Petersen International Underwriters has launched a new type of insurance known as Corporate Accumulation Death and Disability Insurance. This insurance protects firms that may have a sizeable accumulation of employees or principals in one location from the concerns of a catastrophic loss.
Events such as earthquakes, hurricanes, floods, or terrorist acts could cause an unusually high loss of life or serious injury among employees”, stated Mark Petersen, vice president of marketing. “The ability to insure companies for such a loss in the event of this type of catastrophe can be arranged through Petersen International Underwriters”, said Petersen.
Source: Petersen International Underwriters
Topics Catastrophe Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
