Markets/Coverages News

Nationwide Expands Use of Leak Sensors for Homeowners

Nationwide Insurance has become the latest large insurer to expand its use of leak-detection and other sensors for homeowners, offering a small discount on premiums. The company announced this week that it has teamed up with Notion, a firm affiliated …

M.J. Hall Launches Admitted Cannabis Management Liability in California and Arizona

M.J. Hall & Co. is now offering directors and officers liability, employment practices liability and fiduciary liability insurance coverages to cannabis companies and their executives through an admitted product in California and Arizona. The California Department of Insurance recently approved …

Markets/Coverages: Take1 Features Film Producers Package; Pathpoint Now Serving Restaurants; Nexus Specialty Targets Management Liability

Take1 Introduces Coverage for Documentary, Industrial, Commercial, and Educational Film Producers Thanks to the growing number of broadcast, cable and streaming platforms, the market demand for recorded filmed content has grown, creating new business opportunities for producers of documentary, industrial, …

Openly Moves into Georgia with 15-Second Homeowners Quote Platform

Openly, a data-focused homeowners insurer based in Boston, announced that it has expanded into Georgia. The Deep South state is the 17th for the rapidly growing company, which was launched in 2017 and says its platform can let independent agents …

Startup MGA Rising Edge Targets Low-Layer D&O Business

The co-founders of London-based Rising Edge aimed to create something different when they decided to launch a managing general agent in 2021, which focuses solely on directors and officers liability insurance. CEO Philippe Gouraud and Managing Director Yoel Brightman wanted …

City Insurance Launches in More California and Colorado Cities

Distinguished Programs is expanding its City Insurance program to select cities in California and Colorado, as well as launching new umbrella coverage eligibility for condos and rentals with underlying City Insurance policies. The City Insurance program is now available for …

Foresight in California Expands Workers’ Comp Class Codes for Agribusiness, Construction, Manufacturing

San Francisco, California-based Foresight, a workers’ compensation insurtech focused on the middle market, announced the expansion to include four new class codes and 23 incidental adjacencies to serve more customers in the agribusiness, construction, and manufacturing industry sectors. New classes …

Brown & Brown Going Tech Route with Everbridge Early Warning Systems

Florida-based Brown & Brown, one of the largest independent insurance brokers in the U.S., this year will begin offering customers advance warning of weather, flooding, fire and other events, along with steps to take to reduce losses. The broker, headquartered …

Asta and JPO Consulting Launch ARTes, an MGA Specializing in U.S. Inland Marine

Asta, the third-party managing agent at Lloyd’s, and JPO Consulting, announced the launch of ARTes Specialty Ltd., an independent UK-based managing general agent (MGA), wholly owned by its founders and directors. Co-founded by Chris Thomas, chief executive officer, and Richard …

Markets/Coverages: WTW Partners With Falvey Cargo on Cyber; Boost and Breach Offer Crypto Wallet Cover; Umbrella From Distinguished Programs Serves Real Estate, Community Associations

WTW Partners With Falvey Cargo Underwriting for Affirmative Cargo Cyber Coverage Insurance broker Willis Towers Watson is partnering with Falvey Cargo Underwriting on an affirmative cyber coverage product for cargo and stock throughput risks. WTW said the new product recognizes …