Liability insurance

Chubb Launches New Employment Practices Liability Insurance Policy

Retrieved on: 
Wednesday, December 15, 2021

The Chubb PrimarySM Employment Practices Liability Insurance (EPLI) policy provides coverage for employment practices liability (EPL) claims brought by past, present, and prospective employees and independent contractors.

Key Points: 
  • The Chubb PrimarySM Employment Practices Liability Insurance (EPLI) policy provides coverage for employment practices liability (EPL) claims brought by past, present, and prospective employees and independent contractors.
  • "Employers are facing an increasingly dynamic employment liability environment, and any company can be targeted with an employment lawsuit," said Kristen Poplar, Senior Vice President, EPL Product Manager, Chubb North America Financial Lines.
  • For complete coverage highlights and to learn more about the key features of The Chubb Primary Employment Practices Liability Insurance, click here .
  • To learn more about Employment Practices Liability Insurance, visit chubb.com/us/epl .

AlphaRoot Launches Management Liability Insurance Program Calibrated to the Cannabis Industry

Retrieved on: 
Tuesday, December 7, 2021

NEW YORK, Dec. 7, 2021 /PRNewswire/ -- BRP Group, Inc. ("BRP Group") (NASDAQ: BRP) , an independent insurance distribution firm delivering tailored insurance solutions, is pleased to announce the launch of the AlphaRoot management liability insurance program calibrated to the cannabis, hemp and CBD industries within its specialty indirect subsidiary, Millennial Specialty Insurance, LLC dba AlphaRoot* (" AlphaRoot ").

Key Points: 
  • NEW YORK, Dec. 7, 2021 /PRNewswire/ -- BRP Group, Inc. ("BRP Group") (NASDAQ: BRP) , an independent insurance distribution firm delivering tailored insurance solutions, is pleased to announce the launch of the AlphaRoot management liability insurance program calibrated to the cannabis, hemp and CBD industries within its specialty indirect subsidiary, Millennial Specialty Insurance, LLC dba AlphaRoot* (" AlphaRoot ").
  • Fiduciary Liability Insurance: This protects from legal liability should a benefit plan administrator miscalculate, mishandle, or practice improper plan care.
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    AlphaRoot's strategic partnership with their in-house Managing General Agent (MGA) provides the capacity to write management liability insurance for private cannabis operators.
  • "We feel our Management Liability Program pushes the industry toward a solution that offers flexible coverage with the operator's budget in mind."

Germany Pet Insurance Market Analysis & Forecasts 2021-2028 by Coverage Type (Liability Insurance, Health Insurance), Animal Type (Dogs, Cats, Horses), & Sales Channel (Agency, Broker) - ResearchAndMarkets.com

Retrieved on: 
Monday, October 4, 2021

The "Germany Pet Insurance Market Size, Share & Trends Analysis Report By Coverage Type (Liability Insurance, Health Insurance), By Animal Type (Dogs, Cats, Horses), By Sales Channel (Agency, Broker), And Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Germany Pet Insurance Market Size, Share & Trends Analysis Report By Coverage Type (Liability Insurance, Health Insurance), By Animal Type (Dogs, Cats, Horses), By Sales Channel (Agency, Broker), And Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
  • The Germany pet insurance market size is anticipated to reach USD 1.9 billion by 2028, according to a new report by the publisher.
  • The growth is attributable to the increasing prevalence of acute and chronic pet health diseases, the humanization of pets, and supportive government regulations.
  • The COVID-19 outbreak catalyzed the market with a surge in pet adoption and pet health concerns.

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

Retrieved on: 
Thursday, September 23, 2021

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 Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

EQS-News: Global property & casualty insurance premiums expected to more than double to USD 4.3 trillion by 2040, Swiss Re Institute forecasts

Retrieved on: 
Monday, September 6, 2021

Property insurance is forecast to become the fastest growing line of business.

Key Points: 
  • Property insurance is forecast to become the fastest growing line of business.
  • Motor, although its share is shrinking, is expected to remain the largest of all P&C lines, with premiums forecast to almost double by 2040.
  • Property insurance is forecast to grow by 5.3% annually with global insurance premiums rising to USD 1.3 trillion in 2040 from USD 450 billion in 2020.
  • Economic development will remain the key driver of rising property premiums, contributing 75%, or up to USD 616 billion of new premiums.

Leading PEO, INFINITI HR, Concludes its Second Annual School Supply Drive, Providing Nearly 50 Backpacks and $2,000 to Local Children in Need

Retrieved on: 
Friday, September 3, 2021

The INFINITI HR hosted School Supply Drive ran from August 2 to August 13, 2021.

