Markets/Coverages News

Palomar, TriCoast Insurance Launch Windstorm-Hurricane Product in Hawaii

Palomar Specialty Insurance Co. has partnered with TriCoast Insurance Services, LLC to offer a residential windstorm-hurricane insurance product in Hawaii. The product is a stand-alone hurricane coverage that will be offered through local independent agents. Palomar’s stand-alone residential hurricane program …

HCC Specialty Partners with Weather Analytics

Specialty insurance underwriter HCC Specialty has formed a strategic alliance with Maryland-based Weather Analytics, a provider of precision climate, and weather data and analytics.  Through this strategic alliance, HCC Specialty will have access to historical and real-time global hourly data …

TUMI Now a Lloyd’s Coverholder, Launches Auto Liability & Transportation Programs

Trinity Underwriting Managers, Inc. (TUMI), a Georgia-based program administrator, is now an approved Lloyd’s Coverholder and recently began underwriting business on behalf of certain underwriters at Lloyd’s.  Available coverages include, but are not limited to: motor truck cargo, auto physical …

Norman-Spencer Marine Launches TradeWinds Yacht Insurance Program

The Norman-Spencer Agency, Inc.’s marine insurance services division has launched the TradeWinds Yacht Insurance Program. According to Paul Sexton, vice president of Norman-Spencer’s marine insurance services division, the addition of the new TradeWinds yacht program will drive Norman-Spencer’s growth in …

Carfax Launches Online Crash Report Service

Carfax has created a new online source – Crashdocs.org – to instantly access automobile accident reports from police departments. Through one online spot, crash reports are available from police departments across the U.S. and  from a rapidly growing number of …

Argo Insurance Offers New Excess Casualty Facility

Argo Insurance, the Bermuda-based platform for Argo Group International Holdings’ worldwide professional and casualty lines, has launched a new excess casualty facility. Effective immediately, the new offering provides an additional $25 million in limits for targeted industries. The new facility …

XL Launches Primary Auto Product Line, Taps Miller to Lead

XL Group’s excess & surplus (E&S) insurance is adding primary auto capabilities to its product line and has added Andrew Miller as underwriting manager to lead this business. According to John Goodloe, president of XL Group’s E&S business, the company …

UCPM Environmental Launches Program for Indoor Air Quality, Mold Liability

UCPM, Inc., an environmental insurance provider, has partnered with Great American Insurance Co. to offer the IAQ Advantage package for indoor air quality and mold liability coverage. This online program targets real estate locations including apartments, condos, hotels, offices, and …

Specialty Insurance Group Increases Casualty Capacity to $25M

Specialty Insurance Group (SIG) has increased its excess/umbrella coverage underwriting capacity to $25 million, an increase of $15 million. SIG provides specialty insurance programs in the sports, leisure and entertainment industries. According to SIG, an affiliate of Everest Re Group, …

New ISO Cyber Endorsements for Small, Medium Businesses Now Available

ISO’s new cyber insurance coverage options for small and midsize businesses became available March 1. The optional cyber endorsements are for use with the ISO Businessowners Program, a package policy used by insurers to provide broad property and liability coverage …