Markets/Coverages News

Everest Adds Inland Marine Coverage to Forest & Logging Program

Everest Underwriting Partners, a unit of Everest Insurance, has expanded its existing Forest & Logging program with underwriting manager Victor O. Schinnerer & Company to include inland marine coverage. According Steve Falecki, vice president of Schinnerer’s Forest & Logging underwriting …

QBE North America Adds Breach Plan Services to Cyber Policies

QBE North America has added data breach planning services to all of its cyber policies to provide policyholders a simplified approach to the development of a cyber breach response plan. The company is initially offering these services through NetDiligence’s Breach …

Pool Re Extends Retrocession Program to $2.9B with Cyber Terrorism Now Covered

Pool Re announced it has renewed its retro program and extended the cover to include material damage and direct business interruption (BI) caused by acts of terrorism “using remote digital interference.” The renewed cover, brokered by Guy Carpenter, has been …

Verisk Launches New Energy Insurance Platform for Insurers

Verisk, a data analytics provider, has launched Energy & Power Intelligence Xchange (EPIX), a benchmarking and risk-scoring platform designed to enhance how insurers research, assess, and underwrite complex energy risks. EPIX provides a range of information on energy risks and …

Willis Towers Watson Adds Cyber Coverage to Aviation Offering

Willis Towers Watson has launched Willis Towers Watson Aerospace Cyber Guard, a tailored cyber insurance product for the general aviation industry. Willis Towers Watson Aerospace Cyber Guard was developed in cooperation with Berkley Cyber Risk Solutions, a Berkley Company, and …

XL Catlin Launches Protect & Assist in Australia

XL Catlin has launched Protect and Assist, an accident and health insurance solution designed to help Australian businesses protect their people and meet their duty of care in the face of emerging risks and heightened security threats. Protect and Assist …

UK Invests in Natural Disaster Hedge Fund Focused on Insurance for Developing Nations

Britain is backing a hedge fund that aims to raise $200 million to give developing countries access to climate risk insurance. Britain’s Department for International Development (DFID) is investing 25 million pounds ($35 million) over a 20-year period in the …

Chubb Decided to Quit NRA Insurance Program 3 Months Ago

Giant insurer Chubb has joined a list of companies that are halting business deals with the National Rifle Association (NRA). However, the insurer confirmed to Insurance Journal that the decision was made several months ago, before the latest mass shooting …

Travelers Releases Enhanced Homeowners Insurance Product in Select States

The Travelers Companies, Inc. has released an enhanced homeowners insurance product with tailored pricing and flexible coverage options called Quantum Home 2.0 (QH2.0). The new product includes “simpler” policy documents designed to help customers better understand their insurance. The new …

New Program for Pet Services Professionals Available From Acadia Insurance

Acadia Insurance, a Berkley Company, is now offering specialized coverage beyond what is typically covered in a standard business owner policy for pet-focused businesses including: Kennels and daycare Pet groomers Pet trainers Veterinarians and pet hospitals Pet stores Pet food …