Key Points: 
  • The INFINITI HR hosted School Supply Drive ran from August 2 to August 13, 2021.
  • In addition, many community members sent money, which members of INFINITI HR then used to shop for supplies.
  • During the drive, INFINITI HR raised more than $2,000 in cash and filled nearly 50 backpacks with school supplies.
  • Our hope is that our School Supply Drive may provide a foundation for children to begin the school year with a fresh start."

eAssist Launches Buying Power Program to Skyrocket Dental Practice Profitability

Retrieved on: 
Monday, August 16, 2021

SALT LAKE CITY, Aug. 16, 2021 /PRNewswire/ --eAssist Dental Solutions, the nation's leading platform for remote dental billingandpatient billing services, announced the launch of its new eAssist Buying Power dental membership and discount program.

Key Points: 
  • SALT LAKE CITY, Aug. 16, 2021 /PRNewswire/ --eAssist Dental Solutions, the nation's leading platform for remote dental billingandpatient billing services, announced the launch of its new eAssist Buying Power dental membership and discount program.
  • eAssist Buying Power can best be described as a powerful combination of large-group discounts and a digital mastermind society of world-class dental practice owners.
  • eAssist Buying Power is a dental membership and discount program that provides members with access to the industry's best products and services at negotiated rates based on large-group buying power.
  • To learn more, visit DentalBuyingPower.com , email [email protected] , or call a Buying Power practice profitability specialistat (801)609-9805.
    eAssist Dental Solutions is our dental billing partner and parent company.eAssist is the nation's leading platform for remote dental billing and patient billing services for dental offices.

Fitch Ratings Affirms 'A' Ratings, 'Stable' Outlook for The Doctors Company Group

Retrieved on: 
Tuesday, August 3, 2021

NAPA, Calif., Aug. 3, 2021 /PRNewswire/ -- Fitch Ratings has affirmed its "A" (Strong) Insurer Financial Strength ratings for The Doctors Company and certain members of The Doctors Company Group.

Key Points: 
  • NAPA, Calif., Aug. 3, 2021 /PRNewswire/ -- Fitch Ratings has affirmed its "A" (Strong) Insurer Financial Strength ratings for The Doctors Company and certain members of The Doctors Company Group.
  • Fitch noted that the ratings are based on a very strong statutory capital position and sufficient loss reserve levels.
  • Fitch further stated that The Doctors Company has a strong business profile as the nation's number-two writer in medical professional liability insurance.
  • The "A" with "Stable Outlook" ratings include:
    The Doctors Company Risk Retention Group, a Reciprocal Exchange
    Founded and led by physicians, The Doctors Company ( thedoctors.com ), the nation's largest physician-owned medical malpractice insurer, is relentlessly committed to advancing, protecting, and rewarding the practice of good medicine.

NFP Welcomes Morgan Frick to Management and Professional Liability Practice

Retrieved on: 
Thursday, July 29, 2021

Frick joins NFP following an 11-year tenure with Marsh, where she served as a senior vice president and financial and professional liability client advisor.

Key Points: 
  • Frick joins NFP following an 11-year tenure with Marsh, where she served as a senior vice president and financial and professional liability client advisor.
  • Her expertise includes employment practices liability, directors and officers, errors and omissions, fiduciary, cyber and crime insurance.
  • Frick will report to Kevin Smith, senior vice president of NFP's management and professional liability practice.
  • "She is a talented professional who brings new perspective and energy to our growing practice.

Best’s Market Segment Report: AM Best Maintains Stable Outlook on Japan’s Non-Life Insurance Market

Retrieved on: 
Thursday, July 22, 2021

AM Best is holding its stable market segment outlook on Japans non-life insurance industry, predominantly driven by carriers profitable underwriting performance amid the COVID-19 pandemic.

Key Points: 
  • AM Best is holding its stable market segment outlook on Japans non-life insurance industry, predominantly driven by carriers profitable underwriting performance amid the COVID-19 pandemic.
  • According to the new Bests Market Segment Report, titled, Market Segment Outlook: Japan Non-Life Insurance, premium rate adjustments, which are likely to improve the profitability of the fire insurance line; and solid risk-adjusted capitalisation to weather potential financial market volatility also are key supporting factors behind the stable outlook.
  • Furthermore, with increases in the premium rates for voluntary automobile insurance and fire insurance, most major domestic non-life insurers reported a material improvement in their combined ratios for private insurance.
  • Voluntary automobile insurance accounts for over half of Japans non-life insurance net premium written, excluding compulsory automobile liability insurance.