Markets/Coverages News

General Star Expands Products Liability Appetite to 50 New Classes of Business

General Star Management Co. has added 50 classes for products liability offered by the Delegated Division, Contract P&C Unit. In addition, the gross receipts threshold for eligibility has been increased from $1.5 million to up to $5 million subject to …

Online Agency Insureon Secures $3B in Capacity from Lloyd’s to Launch MGA for Small Business

Insureon, an online agency for small business insurance, has formed a new managing general agency (MGA), Insureon Underwriting Managers, which will operate as a division of Insurance Noodle, the company’s wholesale brokerage subsidiary. The new MGA will target hard-to-place coverage …

Philadelphia, UCPM to Offer Storage Tank Pollution Coverage

Philadelphia Insurance Companies has partnered with UCPM, Inc., an environmental insurance provider, to offer storage tank pollution liability coverage. The new Storage Tank Environmental Policy (STEP) protects policyholders from claims for bodily injury, property damage, and remediation expenses associated with …

Chubb Launches Biogas & Solar (Cleantech) Insurance Solution in UK & Ireland

Chubb has launched a new insurance proposition for biogas and solar plants, projects or facilities, in the UK and Ireland as it continues to expand its cleantech offering. Biogas and solar are playing an increasing role in the UK’s energy …

Pen Canada Launches E-Traded D&O Platform in Response to Broker Demand

Pen Underwriting Canada has launched a purpose-built, e-trading platform for directors and officers insurance, in response to broker demand for a quick-quote, competitive D&O solution. The platform is simple, straightforward and responsive – able to quote and issue a policy …

Uptick in Lawyers’ Liability Claims; Business Transactions Top Claim: Study

Law firms have seen an increase in the frequency of malpractice claims, which are becoming more costly to defend and could cause lasting reputational damage, according to a new study by insurance broker Ames & Gough. The study found that …

BHSI Launches Cyber Liability Cover in Australia; Osgood Leads Product Line

Berkshire Hathaway Specialty Insurance Company (BHSI) announced it has introduced cyber liability insurance in Australia and named Emma Osgood as head of Cyber Liability in the region. BHSI is focusing on the mid-to-large-tier market segment and will tailor solutions for …

Everest Insurance Expands Umbrella, Excess Casualty Offering

Everest Insurance has expanded its umbrella and excess casualty offering with their new Peak Protect policy form. Peak Protect is an enhanced commercial umbrella policy form. Everest has also included Crisis Event Protection coverage on the new form, with an …

BUA Launches Prize & Promotion Insurance Services, Taps Woodbury to Lead

BUA, LLC of Portsmouth, N.H., has launched Prize & Promotion Insurance Services (PPI). PPI will be led by 25-year industry veteran, Jack Woodbury. PPI will focus on three main promotion insurance product lines: Prize Indemnity Insurance covers prizes that are …

AIG Unleashes New Primary Cyber Policy for Property/Liability Exposures

AIG rolled out a new standalone cyber policy that provides primary insurance protection for a wide range of related risks. The insurance giant is marketing CyberEdge Plus as offering primary protection for property damage, bodily injury, business interruption, product liability …