Product updates for the Property & Casualty Insurance Market
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P&C Updates - March 10, 2021
Incline / 5 Star Public Auto
Incline Casualty Company introduced their new 5 Star Public Auto Program effective February 24, 2021. This product provides liability and physical damage coverage to public autos except taxicabs, social service agencies and garage exposures.
American Family Home Insurance Company introduced their new Accelerator Private Protection Suite Management Liability Program effective March 2021. This product includes coverage for D&O, Miscellaneous Professional, EPLI, Fiduciary, Crime, and Cyber. Rates were developed based on similar coverage offered by AXIS and Chubb.
Philadelphia Indemnity Insurance Company introduced their new Commercial Fine Art Program effective February 2021. This product is designed for dealers, corporate collections, exhibitors, museums, commercial artists, historic property, etc.
Travelers increased rates 5.30% overall to their Lawyers Professional Liability Program effective May 1, 2021. Changes were made to Base Rates, Firm Size Credits, Area of Practice Factors, Limit Factors, etc.