Around the P&C insurance coverage market: September 23, 2020 – PropertyCasualty360

23September 2020

News from CFC, Beazley, Zurich North America and more.(

Image: Shutterstock)CFC announced upgrade to its cyber occurrence reaction mobile app, which now provides proactive and targeted cybersecurity informs for CFC cyber insurance coverage policyholders and instant access to cyber security threat mitigation specialists. Leveraging the company’s proprietary information enrichment platformand threat intelligence feeds together with insights from active cyber insurance coverage claims, CFC’s incident reaction app notifies policyholders of vital, time-sensitive hazards and vulnerabilities in real-time, helping consumers safeguard themselves from occurrences prior to they take place and prevent prospective losses.

USI Affinity and American Bar Association announced collaboration with Crum & & Forster to offer a cyber liability insurance program for law office across the country. As the broker for the ABA Insurance Program, which provides insurance and monetary options for ABA members and their firms, USI Affinity now provides access to this brand-new cyber liability program created specifically for the law practice neighborhood. USI Affinity and Crum & & Forster have actually produced a premier, market-leading group, with first-rate know-how and resources to help secure and insure little and big law practice. USI Affinity will offer cyber liability insurance coverage solutions to law practice in all 50 U.S. states.

Fantastic American Insurance Coverage Group‘s Option Markets Department revealed its nationwide program, used in combination with VGM Insurance Coverage Providers. The program concentrates on coverages for golf and nation clubs across the United States.

Berkshire Hathaway GUARD Insurance Companies added Expert Liability for Legal Representatives in Alabama and New Mexico, for Accounting professionals in Arizona and Illinois, and for Designers and Engineers in Missouri. In all, the business has introduced items from their suite of Professional Liability protections in 8 states this year with plans for a dozen more by year end.

Beazley reported that middle-market companies have been particularly hard struck by online social engineering attacks throughout the pandemic. Of all the social engineering attacks reported to Beazley Breach Action (BBR) Services worldwide in Q2, 60% of companies targeted remained in the middle market up from 46% in Q1.

Zurich The United States And Canada introduced an Occupational Mishap & & Employers Work Injury Liability Insurance Coverage for “non-subscribers” to the workers’ settlement system in Texas. Zurich teamed up with CPro Associates, whose principals established the very first occupational injury protection for Texas employers who opt out of the workers’ compensation system, described as “non-subscribers.”

Zurich Insurance Groupintroduced its Climate Change Resilience Solutions to help businesses much better get ready for present and future threats connected with environment change. The Climate Change Resilience Services permits consumers to tap Zurich’s market-leading danger engineering know-how in the interaction of natural hazards and climate modification, and strengthen their durability through physical and operational measures as well as insurance items.

Associated Agencies, Inc. acquired Bensman Threat Management, Inc. and Bensman Associates, Ltd. a Bannockburn, Ill.-based insurance coverage, risk management and tactical preparation company led by CEO Bob Bensman.

Agentero partnered with Independent Insurance Agents & & Brokers of America’s Agents Council for Technology.

Pie Insurance,an InsurTech that uses workers’ payment insurance to small companies, unveiled automated bind demands within its partner website. The included functionality likewise enables Pie’s partner agents to view more relevant info on the status of their small company client submissions throughout the issuance process.

I-CAR® revealed the production of an online ADAS resource libraryto supply the market with a central details center in support of the rapid growth of Advanced Driver Assisted Systems and its accelerated effect on the accident repair work procedure. The new ADAS resource library features:

  • Webinars
  • Podcasts
  • Industry News
  • I-CAR courses concentrated on ADAS
  • Extra resources such as I-CAR’s Collision Press reporter publication and Repairability Technical Assistance ™ Website

National Association of Mutual Insurance Companies Board of Directors presented Charles M. Chamness with the Chairman’s Award for his dedication and management to NAMIC during the last 25 years. The award was presented at the company’s 125th Annual Convention, which was held virtually this year. Chamness began his period with the association in 1995 as vice president of public affairs before being named president/CEO in 2003, when he started placing NAMIC as the largest U.S. property/casualty insurance industry trade association, concentrating on management in advocacy, public policy, public affairs, and member services.

Related: Around the P&C insurance industry: September 16, 2020


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