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P&C Updates - August 22, 2022
Spinnaker / Cyber
Spinnaker Insurance Company introduced their new Commercial Cyber Insurance Program effective August 2022. This product is designed for small and medium businesses and will offer limits up to $5.0M. Rates were developed based on a similar program offered by State National.
(Fees may apply)
Arch / Sports & Entertainment
Arch Insurance Company increased rates 0.70% overall to their American Specialty Sports and Entertainment RPG Program effective August 1, 2022 in Indiana. This product provides GL and Excess coverage to Pro-Sports, Amateur Sports, Motorsports, and Family Entertainment Facilities.
(Fees may apply)
Cincinnati / Cyber Risk
Cincinnati Insurance Companies increased rates 32.83% to their Cyber Risk Insurance Program effective November 1, 2022. Changes were made to Base Rates, Increased Limit Factors, and Class of Business Factors.
(Fees may apply)
State National / Tesla PPA
State National Insurance Company increased rates 9.00% overall to their Tesla Private Passenger Auto Program effective June 14, 2022 in Illinois. Changes were made to Base Rates, Annual Mileage Bands, and Trend Factors.
(Fees may apply)