Markets/Coverages News

Insurtech Trov Partners with UFODRIVE to Insure London-Based Electric Vehicles

Trov, the San Francisco-based insurtech company, announced that UFODRIVE, a frontrunner in sustainable car rental, has selected Trov’s Mobility Insurance Platform for its fleet of fully electric vehicles. UFODRIVE will benefit from Trov’s risk operations, combined with context-based commercial insurance, …

Low-Level Jobs, Less School Could Mean Costly Auto Policies

Drivers with less education and lower-ranking jobs could wind up paying more for auto insurance, magnifying the impact of systemic racism, according to a Consumer Reports analysis. The consumer-advocacy group sought price quotes from several insurance companies for a hypothetical …

Real Estate Developer The St. Joe Co. Forms Watersound Insurance Agency in Florida

The St. Joe Company, a Northwest Florida-based real estate developer and asset manager, has formed Watersound Insurance Agency, LLC, a new venture offering personal and commercial insurance services in Northwest Florida. St. Joe has entered into a co-broker agreement with …

WestPro Insurance Partners with Obsidian on Bars, Taverns, Restaurants Program

Managing general underwriter WestPro Insurance Services has formed a program partnership with Obsidian, a hybrid fronting program carrier. WestPro, a division of Platinum Specialty Underwriters, targets neighborhood bars, taverns, and restaurants with liquor sales, both with and without entertainment, and …

Attune to Offer General, Professional Liability Products Through Hiscox

Attune Insurance Services, LLC has launched general liability and professional liability products with Hiscox serving as the carrier. The Attune and Hiscox partnership adds over 180 new classes and two admitted products to the Attune broker platform. All brokers with …

Farmers Launches Direct-to-Consumer Policies in Mississippi

Farmers Insurance has launched a range of customizable insurance products in Mississippi. Customers throughout the state can now quote and purchase auto, home, condo, and renters products in a direct-to-consumer model. According to Keith Daly, president of personal lines for …

Liberty Specialty Markets Launches German Terrorism Insurance Coverage

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched new terrorism insurance coverage in the German market, effective immediately. Since LSM entered the market in 2018, business written used the standard London market cover. The new terrorism …

Berkshire Hathaway GUARD Expands Homeowners Coverage Into Georgia, Utah

Berkshire Hathaway GUARD Insurance Companies has added Georgia and Utah to the list of states where the insurer offers its homeowners product. With these additions, the company now offers its personal lines products in 22 states with plans for further …

Core Specialty Partners, Lancer Launch Excess Transportation Program

Core Specialty Insurance Holdings and its subsidiaries have partnered with Lancer Management Co. to provide excess liability limits for qualified local, intermediate and long haul trucking accounts as well as general commercial and public automobile companies. The new excess facility …

Willis Towers Watson Launches Suite of Cyber Risk Management Assessments

Insurance broker Willis Towers Watson has introduced two new cyber risk assessment services – the Workforce Cyber Culture Assessment (WCCA) and the Ransomware Risk Assessment (RRA) Willis Towers Watson describes the WCCA as an innovative cyber risk methodology specifically designed …