Markets/Coverages News

William Gallagher, Miller Insurance Offer Ebola Business Interruption Cover

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 …

XL Group Adds Kidnap, Ransom & Extortion to Yacht Insurance

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 …

All Trans Risk, Fireman’s Fund Target Para-Transit Industry

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 …

Is Ebola Compensable Under Workers’ Compensation?

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. …

Abacus Brokers, Golden Bear Launch Online Earthquake Program

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 …

Insurance Noodle Launches New Facility for Salon & Spa Services Risks

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 …

NFL Teams with Petersen International on Disability Program

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 …

AIG Boosts Railroad Excess Liability Coverage to $1 Billion

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 …

Berkshire Hathaway Specialty Offers Fiduciary Liability Product

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 …

Marijuana and Workers’ Compensation on Industry’s Watch List

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 …