Markets/Coverages News

Starr Companies Enhances Crime & Fidelity Endorsement

Starr Companies has launched an enhanced crime & fidelity endorsement expanding coverage for fraudulent impersonation losses. According to Brian Inselberg, senior vice president, Financial Lines,  the enhanced coverage offers coverage for losses associated with certain transfers of tangible property because …

The Hartford Expands Management Liability Coverage to Nonprofits

The Hartford has expanded its flagship management liability offering, Private Choice Premier, to include management liability coverage integrated with risk management services for nonprofit organizations. Private Choice Premier for nonprofits offers coverage to protect against: Directors, officers and entity liability …

CFC Partners With CyberScout on Specialty Lines Identity Protection Services

CFC Underwriting has partnered with CyberScout, an identity management and data theft service company, to offer cyber support services to its customers internationally. CyberScout provides CFC customers with help in three areas: identity theft remediation, consumer notification and cyber fraud …

RMS Launches New Models for Tropical Cyclone & Earthquake in Asia Pacific

RMS, the Newark, Calif.-based risk modeling and analytics firm, has introduced typhoon models for wind and flood for South Korea and Taiwan, plus four new earthquake models for Singapore, Malaysia, Thailand and Vietnam. This launch augments the company’s existing suite …

Swiss Re, Ping An Offer China’s 1st Mobile-Enabled Parametric Insurance Cover

Swiss Re has partnered with Ping An Property & Casualty Insurance Co. of China Ltd. to launch China’s first mobile-enabled typhoon property parametric insurance solution. This solution is designed to provide an affordable, easy-to-use insurance product for both individuals and …

Munich Re US Launches Commercial Drone Operator Liability Endorsement

Munich Reinsurance America Inc. (Munich Re, US), has launched a new commercial drone insurance product that offers customized liability for insurance companies and their small-to-medium size businesses using drones under Federal Aviation Agency (FAA) Rule 107. Rule 107 went into …

Chubb Launches New MasterPackage Policy for Tech Firms in UK, Ireland

Chubb has announced the launch of an expanded MasterPackage solution for technology companies domiciled in the UK and Ireland. The company described it as a comprehensive first and third party policy catering specifically “for the unique insurance needs of technology developers, …

Ironshore M&A Unit Updates Transactional Liability Product for Healthcare Risks

  Ironshore’s Mergers & Acquisitions and Tax unit has updated its transactional liability product to address regulatory risks in the healthcare sector. Ironshore now offers a single limit and single retention coverage policy for healthcare transactions with capacity limits of …

New Flood Insurance Product For Florida Homeowners Available from American Integrity

American Integrity Insurance Group (AI), a Florida-based insurance provider, has unveiled a private flood insurance option for homeowners. AI is one of nine Florida-based insurers to offer its own flood program that includes a Florida Office of Insurance Regulation (FOIR) …

Kinsale Launches Liability Product for Public Officials

The Public Entity Division of Kinsale Insurance Company is now offering public official liability coverage that provides for damages and defense costs for wrongful acts alleged against a public entity, an elected or appointed public official, or an employee. Employment …