Markets/Coverages News

Wright National, Zurich Expand Flood Coverage into California

Wright National Flood Insurance Services LLC and Zurich Insurance are now offering Zurich’s Residential Private Flood Insurance in California. The stand-alone product has previously been launched in Florida, New Jersey, South Carolina and Virginia, with anticipated plans to expand to …

Auto Insurers Lead 2020 U.S. Property/Casualty Impairments: AM Best

Seven insurance company impairments were identified in the U.S. property/casualty industry in 2020, with five of the seven involving auto insurers, according to an AM Best special report. Last year’s number was an improvement over 2019 when 13 impairments were …

Praedicat Launches Risk Scenario Platform to Widen Cross-Line Clash Analysis

Praedicat Inc., the Los Angeles-based liability emerging risk analytics company, announced the launch of its new Risk Scenario Analysis Platform, which widens the cross-line clash scope of its scenario suite. The platform also makes it easier for syndicates at Lloyd’s …

Willis Towers Watson Launches ‘Radar Workbench’ for Commercial Underwriters

Insurance broker Willis Towers Watson has launched Radar Workbench, new software technology aims to transform the performance of frontline commercial underwriters. “Radar Workbench has been developed to provide the optimal environment that supports underwriters in making complex decisions at pace …

Corvus, Skyward Specialty to Offer Cyber Coverage for Cargo Risks

Corvus Insurance, a provider of commercial insurance products powered by AI-driven risk data, and Skyward Specialty Insurance Group, a specialty property and casualty market, have partnered partnership to expand Corvus’ Smart Cargo + Cyber offering. The announcement comes after Corvus’s …

American Modern Launches Digital Social Media Toolkit for Agents

American Modern, a specialty insurance provider of residential and recreational coverage, has launched Social To Go, an online toolkit designed to give agents ways to effectively use social media. According to Kevin Morreale, chief sales and marketing officer at American …

NIF Group Joins MiniCo Insurance Agency; New Programs Added

MiniCo Insurance Agency has joined forces with its Jencap affiliate company NIF Group, Inc., as part of Jencap Program Administrators, a newly formed program division under the Jencap umbrella. As of April 1, 2021, NIF’s specialty programs moved over to …

Aon Collaborates with Insurer Partners to Protect Global COVID-19 Vaccine Shipments

Insurance broker Aon plc has introduced a new solution, through broad industry collaboration, that will provide supply chain protection for global COVID-19 vaccine shipments. The solution provides transparent cargo insurance coverage for COVID-19 vaccines by combining sensor data and analytics. …

Simply Business Launches Liability Insurance for Social Workers

Simply Business, Inc., a Boston-based digital insurance agency offering small business owners access to insurance providers, has partnered with the National Association of Social Workers (NASW) Risk Retention Group, Inc. to offer general and professional liability insurance products for social …

Amwins Forms National Employee Benefits General Agency

Three general agencies specializing in employee benefits – LISI, BrokerNet USA and Amwins Group Benefits Small Business – have come together to form Amwins Connect Insurance Services, LLC, a national general agency. As a combined entity, Amwins Connect Insurance Services …