C. V. STARR & COMPANY (CALIFORNIA), a member of Starr Cos., enhanced its offerings with the creation of a customized approach to educational institutions. Public and private educational institutions with a retained limit (up to $25 million) have access to an integrated policy form, collaborative claims consulting and Starr's actuarial analysis.
EXCEPTIONAL RISK ADVISORS LLC (ERA), a provider of high-limit specialty insurance products, introduced ESOP Select. This insurance solution provides liquidity to protect either ESOP debt or repurchase obligations due to a serious disability of a key shareholder, up to $100 million per insured person of disability protection.
IRONPRO, the professional liability unit of Ironshore Inc., released a comprehensive kidnap and ransom product, as a leading stand alone policy, or in conjunction with its existing management liability lines. Complete with crisis response services, the product provides a broad range of liability protection against unexpected occurrences faced by global corporations, including both kidnap and alleged kidnap for ransom, detention, hijacking, bodily injury, property damage and product/trade secret extortion.
MARSH has created a new form of insurance protection, the FDIC Receivership Endorsement, that is designed to cover the costs associated with an FDIC receivership action. It is designed to provide additional cover to executives and directors at financial companies, whose personal assets are now at greater risk as a result of expanded Federal Deposit Insurance Corporation authority.
LOCKTON launched a package of risk management solutions called Enterprise Disruption Contingency Insurance, an "umbrella solution" for such gray area risks as loss of intellectual property rights, inability to manufacture or distribute a product because of another organization's product recall, regulatory risks, and information technology network disruptions or suspensions. Supported by key London insurance market syndicates, Lockton can offer initial insurance capacity of up to $75 million for this program.
GUIDEWIRE SOFTWARE, a provider of flexible core systems to property/casualty insurers, announced the availability of Guidewire PolicyCenter 7.0, the latest version of its underwriting and policy administration system. Areas of enhancement include customer focus, underwriting excellence, business agility and reinsurance.
ADM CROP RISK SERVICES introduced the Aeros Adjuster system, bringing convenience and quick payment for insurance claims to farmers. The Aeros Adjuster software runs on ClaimTop, a specially designed tablet PC that includes GPS technology, a camera and a cellular data connection.
INSFOCUS SYSTEMS, a developer of business intelligence software for insurance companies, released a new agent portal for users of InsFocus BI. The portal is designed to provide agents with access to information critical to their marketing and client retention,
Catastrophe modeler EQECAT INC. released its Insured Loss Database (ILD) for the United States, Japan and Europe. The database combines its natural catastrophe models for earthquake, hurricane, typhoon and extratropical windstorm with the modeler's insured exposure data for these regions.
THE CHUBB GROUP OF INSURANCE COS. now offers its customers Global Loss Run Reports for controlled master programs and admitted property, casualty and professional liability policies around the world. These global reports can help companies quickly identify emerging loss trends so they may take corrective measures by providing companies with detailed information on insurance claims by country, year and policy.
ZURICH launched Zurich Real Talk, a new social networking community exclusively for commercial real estate practitioners. Zurich Real Talk offers members the ability to have frank discussions about market trends and industry risks, access exclusive content and pose questions to a team of subject matter experts.
May 3, 2011
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