Inc. News

Business News: The Hartford, Location, Inc., Olympus Insurance Company

The Hartford, National Indemnity Company Hammer Out Reinsurance Agreement Covering Asbestos and Environmental Liability Reserves The Hartford has entered into a definitive agreement effective Dec. 31, 2016 with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway Inc., for a $1.5 …

Business News: Chubb, Lemonade, NORCAL, Solera Holdings

An expanded suite of cyber loss mitigation services is now available to help Chubb’s U.S. and Canadian policyholders reduce the impact and likelihood of a cyber incident. Chubb’s expanded suite of cyber services for loss mitigation includes: Password Defense—Available to …

No CGL Coverage for Building Contractor’s Shoddy Workmanship Causing Damage to the Work Itself

In a decision filed November 18, 2016, Arkansas U. S. district judge Susan Webber Wright, the same jurist who in 1998 handed a defeat to Paula Jones in her sexual harassment lawsuit against then President Bill Clinton, dealt this time …

Business News: Chubb, AIG, Vericlaim

Chubb has expanded its business owner’s policy, Chubb BOP, to the technology industry by crafting specialized insurance features and benefits to meet the unique risks faced by small businesses in the technology segment. The policy includes more than 80 property …

Business Moves: Hudson Insurance, iovation, Verisk, Understory

Hudson Insurance Group Launches New Commercial Excess and Umbrella Unit New York City-based Hudson Insurance Group announced the launch of its new Commercial Excess and Umbrella business. The new unit will provide coverage on a non-admitted basis in all 50 …

Business Moves

Verisk Analytics, Inc., Acquires Risk Intelligence Ireland Verisk Analytics, Inc. announced the acquisition of Risk Intelligence Ireland, a provider of fraud detection, compliance, risk control and process automation services to the Irish insurance industry. Following completion of the transaction, Risk …

People Moves

CNA Appoints Townsend Senior Vice President, Claim CNA appointed Joel Townsend senior vice president, Claim. He will report to David Perry, senior vice president, Specialty Claim. Most recently, Townsend served as senior vice president and Worldwide Specialty Claims manager at …

People on the Move

Assurant Names Mergelmeyer COO As part of its ongoing strategic realignment, Assurant, Inc. announced that Gene Mergelmeyer will be appointed to the role of chief operating officer, effective July 1, 2016. In his new role, he will be responsible for …

Business News

RLI Executive Products Group Creates New Cyber Liability Unit RLI Insurance Company and its Executive Products Group announced the creation of a new business unit to offer Cyber Liability Insurance. The Cyber Liability Insurance unit will offer protection for exposures …

Making Subrogation While the Hay Shines

Every year in North America insurers pay out tens of millions of claim dollars resulting from fires and feed damage caused by the spontaneous combustion and heating of hay mow – a pile of hay stored in or near a …