Markets/Coverages News

ACE Westchester Extends Its Product Recall Insurance to Small Businesses

ACE Westchester has launched ACE Recall Plus for Small Business, a product that offers  product recall coverage and crisis management services to the small business market segment. The move follows an increase in the frequency and cost of product recalls …

FranchisePerils Launches Multiline Product for Franchisors

Los Angeles-based FranchisePerils, a division of ExecutivePerils Inc., has launched FranchisorSuite, a comprehensive five-in-one insurance policy written exclusively for franchisors. Tthe policy is designed to protect franchisors against the most common lawsuits filed by franchisees, investors, government agencies and their …

Chubb Survey: Attic Storage Can Cause Homeowner Grief, Hazards

Homeowners who don’t pay attention to what’s going on in their attics can face costly damage that can spread throughout their entire home, warns a new survey sponsored by the Chubb Group of Insurance Companies. According to the survey of …

ACE Commercial Risk Launches Small Business Vacancy Protection

ACE Commercial Risk Services has launched new Vacant Building and Vacant Land insurance products for select small businesses to address the potential risks harbored within unoccupied properties. The products include an online underwriting platform for five-minute quoting and binding. The …

XL’s New Standalone Terrorism Policy Addresses TRIPRA Gaps

XL Group’s U.S. Crisis Management business has introduced a new standalone terrorism insurance policy intended to help U.S. businesses address potential gaps in coverage provided by the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA). With TRIPRA reauthorization still in question …

K&B Underwriters in Virginia Partners With Freedom Specialty

K&B Underwriters, a Reston, Virginia-based program administrator and wholesale insurance brokerage for senior living facilities, announced its partnership with New York-based Freedom Specialty for its DigniCARE insurance program. Under the partnership, K&B Underwriters will have binding authority with Freedom Specialty …

Liberty Mutual Offers Cyber Cover for Small, Mid-Sized Businesses

Liberty Mutual Insurance has launched cyber coverages on its commercial package products and monoline general liability policies for small- to mid-sized businesses. The new Data Security endorsement provides four optional coverages, each with separate and varying aggregate limits, sub-limits, and …

Allied World Launches Network Security Insurance Product for Canada

Allied World Assurance Company Holdings AG announced the launch of Allied World North America’s privacy and network security insurance product, called Privacy//101SM, which is tailored for the Canadian marketplace. Designed for small to mid-size companies, including law firms, healthcare and …

IKEA, Ikano Group Testing Affordable Accident & Health Cover in Sweden

OMIFALL, a Swedish health insurance product for pregnant women and children, came about as a “mutual dream” between home furnishings icon IKEA and its sister company, Ikano Group. The dream was to create and easily distribute an affordable alternative to …

AssureStart Online Small Business Insurance Now Sold in California

AssureStart, a Seattle-based online small business insurance provider, is now open for business in California. AssureStart sells business property and general liability insurance on the Internet to small businesses with fewer than 30 employees. By answering a few questions on …