Insurance Journal » Markets http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Sun, 19 May 2013 04:43:21 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Lockton: Companies Overlooking Most Crucial Part of Kidnap & Ransom Insurance http://www.insurancejournal.com/news/national/2013/05/17/292500.htm Fri, 17 May 2013 16:46:38 +0000 http://www.insurancejournal.com/?p=292500 The ransom and extortion industry’s danger zone has expanded well beyond Central and South America, yet companies tend to downplay the importance of a kidnap & ransom insurance policy, according to a new report by Lockton. The report, authored by …

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]]> Liberty International Launches Marine Business Owner Policy http://www.insurancejournal.com/news/national/2013/05/16/292117.htm Thu, 16 May 2013 10:00:04 +0000 http://www.insurancejournal.com/?p=292117 Liberty International Underwriters (LIU), part of the Global Specialty unit of Liberty Mutual Insurance, has launched a new policy designed to cover marine liability and property related risks for small and mid-size marine businesses owners and operators. The new policy, …

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]]> Travelers Launches OnDemand Risk Control Service for Commercial Clients http://www.insurancejournal.com/news/national/2013/05/15/292047.htm Wed, 15 May 2013 16:59:15 +0000 Amy O' Connor http://www.insurancejournal.com/?p=292047 The Travelers Insurance Cos. has launched an interactive, on demand service for property and casualty insureds looking to manage and mitigate their business risks. The new service, called Risk Control OnDemand, connects Travelers risk experts with insureds through screen share …

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]]> Frontline Insurance Approved for Coastal Homeowners in Delaware http://www.insurancejournal.com/news/east/2013/05/15/291974.htm Wed, 15 May 2013 15:44:18 +0000 http://www.insurancejournal.com/?p=291974 Frontline Insurance, a provider of coastal homeowners coverage, is now licensed in Delaware. Frontline already operates in Florida and South Carolina and recently announced a new coverage program for Alabama residents, including wind and flood all in one package. A …

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]]> Hudson Insurance Group Now Writing Excess Business in New York http://www.insurancejournal.com/news/east/2013/05/15/291955.htm Wed, 15 May 2013 15:06:48 +0000 http://www.insurancejournal.com/?p=291955 Hudson Insurance Group, the U.S. Insurance Division of Odyssey Re Holdings Corp. has received approval from the Excess Line Association of New York to write excess line business in the State of New York through Hudson Excess Insurance Co. Hudson …

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]]> MetLife Auto & Home Expands Identity Protection Coverage http://www.insurancejournal.com/news/national/2013/05/13/291756.htm Mon, 13 May 2013 16:55:35 +0000 http://www.insurancejournal.com/?p=291756 MetLife Auto & Home has enhanced its identity protection services to include assistance for digital threats, such as e-mail and social media compromise, as well as data breach victim assistance. The services are provided as part of the company’s identity protection program, …

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]]> Zurich Programs, Aon Affinity to Cover Non-Profit Long-Term Care Organizations http://www.insurancejournal.com/news/national/2013/05/13/291739.htm Mon, 13 May 2013 16:40:27 +0000 http://www.insurancejournal.com/?p=291739 Zurich  North America Commercial’s Programs & Direct Markets business has entered into an agreement with Aon Affinity, the consumer, association and group program business of Aon plc to offer coverage to non-profit long-term care organizations. The program will be available …

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]]> First Capital, Hudson Insurance Group Launch Insurance Services PL Facility http://www.insurancejournal.com/news/national/2013/05/10/291504.htm Fri, 10 May 2013 10:00:12 +0000 http://www.insurancejournal.com/?p=291504 First Capital-AWIS, LLC (First Capital) and Hudson Insurance Group (Hudson) have introduced a new insurance services professional liability primary and excess facility underwritten by Hudson and administered exclusively by First Capital. The facility offers a range of insurance services classes, …

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]]> Bliss & Glennon Launches Nutraceutical, Nutrition, Lifestyle Program http://www.insurancejournal.com/news/west/2013/05/10/291509.htm Fri, 10 May 2013 10:00:07 +0000 http://www.insurancejournal.com/?p=291509 Redondo Beach, CA-based Bliss & Glennon, Inc.’s Complex Casualty division of has launched a new specialty program for the nutraceutical/health/nutrition/natural products industry. The product is supported by a national AM Best “A+” rated insurance company with claims servicing expertise in …

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]]> Argo Pro to Offer Professional Liability Products Through San Francisco Office http://www.insurancejournal.com/news/west/2013/05/09/291442.htm Thu, 09 May 2013 16:30:14 +0000 http://www.insurancejournal.com/?p=291442 Argo Pro, a member of Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, has expanded its national presence to San Francisco to serve the growing needs of the professional liability insurance market in the …

