Limits News

Expert: Sophisticated Cannabis Operations Want Higher Limits, Customizations

Erich Bublitz has seen a significant transformation in his clients’ needs in just a year. Increasingly cannabis businesses are coming to him seeking higher limits, and more policy customizations, as their operations develop and become sophisticated and new needs evolve. …

Aon Launches Excess Liability Facility for Railroad Business

Aon Risk Solutions, the global risk management business of Aon plc, has launched Aon Rail Excess Liability facility. The insurance facility was created in response to emerging risks arising out of requirements in the Rail Safety Improvement Act of 2008 …

Arch Insurance Group’s Contract Binding Operations Launch Excess Liability Capacity

Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., has increased limits of up to $5 million on its general liability coverage in the newly-formed Contract Binding Operations. The Arch Contract Binding Operations unit, which started operations earlier this …

AIG Expands D&O Side A Capacity to $100 Million

American International Group, Inc. (AIG) is has increased its global Side A directors and officers (D&O) liability insurance to $100 million. This new capacity from AIG can facilitate the resolution of severe and complex litigation. Companies can now meet their …

Progressive Expands Commercial Auto Coverage Limits

Progressive Insurance has doubled the available liability limits of its commercial auto policies. It now offers options for $1.5 or $2 million. The expanded limits mean business owners won’t need to buy a separate umbrella policy to meet the liability …

Litigation, Investigation Fears Driving Up D&O Insurance Limits

Directors and officers (D&O) liability insurance is gaining traction as more companies are increasing their D&O liability limits and a growing number with international operations are also purchasing D&O policies in foreign jurisdictions. The buyers are being driven by the …