Markets/Coverages News

PIA Makes Cyber Product Available for Agents to Sell to Small Business Clients

The National Association of Professional Insurance Agents (PIA National) has given its members a cyber insurance product to sell to their small and mid-sized businesses clients. PIA and ABA Insurance Services (ABAIS) have worked together with Great American E&S Insurance …

Pie Insurance Expands Online Workers’ Comp Coverage Into 4 Additional States

Pie Insurance has begun selling workers’ compensation insurance to small businesses in Iowa, Kansas, Kentucky, and New Mexico. This expansion follows Pie’s launch in five states earlier this year and nine states in 2018, as the company continues its plans …

Insurtech Trov Now Selling in 7 Additional States and D.C.

Insurtech Trōv is now offering its on-demand online, single-item insurance products in seven additional states and the District of Columbia. Trōv has now expanded into Alabama, Arkansas, Georgia, Hawaii, Iowa, Michigan, Tennessee and Washington, D.C. The insurtech company had previously …

MGA Coalition Covers Firms with Cyber Exposure Under EU’s Data Privacy Law

Coalition, the San Francisco-based managing general agency that specializes in cyber insurance for small and mid-sized businesses, announced it is broadening coverage to include exposures to violations of the European Union’s General Data Protection Regulation (GDPR). Unlike other cyber insurance …

Crypto Startup BitGo Offers Insurance Against Quadriga Cold-Wallet Debacle

While users of the troubled Quadriga CX cryptocurrency exchange remain unable to retrieve millions in funds, a startup backed by mainstream companies such as Goldman Sachs says they’re able to offer some protection. BitGo Inc., which provides custodian services on …

JBA Broadens Access to Sri Lanka Flood Model to Help Bridge Protection Gap

JBA Risk Management has released its Sri Lanka Flood Model onto Simplitium’s ModEx platform. The initiative is specifically aimed at broadening accessibility to the Sri Lanka model for both the insurance and wider disaster risk reduction (DRR) community. The announcement …

Travelers Expands Wedding Protector Plan to Include Jewelry Insurance

The Travelers Companies, Inc. has expanded its Wedding Protector Plan insurance offering to include separate fine jewelry insurance policies with coverage limits of up to $100,000. Typical homeowners insurance policies often have limits for jewelry of up to about $1,500. …

Hanover Partners with RSA Group to Expand International Specialty Offerings

The Hanover Insurance Group, Inc. has a new agreement with the multinational insurer RSA Group to join its global network as a U.S. strategic network partner. This relationship expands The Hanover’s international specialty capabilities for domestic businesses with overseas risks. …

Travelers to Provide Auto Insurance for Lexus Complete Lease Program

The Travelers Companies, Inc. will be the auto insurance provider for the new Lexus Complete Lease, a two-year, 20,000-mile lease program for the Lexus UX compact crossover vehicle. The full-service leasing option bundles the cost of the vehicle, auto insurance, …

Nationwide’s ‘SmartMiles’ Auto Insurance Targets Low-Mileage Drivers

For those who work from home, carpool frequently or use public transit more than they drive, Nationwide is launching SmartMiles, an auto insurance policy for low-mileage drivers. BuildIng on its telematics SmartRide offering, SmartMiles allows Nationwide customers to pay for …