Markets/Coverages News

USG Insurance Services Launches E-Cigarette, Vape Store Program

USG Insurance Services, Inc. has launched an exclusive e-cigarette and vape store program through its programs division, Allied American Underwriters. The program offers several coverages for a wide range of classes, including: distributors, wholesalers, importers/blenders, retailers, e-liquids & e-juices, e-cig …

Willis Towers Watson Launches Update of ResQ Reserving Software

Willis Towers Watson has launched a new version of its loss-reserving software, ResQ. ResQ 4.1 provides property and casualty (P/C) insurers with new reporting capabilities to further advance the software’s technical capability, in response to clients’ increasing need for faster …

XL Catlin Launches Specialty Aviation Insurance in Mexico

XL Catlin announced the launch of specialty aviation insurance in Mexico. The new product suite will initially focus on general aviation hull and liability risks. With an established presence in Latin America and aviation teams in Brazil, the United States …

Chubb Adds Artisan Contractors Coverage to Small Business Online Platform

Chubb has introduced a new insurance product available to more than 60 classes of artisan contractors through its new digital platform – the Chubb Small Commercial Marketplace, which places and services small business insurance, and features a suite of products …

PAK Programs Launches Insurance for Meaderies

PAK Programs, specialty insurer of alcoholic beverage manufacturers and distributors, has introduced a program designed for mead producers, Meadery PAK. The program is underwritten by Great American Insurance Group. Larry Chasin, president of PAK Programs, said meaderies, which are part …

Aon Launches Updated Thai Flood Model to Support Underwriters in Market

Aon plc, the London-based professional services firm, has launched an updated Thailand flood catastrophe model to improve understanding of this peril and help insurers build resilience for businesses and communities. Following the flood of 2011 that caused more than US$15 …

RideSafe Product from SURE, Chubb Insures Ridesharing Passengers

Insurtech platform SURE has launched RideSafe, an insurance product offering passengers coverage for ridesharing networks, beginning with Uber and Lyft. Future offerings of RideSafe will include coverage for passengers riding in autonomous ridesharing fleets. Through this new offering underwritten by …

HomeProtect Water Damage Program Reimburses Insurance Deductible

Flo Technologies, Inc., provider of leak prevention systems to prevent water damage in homes, has launched a reimbursement program called HomeProtect that will pay back homeowners for their insurance deductibles up to $2,500 per year if their Flo-equipped home suffers …

Insurtech MGA Corvus Insurance Launches ‘Smart’ Cyber Coverage

Corvus Insurance, an insurtech managing general agent, has released a new cyber insurance offering for organizations with up to $1 billion in annual revenue. The new Smart Cyber Insurance product includes the features of a conventional cyber insurance policy along …

Sompo International Launches Transaction Risk Insurance in Europe

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that the company’s European specialty platform has introduced a new transaction risk insurance line of business, expanding its professional lines insurance offerings in …