Markets/Coverages News

K&K Launches New Venue, Facilities Program

K&K Insurance Group, Inc., a subsidiary of Aon plc has launched a program with enhanced coverage options for venues and other facilities. The venues program provides coverage for facilities, arenas, amphitheaters, auditoriums, civic centers, coliseums, convention centers, movie theaters, music …

Home Emergency Insurance Solutions Relaunches Home Protection Plans in California

HomeServe USA’s subsidiary Home Emergency Insurance Solutions (HEIS), is relaunching its optional Water Service Line Insurance plans as home protection plans to more than 425,000 households across the state of California. A mailing outlining the new benefits of the Plans …

MAPFRE Insurance Enters Pennsylvania Auto, Home Insurance Market

MAPFRE Insurance has entered the Pennsylvania insurance market. MAPFRE’s operations in Pennsylvania will be headquartered in King of Prussia and the company will offer private passenger automobile and homeowners insurance to customers through its network of independent agents. MAPFRE’s launch …

Markel Now Underwriting Trade Credit Insurance in U.S.

Markel Corp. is now underwriting trade credit insurance in its New York office. Policies will be underwritten on an admitted basis, utilizing two Markel insurance companies, Markel American Insurance Co. and Markel Insurance Co. Products may not be available in …

ACE Expands Life Sciences Coverage through Wholesale Division

ACE Group has expanded its suite of products developed to address the needs of U.S.-based life sciences companies through its wholesale-focused business, ACE Westchester Professional Risk. The ACE Westchester Professional Risk Life Sciences policy addresses the exposures faced by life …

K&K Insurance Launches Resort Program

K&K Insurance Group, Inc., a subsidiary of Aon plc, has launched a new program created specifically for destination and vacation resorts including guest ranches. This resort program is for operations that offer hotel, lodge or cabin rentals and include full …

AIG Responds to Supreme Court ‘Fraud on the Market’ Ruling with D&O Endorsement

American International Group, Inc. (AIG) insurers have introduced a new policy endorsement that ensures primary directors and officers (D&O) policy funds are immediately available to clients named as defendants in securities lawsuits for the preparation of “event studies.” The endorsement …

Philadelphia Launches Commercial Excess Flood Coverage

Philadelphia Insurance Cos. (PHLY) is now offering commercial excess flood coverage to complement its commercial primary flood product. PHLY’s new excess coverage competitively priced and available at limits higher than the National Flood Insurance Program (NFIP) for businesses. Through PHLY’s …

Schinnerer Adds Private Company Management Liability Program

Underwriting manager Victor O. Schinnerer & Co. has launched a private company management liability program. The private company program is offered to a range of eligible industries with up to $1 billion in total assets. The program, offered on admitted …

Zurich Introduces Property Coverage for Cloud-Dependent Companies

Zurich North America has introduced new property coverage for cloud-dependent, middle-market companies. As the new property coverage enhancement for companies is not location specific, Zurich now offers insurance coverage for the cyber risks of cloud computing as well as business …