Markets/Coverages News

Mercury Insurance Expands Cyber Coverage to Georgia Homeowners, Renters

Mercury Insurance has launched a home cyber protection offering for homeowners and renters in Georgia. The new coverage will provide Mercury policyholders with cyber insurance protection that includes payment and security options for computer and home system attacks, cyber extortion, …

Nationwide Expands Small Business Insurance Direct Platform

Nationwide said it has expanded 24-hour access to more types of small business for its Commercial Digital Direct online commercial insurance platform. Now, 30 different business types can access the platform, which enables Nationwide to sell and service its commercial …

Synergy Professional Associates Expands Lawyers PL Program to 3 New States

Synergy Professional Associates, in partnership with Tokio Marine HCC – Professional Lines Group, has expanded its lawyers professional liability programs focusing on small law firms into Colorado, Florida and New Jersey. The new facilities target small law firms from one …

Beazley Adds Products to Broker E-Trading Platform for UK Businesses

Beazley has added two new product lines to broker e-trading platform myBeazley to meet the needs of UK-domiciled private businesses with a turnover of up to £350 million (US$457.8 million). UK brokers can now access Beazley’s comprehensive service-led cyber product, …

Cabrillo Coastal Launches Flood Endorsement for South Carolina Homeowners

Cabrillo Coastal General Insurance Agency has launched a flood endorsement for new or existing Safe Harbor Homeowners policies in South Carolina. The coverage, according to Cabrillo, was built from a different rating structure than the National Flood Insurance Program (NFIP), …

Chubb Adds Policy Translation, Other Enhancements to Worldview Platform

Chubb has added new features and improved functionality on its proprietary digital Worldview platform for multinational clients and brokers, including adding a policy translation option. According to Matthew Merna, division president, Chubb North America Major Accounts, Chubb Global Services provides …

AAIS Expands Cannabis Businessowners Insurance Policy to Colorado

AAIS (the American Association of Insurance Services), the only national not-for-profit insurance advisory organization governed by its member companies, has expanded its Cannabis Businessowners Policy (CannaBOP) program with a new filing in Colorado. CannaBOP debuted in California last year and …

New Investment Management Coverage from Berkley Targets Asset, Fund Managers

Berkley Professional Liability, a Berkley Company, has expanded its product offerings to include a primary management liability policy for investment advisors and funds. The new customizable policy offers a choice of coverage options, including investment adviser professional liability, fund professional …

Neon Leads New London Political Risks Consortium, Offering $100M Limit Per Policy

Specialist Lloyd’s insurer Neon announced it will lead a newly established London Political Risks Insurance Consortium, with MS Amlin becoming a joint agreement party. Spearheaded by Neon’s recently promoted head of Specialty, Nicholas Robinson, the consortium has been created in …

Lockton Affinity to Administer Westport Lawyer PL Program in Pennsylvania

Lockton Affinity will be the new program administrator for the Westport/Swiss RE’s Lawyer Professional Liability insurance in Pennsylvania, effective June 1, 2019. This program offers a comprehensive professional liability product for lawyers through Westport with program administration from Lockton Affinity. …