Markets/Coverages News

Chubb Launches Non Damage Terrorism Product for Businesses

Chubb has launched an insurance coverage aimed at bridging gaps in traditional terrorism business interruption policies. Chubb’s Non Damage Terrorism Solutions is a single policy offering non damage business interruption, plus employee and customer care assistance as a result of …

Top 5 Trends in Changing Personal Umbrella Market That Agents Need to Know

The personal umbrella market had been steady for many years, with lots of choices available in the market when it came to finding the right coverage for customers. However, recent changes are turning the market upside down and creating additional …

Moore to Lead New Epic National Farm & Ranch Practice

EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has expanded their insurance offering in the Farm & Ranch Insurance market with a new practice being led by Chris Moore, president, EPIC Farm …

ProSight Expands Into Captive Market; Founder Beneducci Resigns to Form Agency

ProSight Global, Inc. (PROS) is expanding its insurance portfolio into the captive insurance market as part of a what it described as a strategic move that includes ProSight’s founder and former CEO Joe Beneducci stepping down from his current role …

Everest Offers Small Law Firm Liability Program Via Digital Broker Embroker

Everest Insurance has joined with digital broker Embroker to provide an online lawyers’ professional liability program for law firms with up to 10 employed attorneys. Through Embroker’s digitized platform, Everest’s Lawyers’ Professional Liability policy offers several coverage enhancements. The coverage …

Liberty Global Transaction Solutions Launches Contingent Legal Risk Insurance Product

Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, has launched Contingent Legal Risk Insurance within its global portfolio of transactional risk products and services. Aude Bonnemaison, a representations and warranties/warranty and indemnity insurance underwriter within Liberty GTS with …

State of Insurance Agency E&O Insurance Market: Managing Rates and Risks

Agency errors and omissions (E&O) coverage is likely the most important insurance policy an agency purchases. As customer demands rise to an all-time high, having the right E&O coverage and ensuring best practices are followed to prevent E&O claims is …

Liberty Mutual Surety Launches Product Line for Small, Mid-Size Contractors

Liberty Mutual Surety has launched a new product line dedicated to contract transactional and small- to mid-sized surety business. Liberty Mutual Surety Plus is available through independent agents and serves contractors that need standard bond programs up to $25 million, …

Virtual Auto Insurance Agency Insurify Raises $23M; Will Expand Into Home, Renters, Life

Digital auto insurance comparison agency Insurify announced it is expanding into home, renters and life insurance comparison. To help drive its expansion, the Cambridge, Mass.-based company said it has raised $23 million in Series A funding, led by MTech Capital …

Brownyard Group Expands Cemetery, Crematory, Library Programs into New States

Brownyard Group has expanded its insurance program for cemeteries and crematories, Memorialpro, and insurance program for non-profit libraries, By The Cover, will now be available in additional states. In addition to states where the programs had previously been available – …