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]]> NAS Insurance Launches Live Event Insurance Division http://www.insurancejournal.com/news/national/2013/05/09/291348.htm Thu, 09 May 2013 10:00:56 +0000 http://www.insurancejournal.com/?p=291348 NAS Insurance Services has introduced a new brand for its its Entertainment & Sports division called Alive Risk, to meet the growing demand for specialized live event insurance coverage. Headed by Jerid Schmickle and Tim Troester, the new business unit …

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]]> Trinity Underwriting Managers Launches New Inland Marine Program http://www.insurancejournal.com/news/national/2013/05/09/291354.htm Thu, 09 May 2013 10:00:47 +0000 http://www.insurancejournal.com/?p=291354 Georgia-based program administrator Trinity Underwriting Managers, Inc. (TUMI) has expanded its commercial auto underwriting capabilities. TUMI recently established a relationship with an “A+” rated carrier in which it underwrites a wide array of inland marine coverages including, but not limited …

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]]> Identifying and Mitigating Agent E&O Exposures in the High-Net Worth Segment http://www.insurancejournal.com/news/national/2013/05/09/291334.htm Thu, 09 May 2013 10:00:14 +0000 Amy O' Connor http://www.insurancejournal.com/?p=291334 As the Internet continues to take hold over the independent insurance agent’s market share, the value-added services a broker can provide to their clients are more important than ever, especially in the high-net worth space. Being an advisor, and not …

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]]> ACE Launches New Management Liability Options for Health Care Organizations http://www.insurancejournal.com/news/national/2013/05/08/291318.htm Wed, 08 May 2013 16:59:08 +0000 http://www.insurancejournal.com/?p=291318 The ACE Group has launched ACE Express Private Health Care Protection and ACE Express Not-For-Profit Health Care Protection policies specifically designed for the new exposures facing health care organizations. The policies address exposures such as an increase in False Claims …

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]]> XL Group to Offer Shariah Complaint Insurance Coverage http://www.insurancejournal.com/news/international/2013/05/08/291306.htm Wed, 08 May 2013 16:50:14 +0000 http://www.insurancejournal.com/?p=291306 XL Group has launched Shariah compliant insurance cover for large corporate and middle market clients. Initially it will focus on property cover, with a maximum capacity of up to $300 million. The coveragevfinacntargets markets worldwide, with the exception of the …

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]]> Rockwood Decreases Agent E&O Rates in Massachusetts, California, Texas http://www.insurancejournal.com/news/national/2013/05/07/291147.htm Tue, 07 May 2013 16:58:23 +0000 http://www.insurancejournal.com/?p=291147 Rockwood Programs has implemented underwriting guideline changes to its P&C Agents E&O program. The modifications will result in a rate decrease in the states of California, Massachusetts, Nevada, and Texas. The exact amount of the decrease will be dependent on …

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]]> After Sandy, Underwriters, CAT Models View Northeast Like Southeast: NAPCO http://www.insurancejournal.com/news/national/2013/05/06/291046.htm Mon, 06 May 2013 16:43:21 +0000 Amy O' Connor http://www.insurancejournal.com/?p=291046 Superstorm Sandy may not have hardened the insurance market, but it has changed the way underwriters view the Northeast, a view that catastrophe models will reflect going forward. According to NAPCO’s Spring 2013 State of the Market Report, underwriters and …

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]]> New Homeowners Insurance Program Available to Coastal Residents in Alabama http://www.insurancejournal.com/news/southeast/2013/05/06/291041.htm Mon, 06 May 2013 16:36:57 +0000 http://www.insurancejournal.com/?p=291041 Frontline Homeowners Insurance, a coastal-focused insurer, is now offering wind and flood coverage to Alabama residents with coastal properties in Mobile and Baldwin Counties. Frontline Homeowners Insurance offers a contractors assist program as part of its coverage, which manages the …

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]]> Zurich Expands Community Banking Products to Zurich Agency Services Agents http://www.insurancejournal.com/news/national/2013/05/02/290646.htm Thu, 02 May 2013 16:32:17 +0000 http://www.insurancejournal.com/?p=290646 Zurich is now working with Zurich Agency Services, Inc., to expand its community banks offering additional agents and brokers. As part of this effort, Zurich worked with ZAS, formerly Universal Underwriters Insurance Services, Inc., to develop an online portal that …

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]]> Schinnerer Adds Crime, Kidnap, Ransom Coverage to Non-Profit Program http://www.insurancejournal.com/news/national/2013/05/02/290635.htm Thu, 02 May 2013 16:22:13 +0000 http://www.insurancejournal.com/?p=290635 Victor O. Schinnerer & Co. has added crime and kidnap, ransom, and extortion coverages to its suite of offerings for non-profits. The new coverages round out the program’s existing offering of directors & officers liability (D&O), employment practices liability (EPLI), …

