CFC has upgraded its errors and omissions policy for US-based design and construction contractors to include costs for steps taken by the contractor to mitigate against a potential claim where work was not rectified, and an extension for artisan contractors …
The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have been flooded by the listings that surged last year. That’s caused insurers to …
Massachusetts-based managing general agent ShoreOne created a new coverage for coastal homeowners to address inadequate flood coverage. ShoreOne’s new offering combines traditional homeowners insurance with full flood coverage in a single policy. Access to the combined policy fills the coverage …
Cowbell Cyber, an AI-powered cyber insurance provider for small to mid-sized businesses (SMBs), has launched Cowbell Connect, its partner program which offers policyholders with risk management services to address and mitigate cyber incidents. Cowbell Connect is part of Cowbell’s closed-loop …
Neptune Flood, an AI-driven flood insurance company, has partnered with Acadian Managers (Acadian) to offer flood insurance coverage through Acadian’s network of independent agents to homeowners throughout Louisiana. Acadian is a general agency providing property coverage through State National Fire …
McGriff has launched a new product that gives freight brokers the ability to purchase excess auto liability coverage online. TripExcess is a per-shipment excess liability product that will allow shippers, 3PL/brokers and motor carriers to maintain a required $2 million …
Catastrophe modeler RMS has made updates to its cyber offerings to target emerging cyber risks. Among the updates is the new Cyber Solutions Version 5.0 application that allows users to price and select cyber risks without large amounts of historical …
AXA XL’s North America Construction business has launched builders risk insurance programs to address mass timber project risks for construction clients. Mass timber building materials, which includes cross laminated timber (CLT), is a family of engineered wood products (EWPs) which …
Insurance services holding company K2 Insurance Services and New York based private equity firm Lee Equity Partners have formed American Mobile Insurance Exchange (AMIE), a reciprocal exchange that will seek to insure mobile homeowners in Florida. AMIE, which is headquartered …
Buckle, a tech-enabled financial services company, has expanded its rideshare-only auto insurance into Tennessee. Last year, the company launched the insurance offering that provides rideshare and transportation network company (TNC) drivers with personal and commercial coverage in one policy to …
