Liability insurance

AM Best Upgrades Credit Ratings of Independence Life and Annuity; Affirms Credit Ratings of Sun Life Financial and Most of Its Subsidiaries

Retrieved on: 
Thursday, February 22, 2024
Finance, Consulting, Banking, Professional Services, Insurance, Superior, ERM, Long-Term Capital Management, ALL, Sun Life Financial, FSR, News, AM Best, Growth, SLF, CAD, Liability insurance, Good, Credit, Security (finance)

The outlook of these Credit Ratings (ratings) has been revised to stable from positive.

Key Points: 
  • The outlook of these Credit Ratings (ratings) has been revised to stable from positive.
  • These companies are the core insurance subsidiaries of Sun Life Financial Inc. (SLF) (Ontario, Canada) [NYSE: SLF] (collectively referred to as Sun Life Group).
  • Concurrently, AM Best has affirmed the Long-Term ICR of “a” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of SLF.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

biBERK Business Insurance Provides Valuable Insights in Guide to General Liability Insurance for Businesses

Retrieved on: 
Monday, December 11, 2023
Umbrella, General insurance, Injury, Certificate, Policy, Small business, Risk, Berkshire Hathaway, BOP, Hand, COI, Liability insurance, Record, Accident, Lawyer, Fraud, Small, Death, Face, Advertising, Only, Communication, Insurance

Also called commercial general liability insurance coverage, this type of policy is essential for every business, large or small.

Key Points: 
  • Also called commercial general liability insurance coverage, this type of policy is essential for every business, large or small.
  • You can customize your general liability insurance coverage to address specific business risks by adding what are called endorsements.
  • One of our licensed insurance experts can help you determine whether you should add any endorsements to your general liability insurance policy and discuss with you the overall general liability insurance cost you will have to pay.
  • Best General Liability Insurance for Small Businesses: Affordable, Essential Protection
    As a business owner, you have countless decisions to make and tasks to handle.

Duck Creek Technologies Appoints Barbara Bufkin and Diane Fanelli to Board of Directors

Retrieved on: 
Monday, December 11, 2023
SAP, P&C, GIS, IDEA, Ecosystem, Citrix Systems, Insurance, Argo Group, Veteran, CRN, Woman, Trustee, APIW, Swiss Re, Vista Equity Partners, Equity, Inclusion, ICIMS, Liability insurance, Fanelli, Assurant, Growth, Risk management, Channel, STEM, Management

BOSTON, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has announced the appointments of Barbara Bufkin and Diane Fanelli to the company’s board of directors.

Key Points: 
  • BOSTON, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has announced the appointments of Barbara Bufkin and Diane Fanelli to the company’s board of directors.
  • Bufkin joins Duck Creek’s board with an extensive background in global (re)insurance, distribution, underwriting, and technology, advising companies in originating and fostering strategic partnerships.
  • Fanelli is a global customer-centric operations leader known for her expertise in guiding global enterprise software teams and company growth.
  • “Barbara and Diane are each accomplished and recognized experts in their respective fields, and they will add incredible value to guide Duck Creek’s long-term mission and business strategy,” says Mike Jackowski, CEO of Duck Creek Technologies.

Title Insurance Market to Reach $ 161.6 billion, Globally, by 2032 at 11.3% CAGR: Allied Market Research

Retrieved on: 
Thursday, November 16, 2023
Livestock, Aviation, Telecom, Distribution, Property, Marine insurance, Small and medium-sized enterprises, Greater China Transport Logistics, Wholesaling, MAT, Commercial, Credit insurance, Commissioning management systems, Life, Energy, Old age, Defense, Liability insurance, Transport, Sustainable Energy Utility, Insurance, End user, Telecom Plus, Agriculture, Business, Agent, Business travel, Property management, Risk management, Mining, Broker, Health care

PORTLAND, Ore., Nov. 16, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Title Insurance Market by Type (Owner's title insurance, and Lender's title insurance), Distribution Channel (Direct Channel, Agents & Brokers, and Others), and End User (Enterprise, and Personal): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the title insurance market was valued at $ 56.8 billion in 2022 in 2022 and is estimated to reach $ 161.6 billion by 2032, exhibiting a CAGR of 11.3% from 2023 to 2032.

