Liability insurance

New Insurance Agency for Plaintiff Lawyers: AdvoCap Insurance Agency, Inc.

Retrieved on: 
Wednesday, April 7, 2021

NASHVILLE, Tenn., April 7, 2021 /PRNewswire/ --Advocate Capital, Inc. has created a new insurance agency called AdvoCap Insurance Agency, Inc. , to serve plaintiff attorneys' needs.Both Advocate and AdvoCap are Seventh Amendment advocates whose mission is to support their law firm partners as they pursue justice on their clients' behalf.

Key Points: 
  • NASHVILLE, Tenn., April 7, 2021 /PRNewswire/ --Advocate Capital, Inc. has created a new insurance agency called AdvoCap Insurance Agency, Inc. , to serve plaintiff attorneys' needs.Both Advocate and AdvoCap are Seventh Amendment advocates whose mission is to support their law firm partners as they pursue justice on their clients' behalf.
  • The AdvoCap Insurance team understands and believes in the important work of plaintiff attorneys.
  • The Agency offers various insurance products, including professional liability and fiduciary liability insurance and commercial insurance, such as property and worker's compensation insurance.
  • AdvoCap Insurance Agency, Inc. is a wholly-owned subsidiary of Advocate Capital, Inc. , the premier provider of strategic financial products and accounting services for successful trial law firms since 1999.

Simply Business Launches Liability Insurance Product for Social Workers

Retrieved on: 
Tuesday, April 6, 2021

BOSTON, April 6, 2021 /PRNewswire/ -- Simply Business, Inc ., Boston based digital insurance agency offering small business owners access to top insurance providers, today announced a partnership with the National Association of Social Workers (NASW) Risk Retention Group, Inc. to offer general and professional liability insurance solutions for social workers and allied health professionals.

Key Points: 
  • BOSTON, April 6, 2021 /PRNewswire/ -- Simply Business, Inc ., Boston based digital insurance agency offering small business owners access to top insurance providers, today announced a partnership with the National Association of Social Workers (NASW) Risk Retention Group, Inc. to offer general and professional liability insurance solutions for social workers and allied health professionals.
  • The NASW Risk Retention Group is a captive insurance company established to provide liability insurance for a specific group of policyholders who share a common interest, such as members of a professional association.
  • "Demand for social workers has increased, and so have the different risks they need to manage," said David Summers, Group CEO of Simply Business.
  • Simply Business is changing the way small business owners find business insurance by offering customers tailored insurance coverage online.

Hunton Andrews Kurth Continues Expansion of National Coverage Practice with Insurance Recovery Attorney Lara Degenhart Cassidy

Retrieved on: 
Monday, April 5, 2021

She joins the firm from Perkins Coie LLP and is the most recent addition to Hunton Andrews Kurths insurance coverage practice, which has added eight attorneys over the past year.

Key Points: 
  • She joins the firm from Perkins Coie LLP and is the most recent addition to Hunton Andrews Kurths insurance coverage practice, which has added eight attorneys over the past year.
  • Lara is an outstanding attorney whose experience and reputation as a trial lawyer and counselor add further depth to our nationally recognized policyholder practice, as we continue to build one of the largest national platforms, said Walter Andrews , head of Hunton Andrews Kurths insurance coverage practice.
  • Cassidys experience includes seeking coverage for companies and their individual directors, officers, and managers under Directors & Officers (D&O) or Management Liability insurance policies.
  • Hunton Andrews Kurths insurance coverage practice has decades of experience helping clients maximize insurance recoveries through insurance program reviews, claims presentation and negotiation, litigation, alternate dispute resolution, trials and appeals.

360 Coverage Pros Launches Tax Preparer Professional Liability Insurance Program

Retrieved on: 
Monday, March 29, 2021

LAKEWOOD RANCH, Fla., March 29, 2021 /PRNewswire-PRWeb/ --360 Coverage Pros announced today the launch of a new professional liability insurance program for tax preparers with a fast, easy online application.

Key Points: 
  • LAKEWOOD RANCH, Fla., March 29, 2021 /PRNewswire-PRWeb/ --360 Coverage Pros announced today the launch of a new professional liability insurance program for tax preparers with a fast, easy online application.
  • Tax Preparer Professional Liability Insurance helps protect against allegations of professional negligence and litigation that can result in legal judgments, settlements and out-of-pocket attorney defense costs.
  • This program offers broad coverage options for tax work and services, including permitting insureds to provide payroll, general business planning and other services.
  • "Our intention is to fill a gap within the professional liability market for tax professionals to obtain a comprehensive policy within minutes that doesn't break the bank.

Aon - CarrierHQ's Small Fleet Advantage Adjustable Rate Insurance for Trucking Wins 2021 Celent Model Insurer Award for Data, Analytics, and AI

Retrieved on: 
Thursday, March 18, 2021

INDIANAPOLIS, March 18, 2021 /PRNewswire/ -- Aon - CarrierHQ received Celent's industry-leading 2021 Model Insurer Award for Data, Analytics, and AI award for their Small Fleet Advantage product, the trucking industry's 1st and only online Pay-How-You-Drive trucking insurance that helps carriers of 1-20 trucks control their insurance costs in-term.

