coverage News

UK’s Huber Dixon, Sterling Offer Renewable Energy Coverage

The UK’s Huber Dixon, in partnership with Sterling Insurance Group, are now providing renewable energy cover to their specialist household and commercial customer base. The announcement explained that “Huber Dixon specializes in providing cover for individuals, firms and organizations involved …

‘Parametric’ Covers Central to Insure Public Entities Says Cooper Gay Exec

Despite the ever increasing severity and frequency of natural catastrophes, “insuring public entities in affected countries is becoming simpler due to the emergence of new parametric trigger insurance” according to Steve Jackson, CEO Latin America of international broker Cooper Gay. …

Willis Chief Tells Asian CEO’s Insurance ‘Not Just About Coverage’

Joe Plumeri, the Chairman and CEO of Willis Group Holdings, told more than 100 leading Asian CEOs’ that ‘insurance is not just about coverage and claims, but is about security and survival’ at the KPMG ‘Captains of Industry’ lunch hosted …

Willis Develops New Coverage for Nuclear Exclusion Risk

Willis Group Holdings plc announced from its London office that it has developed a new insurance product “to cover business interruption costs for companies with key locations, suppliers or customers situated in the vicinity of a nuclear power station, should …

FEMA: Almost 230,000 in New Jersey Have Flood Insurance

As flooding from Hurricane Irene caused heavy damage in New Jersey, federal officials report almost 230,000 property owners in the state have flood insurance. Flooding is not covered by homeowners insurance but by special flood policies purchased through the Federal …

Earthquake, Hurricane Keep Maryland Insurance Agents Busy

First came the earthquake; then the hurricane. Now comes the bill. And with any luck, you have a decent insurance policy that will cover the cost of most, if not all, of the damages sustained in one or both natural …

English Football (Soccer) Season Kicks Off with Help from Insurance Industry

English football (soccer) matches resumed at the beginning of August with Manchester United, last season’s Premier League champions, favored to repeat this season. Like its counterparts in the U.S. – major league baseball, the NFL, the NBA, etc. – professional …

Most Maryland Homeowner Policies Don’t Have Quake Coverage

Most Marylander homeowners aren’t likely to be covered for earthquake damage under their homeowner’s policies. The Insurance Information Institute [I.I.I.] said earthquakes are not covered under standard homeowners or business policies. However, the institute says incidental damage such as fire …

IIABNY Issues Timely Warning on Earthquake Insurance Coverage

The Independent Insurance Agents & Brokers of New York has issued a timely warning in the wake of the earthquake that struck the east coast yesterday afternoon, which affected many New York residents. The IIABNY reminded consumers that their homeowners …

UK’s Legal & Professional Ins. in Deal with Marsh for Small Firm Coverage

The UK’s Legal & Professional Insurance has entered into an agreement with Marsh, to provide professional indemnity insurance, initially for the 2011/2012 year, for law firms with two and three partners. All firms in this category applying through the Legal …