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Today's Headlines September 20, 2019

Brokers Can Be Catalysts for Specialty Products Innovation

In an era of insurance transformation, where process simplification and flawless customer service is expected, innovation in policy and product is a must—especially when it comes to the non-traditional coverage aspects of specialty insurance. Whether it's reputational, cyber, gig economy or supply chain risks, insurers are meeting the growing demand for products addressing new perils.... read more
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Are Building Products Making Us Fat?

Are the products used to build our buildings also making us fat? Are our diet sodas giving us cancer? As though it isn't hard enough to watch our diets, as insurers we have to worry about what it all means for liability emerging risk too. We can help with the emerging risk, but we have... read more
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Fire and Hail Forcing Insurers to Rethink Climate Change Risks

By the time David Kaisel got back from selling his flour at a farmers' market, a wildfire in California's Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer is set to pay out a sixth of his losses. He is now considering widening his coverage in the future to include fire insurance for his business. Kaisel is the kind of customer making insurers rethink their approach to climate change so they can sell policies without incurring too much risk. read more
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Lloyd's Plans Miami Office to Back Growth in Latin America, Caribbean Markets

Lloyd's plans to set up an office in Miami to support business development in the Latin American and Caribbean markets. read more
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This Time, Bermuda Avoids Major Damage From a Hurricane

Cleanup crews in Bermuda were busy at work on Thursday after Hurricane Humberto grazed the island, which escaped major harm despite winds that reached around 100 miles per hour (161 kph) snapping power poles and lifting off roofs. read more
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Progressive Appoints Bauer as Its New Chief Investment Officer

The Progressive Corporation promoted a veteran executive to serve as its new chief investment officer. Jonathan Bauer takes on his new role with the insurer on Jan. 3, 2020. read more
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The Latest Launches From Beazley and Coalition

Beazley released a broad policy designed to cover infringements of Title IX, the federal law that prohibits discrimination in any public education program based on sex. Coalition, an MGA focused on cyber insurance for small and midsize businesses, has expanded the reach of its cyber and technology errors and omissions coverage. read more
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Tesla Model 3 Scores Top Safety Rating

Tesla Inc's Model 3 electric sedan has earned the top safety rating from the Insurance Institute of Highway Safety (IIHS), becoming the first Tesla to do so. read more
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Insurance Journal Weekly Top Picks: September 17, 2019

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