new product News

Insurance Kiosks the Wave of the Future?

Milk…check; Eggs…check; Bread…check; Car insurance…wait, what? Most Americans’ grocery lists don’t typically read this way, but a new approach to selling personal auto insurance from Nashville-based, Direct Auto Insurance Co., could change the way consumers buy their coverage. The company, …

ThinkRisk, Aspen Launch New Private, Non-Profit Management Liability Program

ThinkRisk Underwriting Agency, a division of RSG Underwriting Managers, LLC, and Aspen US Insurance have launched a new national management liability package program. The product is available on an admitted basis in most states and offers multiple coverage lines for …

ISO Launches Standardized Motorcycle Program for Personal Lines Insurers

ISO has filings underway for its new standardized motorcycle program. The program consists of forms, rules, and loss costs tailored to fit the specific requirements for insuring a motorcycle. The base policy provides liability, medical payments, uninsured motorists, and physical …

WKFC Launches Miscellaneous Professional Liability Program

Ryan Specialty Group’s WKFC has launched a miscellaneous professional liability program with the Chubb Group of Insurance Cos. (Chubb). The miscellaneous professional program is available for more than 100 classes of business that are not covered by traditional coverage. The …

AIG Launches Product Recall Estimate Service, Raises Contaminated Product Limits

In response to the growing financial impact and frequency of product recalls for food and beverage manufacturers, distributors and importers in the U.S. and Europe, American International Group (AIG) today launched NOVI, a web-based service to help companies estimate the …

All Risks Launches Workers Comp Product for Agriculture Risks

The recently formed Workers’ Compensation Specialty division of All Risks, Ltd., has launched its second specialty class, WC for agriculture exposures. This unit will offer workers’ compensation through two carriers for a variety of agriculture risks, focusing on cotton gin …

U.S. Risk, Western World Launch Private D&O, EPL, Fiduciary Liability Program

U.S. Risk Pro, a division national MGA and surplus lines wholesaler U.S. Risk Insurance Group, Inc., and Western World Insurance Group have launched a new program for private company directors and officers liability. This national program will include employment practices …

Allied World Launches Admitted Lawyers Professional Liability Product

Allied World U.S. has launched a new admitted lawyers professional liability product: Allied World LPL Assure. LPL Assure includes provisions specifically addressing privacy and network security wrongful acts, with coverage up to the full policy limit for no additional premium. …

Freedom Specialty Insurance Enters Surety Market, Hires Albanese as VP

Freedom Specialty, with the backing of Nationwide Insurance, has expanded into the surety segment and named Antonio C. Albanese vice president of the new product line. Albanese will be responsible for building and managing Freedom’s surety bond business in the …

Willis Launches New Policy to Cover Repatriation Costs for Stranded Seafarers

Willis Group Holdings has launched a new liability insurance policy to cover the costs associated with repatriating stranded seafarers. The Maritime Labor Convention, 2006 (MLC) which came into force on August 20, states that flag states are responsible for repatriating …