Markets/Coverage News

BHSI Expands into Transactional Liability Market with Underhill, 3 Others

Berkshire Hathaway Specialty Insurance (BHSI) reported that it has expanded into Transactional Liability Insurance in the U.S. and Canada and named Robert Underhill as senior vice president, head of Transactional Liability. The company also appointed Dan Crosby as vice president, …

Taking Stock of D&O Insurance Market: Capacity, Coverage and Culpability

The directors and officers (D&O) liability marketplace continues to find softening rates and intense competition especially in excess layers, according to industry executives. The industry is also seeing a continuing trend of broader coverages, cyber risk emerging as a management …

Maritime Program Group Launches Non-Admitted Homeowners Program

Maritime Program Group (MPG) has launched a new non-admitted homeowners program offered through its Private Client Services division. According Brian Botwinick, VP of Private Client services, the product is backed by Lloyds of London. The program is available nationally, including …

Progressive Insurance Snags Texas Uber Drivers Account

Uber Technologies Inc. will use Progressive Insurance to provide coverage for drivers in Texas beginning on Friday, in a pilot that could lead the ride-hailing market leader to diversify its U.S. insurance purchasing from its current sole provider, Uber and …

AXIS Healthcare Launches Pandemic Protection for Hospitals

AXIS Healthcare—the division of AXIS Insurance that provides professional liability insurance and associated standard casualty coverages for physician groups, hospitals, allied healthcare facilities and individual physicians—has launched a new medical catastrophe (contagion) business interruption product for hospitals. The coverage protects …

Kinsale Launches New Law Enforcement/Police Professional Product

Kinsale Insurance Co. has launched a new law enforcement/police professional product. This is the initial product in Kinsale’s recently established Public Entity Division. Per Clay Rhoades, Kinsale vice president, law enforcement/police professional is the first of many products planned for …

Forrest T. Jones Launches Accountants Professional Liability Program

Forrest T. Jones & Company (FTJ) has completed an agreement with Liberty International Underwriters (LIU) to serve as the program administrator for LIU’s national accountants’ professional liability insurance program for accounts with annual revenues up to $5 million. FTJ will …

AAIS Releases New Builders’ Risk Coverage Form

A new builders’ risk coverage is now available for insuring civil or public works projects such as highways, levee systems, airports, and other facilities. The American Association of Insurance Services (AAIS) has released a new Civil Works Project coverage form …

CITA Insurance Services Launches Insurance Agents E&O Program

CITA Insurance Services, a division of Brown & Brown Program Insurance Services Inc., has released a new Insurance Agents Errors & Omissions program. CITA’s new Agents E&O program features vanishing and capped deductibles, personal identity/cyber event coverage (first party), an …

Ironshore Launches Product Liability Endorsements for Manufacturers

Ironshore Specialty Casualty has created a new suite of endorsements to address the products liability exposure of manufacturers and distributors. Coverage is underwritten on a primary basis with limits available of up to $5 million on an occurrence or claims-made …