policy News

XL Group Launches New Umbrella Casualty Form

XL Group plc’s Excess Casualty’s North American Umbrella team has launched a new umbrella policy form. The enhanced “A/B Umbrella” form offers two insuring agreements in one policy. Insuring Agreement A follows the terms of underlying primary insurance therefore eliminating …

Insurance Company Asks: Do Powell Siblings Get Money?

A life insurance company has asked a judge to decide whether any of Josh Powell’s relatives are entitled to collect on a $1.5 million policy after he killed himself and his two sons in a Washington house fire last month. …

Lloyd’s Issues First Direct Insurance Policy in China

Lloyd’s announced that it has issued its first direct insurance policy in China through its fully owned subsidiary – Lloyd’s Insurance Company (China) Limited, in a move which “marks the next step in its strategy to become a major provider …

Willis Develops New Coverage for Nuclear Exclusion Risk

Willis Group Holdings plc announced from its London office that it has developed a new insurance product “to cover business interruption costs for companies with key locations, suppliers or customers situated in the vicinity of a nuclear power station, should …

Lloyd’s Writes the Ultimate Travel Policy for Sarah Outen

Lloyd’s has insured a football player’s hair, the anatomical attributes of various celebrities, and even a Frenchman’s heroic crossing of the English Channel in a bathtub. So, where else would English adventuress and world record holder Sarah Outen go to …