P&C Updates August 24, 2020
Golden Bear / Parametric
Golden Bear Insurance Company introduced their new Prompt Pay Parametric Earthquake Insurance Program effective August 14, 2020 in California. This policy provides immediate funds in the aftermath of an earthquake event that meets to two trigger criteria.
(Fees may apply)
IAT / Management Liability
Harco National Insurance Company introduced their new Management Liability Program effective January 1, 2021. This product was developed based on similar coverage offered by CNA for its Epack 3 product.
(Fees may apply)
CNA / Lawyers
Continental Casualty Company decreased rates 1.10% overall to their Lawyers Professional Liability Program effective April 1, 2020.
(Fees may apply)
Assurant / Leased Equipment
American Bankers Insurance Company of Florida introduced their new Leased and Financed Equipment Inland Marine Program effective September 1, 2020. This product provides single interest physical damage coverage to leased and financed equipment.
(Fees may apply)