Key Points: 
  • China Life Property and Casualty Insurance Company Limited,
    Commonwealth Land Title Insurance Company,
    Westcor Land Title Insurance Company, Inc.,
    The report provides a detailed analysis of the key players in the global title insurance market.
  • Marine Insurance Market By Type (Cargo Insurance, Hull & Machinery Insurance, Marine Liability Insurance, and Offshore/Energy Insurance), Distribution Channel (Wholesalers, Retail Brokers, and Others), and End User (Ship Owners, Traders, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2028.
  • Travel Insurance Market by Insurance Cover (Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, Long-Stay Travel Insurance), by Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, Insurance Aggregators), by End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, Others), by Age Group (1-17 Years Old, 18-30 Years Old, 31-49 Years Old, Above 50): Global Opportunity Analysis and Industry Forecast, 2021-2031.
  • Specialty Insurance Market by Type (Marine, Aviation and Transport (MAT) Insurance, Political Risk and Credit Insurance, Entertainment Insurance, Art Insurance, Livestock and Aquaculture Insurance, Others), by Distribution Channel (Brokers, Non-brokers), by End User (Business, Individuals): Global Opportunity Analysis and Industry Forecast, 2021-2031.

Title Insurance Market to Reach $ 161.6 billion, Globally, by 2032 at 11.3% CAGR: Allied Market Research

Retrieved on: 
Thursday, November 16, 2023
Livestock, Aviation, Telecom, Distribution, Property, Marine insurance, Small and medium-sized enterprises, Greater China Transport Logistics, Wholesaling, MAT, Commercial, Credit insurance, Commissioning management systems, Life, Energy, Old age, Defense, Liability insurance, Transport, Sustainable Energy Utility, Insurance, End user, Telecom Plus, Agriculture, Business, Agent, Business travel, Property management, Risk management, Mining, Broker, Health care

PORTLAND, Ore., Nov. 16, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Title Insurance Market by Type (Owner's title insurance, and Lender's title insurance), Distribution Channel (Direct Channel, Agents & Brokers, and Others), and End User (Enterprise, and Personal): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the title insurance market was valued at $ 56.8 billion in 2022 in 2022 and is estimated to reach $ 161.6 billion by 2032, exhibiting a CAGR of 11.3% from 2023 to 2032.

Key Points: 
  • China Life Property and Casualty Insurance Company Limited,
    Commonwealth Land Title Insurance Company,
    Westcor Land Title Insurance Company, Inc.,
    The report provides a detailed analysis of the key players in the global title insurance market.
  • Marine Insurance Market By Type (Cargo Insurance, Hull & Machinery Insurance, Marine Liability Insurance, and Offshore/Energy Insurance), Distribution Channel (Wholesalers, Retail Brokers, and Others), and End User (Ship Owners, Traders, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2028.
  • Travel Insurance Market by Insurance Cover (Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, Long-Stay Travel Insurance), by Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, Insurance Aggregators), by End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, Others), by Age Group (1-17 Years Old, 18-30 Years Old, 31-49 Years Old, Above 50): Global Opportunity Analysis and Industry Forecast, 2021-2031.
  • Specialty Insurance Market by Type (Marine, Aviation and Transport (MAT) Insurance, Political Risk and Credit Insurance, Entertainment Insurance, Art Insurance, Livestock and Aquaculture Insurance, Others), by Distribution Channel (Brokers, Non-brokers), by End User (Business, Individuals): Global Opportunity Analysis and Industry Forecast, 2021-2031.

HUB INTERNATIONAL LAUNCHES VIOLENT ACTS LIABILITY INSURANCE

Retrieved on: 
Wednesday, November 8, 2023
HUB, Safety, Tragedy, Violence, Liability insurance, Risk management, Injury, Insurance, Lloyd's of London

CHICAGO, Nov. 8, 2023 /PRNewswire/ -- Hub International Limited (HUB), a leading full-service global insurance brokerage and financial services firm, announced today the launch of Violent Acts Liability Insurance, a proprietary product designed to bridge gaps in general liability and umbrella policies, to better ensure an organization's resilience, safety and security by addressing the unique liability risks that arise from malicious acts of violence on business operations.

