commercial crime insurance News

Berkshire Hathaway Specialty Insurance Offers Commercial Crime Cover in Asia Market

Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing Commercial Crime Insurance in Asia, a new policy designed to help companies address the exposures of a changing fraud landscape. BHSI’s Commercial Crime Insurance policy offers concise contract language for …

New York Issues First-in-Nation Regulation on Commercial Crime Insurance

New York State’s Department of Financial Services (DFS) in December issued a new regulation that prohibits insurance companies from denying commercial crime insurance coverage to New York businesses employing people with criminal convictions. The regulation, called Insurance Regulation 209, serves …

New York Regulates Crime Insurance Underwriting of Firms Hiring Ex-Convicts

New York Governor Andrew Cuomo on Wednesday issued a regulation making it easier for businesses to hire former convicts by prohibiting insurance companies from refusing coverage for crime-related losses caused by employees. The commercial crime insurance regulation, the first of …

XL Catlin Introduces Commercial Crime Insurance Policy

To help businesses recover from the financial repercussions of corporate crime, XL Catlin’s Global Crime business has introduced a new commercial crime insurance policy in the US. According to Greg Bangs, chief underwriting officer of XL Catlin’s Global Crime insurance …