Markets/Coverages News

SME Law Firms in England & Wales May See Rise in Professional Indemnity Rates: Marsh

Some professional indemnity (PI) insurers are applying greater rigor, are being increasingly selective, or are repricing risks, for small and mid-sized law firms in England and Wales, warned Marsh in a market update. As Oct. 1 approaches – the most …

NutraRisk Adds Program for Recreational, Medicinal Cannabis Operations

NutraRisk, a division of Worldwide Facilities, has expanded its cannabis offering to include an exclusive cannabis program providing general and product liability for medicinal and recreational operations. NutraRisk can also place risks in the eight states where recreational cannabis is …

New Paladin Cyber Product for Small, Mid-Sized Businesses Launches in Arizona

Paladin Cyber, a cyber protection and remediation firm, has developed a cyber insurance product tailored for small and mid-sized businesses. Along with its existing software products and services, the new product will enable Paladin to offer a comprehensive cyber-risk assessment, …

AXIS Insurance, DUAL North America Partner on Environmental Risk Program

AXIS Insurance, the insurance business segment of AXIS Capital Holdings Limited, has partnered with DUAL North America, the underwriting arm of the Hyperion Insurance Group, to provide environmental risk product offerings for contractors, consultants and engineers in the United States. …

Starr Insurance Cos. Launch Monoline GL Construction Wrap-Up Coverage

Starr Insurance Companies has introduced Starr CIP Enterprise, a monoline general liability construction wrap-up insurance policy. The new product is designed for property owners and contractors who need tailored primary and excess general liability coverage for single large construction projects. …

Willis Towers Watson Launches Property Loss Modeling Platform

Willis Towers Watson has launched a new technology platform to help organizations analyze potential property losses across a global portfolio with the aim of optimizing risk transfer and insurance strategies. The new Property Quantified product models multiple perils in a …

Lloyd’s Market Association & Lloyd’s Issue Policy Documents in Preparation for Brexit

A new suite of policy documentation, to support the underwriting of risks from the European Economic Area by Lloyd’s Brussels, has been published. The new documents were prepared by the Lloyd’s Market Association’s (LMA)* wordings team, working closely with the …

Tower Hill Specialty Expands Homeowners Products into Alabama

Tower Hill Specialty insurance products for homeowners are now available in Alabama, as the Ohio-based company expands its regional focus in the Southeast. Specializing in personal lines property products, Tower Hill Specialty now offers homeowners, dwelling fire, manufactured housing and …

Next Insurance Rolls Out Commercial Auto Policy

Small business-focused digital insurance carrier Next Insurance has launched a commercial auto insurance policy available entirely online with no extra fees. Small businesses can now purchase a commercial car insurance policy separately, or at a reduced price when bundled together …

Verisk Company PCS Adds Global Cyber Industry Loss Index

Property Claim Services (PCS), a Verisk business, has enhanced its PCS Global Cyber service with coverage for cyber catastrophe events. The inclusion of events with multiple insureds spanning both affirmative and silent cyber addresses industrywide insured losses of at least …