Markets/Coverages News

Lloyd’s Launches Biz Interruption Insurance Policy for SMEs, Led by Tokio Marine Kiln

Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small-and-medium-sized enterprises (SMEs), specifically designed to protect them against IT disruption or downtime. Parametrix Insurance offers simple and reliable coverage by removing the traditional indemnity trigger that most insurance policies …

Summit Credit Union of N.C., The Needham Group Launch In-House Insurance Program

Summit Credit Union of North Carolina in partnership with The Needham Group, Inc. has launched their new in-house insurance program, Summit Insurance Solutions to provide a full suite of affordable auto, home, and commercial insurance products working with national carriers …

HUB to Offer InsuraGuest Small Claims Hospitality Product to Hotel Clients

Hub International Limited (HUB), and InsuraGuest, Inc., have partnered to offer InsuraGuest’s Hospitality Liability coverage to HUB hotel clients in the U.S., with plans to expand to HUB’s clients in Canada by mid-2021. InsuraGuest coverage is available through a platform …

Beazley Expands Life Sciences Insurance Offering in UK

Specialist insurer Beazley has enhanced its life sciences insurance offering in the UK with the launch of a new policy designed to protect the sector’s small and start-up research & development-focused organizations. This follows the UK launch of Beazley’s internationally …

Arch Forms Underwriting Partnership with ProHost for Restaurant Industry Program

Arch Insurance has formed an underwriting partnership with ProHost USA, a Minneapolis-based insurance program administrator providing specialty packages to the restaurant industry. ProHost USA is part of Distinguished Programs, a national program administrator. Retail agents can now learn about and …

Berkshire Hathaway Guard Expands Professional Liability Products Into Multiple States

Berkshire Hathaway GUARD Insurance Companies has further expanded its professional liability products including coverage for lawyers, architects and engineers, accountants, as well as nearly 100 other classes of business. The company has added professional liability coverage for lawyers in Alabama …

Insurance Advisory Organization’s Pandemic Endorsement Approved by 6 States

AAIS (the American Association of Insurance Services) has received approval from six state insurance departments for its health-emergency policy endorsement, clarifying coverage and cancellation provisions in the wake of COVID-19. To date, the endorsement has been approved in Arkansas, Arizona, …

USI, Crum & Forster Offer Cyber Coverage to Bar Association Law Firms

USI Affinity and the American Bar Association (ABA) have partnered with Crum & Forster to offer a cyber liability insurance program for law firms nationwide. As the broker for the ABA Insurance Program, USI Affinity now offers access to this …

Great American, VGM Insurance Launch Golf & Country Club Program

Great American Insurance Group’s Alternative Markets Division has launched a new program for golf and country clubs across the United States in conjunction with VGM Insurance Services. The program based out of Waterloo, Iowa, was awarded to Great American effective …

NBIS Adds SCOR Companies as Market for Specialized Transport, Heavy Haul Industry

NBIS, a provider of specialty construction insurance and risk management will now offer coverage for the specialized transportation/heavy haul industry through a new market parntnership with the member companies of reinsurer SCOR. The specialized transportation business is defined as open …