Markets/Coverages News

Markel Consolidates Property Catastrophe Reinsurance Business Under Nephila

Markel Corp. said it is creating one center for all of its global property catastrophe (CAT) reinsurance business by closing its Markel Global Reinsurance property CAT unit and having Nephila become Markel’s single point of entry for serving the property …

An Insurance Lyft: CSAA Forms Rideshare Carrier; Allstate, Liberty Mutual Offer Coverage

A new carrier has joined the rideshare insurance market, offering coverage to Lyft drivers in 11 states. At the same time, ridesharing firm Lyft’s drivers now also have access to coverage from Allstate and Liberty Mutual in a handful of …

Next Insurance Expands Workers’ Compensation to 24 Additional States

Next Insurance, a digital insurtech company focused on small business insurance, has expanded its workers’ compensation offering to 24 additional states, bringing the total number of states it offers coverage in to 30. The additional states include: Alaska, Arizona, Arkansas, …

UK Insurtech Zego Partners with 2 Independent Broker Networks to Expand Fleet Offering

London-based insurtech Zego has partnered with two of the UK’s biggest networks of independent brokers that sit within Bravo Group. Zego will benefit from access to a community of over 700 brokers, more than 60% of the UK independent broking …

Narragansett Bay Insurance Expands into Delaware, Maryland

Narragansett Bay Insurance Company (NBIC) began writing property and casualty insurance in Delaware and Maryland, effective Oct. 1, 2020. The two states mark the seventh and eighth states where the company provides homeowners insurance. NBIC already provides homeowners insurance in …

Next Insurance Adds 24 States to Its Workers’ Compensation Market Map

Next Insurance has expanded its workers’ compensation offering into 24 additional states, including Arizona, Connecticut, South Carolina, Indiana and Virginia. The digital small business insurer said that the coverage is now available in 30 states overall, increasing its workers compensation …

Plymouth Rock Assurance Launches Motorcycle Insurance in N.J., Pennsylvania

Plymouth Rock Assurance launched motorcycle insurance for riders across New Jersey and Pennsylvania. The launch of the product comes than a year after the company acquired Rider Insurance Co., which has focused on the motorcycle community for 50 years. Plymouth …

AXA XL Expands Construction Offering to ‘Highly Protected Projects’

AXA XL’s North America Construction insurance business has expanded its insurance programs and services for construction projects to include customized coverage for risks that qualify as a “Highly Protected Project” (HPP) because of their implementation of technologies designed to reduce …

Berkshire Hathaway GUARD Expands Commercial Package Coverage into Illinois

Berkshire Hathaway GUARD Insurance Companies has added Illinois to the list of states where the insurer offers its Commercial Package Policy. The product includes commercial property featuring limits up to $120 million per location (higher limits considered), with an enhanced …

CFC Upgrades Cyber Incident Response Mobile App

CFC has upgraded its cyber incident response mobile app to provide proactive and targeted cybersecurity alerts for CFC cyber insurance policyholders and immediate access to cyber security risk mitigation experts. Using the company’s data enrichment platform and threat intelligence feeds, …