Markets/Coverages News

Toyota to Offer Nationwide’s Auto Insurance Product with Telematics

Toyota car owners can buy insurance that promises them up to 40 percent savings for safe driving. Toyota Insurance Management Solutions (TIMS) has teamed up with Nationwide to launch what they are calling TIMS BrightDrive, a telematics offering that uses …

Zurich Insurance Partners with Cyber-Security Specialist CYE

Zurich Insurance Group has created a new offering together with cyber-security company CYE to shield businesses against the growing risks of cyber crime. With the partnership, Zurich’s specialist cyber insurance and risk engineering capabilities are combining with CYE’s artificial intelligence-based …

Farmers Insurance Expands Into South Carolina with Online Auto Insurance Policy

Farmers Insurance has launched its first auto insurance product in South Carolina, delivered exclusively through a new digital and customizable auto insurance policy available on Farmersdirect.com. The digital auto insurance product in South Carolina offers quick quoting and a self-serve …

RLI to Offer Samsara IoT Loss Control Services to Trucking, Commercial Auto Clients

RLI Transportation, a division of RLI Insurance Company, has partnered with Samsara, an industrial IoT company that provides sensors and software to manage vehicle fleets and industrial operations. The partnership will provide RLI Transportation customers within the large trucking, public …

Swiss Re’s iptiQ and IKEA Partner to Offer Home insurance

Swiss Re’s iptiQ and IKEA announced the launch of HEMSÄKER, home insurance that provides accessible protection at an affordable price, said Swiss Re in a statement. HEMSÄKER, which can be purchased online via the IKEA website, was created to extend …

Chubb Expands Incident Reporting Tool to Excess Casualty Clients

Chubb has expanded access of its Incident Alert tool to its Excess Casualty clients during catastrophic events. The tool, which has previously been used by Chubb environmental and cyber customers, now can assist Excess Casualty clients during a catastrophic event …

Sompo Global Risk Solutions Launches Product for Life Sciences Industry

Sompo Global Risk Solutions has introduced Sompo Life Science Plus, a products-completed operations and errors and omission liability protection product built for the life sciences industry. The new product offers coverage for various life science products, including products used in …

Insurtech Lemonade Prepares to Unleash a Pet Insurance Product

Insurtech carrier Lemonade plans to debut pet insurance later this year. Lemonade says it hopes to launch the pet insurance product within a few months, pending regulatory approval. It has opened its site to early registrations. The digital insurer, which …

Homeowners Insurtech Openly Expands Into Tennessee

Openly Inc., an insurtech backed by Gradient Ventures, Google’s AI-focused venture fund, has gone live in Tennessee. The addition of Tennessee comes on the heels of the company’s launch and funding announcement in late 2019, along with a recent expansion …

Berkshire Hathaway GUARD Expands Commercial Package Coverage Into Michigan

Berkshire Hathaway GUARD Insurance Companies has added Michigan 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 with an enhanced causes of loss …