Key Points: 
  • INDIANAPOLIS, March 18, 2021 /PRNewswire/ -- Aon - CarrierHQ received Celent's industry-leading 2021 Model Insurer Award for Data, Analytics, and AI award for their Small Fleet Advantage product, the trucking industry's 1st and only online Pay-How-You-Drive trucking insurance that helps carriers of 1-20 trucks control their insurance costs in-term.
  • Celent's annual Model Insurer Awards recognize the best practices of technology usage in different areas critical to success in insurance.
  • Auto liability insurance premiums have doubled in recent years as the second highest fixed expense for a small fleet and the largest up-front expense for a new fleet.
  • "Small fleet insurance rates are typically two to three times that of what a large fleet would be," said Mark Epperson, executive director at Aon.

TranSharpe #InsurTech Adds Rich Bren to Expand Leadership Team

Retrieved on: 
Thursday, March 18, 2021

CHARLOTTE, N.C., March 17, 2021 /PRNewswire-PRWeb/ --TranSharpe Solutions, LLC ("TranSharpe") announced today the addition of Richard "Rich" Bren, CPCU, CIC, TRS as VP Business Development.

Key Points: 
  • CHARLOTTE, N.C., March 17, 2021 /PRNewswire-PRWeb/ --TranSharpe Solutions, LLC ("TranSharpe") announced today the addition of Richard "Rich" Bren, CPCU, CIC, TRS as VP Business Development.
  • In his role, Bren will expand TranSharpe relationships, deepening their strategic partnerships and focusing on the flagship product FleetVIMS (Fleet Vehicle & Insurance Management System).
  • Bren has been exceeding the expectations of his clients for 35 years in the commercial auto insurance industry.
  • "I was seeking an #InsurTech opportunity and was first impressed with the TranSharpe Leadership Team and then FleetVIMS from their initial review of it," Bren said.

Berkshire Hathaway Specialty Insurance Welcomes Keith Freid as Product Line Officer, Private & Nonprofit Management Liability Insurance

Retrieved on: 
Tuesday, March 16, 2021

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has appointed Keith Freid as Product Line Officer for Private & Nonprofit Management Liability Insurance in North America.

Key Points: 
  • Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has appointed Keith Freid as Product Line Officer for Private & Nonprofit Management Liability Insurance in North America.
  • He was most recently Head of Private and Non-Profit Management Liability at AIG.
  • Prior to that he was Senior Vice President and Chief Underwriting Officer, Private and Non-Profit Management Liability, at AIG.
  • Berkshire Hathaway Specialty Insurance ( www.bhspecialty.com ) provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance.

InsuraGuest Launches Limited-Service Hospitality Liability Product

Retrieved on: 
Tuesday, March 16, 2021

VANCOUVER, British Columbia, March 16, 2021 (GLOBE NEWSWIRE) -- via InvestorWire InsuraGuest Technologies, Inc. (TSX-V: ISGI) (OTCQB: ISGIF) (InsuraGuest or the Company), through its wholly owned U.S. subsidiary InsuraGuest RPG (ISG), is proud to announce it has launched a new product called Limited-Service Hospitality Liability coverages, which will be offered to franchise limited-service hotels that have less than 100 rooms and an average daily rate (ADR) that is less than US$100 per night.

Key Points: 
  • VANCOUVER, British Columbia, March 16, 2021 (GLOBE NEWSWIRE) -- via InvestorWire InsuraGuest Technologies, Inc. (TSX-V: ISGI) (OTCQB: ISGIF) (InsuraGuest or the Company), through its wholly owned U.S. subsidiary InsuraGuest RPG (ISG), is proud to announce it has launched a new product called Limited-Service Hospitality Liability coverages, which will be offered to franchise limited-service hotels that have less than 100 rooms and an average daily rate (ADR) that is less than US$100 per night.
  • By transferring certain liabilities to InsuraGuest Hospitality Liability coverages, the covered hotel or vacation rental property can lower its claim ratio and risk profile, which may decrease the propertys general liability premiums.
  • Created specifically for InsuraGuest, the Hospitality Liability policy is issued by InsuraGuest Risk Purchasing Group, LLC, and is administered by InsuraGuest Insurance Agency, LLC.
  • There is no assurance that this new business product offering or other planned products will be successful.

Beazley launches D&O product suite for US-domiciled SPACs

Retrieved on: 
Tuesday, March 9, 2021

The specialized needs of SPACs have historically been met through endorsements to existing D&O coverages.

Key Points: 
  • The specialized needs of SPACs have historically been met through endorsements to existing D&O coverages.
  • Jeremie Saada, Head of US Executive Risk, added: Beazley is stepping in to address a dramatic need for capacity in the D&O insurance market for SPACs.
  • This specialized product suite for SPACs adds to Beazleys balanced portfolio of offerings and positions us to be a valuable business partner to this growing market segment.
  • In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states.

United Kingdom Employers Liability Insurance: The Market Going Forward - ResearchAndMarkets.com

Retrieved on: 
Friday, March 5, 2021

The "United Kingdom (UK) Employers Liability Insurance - Market Dynamics and Opportunities 2020" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "United Kingdom (UK) Employers Liability Insurance - Market Dynamics and Opportunities 2020" report has been added to ResearchAndMarkets.com's offering.
  • GWP in the employers' liability market fell to 1,108m in 2019, although insurers managed to retain strong profits as claims costs remained low.
  • This report tracks the health and shape of the employers' liability market - taking into account market size, profitability, performance ratios, and the claims environment.
  • AXA is the largest employers' liability insurer for SMEs in the UK, accounting for 8.2% of the market.