Markets/Coverages News

XL Group Launches K&R Coverage with Crisis Management Advisory Services

XL Group has launched a kidnap, ransom & extortion (KRE) crisis policy that features a new agreement with risk consultancy, Terra Firma Risk Management LLP.  Through the agreement, XL Group’s new KRE coverage is accompanied by response capabilities and crisis …

Century Risk Advisors Launches Professional Liability Division

Century Risk Advisors (CRA), an independent brokerage and risk management agency, has launched a new Professional Practice Division that will specialize in creating risk management and insurance programs for law firms, accounting firms, and other professional practices.  The new division …

Ironshore Personal Lines Adds Fine Arts, Valuables Endorsement

Ironshore’s Personal Lines unit has expanded coverages available for high-net worth insured homeowners.  Ironshore clients can now obtain an endorsement for itemized fine art, jewelry, private collections, and other personal valuables.  Ironshore’s ‘personal articles floater’ is available to homeowner insureds …

General Star Expands Coverage for Hazardous Specialty Training Operations

General Star Management Co. has enhanced its coverage for specialty training operations and seeks those that are privately operated providing classroom or physically active training in which participants are engaged in physically demanding or hazardous activities. This includes light, moderate …

Allied World U.S. Launches Coverage for Liability, Expenses of Privacy Breach

Allied World U.S. has launched Privacy//403 SRVS, a Specified Response Vendor Solution (SRVS) policy to provide coverage for liability and expenses associated with the compromise of sensitive information and information systems, in the event of a data breach. The Privacy//403 …

Cyber Coverage Demand Increased in 2013, Trend to Continue in 2014: Marsh

Demand for cyber insurance rose by 21 percent across all industries in 2013 compared to 2012, and early indications in 2014 are that the buying trend is accelerating, according to a Marsh Risk Management Research report. Marsh found that financial …

Ironshore Personal Lines Launches Primary Flood Coverage for High Value Homes

Ironshore’s Personal Lines unit has expanded property coverage protection for high net worth homeowners.  Ironshore will offer a primary flood option as part of its homeowners insurance for properties valued at $1 million or more in selected states nationwide. By …

Venture Expands Cyber Liability Coverage to Hospitality Industries

Venture Insurance Programs has expanded and enhanced privacy and data breach protection for its PREFERRED CLUB program for golf and country clubs, and its Suitelife programs for hotels and resorts. The policy offers flexible, less expensive coverage for the costs …

Stratton Agency Acquires Willis Insurance Services Retail Pizza Program

Stratton Agency, an independent insurance brokerage, has acquired Willis Insurance Services retail pizza program. This purchase, initiated by the PizzaSurance division, includes hundreds of pizzeria clients in 38 states across the country. PizzaSurance by Stratton Agency is a customized insurance …

Crestbrook Insurance Expands into California, More States to Come

Crestbrook Insurance Co., an affluent market personal lines carrier, has expanded its products and services to independent agents and their clients in California. After launching in Illinois last October, the Nationwide Insurance subsidiary will continue to expand into Washington, Arizona, …