COVERAGES
PMC INSURANCE GROUP released two new workers' compensation programs, one for waste haulers and the other for nonemergency medical transportation. They are national programs with an A-rated carrier.
CHUBB GROUP OF INSURANCE COS. released new errors-and-omissions and general liability policies to help address the exposures of life sciences companies, called the Extended General Liability for Life Sciences and INTegrity+.
ONEBEACON PROFESSIONAL INSURANCE expanded its offerings to include a management liability product for private companies, including coverages for D&O, EPL, fiduciary and crime.
ARGO NATIONAL and EWEATHERRISK.COM partnered to provide weather risk transfer solutions to Argo's agricultural clients. eWeatherRisk.com provides an online platform to create and customize weather risk management products.
SOLUTIONS
PITNEY BOWES MANAGEMENT SERVICES announced an integrated return mail management service offering for insurance companies that can update 60 percent to 80 percent of incorrect addresses and minimize return mail.
RISK MANAGEMENT SOLUTIONS (RMS) released a major upgrade to its U.S. Hurricane Model, incorporating significant new datasets and scientific developments to advance the industry's view of U.S. hurricane risk.
The U.K. Employee Benefits Practice of WILLIS launched TotalRewards, a new online service to help employers maximize and streamline their employee benefits programs. It includes an online personalized employee portal.
UNDERWRITING
CHARTIS launched a website that gives insurance brokers access to its online commercial insurance underwriting applications and other services. Called MyChartis, the site will provide anytime access to account-related information and underwriting and submission applications and updates.
ALLIED WORLD ASSURANCE CO. HOLDINGS implemented a new automated renewal underwriting platform for small businesses looking for renewal quotes and policy binding from its U.S. unit, Allied World U.S. The process is currently deployed for standard lawyers and errors-and-omissions business.
March 1, 2011
Copyright 2011© LRP Publications