property coverage News

No. It’s Not Just the Insurance Company’s Fault the Policy is Hard to Read

One of the blogs that I love to read is the Property Insurance Coverage Law Blog by Merlin Law Group. You may not like this, but I find many of the insights by Chip and the team to be compelling …

CRC Group Launches Insurisk Brand, Partners with AMRISC on Property Products

CRC Group has launched Insurisk, a new brand name for its products. Additionally, CRC Group has formed an exclusive partnership with AMRISC, LLC to build new property products under the Insurisk name. Accirdubg to Dave Obenauer, CRC Group’s CEO, Insurisk …

Atlas General Insurance Recognized as a Top Workplace by San Diego Union Tribune

San Diego, CA, November 14, 2018 – Atlas General Insurance Services, LLC (‘Atlas’), a national multi-line program administrator, has for the third time been named as one of the Top Workplaces in San Diego by the San Diego Union Tribune. …

Virginia Reminds Homeowners to Review Property Coverage Before a Hurricane

Although hurricane activity in the Atlantic has been relatively quiet so far for 2018 with only five named storms to date, the Virginia State Corporation Commission’s (SCC) Bureau of Insurance is reminding Virginians not to let their guard down. With …

Maryland Property Insurer Left Client Data Temporarily Exposed Online

The Maryland Joint Insurance Association left data about some of its customers exposed online, but there’s no evidence it was accessed improperly. The Baltimore Sun reported Wednesday that a California-based cybersecurity firm known as UpGuard found the exposed data and …

Watercolor Management Adds Property Coverage for Water Treatment Companies

Watercolor Management, an Alabama-based managing general underwriter, will open new property underwriting facilities for water treatment businesses through an agreement with a new surplus lines carrier. The agreement grants Watercolor Management nationwide MGA authority with in-house rating and underwriting. The …

Zurich Introduces Property Coverage for Cloud-Dependent Companies

Zurich North America has introduced new property coverage for cloud-dependent, middle-market companies. As the new property coverage enhancement for companies is not location specific, Zurich now offers insurance coverage for the cyber risks of cloud computing as well as business …

AIG Launches Global Commercial Property Coverage for Mid-Market

The American International Group, Inc. (AIG) insurers have launched a new line of multinational commercial property products and services, including expanded coverage, loss prevention engineering, and risk management solutions, for mid-sized businesses confronting global risk exposures. AIG’s Property Performance Series …

Florida Court: ‘Exploding Corpse’ Not Covered Under Property Policy

A Florida circuit court has found that a condominium owner’s property policy did not include coverage for the “explosion” of an advanced decompose body since it did not fall under a name peril listed in the insured’s policy. Florida’s Fourth …

Liberty Mutual Launches Foreign Package Policy for U.S. Companies

Liberty Mutual’s Commercial Insurance strategic business unit has expanded its foreign package policy offering by introducing a new product, and by adding a new global crisis management endorsement. The new Global Concierge Plus product provides up to $25 million in …