Markets/Coverages News

Southern Fidelity Insurance Recruiting New Agents in Mississippi

Southern Fidelity Insurance Company, a regional insurance company serving consumers throughout the Southeast, is looking to recruit local agents in Mississippi after expanding into the state in July. The company, which has been doing business since 2005, said it is …

Chubb Personal Auto Service Protects Insured Info for Total Loss Vehicles

Chubb has launched a new service designed to help personal auto clients remove sensitive electronic information from their vehicles in the event of an insured total loss. “While hands-free GPS and mobile connectivity has made driving more convenient and safer, …

Here’s How Aon’s New Reinsurance Auction Works

The broker Aon plc has launched an auction capability for the Jan. 1, 2020 reinsurance renewals, which is designed to provide additional options for insurer clients by reducing the timeframe around pricing negotiations while providing contract certainty to secure pricing …

Fairmatic Bets On Driver-Driven Premium Adjustments to Score in Commercial Auto

Managing general agent (MGA) Fairmatic has introduced a usage-based insurance model that features monthly commercial auto premium adjustments based on an insured’s driving behaviors. Fairmatic’s “performance-priced commercial auto insurance” product is currently available to commercial fleets and on-demand delivery and …

Berkshire Hathaway GUARD Expands Commercial Package Coverage Into New Jersey

Berkshire Hathaway GUARD Insurance Companies has expanded its Commercial Package product into New Jersey. This offering includes: Commercial property with limits up to $120 million per location with an enhanced causes of loss form which includes built-in equipment breakdown and …

Agency Vows Lower Cyber Insurance Deductible for Multi-factor Verification

Coalition, a cyber insurance agency for small and midsize businesses, has launched an incentive program to reward policyholders who implement multi-factor authentication (MFA, also commonly known as 2FA) on their business email accounts. Coalition said recent reporting shows that enabling …

Startup Agency Zeguro Helps Businesses Manage Cyber Risk and Insurance Premiums

Insurtech Zeguro has launched its platform designed to help small and midsize companies manage cyber threats in multiple ways. The San Francisco-based managing general agency describes itself as an “end-to-end cyber safety platform and insurance provider.” Its new platform includes …

JBA Risk Management Launches Probabilistic Global Flood Model

The global leader in flood risk management, JBA Risk Management, launched the first probabilistic global flood model, which allows re/insurers to model river and surface water flood at 30 meters (98.4 feet) resolution worldwide. The Global Flood Model not only …

Willis Towers Watson, Sompo GRS Launch Middle Market Real Estate Platform

Willis Towers Watson has entered into a strategic partnership with Sompo Global Risk Solutions (GRS) to create an integrated insurance platform to serve the needs of the middle market commercial real estate segment. The Willis Towers Watson Retail, Office and …

ARAG, Morrison Insurance Solutions Launch Coverage for FosterTalk Legal Guardians

Leading legal expenses insurance provider ARAG plc has developed a product with specialty insurance broker Morrison Insurance Solutions to offer legal advice and protection to special guardians. The product has been created for the independent, not-for-profit organization FosterTalk, which provides …