new product News

AIG Expands Cyber Coverage to Include Physical Risks from Cyber Events

AIG has expanded its cyber insurance offering to include property damage and bodily injury exposures. This new cyber offering provides commercial customers a way to manage physical risks to their operations from cyber attacks and cyber security failures. AIG’s expanded …

RPX Launches Non-Practicing Entity Patent Litigation Insurance with Lloyd’s

RPX Corp., a provider of patent risk management products, has launched a new insurance service for businesses facing patent infringement litigation with non-practicing entities (NPEs).  As a coverholder at Lloyd’s, RPX Insurance Services, LLC will provide marketing, underwriting, and claims …

Zurich Launches Risk Management Tool for Financial Institutions

Zurich has launched a new Enterprise Risk Management (ERM) healthcheck assessment tool for financial institutions.  The tool was created to assist financial institutions in response to recent regulations making them more accountable for risk management. “The ERM Healthcheck helps financial …

Secure Settlements Launches Mortgage Settlement Insurance

Secure Settlements, Inc. (SSI), a data intelligence and risk analytics company for the mortgage industry, has partnered with RFIB Group Ltd. and certain underwriters at Lloyd’s of London to offer a new product that will insure lenders utilizing SSI’s ClosingGuard …

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 …

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 …

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 …

Endurance Insurance Enhances Network Security, Privacy Coverage

Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has enhanced its Endurance Premier Professional product with Endurance Breach Assist, a network security and privacy offering. Endurance Breach Assist provides insureds with comprehensive coverage …

Lockton, Visiting Nurses Association Launch Professional Liability Program

The Visiting Nurse Associations of America (VNAA) and specialty broker Lockton Affinity have launched a new insurance program to protect nurses and Visiting Nurse Association member agencies. VNAA is sponsoring the professional liability insurance program to provide enhanced protection for …

Capital Insurance Group Adds EPLI Coverage to Business Owner Policies

Capital Insurance Group (CIG) has expanded its employment practices liability insurance (EPLI) option to include business owner policies (BOP). The expanded policy option offers protection for organizations with up to 250 employees with a limit of $1 million. Organizations with 50 …