A Newport Beach, Calif.-based specialty broker believes that now is the best time to start offering pandemic insurance. Elite Risk Insurance, which specializes in bespoke risk, is offering Pandemic Outbreak with COVID-19 Relapse coverage with limits from $2 million to …
IAT Insurance Group has expanded its multi-line DealerPack offerings for franchised auto dealerships to include dealers open lot insurance. Key elements of the policies include: Available as an option within the DealerPack package policy Guaranteed cost Available for “non-floored only” …
Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated Earthquake Model for Australia. These updates were prompted by findings in the National Seismic Hazard Model from Geoscience Australia (GA), which challenged established conceptions of Australia’s seismic …
A new model clause for clarifying coverage of motor terrorism risks has been published by the International Underwriting Association. It has been developed after a growing spate of terrorist attacks using vehicles led to concern about a potential concentration of …
A Boston-based national wholesale insurance broker is offering what it says is “among the first and most accessible” insurance policies for commercial risks arising from pandemics and epidemics. The policy, Pandemic Protector, is underwritten in the London market and exclusively …
Lloyd’s, the specialist insurance and reinsurance market, announced the creation and in principle approval of its newest “syndicate-in-a-box,” Syndicate 1796,* set up to insure the storage and transportation of a COVID-19 vaccine – once it is developed – to emerging …
Plymouth Rock Assurance, an auto and home insurance provider in the Northeast, has launched a new umbrella insurance product for customers across the six states in which it does business. Plymouth Rock’s new umbrella product was designed to give customers …
With new surplus lines capacity backed by Lloyd’s, cyber insurance and security company Coalition is moving beyond offering primary insurance coverage and entering the excess cyber insurance market. The San Francisco-based managing general agency (MGA) says it will now provide …
Ki, the first fully digital and algorithmically driven Lloyd’s of London syndicate, launched in collaboration with Brit Ltd. and Google Cloud, has announced the appointment of Dan Hearsum as managing director. Hearsum will report into Mark Allan, CEO of Ki. …
Specialist insurer Beazley has launched a suite of cyber and financial lines insurance products to protect against the risks facing businesses and senior executives in Colombia. Beazley has tailored an information security and privacy (InfoSec) policy that protects against a …
