SOLUTIONS
CLAYTON CONSULTANTS launched RiskBrief, an online risk intelligence source that provides up-to-date risk analyses, security ratings and assessments for more than 180 locations worldwide about security and kidnap risk, including security overviews, situation reports, geopolitical or terrorist threat alerts, crime statistics, and travel information and advice.
ECRI INSTITUTE released its S+ Market Analytics Tool, a new price benchmarking and trending database that provides real-time market intelligence to help hospitals and health systems select and procure the best capital equipment for their needs.
CONTROLCASE enhanced its security and compliance management solution. ControlCase's GRC solution now supports log management, log analysis and file integrity monitoring.
VERTAFORE upgraded its AIM management system for managing general agents (MGAs) and wholesale brokers. The enhancements included in AIM 6.4 provide flexibility and consistency in information gathering and access, and include commercial policy issuance, Microsoft Outlook compatibility, and improved security and authentication features.
ONESHIELD INC. partnered with BROVADA TECHNOLOGIES, enabling the integration of their insurance-focused products. The partnership will enable North American insurers to leverage Brovada's portal alternative solutions to drive straight-through processing for real-time transactions with Dragon's policy management capabilities.
COVERAGES
AMWINS GROUP INC. developed an exclusive program for the auto repossession industry, available in all states except Massachusetts and New Jersey. Coverages will be written on a nonadmitted basis for commercial general liability and inland marine, auto liability, auto physical damage and garage keepers' legal liability.
EXCEPTIONAL RISK ADVISORS LLC introduced IPO Select, an insurance solution providing significant liquidity to mitigate the risk of death or disability for up to three key members of an initial public offering's (IPO) executive team. Coverage is available up to $100 million for each insured person for accidental death and disability.
TRAVELERS released a newly improved version of its Eagle 3 insurance protection for golf facilities. Travelers' improved Eagle 3 product offers new increased liability limits and flexible, customized coverage options, including an expanded errant ball coverage from auto to property coverage and an endorsement for food contamination cost reimbursement.
SERVICES
CHUBB GROUP OF INSURANCE COS. introduced a new service to help businesses manage a data breach, which can refer business managers to a specialist law firm in the event of a data breach. The law firm can conduct a free 30-minute consultation to assess the situation and identify next steps to help minimize potential liabilities. The service also provides businesses with an incident roadmap and a checklist of response activities.
SIHLE INSURANCE GROUP, an Altamonte Springs, Fla.-based insurance broker, entered into a contract to provide services through Nationwide. Sihle provides commercial and personal lines.
July 12, 2011
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