Product updates for the Property & Casualty Insurance Market
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P&C Updates - May 10, 2021
Beazley / Breach Response
Beazley Insurance Company increased rates to their Beazley Breach Response Cyber Liability Product effective May, 2021. Changes were made to Base Premiums, Hazard Groups, Loss Rating Factors, etc.
Aspen American Insurance Company introduced their new Socius Miscellaneous Professional Liability Program effective May 2021. This product includes professional and general liability coverage parts. Rates were developed based on a similar product offered by Hiscox.
Arch Insurance Company introduced their new Social Services Commercial Package Program effective May 2021 in New York. Rates were developed based on their former Addiction Treatment Center Product.
Chubb introduced their new Chubb Primary Workplace Violence Program effective June 2021. This product provides coverage for expenses related to workplace violence, stalking, threat of violence and reimbursement for loss of life benefits paid to the victims of a violent event.