|
|||
|
|
|
New Product Announcements: June 7, 2011
SOLUTIONS STONERIVER INC. released the Universal Reinsurance System version 7.1, which includes a newly designed launch page; automated reinsurance underwriting, claims processing and accounting features; and support for a Microsoft SQL Server relational database.
CAMILION SOLUTIONS made available fully integrated, prepopulated product definitions for ISO Commercial Auto, General Liability and Commercial Property. The new product lines can be integrated with any policy administration system, including Camilion's Authority Suite. XACTWARE released 360Value Management Reports. This business-intelligence solution provides insurers with the ability to analyze data for replacement-cost estimation. It is a module within Xactware's Web-based replacement-cost estimator for residential, commercial and agricultural properties, called 360Value. The beta testing phase has begun for product enhancements for AON ESOLUTIONS' risk information management system, RiskConsole. The new features include enhanced business intelligence, mobile applications, insurer ratings, and optimized workflow and user interface. COVERAGES St. Louis-based SAFETY NATIONAL launched its new Public Entity Multiline Program, which includes its signature excess workers' compensation product, along with auto and general liability coverage and law enforcement, public officials and educators legal liability coverage. XL INSURANCE unveiled new contractor's protective indemnity (CPI) coverage for the construction industry. This new coverage provides an additional layer of insurance protection to contractors working on design/build projects when their architect/engineer's limits are inadequate or eroded. CHUBB is adding up to $300,000 in insurance coverage through an automatic endorsement to its commercial excess and umbrella insurance policy to help pay for a customer's crisis management services. It is designed to help businesses manage major liability crises that are expected to generate significant adverse national or regional media attention. The HANOVER INSURANCE GROUP INC. introduced a new suite of professional liability products designed to meet the specialized needs of more than 30 professional services businesses. Highlights of the Hanover Professional Advantage for Personal, Business & Professional Services include liability coverage for errors and omissions, Internet liability coverage, prior acts coverage and limits up to $10 million. Melville, N.Y.-based managing general agent WKF&C AGENCY INC. announced a new program for assisted living facilities. The new program is available on nonadmitted paper in all states except Alaska and certain counties in Florida and offers limits up to $2 million/$4 million. RESOURCES LEXINGTON INSURANCE CO. invites policyholders, brokers and others to follow the company on Twitter @Lex_Ins for timely information on tropical storm conditions, prestorm preparation and post-event recovery this hurricane season. Underwriting manager NAS INSURANCE SERVICES launched its Data Security Risk Management website. The site offers up-to-date state and federal laws, compliance materials, training tools and procedures to reduce insureds' exposure to data breaches and third-party lawsuits. The NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS (NAIC) released the 24th edition of its Insurance Department Resources Report (IDRR): Volume One to help state insurance departments assess their resources in comparison with other states. The IDRR details how state insurance departments effectively manage their available resources in order to meet the challenge of regulating an increasingly complex and competitive industry. June 7, 2011 Copyright 2011© LRP Publications |
|
|
|
Entire contents copyright © 2013 Risk and Insurance® All rights reserved.
May not be reproduced in any form without written permission.
|