Markets/Coverage News

How the U.S. Cyber Insurance Market Is Performing: Aon Report

The number of U.S. insurers providing cyber insurance continues to grow along with instances of cyber attacks. In 2017, 170 U.S. insurers reported writing cyber insurance, up from 140 in 2016 and 119 in 2015, according to Aon’s latest U.S. …

Workers’ Compensation Insurer Stonetrust Enters Missouri, Tennessee

Workers’ compensation insurer Stonetrust Commercial Insurance Co. has begun writing business in Missouri and Tennessee. Stonetrust, which is headquartered in Baton Rouge, Louisiana, is also writing in Louisiana, Texas, Oklahoma, Arkansas, Mississippi and Nebraska — in addition to Missouri and …

Chubb Invests in Startup Bunker to Develop Gig Worker Insurance

Bunker and Chubb are working together to develop new insurance products focused on freelance workers. Chubb has also become a minority investor in Bunker, committing at least $2 million to the startup digital broker and its focus on the small …

Chubb Launches Coverage for Small Life Sciences Businesses

Chubb has launched new insurance coverage addressing property and casualty exposures for small life sciences companies. According to Jim Williamson, division president, Small Commercial Insurance, Chubb North America, small life sciences firms are vulnerable to a range of property and …

Hartford Steam Boiler Launches HSB Cyber Suite for Mid-Sized Businesses

Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has introduced HSB Cyber Suite, a comprehensive cyber insurance coverage designed for small to mid-sized businesses and other organizations. Because there are multiple types of cyber risks, HSB …

Verisk’s ISO Personal Lines Program Targets $40 Billion Private Flood Insurance Market

Things just got a bit easier for private personal lines insurance carriers wanting to enter the flood insurance market. Through its ISO subsidiary, data analytics firm Verisk has launched a new personal lines flood insurance program that is designed to …

AmTrust’s TapSafe Covers All of a Consumer’s Connected Devices with a Single App

A property/casualty insurer wants consumers to be able to easily locate and protect all of their tech devices with one app rather than having a warranty or service contract for each device. Specialty insurer AmTrust Financial Services launched its new …

Startup Auto Insurer Root Expands by 2 States, Pairs with Lyft on Rental Coverage

Startup telematics-based auto insurer Root is now offering rental coverage in partnership with ridesharing firm Lyft. For policyholders with short-term needs for alternate transportation after an incident, Root will now offer a choice between a rental car or a comparable …

Chubb Rolls Out New Business Owner’s Policy for Small Business

Chubb is rolling out a new business owner’s policy, Chubb BOP. Crafted for small businesses, Chubb BOP incorporates protection for property and liability exposures, a supporting umbrella liability product, and the option to add workers’ compensation, commercial auto, and management …

BHSI Expands into Transactional Liability Market with Underhill, 3 Others

Berkshire Hathaway Specialty Insurance (BHSI) reported that it has expanded into Transactional Liability Insurance in the U.S. and Canada and named Robert Underhill as senior vice president, head of Transactional Liability. The company also appointed Dan Crosby as vice president, …