm Fri, 10 May 2013 10:00:07 +0000 http://www.insurancejournal.com/?p=291509 Redondo Beach, CA-based Bliss & Glennon, Inc.’s Complex Casualty division of has launched a new specialty program for the nutraceutical/health/nutrition/natural products industry. The product is supported by a national AM Best “A+” rated insurance company with claims servicing expertise in …

The article Bliss & Glennon Launches Nutraceutical, Nutrition, Lifestyle Program appeared first on Insurance Journal.

]]> Argo Pro to Offer Professional Liability Products Through San Francisco Office http://www.insurancejournal.com/news/west/2013/05/09/291442.htm Thu, 09 May 2013 16:30:14 +0000 http://www.insurancejournal.com/?p=291442 Argo Pro, a member of Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, has expanded its national presence to San Francisco to serve the growing needs of the professional liability insurance market in the …

The article Argo Pro to Offer Professional Liability Products Through San Francisco Office appeared first on Insurance Journal.

]]> NAS Insurance Launches Live Event Insurance Division http://www.insurancejournal.com/news/national/2013/05/09/291348.htm Thu, 09 May 2013 10:00:56 +0000 http://www.insurancejournal.com/?p=291348 NAS Insurance Services has introduced a new brand for its its Entertainment & Sports division called Alive Risk, to meet the growing demand for specialized live event insurance coverage. Headed by Jerid Schmickle and Tim Troester, the new business unit …

The article NAS Insurance Launches Live Event Insurance Division appeared first on Insurance Journal.

]]> Trinity Underwriting Managers Launches New Inland Marine Program http://www.insurancejournal.com/news/national/2013/05/09/291354.htm Thu, 09 May 2013 10:00:47 +0000 http://www.insurancejournal.com/?p=291354 Georgia-based program administrator Trinity Underwriting Managers, Inc. (TUMI) has expanded its commercial auto underwriting capabilities. TUMI recently established a relationship with an “A+” rated carrier in which it underwrites a wide array of inland marine coverages including, but not limited …

The article Trinity Underwriting Managers Launches New Inland Marine Program appeared first on Insurance Journal.

]]> Identifying and Mitigating Agent E&O Exposures in the High-Net Worth Segment http://www.insurancejournal.com/news/national/2013/05/09/291334.htm Thu, 09 May 2013 10:00:14 +0000 Amy O' Connor http://www.insurancejournal.com/?p=291334 As the Internet continues to take hold over the independent insurance agent’s market share, the value-added services a broker can provide to their clients are more important than ever, especially in the high-net worth space. Being an advisor, and not …

The article Identifying and Mitigating Agent E&O Exposures in the High-Net Worth Segment appeared first on Insurance Journal.

]]> ACE Launches New Management Liability Options for Health Care Organizations http://www.insurancejournal.com/news/national/2013/05/08/291318.htm Wed, 08 May 2013 16:59:08 +0000 http://www.insurancejournal.com/?p=291318 The ACE Group has launched ACE Express Private Health Care Protection and ACE Express Not-For-Profit Health Care Protection policies specifically designed for the new exposures facing health care organizations. The policies address exposures such as an increase in False Claims …

The article ACE Launches New Management Liability Options for Health Care Organizations appeared first on Insurance Journal.

]]> XL Group to Offer Shariah Complaint Insurance Coverage http://www.insurancejournal.com/news/international/2013/05/08/291306.htm Wed, 08 May 2013 16:50:14 +0000 http://www.insurancejournal.com/?p=291306 XL Group has launched Shariah compliant insurance cover for large corporate and middle market clients. Initially it will focus on property cover, with a maximum capacity of up to $300 million. The coveragevfinacntargets markets worldwide, with the exception of the …

The article XL Group to Offer Shariah Complaint Insurance Coverage appeared first on Insurance Journal.

]]> Rockwood Decreases Agent E&O Rates in Massachusetts, California, Texas http://www.insurancejournal.com/news/national/2013/05/07/291147.htm Tue, 07 May 2013 16:58:23 +0000 http://www.insurancejournal.com/?p=291147 Rockwood Programs has implemented underwriting guideline changes to its P&C Agents E&O program. The modifications will result in a rate decrease in the states of California, Massachusetts, Nevada, and Texas. The exact amount of the decrease will be dependent on …

The article Rockwood Decreases Agent E&O Rates in Massachusetts, California, Texas appeared first on Insurance Journal.

