Markets/Coverages News

Zurich, Vertus Launch Hurricane Deductible Buy-Back Program in Florida

Zurich has launched Cat4Home, a new hurricane deductible buy-back program through Vertus Insurance Partners. Cat4Home is a supplemental insurance policy available to residential homeowners in Florida and covers 100% of the hurricane deductible, generally seen as 1% to 5% of …

IronPro to Offer Two-Term Policy Endorsement for Small Businesses

IronPro, the professional liability unit of Ironshore, has introduced a two-term policy endorsement for its miscellaneous professional liability (MPL) product for small business accounts. The MPL policy endorsement was designed to streamline underwriting to reduce the brokers’ administrative costs associated …

Two New London Market Model Cyber Exclusion Clauses Published by IUA

Two new London Market model clauses to help underwriters manage cyber losses have been published by the International Underwriting Association (IUA). The wordings have been developed in order to address issues of non-affirmative or “silent” cover, where traditional insurance policies …

Beazley Updates MediaTech Policy with E&O, Cyber Coverage

Specialist insurer Beazley has streamlined its MediaTech insurance policy to provide clear and concise wording and combined comprehensive errors and omissions (E&O) and media liability insurance with cyber coverage. Beazley’s E&O and media coverage includes: Broad professional liability to address …

National General Acquires Insurtech Syndeste; Launches Private Flood Product in Florida

Personal lines insurer National General Holdings Corp. (NGHC) will begin offering private flood insurance in Florida later this summer after its acquisition of Syndeste LLC, an insurance technology company. National General will initially launch the product in the third quarter …

Hudson, Professionals’ Best Underwriters to Offer Architects & Engineers Program

Hudson Insurance Group has unveiled a new national architects & engineers professional liability insurance program that will be available exclusively through Professionals’ Best Underwriters. Beginning June 1, 2019, this product will be distributed by Professionals’ Best Underwriters’ limited network of …

Argo Pro Launches Private Company Management Liability Product

Argo Pro, a member of Argo Group International Holdings, Ltd., has released Private Company PROtect – a packaged professional liability product designed to give private companies access to a range of coverage, including directors and officers, employment practices and fiduciary …

Digital Workers’ Compensation Agency Pie Enters 5 More States

Pie Insurance said it has been approved to sell workers’ compensation insurance in Delaware, Indiana, Nevada, South Carolina and Virginia. Pie sells directly to small business and promises them they can get a workers’ compensation quote online in as little …

Florida’s Citizens Joins NICB Disaster Response Services Consortium

Citizens Property Insurance Corporation, Florida’s insurer of last resort, has joined the Geospatial Intelligence Center (GIC), an insurance industry consortium spearheaded by the National Insurance Crime Bureau (NICB). Through the consortium, Citizens has access to advanced imagery to offer enhanced …

CyberPolicy Launches Coverage for Small, Medium-Sized Businesses

CyberPolicy, an online marketplace designed for small and medium-sized businesses (SMBs) to compare, quote, and buy cyber insurance, has released CyberPolicy Genesis, a one-click cyber insurance product. Starting at just $9.99 per month, CyberPolicy Genesis bundles cybersecurity protection with the …