Markets/Coverages News

Travelers to Offer Small Business Insurance in UK via Online Platform

The Travelers Cos. Inc. announced it will offer insurance directly to UK small businesses with fewer than 10 employees and less than £2.5 million ($3.7 million) in revenues. The online platform will initially be available for office businesses, such as …

Vertafore Expands Comparative Rating System Into Florida Property Market

Vertafore, a provider of insurance technology, has added several new homeowner carriers to their flagship comparative rating system PL Rating, expanding the company’s reach into the Florida property market. Since its acquisition of QQSolutions, a Florida-based agency management system and …

General Star Adds Artisan Contractor Coverage in Select States

General Star Management Company has added artisan contractor coverage to its delegated authority product offerings. Consisting of 25 artisan contracting classes, the new coverage will be available in Maine, Massachusetts, New Hampshire, New Jersey, Oklahoma and Vermont. This primary CGL …

CAMICO to Offer Enhanced Coverage for CPA Firms Through New Berkley Company

CAMICO, a CPA-directed program of insurance and risk management for the accounting profession, and Berkley Alliance Managers (BAM), a W. R. Berkley Company, have announced new insurance policies with enhanced coverage. Policies are issued by W. R. Berkley Insurance Group …

Ironshore’s Pembroke Agency Partners with Old Mutual for Africa Risks

Ironshore’s Pembroke Managing Agency Ltd. has entered into a management agreement with Old Mutual Group to underwrite select specialty lines for African risks. Pembroke’s Lloyd’s Syndicate 4000 partners with Old Mutual Specialty Insurance, to offer coverage for multiple property, casualty …

Allied World Addresses Non-Payment Exposure With Accounts Receivable Coverage

Allied World Assurance Company Holdings, AG has launched its Accounts Receivable Insurance in the United States and Canada. The coverage is designed to assist CFOs and senior financial executives with mitigating the risk of non-payment due to customer default or …

Tokio Marine Covers Geothermal Power Firms from Hot Springs Risk

Tokio Marine & Nichido Fire Insurance Co. has begun offering a type of insurance intended to ease the concern of hot springs operators about the impact of new geothermal power stations. Developers of geothermal power projects can now buy an …

XL Catlin Launches Wholesale Contractors’ Pollution, Professional Coverage

XL Catlin’s North America Environmental insurance business has introduced a new wholesale pollution and professional insurance policy designed to help U.S. trade contractors address their contractual obligations to provide environmental liability and professional liability protection. In addition to professional liability …

Farmers Insurance Expands Rideshare Insurance Coverage to 3 States

Farmers Insurance has expanded its Rideshare Insurance Coverage to drivers in Idaho, Maryland, and North Dakota. Farmers worked with representatives of the states’ insurance departments, legislators and leaders of Transportation Network Companies (TNCs) to develop a product specifically designed for …

HSB Introduces Personal Lines Cyber Insurance Program

The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has introduced HSB Home Cyber Protection, a personal lines cyber insurance program for consumers. HSB Home Cyber Protection offers a suite of cyber coverage and services for …