Markets/Coverages News

CNA Enhances Multinational Capabilities with New Technology Platform

CNA has launched a new technology platform – CNA ComPass – that will allow the insurer and its network partners the ability to write and manage local admitted placements around the world in real-time. CNA’s international business insurance products target …

Tower Hill Specialty Expands Into Arkansas

Tower Hill Specialty is now offering manufactured housing and dwelling fire insurance policies in Arkansas. Optional coverage features include equipment breakdown and service line endorsements. The equipment breakdown option provides coverage for items such as appliances and HVAC systems. Discounts …

Aspen Insurance Launches Cyber Risk Management Platform ‘SSIMPLE’

Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., announced the launch of its cyber risk management platform, SSIMPLE, which was developed to assist clients in the prevention and detection of, and response to, privacy and network security incidents. …

Tower Hill Specialty Adds Coverage Options in Mississippi

Tower Hill Specialty has further expanded into the Southeast and is now offering manufactured housing and dwelling fire insurance policies in Mississippi. Optional coverage features include equipment breakdown and service line endorsements. The equipment breakdown option provides coverage for items …

Chubb to Partner with National Association of Women Business Owners

The National Association of Women Business Owners (NAWBO) has partnered with Chubb to provide NAWBO members with small business insurance resources, including education, insurance products and services generally reserved for global corporations, including Chubb’s Cyber Enterprise Risk Management policy. According …

Digital Car Repair Platform Fixico Raises €7M to Expand Internationally

Fixico, the Amsterdam-based digital platform for car damage repair, has raised €7 million ($7.9 million) to grow its international footprint and fleet and insurance partnerships. The technology company offers a digital platform that seamlessly handles car repair for consumers, insurers, …

Lloyd’s of London Aims to Revamp Auto Coverage as Era of Driverless Cars Looms

Lloyd’s of London, the 330-year-old insurance market, is pushing to revamp auto coverage as the rise of driverless cars looms. Chief Executive Officer John Neal said that Lloyd’s is talking with automakers about how to set up different policies to …

PURE Programs Expands High Value Homeowners Coverage into 5 New States

PURE Programs has expanded its coverage for high value homeowners into Texas, Louisiana, Mississippi, Alabama, and Georgia. Across the region, PURE Programs will offer coverage for homes with a rebuilding cost of $1 million to $50 million that do not …

Al Specialists omni:us and FRISS Partner to Offer Claims, Fraud Detection Services

Two artificial intelligence providers — omni:us and FRISS — are teaming up to “supercharge” insurance claims management and fraud detection. omni:us is a provider of AI-based cognitive claims management service, while FRISS is a provider of AI-powered fraud and risk …

Everest Insurance, All Risks Expand Workers’ Comp Coverage for Marine Risks

Everest Insurance has joined with All Risks, Ltd. to expand its workers’ compensation capabilities for the marine industry. Through this program, brokers will have access to workers’ compensation, United States Longshore & Harbor Workers (USL&H) and marine employers liability (MEL) …