new product News

Berkshire Hathaway Specialty Insurance Enters Travel Insurance Business

Berkshire Hathaway Travel Protection, part of Berkshire Hathaway Specialty Insurance, has launched the first product in its new travel-insurance line designed for travelers, travel agencies, tour operators and travel suppliers called AirCare. AirCare is a fixed-benefit flight protection coverage available …

Liberty Mutual Adds Cyber Coverages to Small Business BOP Policies

Liberty Mutual Insurance is now offering its small business customers data compromise and CyberOne endorsements for its BOP product available on the company’s eCLIQ policy administration platform. The data compromise endorsement carries an annual aggregate limit of $50,000 and is …

ACE Expands Digital Technology Offering to Address Product Recall Risks

ACE Group has launched a new endorsement to help protect technology companies from exposures resulting from products that are sold and distributed to third-parties. The new ACE DigiTech and Product Recall endorsement offers expanded digital technology coverage providing out-of-pocket recall …

Scottsdale, Virtue Risk Partners to Offer Commercial Package Product

Scottsdale Insurance Co. has partnered with Virtue Risk Partners, LLC to offer a commercial package product. Virtue Risk Partners will offer commercial package products, including commercial general liability, professional, excess, environmental, commercial auto, and storage tank compliance coverages. The products …

Schinnerer Introduces Residential Builders’ Risk Program

Underwriting manager Victor O. Schinnerer & Co. has launched a new residential builders’ risk program. Schinnerer will serve as a program access point for retail agents and brokers. The inland marine line of coverage, offered on admitted paper through Arch …

Liberty Mutual Launches Assumed Reinsurance for Equipment Breakdown

Liberty Mutual Insurance now offers equipment breakdown assumed reinsurance to insurers through treaties, programs and on a case-by-case basis, giving property/casualty insurers a new source for reinsurance of equipment breakdown. According to Mike Martin, executive vice president and general manager, …

PartnerOne Environmental, ACE Westchester Launch New Energy Product

PartnerOne Environmental has partnered with ACE Westchester Environmental to offer PartnerOne Energy Select, a new packaged insurance product specifically for environmental energy contractors and consultants. PartnerOne Energy Select has been designed for insureds that provide a range of support operations …

QBE North America Launches Management Liability & Professional Lines Coverages

QBE North America’s continues its expansion into the management liability & professional lines arena with the launch of three new products for public and private commercial companies and financial institutions and non-profit businesses. The three products currently available in the …

ACE Enhances Life Sciences Coverage Offerings

The ACE Medical Risk Group has enhanced its life sciences capabilities to include a commercial package offering comprised of general liability, inland marine, crime, umbrella liability and business automobile coverages to help address the needs of life sciences companies. The …

AIG Expands Cyber Coverage to Include Physical Risks from Cyber Events

AIG has expanded its cyber insurance offering to include property damage and bodily injury exposures. This new cyber offering provides commercial customers a way to manage physical risks to their operations from cyber attacks and cyber security failures. AIG’s expanded …