new product News

Marine Insurer Seacurus Launches South-East Asian Petro-Piracy Coverage

Specialist marine insurance intermediary, Seacurus, has developed a petro-piracy endorsement which can be added to existing kidnap & ransom (KR) insurance cover. The coverage was developed in response to the evolving threats to ships, their cargoes and crews when transiting …

GEICO Launches Ridesharing Coverage in Virginia

GEICO has rolled out a new product to meet the insurance coverage needs of ridesharing drivers in Virginia. The product, available now to new and existing customers, covers drivers that Uber (UberX and UberXL), Lyft, Sidecar and others have approved …

CapSpecialty Introduces E&O Insurance for Technology Providers

CapSpecialty has launched CapSpecialty TechMediaCyber (CapTMC), a new professional liability errors & omissions product issued by Capitol Specialty Insurance Corp. that includes cyber protection and offers data privacy and network security coverage. CapTMC provides critical coverage for clients across the …

Lexington Product Recall Insurance Covers Celebrity Endorsement Risks

American International Group Inc.’s (AIG) Lexington Insurance has introduced Celebrity Product RecallResponse, a new insurance product designed to help customers respond to risks from a celebrity endorser’s public fall from grace, scandal or unexpected death. Celebrity Product RecallResponse covers certain …

Starr Cos. Add Umbrella Product to Small Business Policies

Starr Cos. has launched a new commercial insurance umbrella liability policy, designed specifically for small-sized businesses. This product marks the next phase in Starr’s growing suite of insurance options for small businesses. The commercial insurance umbrella policy complements the company’s …

HSB Introduces Technology Equipment Breakdown Coverage

The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has launched HSB TechAdvantage, an equipment breakdown and technology insurance that covers losses resulting from microelectronic failures. Microelectronics, with circuitry thousands of times smaller than a human …

SASSI Introduces Workers’ Comp Coverage for Beauty Shops

The Salon and Spa Specialty Insurance agency (SASSI), is now offering workers’ compensation insurance coverage for salons, day spas, electrologists, beauty schools and barber shops. Available through RTW, Inc., the CompConnect program is available in most states. To meet the …

Brit Launches Cyber Product for Critical Infrastructure, Industrial Machinery

Brit PLC, a global specialty insurer and reinsurer, has developed an insurance service to protect companies operating critical infrastructure and industrial machinery from terrorist and other malicious attacks, such as sabotage, espionage and theft. Critical infrastructure, operated through complex software …

Hiscox Launches Private Investment Fund Portfolio

Hiscox, the international specialist insurer, has launched its Private Investment Fund Portfolio product to provide protection for many types of asset management firms. The portfolio provides coverage for lawsuits alleging breach of fiduciary duty, fraud, insider trading, securities law violations, …

Marsh Launches Catastrophic Cyber Policy For Large Companies

Marsh, a global insurance broker, risk manager and a wholly owned subsidiary of Marsh & McLennan Cos., has launched a new cyber insurance policy that provides catastrophic protection for large companies seeking to better manage the growing threat of a …