Latest Equipment Breakdown Headlines
All the headlines from our Equipment Breakdown Topic Page, ordered by recency.
Equipment Failure Sends Raw Sewage Into Michigan’s Flint River
Feb 23 2022 // Officials have issued a health advisory for the Flint area after equipment failed at a municipal pumping station, sending an unknown amount of raw sewage into the Flint River. Genesee County Health Department officials...
Report Shows Fire at Texas Facility Caused by Equipment Failure
Dec 9 2019 // A fire at a Houston, Texas-area petrochemical storage facility that burned for days in March was accidental and caused by equipment failure at a storage tank, according to a report released Friday by local and federal...
Mutual Boiler Re Adds Risk Improvement Coverage to Equipment Breakdown Policies
Sep 30 2016 // Mutual Boiler Re, a provider of equipment breakdown reinsurance and related services to insurance companies in North America, is now offering risk improvement insurance coverage to its clients and their commercial...
HSB BI&I of Canada Offers Equipment Breakdown Cover for Microelectronics
Apr 29 2016 // The Boiler Inspection and Insurance Company of Canada (HSB BI&I), part of Munich Re, announced the introduction of TechAdvantage™, its new standard equipment breakdown policy. The company said it is the first...
One-Size Doesn’t Fit All in Today’s Evolving Homeowners Market
Apr 20 2016 // The homeowners insurance line, not often thought of as a bastion of change, is actually quietly evolving beyond the traditional “one-size-fits-all” business. Some of the puzzle pieces that make up homeowners...
QBE Enhances Equipment Breakdown Coverage to Address New Technologies
Apr 20 2016 // QBE North America, an operating division of QBE Insurance Group, has enhanced its equipment breakdown coverage with equipment breakdown and technology insurance to cover losses resulting from microelectronic...
Piecing Together Homeowners Coverage
Mar 7 2016 // The homeowners insurance line, not often thought of as a bastion of change, is actually quietly evolving beyond the traditional “one-size-fits-all” business. Some of the puzzle pieces that make up homeowners...
XL Catlin Adds Equipment Reliability Service to Equipment Breakdown Coverage
Dec 9 2015 // XL Catlin’s Equipment Breakdown (EB) insurance group has introduced a new service offering that provides businesses with an assessment to gauge the reliability of production equipment. XL Catlin EB’s new...
XL Catlin Expands Equipment Breakdown Insurance Team
Nov 13 2015 // XL Catlin’s North America Property business has expanded its North America underwriting team responsible for its monoline equipment breakdown insurance. XL Catlin’s Equipment Breakdown team’s new...
HSB Expands Equipment Breakdown, Tech Insurance for ‘Invisible’ Risks
Sep 9 2015 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB) is expanding the availability of HSB TechAdvantage, an equipment breakdown insurance that covers undetectable physical damage to microelectronics, by offering...
HSB Introduces Technology Equipment Breakdown Coverage
Jan 22 2015 // The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has launched HSB TechAdvantage, an equipment breakdown and technology insurance that covers losses resulting from microelectronic...
Liberty Mutual Opens Equipment Breakdown Office in San Francisco, Adds Staff
Aug 12 2014 // Liberty Mutual has added senior underwriting and technical engineering resource staff to its equipment breakdown operations, as well as opened a San Francisco office so it can be closer to its partners. The new staff...
Liberty Mutual Launches Assumed Reinsurance for Equipment Breakdown
May 7 2014 // Liberty Mutual Insurance now offers equipment breakdown assumed reinsurance to insurers through treaties, programs and on a case-by-case basis, giving property/casualty insurers a new source for reinsurance of equipment...
Equipment Failure, Training, Inspection Flaws at Fault for Rio-Paris Crash
Jul 6 2012 // Pilot error, defective sensors, inadequate training and insufficient oversight combined to send an Air France passenger plane plunging into the south Atlantic in 2009 in the airline’s worst disaster, French...
HSB to Offer Equipment Breakdown, Data Breach Product
Mar 22 2012 // The Hartford Steam Boiler Inspection and Insurance Company (HSB), a part of Munich Re, has launched HSB Freestyle Advantage, an insurance product that combines equipment breakdown coverage with optional data compromise and...
Equipment Failure Blamed For BP Washington Refinery Fire
Feb 29 2012 // The manager of BP’s Cherry Point refinery in Washington says a fire earlier this month was most likely caused by equipment failure. A failure in the “crude vacuum unit” led to the release of some heavier...
Hartford Steam Boiler Introduces Green Equipment Breakdown Coverage
Apr 22 2011 // The Hartford Steam Boiler Inspection and Insurance Co. is taking its green coverage to the next step with HSB Green Equipment Breakdown coverage. HSB Green Equipment Breakdown coverage helps make insureds whole in the...
Liberty Mutual Introduces Monoline Equipment Breakdown Product
Nov 2 2010 // Liberty Mutual expands its equipment breakdown (EB) offering with the launch of PowerPro Select, an expansive monoline product for companies that prefer separate EB coverage. With the addition of PowerPro Select, Liberty...
Brownyard Adds Equipment Breakdown Coverage for Specialty Programs
Aug 19 2009 // The Brownyard Group, based in Bay Shore, N.Y., is offering Equipment Breakdown coverage for its security guard (Brownguard), pest control operators (PCOpro) and cosmetic manufacturers (Foundation) programs. Coverage is...
Three Commercial Property Endorsements Every Client Should Have
Aug 13 2009 // Several weeks ago, MyNewMarkets.com posted a two-part series regarding coverage gaps and selling to those gaps. “Gaps That Sell” and “Three Homeowners’ Policy Gaps that Sell” detailed the...
