Markets/Coverages News

FAIR Plan Launches Higher Coverage Limits for Commercial, Business Properties

The California FAIR Plan is now offering increased coverage limits for commercial and business properties. The higher limits are being made available in response to customer requests for FAIR Plan coverage of higher value commercial properties. California Insurance Commissioner Ricardo …

Markets/Coverages: Home Insurer Hippo Expands to New York State

Hippo Insurance Services announced it will offer home insurance products in New York State. With New York, Hippo products are now in 38 states. New Yorkers will have access to Hippo’s offerings, including home insurance coverage, complimentary smart home devices …

Markets/Coverages: QBE N.A. Starts Specialty Casualty; Ryan Specialty, Harleysville Team Up; Coalition, Vantage Capacity Partners; Joyn Expands Offerings

QBE North America launches Specialty Casualty business QBE North America today announced the launch of a Specialty Casualty business as part of its strategy to invest in areas where the insurer can offer distinct advantages to business customers. Offerings will …

Ebix Europe Launches Exposure Management Platform: ExposureHub

London market reform technology specialist Ebix Europe announced the launch of its new platform, ExposureHub, for re/insurance exposure management. Ebix describes ExposureHub as a versatile and geospatially rich platform, powered by state-of-the-art technology and methodologies, which provides fast and accurate …

Markets & Coverage: Companies Offer Pre-Paid Rides After Accident

Policyholders with two Florida auto insurers will now be able to catch a pre-paid ride with Uber, Lyft or another ridesharing service after an accident. Continued Mobility, headquartered in Boca Raton, announced that it has teamed up with Pearl Holding …

ATV Is Not a Farm Vehicle Covered Under Homeowner’s Policy, Virginia Court Rules

The Virginia Supreme Court has ruled that an all-terrain vehicle (ATV) is not a “farm type vehicle” covered by a homeowner’s insurance policy, reversing a lower court that ruled in favor of coverage. The lower court ruled for the injured …

Markets/Coverages: Palisade Legal Risk MGU; Tokio Marine Kiln IP Abatement; Marsh Cybersecurity Marketplace

Palisade Partner Launches Specialty Managing General Underwriter Palisade Insurance Partners, a specialty managing general underwriter, has been launched with plans to provide a range of contingent legal risk insurance and other specialty insurance products across the U.S. and International markets. …

WTW Releases New Version of Radar Pricing Software

Willis Towers Watson (WTW) has launched an updated version of its Radar software. Radar 4.14 now features a fully integrated Python capability, which allows insurers to benefit simultaneously from the advanced pricing capabilities of Radar and the power of the …

ClearPath Expands into West Virginia May 1

ClearPath Mutual Insurance Co., a Kentucky-domiciled workers’ compensation insurance provider, has expanded into West Virginia, the company announced. ClearPath, which writes almost $50 million in premiums, said it is the second-largest workers’ comp carrier in Kentucky. It began about 40 …

Markets/Coverages: Bundler Branch Adds 6 States; Pathpoint, Bold Penguin E&S Partnership; Rokstone Owners’ Interest Policy

Auto, Home Insurance Bundler Branch Now Available in 25 States Branch, an insurance company that touts “instantly-bundled” home and auto insurance, announced its expansion to the six states of Idaho, Iowa, New Hampshire, South Dakota, Tennessee, and Virginia. These bring …