Markets/Coverages News

Nationwide ‘Express’ Portal Promises Agents Multiple Product Quotes in 2 Minutes

Nationwide is introducing Nationwide Express, a technology platform that promises agents can quote policies for auto, homeowners and renters insurance in two minutes as well as tailor coverages, bind coverage, and process payments and trailing documents quickly. Nationwide Express cuts …

PURE Programs Launches California High Wildfire Risk Homeowners Program

PURE Programs has launched a new High Wildfire Risk Homeowners Insurance program, with coverages for retail insurance brokers serving clients that own high value homes in California at greater-risk of loss from wildfire. PURE Programs’ High Wildfire Risk Homeowners Insurance …

Pool Re Forms Specialist Unit to Help U.K. Insurers Build Terrorism Risk Resilience

Pool Re, Britain’s government-backed terrorism reinsurer, has launched of Pool Re “Solutions,” a specialist unit created to support its member insurers and their policyholders by sharing the understanding and partnerships it has established over 25 years of reinsuring terrorism risk. …

EPIC Launches Site Pollution Liability Insurance Program for Cannabis Risks

Greyling Insurance Brokerage & Risk Consulting (Greyling), a division of EPIC Insurance Brokers & Consultants (EPIC), has launched a nationwide site pollution liability insurance program for the emerging cannabis industry. Available in states where cannabis is legal for recreational and …

Coalition Makes Cyber Risk Assessment Tool Available for Free to Small, Midsize Firms

Coalition, a cyber insurance company for small and midsize businesses, has launched a free, publicly available cybersecurity and risk assessment tool that assesses the expected probability and severity of a security incident for a company. Using Coalition’s proprietary underwriting platform …

Hamilton’s Pembroke Managing Agency Forms Cyber Team, Launches Cyber Product

Hamilton Insurance Group Ltd. announced the launch of a new team of underwriters at the recently acquired Pembroke Managing Agency Ltd. and the development of a new cyber product. Pembroke’s four-person cyber team is led by divisional director Jacqueline Spencer-Sim. …

Fidelis Insurance Takes Equity Stake in New MGA Perigon, Provides Capacity

Fidelis Insurance, the Bermuda-headquartered re/insurer, announced it has taken an equity stake in a new managing general agent (MGA) Perigon Product Recall Ltd., and will be providing underwriting capacity. Perigon’s focus will be product recall and product contamination coverage for …

AIR Worldwide Launches Multi-Peril Crop Insurance Model for India

Catastrophe risk modeling firm AIR Worldwide (AIR) announced it has released a Multiple Peril Crop Insurance (MPCI) Model for India to help support probabilistic assessments of potential losses caused by yield shortfalls for 11 major crops across the two main …

RLI, Gridiron Form Excess Liability Binding Authority Partnership

RLI has formed a partnership with Gridiron Insurance Underwriters to offer RLI’s excess liability binding authority insurance through Easy Excess, Gridiron’s dedicated online wholesale excess liability portal. The Easy Excess platform allows appointed producers to quote, bind and issue excess …

Benefitfocus Adds Toggle, a Renters Insurance Subscription Product from Farmers

Benefitfocus, a cloud-based benefits platform, has added Toggle, a Farmers company, is to its BenefitsPlace offering. BenefitsPlace allows employers, brokers and medical insurance carriers to offer specialty benefits products from more than 45 brands. The product catalog also gives consumer …