new product News

ProSight Specialty Launches “Pay as you Build” Builders Reporting Policy

ProSight Specialty Insurance, a global insurance group in the construction industry, has launched a new product that will provide residential and commercial contractors with additional cash flow through a “payas you build” feature with a low deposit premium called Builders …

SullivanCurtisMonroe, CMTA to Launch Environmental Risk Management Program

SullivanCurtisMonroe (SCM) has formed a partnership with the California Manufacturers & Technology Association (CMTA) to launch the Environmental Risk Management (ERM) program. The ERM Program helps CMTA members manage the environmental risks facing their business through the use of ERM …

Motorists Mutual Launches Safeguard Product for Self-Storage Facility Owners

Motorists Mutual Insurance has introduced a product specifically to provide a safeguard for owners of self-storage facilities. The new self-storage coverage from Motorists helps business owners protect themselves with features such as: Actual loss sustained business income coverage Customer property …

Travelers Adds Special Expense Coverage to Public Entity Policies

Travelers has enhanced its public entity management liability (PEML) policy that provides limited special expenses coverage reimbursement related to the replacement of key employees in the event of a death or medically confirmed situation that results in their resignation or …

Ironshore International Launches Terrorist Coverage for High-Profile Events

Ironshore International has launched an insurance product that responds to the heightened risk exposure associated with high-profile events. The new product, “SecurEvent,” is a single broad form policy that offers a suite of coverage protection, including broad form contingency, general …

Schinnerer Introduces Stand-Alone Workers’ Comp

Underwriting manager Victor O. Schinnerer & Co. has introduced a new stand-alone workers’ compensation program. Schinnerer will serve as a program access point for retail agents and brokers. The stand-alone coverage, offered through an A-rated insurance carrier, is available for …

PURE Introduces Auto Insurance Option to Massachusetts Drivers

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property/casualty insurer that exclusively caters to high net worth individuals and families, will begin offering automobile insurance to its membership in Massachusetts. PURE began insuring fine homes, jewelry and art collections, excess liability …

XL Group Launches New Motor Cargo Truck Coverage

XL Group has added to its inland marine business with customizable coverage for mid-to-large size trucking operations in North America. Motor truck cargo coverage solutions includes flexible limits on 23 additional coverages, 22 optional endorsements, multiple reporting options and payment …

Travelers Launches New Construction Pak- Builders’ Risk Product

Travelers has introduced Construction Pak – Builders’ Risk, an enhanced product to help construction projects of all sizes and types stay on schedule. From standard construction to complex undertakings such as highway projects, stadiums and high-rise buildings, the enhanced builders’ …

Liberty International Launches Marine Business Owner Policy

Liberty International Underwriters (LIU), part of the Global Specialty unit of Liberty Mutual Insurance, has launched a new policy designed to cover marine liability and property related risks for small and mid-size marine businesses owners and operators. The new policy, …