ALLIED WORLD ASSURANCE COMPANY HOLDINGS enhanced its standard lawyers platform from Allied World U.S. to ease administration and expand coverage offerings for both new and renewal business. Coverage enhancements will include increased reimbursement for lost earnings coverage; increased disciplinary proceedings; subpoena coverage; and a modified consent to settle provision.
MARSH launched a new product for midsize U.S. chemical and processing companies with annual sales between $25 million and $500 million. Called ChemPreferred, it is a customized package of policies including comprehensive casualty, property and environmental insurance coverages.
IronPro, the professional liability unit of IRONSHORE INC., introduced a specialized technology professional liability policy designed for the complex exposures of the information technology and computer industries. TechDefender provides for policy limits of up to $15 million for a broad spectrum of commercial technology liability risks, including network security, privacy and Internet media, and can also respond to cover reimbursement of privacy breach expenses, digital asset expenses and business-interruption costs.
XL INSURANCE unveiled a new fine art, property and liability policy for clients in Austria, Germany and Switzerland. XL Mosaic is aimed at private and corporate collectors, museums, watchmakers and jewelers. It provides a single policy for fine art, artifacts, jewelry, buildings, fixtures and contents, and includes business-interruption, transports and general liability coverage worldwide.
The RETAIL INDUSTRY LEADERS ASSOCIATION (RILA) is partnering with the National Institute for OCCUPATIONAL SAFETY AND HEALTH (NIOSH) to further efforts to enhance the safety and health conditions in the retail industry. Through their partnership NIOSH and RILA will collaborate to provide outreach, communication, and professional development opportunities regarding occupational safety and health, and facilitate the transfer and implementation of effective workplace injury prevention measures.
THE INTERNATIONAL FOUNDATION OF EMPLOYEE BENEFIT PLANS and THE NATIONAL ALLIANCE FOR INSURANCE EDUCATION & RESEARCH will jointly conduct the third Employee Benefits Producer Training Program. The results-oriented, 12-day program blends technical benefits knowledge with a proven sales skill building curriculum and will be conducted at the American Airlines Training Facility and Conference Center in Fort Worth, Texas.
The INSTITUTE FOR BUSINESS & HOME SAFETY (IBHS) made available new guidelines to protect property from the effects of earthquakes. Titled "Earthquake Risk Around the U.S.: How to Protect Your Property," the guide provides information to help residents and business owners better understand the areas of a home or business most vulnerable to earthquake damage and offers solutions to minimize the risk of property losses.
ZURICH announced Zurich Fleet Intelligence (ZFI), a service that combines data from the world's top telematics providers with Zurich analytical tools to turn the data into meaningful insights to help fleet managers reduce their fleet operating costs, reduce accidents, influence future insurance premiums and more.
NSM INSURANCE GROUP now offers a convenient tool for busy agents and brokers looking to write new business with speed and efficiency for its Homebuilders Coverage Insurance Program. Called the Builder's Risk Single-Shot Worksheet, it is an online builder's risk proposal form that agents can download and complete to auto-generate a Single-Shot Builder's Risk Proposal for their clients or prospects.
January 25, 2011
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