Key Points: 
  • Acts of Malicious Violence Coverage to Help Businesses Across the U.S. and Canada Move Forward After a Tragedy
    CHICAGO, Nov. 8, 2023 /PRNewswire/ -- Hub International Limited (HUB), a leading full-service global insurance brokerage and financial services firm, announced today the launch of Violent Acts Liability Insurance , a proprietary product designed to bridge gaps in general liability and umbrella policies, to better ensure an organization's resilience, safety and security by addressing the unique liability risks that arise from malicious acts of violence on business operations.
  • "HUB's Violent Acts Liability Insurance offers not only broad coverage, crisis response and risk management but also solutions that meet company-specific and country-specific nuances and requirements."
  • Underwritten by Lloyd's of London, HUB's Violent Acts Liability Insurance offers limits of up to $25M with the ability to secure more if needed.
  • While traditional excess casualty insurance protects against bodily injury and property damage allegations, Violent Acts Liability Insurance offers much broader coverage for the third-party liability caused by violent acts impacting the organization.

AM Best Affirms Credit Ratings of European Liability Insurance for the Nuclear Industry

Retrieved on: 
Thursday, October 5, 2023
Finance, Banking, Energy, Professional Services, Insurance, AM Best, Power, Credit, Risk management, AM, Liability insurance, Growth, News, ALL

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of European Liability Insurance for the Nuclear Industry (ELINI) (Belgium).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of European Liability Insurance for the Nuclear Industry (ELINI) (Belgium).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

New Gallagher Study Reveals Business Owners are Looking for Tailored, Increased Insurance Protection

Retrieved on: 
Tuesday, August 8, 2023
Insurance, Gen, Risk management, Millennials, Employment, Person, Generation Z, Organization, Nature, Climate change, Employment practices liability, Risk, Natural disaster, Business owner's policy, Clutch (eggs), Policy, Family, Liability insurance, BOP, Life insurance

Business-related insurance policies in top demand include:

Key Points: 
  • Business-related insurance policies in top demand include:
    Business Owners' Policy (BOP): 48% would consider expanding or getting new BOP coverage.
  • The survey uncovered that business owners – of all generations and company size – have a strong need for tailored business insurance coverage to alleviate concerns.
  • The study reveals a fundamental truth: regular review and proactive risk management must serve as the compass guiding business owners through uncharted waters.
  • By diligently assessing insurance coverage and implementing effective strategies, business owners can better chart a course to enhanced confidence and fortified protection.

New Data Reveals Shifting Insurance Priorities, Pressures as Startups Extend Financial Runway During Fiscally Tumultuous 2022

Retrieved on: 
Tuesday, May 2, 2023
Insurance, Professional Services, D&O, Policy, Employment, Tech, Philadelphia Managing Director's Office, Error, Depression, Cyber, Report, Employment practices liability, Investment, Risk, Growth, Environment, Liability insurance, Cryptocurrency, D

While E&O/Cyber premiums grew as well, overall investments in these policies stabilized compared to the frenzied uptick in cyber policy protections in 2021.

Key Points: 
  • While E&O/Cyber premiums grew as well, overall investments in these policies stabilized compared to the frenzied uptick in cyber policy protections in 2021.
  • “Last year challenged startups in unique ways, forcing them to recalibrate their risk tolerance to extend their runway,” said Ben Jennings, Chief Revenue Officer (CRO) of Embroker.
  • “In 2022, strong economic headwinds led founders to be more selective and conservative in their insurance protections.
  • EPLI had the highest year-over-year premium change from 2021 to 2022, with a 31% increase in average premiums.

Distinguished Programs and SiriusPoint Partner on Environmental Insurance Program

Retrieved on: 
Thursday, January 19, 2023
Partnership, Paper, Liability insurance, Restaurant, Insurance, Fine art, Collectable, Distinguishing, Biophysical environment

NEW YORK, Jan. 19, 2023 /PRNewswire/ -- Distinguished Programs ("Distinguished"), a national insurance program manager, today announces a new partnership with SiriusPoint Ltd. ("SiriusPoint"), to expand into Environmental, Construction Pollution and Professional Insurance ("Environmental").

Key Points: 
  • NEW YORK, Jan. 19, 2023 /PRNewswire/ -- Distinguished Programs ("Distinguished"), a national insurance program manager, today announces a new partnership with SiriusPoint Ltd. ("SiriusPoint"), to expand into Environmental, Construction Pollution and Professional Insurance ("Environmental").
  • As part of the agreement, SiriusPoint's Environmental team led by Doug Stepenosky will move to Distinguished.
  • Doug and his team bring unparalleled expertise in the Environmental insurance space and are a welcome addition to the Distinguished team."
  • In addition to program leader, Doug Stepenosky, the Environmental team consists of 24 professionals with a wealth of combined environmental and insurance-related experience.