]]> After Sandy, Underwriters, CAT Models View Northeast Like Southeast: NAPCO http://www.insurancejournal.com/news/national/2013/05/06/291046.htm Mon, 06 May 2013 16:43:21 +0000 Amy O' Connor http://www.insurancejournal.com/?p=291046 Superstorm Sandy may not have hardened the insurance market, but it has changed the way underwriters view the Northeast, a view that catastrophe models will reflect going forward. According to NAPCO’s Spring 2013 State of the Market Report, underwriters and …

The article After Sandy, Underwriters, CAT Models View Northeast Like Southeast: NAPCO appeared first on Insurance Journal.

]]> New Homeowners Insurance Program Available to Coastal Residents in Alabama http://www.insurancejournal.com/news/southeast/2013/05/06/291041.htm Mon, 06 May 2013 16:36:57 +0000 http://www.insurancejournal.com/?p=291041 Frontline Homeowners Insurance, a coastal-focused insurer, is now offering wind and flood coverage to Alabama residents with coastal properties in Mobile and Baldwin Counties. Frontline Homeowners Insurance offers a contractors assist program as part of its coverage, which manages the …

The article New Homeowners Insurance Program Available to Coastal Residents in Alabama appeared first on Insurance Journal.

]]> Zurich Expands Community Banking Products to Zurich Agency Services Agents http://www.insurancejournal.com/news/national/2013/05/02/290646.htm Thu, 02 May 2013 16:32:17 +0000 http://www.insurancejournal.com/?p=290646 Zurich is now working with Zurich Agency Services, Inc., to expand its community banks offering additional agents and brokers. As part of this effort, Zurich worked with ZAS, formerly Universal Underwriters Insurance Services, Inc., to develop an online portal that …

The article Zurich Expands Community Banking Products to Zurich Agency Services Agents appeared first on Insurance Journal.

]]> Schinnerer Adds Crime, Kidnap, Ransom Coverage to Non-Profit Program http://www.insurancejournal.com/news/national/2013/05/02/290635.htm Thu, 02 May 2013 16:22:13 +0000 http://www.insurancejournal.com/?p=290635 Victor O. Schinnerer & Co. has added crime and kidnap, ransom, and extortion coverages to its suite of offerings for non-profits. The new coverages round out the program’s existing offering of directors & officers liability (D&O), employment practices liability (EPLI), …

The article Schinnerer Adds Crime, Kidnap, Ransom Coverage to Non-Profit Program appeared first on Insurance Journal.

]]> ACE Establishes Special Purpose Vehicle, Altair Re http://www.insurancejournal.com/news/international/2013/04/30/290235.htm Tue, 30 Apr 2013 16:32:18 +0000 http://www.insurancejournal.com/?p=290235 ACE Limited has established a $95 million special purpose vehicle, Altair Re, to provide additional collateralized capacity for its global reinsurance business. The capital will be used to support ACE Tempest Re’s global property catastrophe reinsurance portfolio. Altair Re gives …

The article ACE Establishes Special Purpose Vehicle, Altair Re appeared first on Insurance Journal.

]]> INTTRA to Offer Cargo Insurance Through Ocean Shipping E-Commerce Network http://www.insurancejournal.com/news/international/2013/04/29/290134.htm Mon, 29 Apr 2013 16:36:14 +0000 http://www.insurancejournal.com/?p=290134 INTTRA, a global multi-carrier shipping network for ocean freight, has launched a new member service that enables shippers to purchase cargo insurance from marine insurance specialist, FP Marine Risks, via INTTRA’s e-commerce platform. INTTRA members can elect to purchase cargo …

The article INTTRA to Offer Cargo Insurance Through Ocean Shipping E-Commerce Network appeared first on Insurance Journal.

]]> Hartford Steam Boiler Launches Cyber Attack Protection for Small Businesses http://www.insurancejournal.com/news/national/2013/04/29/290124.htm Mon, 29 Apr 2013 16:23:46 +0000 http://www.insurancejournal.com/?p=290124 The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has launched HSB CyberOne, a new cyber risk insurance coverage for small businesses. The new product expands HSB’s suite of products and services designed to protect smaller …

The article Hartford Steam Boiler Launches Cyber Attack Protection for Small Businesses appeared first on Insurance Journal.

]]> FirstComp Launches BOP Policy in Nebraska, Tennessee, More States to Come http://www.insurancejournal.com/news/national/2013/04/26/289914.htm Fri, 26 Apr 2013 16:47:27 +0000 http://www.insurancejournal.com/?p=289914 FirstComp, a division of Markel Service, Inc., has launched a new small business owner policy, FirstComp EssentialBOP, for FirstComp-appointed independent agents writing business in Nebraska and Tennessee. Availability in additional states is forthcoming. FirstComp EssentialBOP provides coverage for typical risks …

The article FirstComp Launches BOP Policy in Nebraska, Tennessee, More States to Come appeared first on Insurance Journal.

]]>