The Landy Agency of Needham, Mass., has launched a new crime program with Great American Insurance Group that offers low minimum premiums and a focus on small to medium‐sized businesses. Coverage is admitted in all states and provided by Great …
The $500 million heist of digital tokens from Japanese exchange Coincheck Inc. on Friday is remarkable for its sheer size, but thefts in the lightly regulated world of cryptocurrencies are woefully frequent. In less than a decade, hackers have stolen …
Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but rapidly growing business. So far only a few insurers sell such …
Arthur J. Gallagher’s specialist Management Liability Practice has responded to the heightened risk of commercial crime facing SME businesses by creating tailor-made management liability and crime insurance products. The two products are targeted at UK private limited companies. Backed by …
Berkshire Hathaway Specialty Insurance Co. (BHSI) has introduced Professional First™ Asset Management Liability Insurance for mutual funds, alternative funds and asset managers in the Asian market. BHSI describes the coverage as a “comprehensive and clearly worded professional liability, directors & …
Starr Companies has launched fraudulent impersonations coverage, a new insurance product that covers the various kinds of theft damages that result from social engineering fraud, such as internet phishing scams. Fraudulent impersonations coverage complements an insured’s crime & fidelity insurance …
The Chubb Group of Insurance Companies has created a crime insurance endorsement to help protect companies from an increasingly prevalent type of fraud. Chubb’s Social Engineering Fraud Endorsement provides coverage for an organization’s losses when an employee is tricked into …
Great American Insurance Group’s Fidelity/Crime Division has launched commercial coverage for bitcoins, a virtual online peer-to-peer medium of exchange. Bitcoins are used as a method of exchange by which transactions are conducted to buy and sell merchandise without a go-between, …
Allied World Assurance Company Holdings, AG announced today the launch of its ForceField management liability product suite in the Canadian market. ForceField offers five coverage components including: Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime Coverage, and Kidnap …
