Markets/Coverages News

Smart Club Program from Insurance Office Of America Targets Member Organizations

Insurance Office of America has launched Smart Club Program – a new program exclusively for athletic, city, country, faculty, golf, military, town, and yacht clubs. The Smart Club Program is custom designed for the needs of each club, offering a …

Cybersecurity Provider Coronet, Coalition Partner on Small Business Cyber Product

Small business cybersecurity provider Coronet has partnered with Coalition, a cyber insurance provider for small and midsized businesses, to offer cyber insurance to Coronet customers. The partnership combines Coronet’s data breach protection platform with cyber insurance coverage up to $500,000. …

Trov, U.K.’s Lloyds Banking Group Partner on Digital Renters Insurance App

Trov has rolled out its digital renters insurance application, an end-to-end product brought to market by a unit of Lloyds Banking Group in the U.K. Trov, an insurance technology company, said the product enables renters to activate their base home …

Lloyd’s Launches Space Insurance Policy for Emerging Private Space Sector

Lloyd’s has launched a new multi-million-pound space insurance policy for the emerging private spaceflight industry. The product is designed to cater to the distinct needs of a rapidly growing new space sector, which, according to Lloyd’s, could be the driving …

RLI Transportation Launches Digital Accident Kits

RLI Transportation, a division of RLI Insurance Co., is now offerings digital accident kits for customers to report accidents. In addition to traditional accident kits, RLI Transportation insured drivers can now report an accident with any internet-compatible device. Customers can …

Berkley One Launches Flood Product in New Jersey; Expands Coverage in Vermont, Mass.

Berkley One (a Berkley Company), a startup insurance provider high net worth individuals and families, has introduced a new excess flood product, as well as broader geographical capabilities with a launch in Vermont and deepening capabilities in existing states with …

Swiss Re Corporate Solutions ONE Form Offers Standardized Global Property Policy

Swiss Re Corporate Solutions has launched ONE Form, a tool designed to create standardized master and local policies. The ONE Form wording enables the closest possible alignment of master and local policies, while respecting local requirements and expectations, giving customers …

Preferred Property Program Launches D&O Policy for Community Associations

Preferred Property Programs (PPP), a division of Jacobson, Goldfarb & Scott, Inc. (JGS Insurance), has released a national insurance product for community associations. In conjunction with AXA XL, a division of AXA, PPP will offer a directors and officers insurance …

Berkshire Hathaway Specialty Insurance Offers Commercial Crime Cover in Asia Market

Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing Commercial Crime Insurance in Asia, a new policy designed to help companies address the exposures of a changing fraud landscape. BHSI’s Commercial Crime Insurance policy offers concise contract language for …

AXA XL Launches Risk Innovation Incubator Called ‘Cube’

AXA XL Insurance launched Cube, a risk innovation incubator, a six-week program designed to enable risk managers to work alongside AXA XL risk and innovation experts to develop innovative risk management solutions for their most complex risks. The program comprises …