Markets/Coverages News

BHSI Enhances Executive First D&O Liability Insurance in Asia

Berkshire Hathaway Specialty Insurance (BHSI) announced that it has enhanced its Asia Executive FirstDirectors & Officers (D&O) Liability Insurance to include a provision that reinstates policy limits exhausted by the entity or by individual insureds. “Corporate regulatory investigations have become …

Paychex Now Offering Cyber Liability Insurance to Payroll Clients

Payroll management firm Paychex is now making cyber liability insurance available to its clients through Paychex Insurance Agency and AXIS Insurance Co. The policy helps business owners mitigate the potential financial impact of data breaches, hackers, ransomware, and online banking …

Sompo Global Risk Solutions Forms Small Business Team in U.S., Mexico

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has formed a new Sompo Global Risk Solutions (GRS) team offering insurance products to smaller businesses in the U.S. and Mexico, including its industry vertical …

Empire Underwriters Expands Workers Comp Coverage to Various Trucking Classes

Empire Underwriters, a leading national insurance wholesaler, excess and surplus lines facility and program manager has released a new workers comp program for truckers, tow truck operators, and delivery companies backed by several “A” rated carriers. With the launch of …

Mobile Auto Insurer Root Insurance Expands Into California

Root Insurance, a licensed insurance carrier powered by mobile, has entered California, making it now available to 60% of the U.S. population. Customers can sign up and customize their coverage to immediately see how some coverage options can impact deductibles …

Chubb Launches Combined Product for Professional Service Firms

Chubb has introduced a new offering designed to help professional service firms mitigate a variety of exposures that can impact their businesses. The new Pro ERM offering combines miscellaneous professional liability, media liability, cyber liability, and first-party cyber coverages with …

Everest Insurance Launches Everest Elevation REIT Management Liability Policy

Everest Insurance has released a new Everest Elevation REIT Management Liability Policy (Everest Elevation), which provides management liability coverage for real estate investment trusts (REITs). The Financial Lines group at Everest Insurance offers industry-specific management liability insurance on a primary …

Empire Underwriters Expands Programs into Hawaii

Empire Underwriters, an MGA, surplus lines broker and wholesaler in business insurance underwriting and services, has launched new programs available in the State of Hawaii. The new programs include its Main Street Workers Comp as well as Hard to Place …

RSG MGA EmergIn Risk Enhances Agent, Broker E&O Program

EmergIn Risk, part of the Ryan Specialty Group family and a division of RSG Underwriting Managers, has expanded its insurance agents and brokers professional liability program, [In]fuse to include new coverage and less exclusions. EmergIn Risk (formerly ThinkRisk) launched [In]fuse …

New Hurricane Response Tools from Munich Re Aim to Improve Claims Experience

Munich Re has launched a new suite of hurricane response tools designed to help insurance companies assess widespread property damage after a hurricane and improve their customers’ claims experience. Developed by Munich Re’s Remote Industries team, the Hurricane Response Suite …