“Stabilization” and “moderation” continued to be the operative words for premium increases in the commercial property/casualty market, but many clients remain concerned about future hikes, according to the newest survey from The Council of Insurance Agents & Brokers. Overall, premiums …
During the first quarter 2022 buyers of commercial insurance saw average rate increases across all lines of 6%, according to MarketScout’s Market Barometer. The average increase remained consistent compared to the average increase of 5.8% observed in the fourth quarter …
Berkshire Hathaway Specialty Insurance (BHSI) has introduced a healthcare umbrella policy designed to address the exposures of large medical providers in the ever-changing healthcare environment. Reflecting the industry’s widespread consolidation, the policy provides a definition of insured, which encompasses new …
Nautilus Insurance Group (Nautilus) will begin writing personal umbrella and related coverages nationwide through a new office in California. Ann Boman-Clark has been named vice president, underwriting – personal umbrella. She has more than 35 years of experience in the …
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 …
The Hanover Insurance Group Inc. is launching a second region in the Western U.S. A newly created Pacific Region will be led by David Kuhn, who has joined The Hanover as regional president. This new territory includes branch offices in …
The launch of a real-time commercial lines rater that gives agents access to a handful of large carriers was announced today by a division of Networked Insurance Agents. MyNTrack, a division of Grass Valley, Calif.-based Networked, integrates with the technology …
Insurers earning a financial stability rating of A or better from Demotech are now eligible for standalone personal umbrella insurance quotes from Appalachian Underwriters. Quotes will be available for preferred, standard and higher-risk umbrellas with limits up to $10 million …
Markel Corp. has launched a new umbrella product for Allied Healthcare accounts. This product will serve as a lead umbrella policy over eligible Allied Healthcare lines such as hospitals, medical labs, pharmacies, surgery centers and clinical trials up to $10 …
“Electronic aggression,” sometimes called “cyber-bullying,” is an excluded offense under newly revised personal umbrella policy forms being filed countrywide by The American Association of Insurance Services (AAIS). AAIS is filing a revision of forms and endorsements provided under its personal …