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]]> ACE Establishes Special Purpose Vehicle, Altair Re http://www.insurancejournal.com/news/international/2013/04/30/290235.htm Tue, 30 Apr 2013 16:32:18 +0000 http://www.insurancejournal.com/?p=290235 ACE Limited has established a $95 million special purpose vehicle, Altair Re, to provide additional collateralized capacity for its global reinsurance business. The capital will be used to support ACE Tempest Re’s global property catastrophe reinsurance portfolio. Altair Re gives …

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]]> INTTRA to Offer Cargo Insurance Through Ocean Shipping E-Commerce Network http://www.insurancejournal.com/news/international/2013/04/29/290134.htm Mon, 29 Apr 2013 16:36:14 +0000 http://www.insurancejournal.com/?p=290134 INTTRA, a global multi-carrier shipping network for ocean freight, has launched a new member service that enables shippers to purchase cargo insurance from marine insurance specialist, FP Marine Risks, via INTTRA’s e-commerce platform. INTTRA members can elect to purchase cargo …

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]]> Hartford Steam Boiler Launches Cyber Attack Protection for Small Businesses http://www.insurancejournal.com/news/national/2013/04/29/290124.htm Mon, 29 Apr 2013 16:23:46 +0000 http://www.insurancejournal.com/?p=290124 The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has launched HSB CyberOne, a new cyber risk insurance coverage for small businesses. The new product expands HSB’s suite of products and services designed to protect smaller …

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]]> FirstComp Launches BOP Policy in Nebraska, Tennessee, More States to Come http://www.insurancejournal.com/news/national/2013/04/26/289914.htm Fri, 26 Apr 2013 16:47:27 +0000 http://www.insurancejournal.com/?p=289914 FirstComp, a division of Markel Service, Inc., has launched a new small business owner policy, FirstComp EssentialBOP, for FirstComp-appointed independent agents writing business in Nebraska and Tennessee. Availability in additional states is forthcoming. FirstComp EssentialBOP provides coverage for typical risks …

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]]> CompWest, Phoenix Risk Management to Offer WC for California Healthcare Workers http://www.insurancejournal.com/news/west/2013/04/26/289882.htm Fri, 26 Apr 2013 16:23:40 +0000 http://www.insurancejournal.com/?p=289882 The steady rise in employment in the health care industry over the last six years, as jobs in most other fields disappeared, has created an opportunity for expansion for Accident Fund Holdings, Inc. in the health care area of the California workers’ …

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]]> ACE, Trust Risk Management Launch Small Healthcare Provider Program http://www.insurancejournal.com/news/national/2013/04/26/289673.htm Fri, 26 Apr 2013 10:00:23 +0000 http://www.insurancejournal.com/?p=289673 ACE USA’s Medical Risk Group has expanded its relationship with Trust Risk Management Services, Inc. (TRMS) to offer an admitted professional and general liability policy designed to provide insurance protection to a variety of individuals and small groups of six …

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]]> W. R. Berkley Corp. Creates Berkley Design Professional Underwriters http://www.insurancejournal.com/news/national/2013/04/24/289621.htm Wed, 24 Apr 2013 16:44:29 +0000 http://www.insurancejournal.com/?p=289621 W. R. Berkley Corp. has launched Berkley Design Professional Underwriters to focus on liability coverage for architects and engineers, nationwide. Products will be distributed through independent agents and underwritten on an admitted basis on behalf of W. R. Berkley Corp. …

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]]> Wells Fargo Insurance Launches U.S.-Based International Specialty Group http://www.insurancejournal.com/news/international/2013/04/24/289611.htm Wed, 24 Apr 2013 16:29:55 +0000 http://www.insurancejournal.com/?p=289611 Wells Fargo Insurance, part of Wells Fargo & Co., is expanding its International Specialty Group by establishing three new teams solely dedicated to serving the insurance and risk management needs of U.S. multinational companies. Based in Atlanta, New York City, …

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]]> Crum & Forster to Offer DriveCam Services to Policyholders http://www.insurancejournal.com/news/national/2013/04/23/289496.htm Tue, 23 Apr 2013 16:56:19 +0000 http://www.insurancejournal.com/?p=289496 Crum & Forster (C&F) will now offer DriveCam’s managed services to its policyholders as part of C&F’s loss control/safety management services. DriveCam addresses safety by combining data and video analytics with real-time driver feedback and coaching, resulting in reductions in …

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]]> ACE International Expands Travel Risk Coverage to Renewable Energy Industry http://www.insurancejournal.com/news/international/2013/04/23/289480.htm Tue, 23 Apr 2013 16:23:44 +0000 http://www.insurancejournal.com/?p=289480 ACE Commercial Risk Services, the U.S.-based small business insurance division of the ACE Group, has added additional capability enhancements to its portal www.ACEAdvantage.NET, the Internet-based rating system of its ACE International Advantage® division. The portal now includes international trip/travel coverage …

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