Markets/Coverages News

Marsh Develops Blockchain Solution for Clients in Sharing Economy

Marsh announced that it is developing the first blockchain-based verification solution for clients in the fast-growing sharing and gig economies. Working in collaboration with Evident, a data security platform that allows businesses to run comprehensive, accurate verifications without handling sensitive …

American Traditions Insurance Launches Renters Policy in Florida

American Traditions Insurance Co. (ATIC) has launched a renters (HO4) product in the Florida marketplace. The HO4 product will be available through independent agents currently participating with the carrier. The renters program expands the company’s suite of insurance products that …

Worldwide Facilities, Petro Guardian to Offer Lightning Risk Product to Oil & Gas Industry

National wholesale insurance brokerage and managing general agent Worldwide Facilities has partnered with Petro Guardian, a lightning and static protection installation service provider for oil and gas facilities, to introduce Enlightning – an exclusive program to reduce the risk of …

Insurtech Kin Insurance Expands Homeowners Offering into Georgia

Kin Insurance, an insurtech startup offering insurance for homeowners, has expanded into Georgia. Kin uses big data analysis to help simplify the process of obtaining homeowners insurance. Kin aggregates data from public and private sources (e.g., real estate listings and …

Verisk to Provide Aerial Imagery of Major Catastrophes through Geomni

Verisk is now offering customers free access to Geomni’s high-resolution aerial imagery following major loss events. Geomni is a Verisk business. Geomni will provide online access to before-and-after imagery of structures and properties inside the catastrophe area. This will enable …

New Munich Re Cyber Reinsurance Product Designed for Small, Mid-Sized Businesses

Munich Reinsurance America, Inc. (Munich Re) has launched a cyber reinsurance product for regional property/casualty insurance carriers seeking to provide this coverage and associated services to their small and medium-size enterprise (SME) clients. According to Annamaria Landaverde, vice president and …

Marsh Makes Blockchain Proof of Insurance Accessible Through Salesforce

Insurance broker Marsh is expanding its collaboration with IBM to provide clients with access to the industry’s first commercial blockchain product for proof of insurance through the Salesforce customer management platform. Blockchain technology promises to automate and streamline the proof …

Aon Policy Provides Financial Support to Terrorist Victims

Aon has collaborated with Pembroke Managing Agency at Lloyd’s to develop Public Protection Policy (PPP), which helps businesses provide financial support to individuals affected by a terrorist attack on a company’s premises or owned space. As the focus of terrorist …

AXIS Specialty UK Offers GCHQ-Certified Training at Cyber Center of Excellence

AXIS Specialty UK Holdings Ltd. announced it has been certified as a GCHQ Certified Training provider for its course “Understanding Cybersecurity and Insurance.” The training is offered through the AXIS Cyber Center of Excellence, a global resource that provides mentorship, …

UPC Insurance, Tokio Marine Kiln Form New Florida-Based Property Insurer ‘Journey’

United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has formed Journey Insurance Co. in partnership with Tokio Marine Kiln. The new property and casualty insurer will initially focus on offering homeowners and commercial residential property …