Markets/Coverages News

International Drone Racing Association Simplifies Drone Insurance Policy

The International Drone Racing Association (IDRA) has condensed its liability insurance for drone pilots into a single policy that has no drone limit, no deductibles, and offers worldwide coverage for IDRA members. Drone pilots can now purchase the $1 million …

XL Catlin Launches Coverage for Marine Contractors

XL Catlin’s North America has launched a new product from its marine insurance business specifically designed for marine contractors in the U.S. The new XL Catlin’s marine contractor insurance includes insurance coverage protection for: • Hull and Protection & Indemnity …

AIG Singapore Launches Online Motor Accident Reporting Platform

AIG Asia Pacific Insurance Pte. Ltd. (AIG Singapore) has launched an online motor accident reporting platform that allows policyholders to make accident reports and commence the claims process online. Designed to streamline the customer experience, AIG Singapore said, the platform …

Starr Cos., China’s PICC Health to Provide Insurance for Belt & Road Project Workers

Starr Cos. announced it is working with China’s PICC Health Insurance Co. Ltd. to provide insurance for Chinese company employees working overseas in Belt & Road Initiative (BRI) countries. The companies are providing a specialty accident and health offering jointly …

The Hanover, Chaucer Form Reinsurance Sidecar to Tap 3rd Party Capital

The Hanover Insurance Group Inc. announced that Chaucer, the company’s international specialty insurance group, has sponsored the formation of a reinsurance sidecar to provide collateralized capacity for Chaucer Syndicate 1084’s global property reinsurance portfolio in 2018. Bermuda-based Thopas Re Ltd., …

DUAL Commercial Launches New CyberTech Defense Product

DUAL Commercial, LLC has introduced a new technology-cyber-media program – CyberTech Defense – that provides cyber coverage in conjunction with DUAL Commercial’s other programs, as well as on a stand-alone basis. DUAL Commercial offers cyber/privacy insurance products with limits from …

Westcap Insurance Services Ups Limits for Contractors Program, Expands into Arizona

Solvang, Calif.-based Westcap Insurance Services, LLC has expanded its admitted program for contractors to now include Arizona domiciled risks. Westcap also announced increased limits and other product enhancements to the program in the state of Washington. Westcap will now offer …

Starr Offers Drone Coverage to Academy of Model Aeronautics Members

Starr Companies have formed an agreement with the Academy of Model Aeronautics (AMA) to offer its members insurance coverage for the commercial use of unmanned aircraft systems (UAS), also known as drones. Coverage includes personal injury up to $250,000 each …

What to Know About the Senior Care Market

The aging U.S. population will create unprecedented demand for the senior living industry for decades to come and that opens the door for agents and brokers to grow their business in this sector. But understanding the changing landscape in the …

Allied World Launches Professional Liability Policy for Healthcare Consultants

Allied World Assurance Co. Holdings has launched a professional liability policy, offering coverage specifically designed to address the risks of health care consultants and companies that provide consulting services to healthcare facilities. This comprehensive protection includes contingent bodily injury coverage …