Hiscox Enhances Professional Liability Product Portfolio

tailor made’ policy forms for certain client segments within its allied healthcare (AHC), architects & engineers (A&E) and miscellaneous professional liability (MPL) products.  It also includes common and simplified policy language across the three products and the ability to cross sell new coverages, including general liability, to clients.

Hiscox Professional Liability Portfolio offers consultants, trustees and many other service professionals specialized insurance coverage for specific risks stemming from the services they provide.  Brokers will now be able to offer

View the Original article

Chartis Private Client Group Expands, Enhances Wildfire Protection Unit

September 21, 2012Email ThisPrintNewslettersTweetArticleComments

Chartis has enhanced its Private Client Group’s Wildfire Protection Unit with geographic expansion and improved monitoring technologies. The unit now is available to clients in additional areas of Colorado.

The Wildfire Protection Unit is a complimentary loss mitigation service designed to help at-risk clients preempt avoidable fire damage to their properties. Response areas, defined at a zip code level, already include locations across Northern California, Southern California, Texas and other parts of Colorado.

Well before an active wildfire develops, Private Client Group clients in these locales can enroll to receive at-home consultations with Chartis’ team of wildfire mitigation specialists. With an emphasis on preparedness and education, the specialists look to identify wildfire hazards around the home and surrounding property, and offer wildfire mitigation recommendations. If warranted, the specialists also will apply a specially formulated fire retardant around the perimeter of the property. The retardant creates an added layer of protection that can last throughout the wildfire season.

In addition to one-on-one consultations, the Wildfire Protection Unit utilizes a disaster intelligence center powered by RedZone Software to track U.S. wildfire behavior, conditions, direction and changing fire perimeters. Mapping technology identifies insured homes in real time as wildfires approach and provides Chartis’ trucks with fire monitoring capabilities. In the event of an active wildfire within the service response areas, Chartis dispatches its Wildfire Protection Unit. Access permitting and in cooperation with local authorities, trucks equipped with fire retardant will attempt to visit vulnerable homes to bolster their defenses.

Although the Wildfire Protection Unit is not a private fire department, all mitigation specialists are firefighters with an average of five years of wildland fire experience. Wildfire Protection Unit crew members are Chartis employees, and all trucks and equipment are owned and managed by Chartis.

With the Wildfire Protection Unit service expansion in Colorado, Private Client Group clients residing in the following areas now can enroll to participate:

Arvada (80007)Boulder (80302, 80303, 80304)Cascade (80809)Castle Rock (80108, 80109)Colorado Springs (80840, 80902, 80903, 80904, 80905, 80906, 80907, 80919, 80921, 80926)Evergreen (80439)Golden (80401, 80403)Larkspur (80118)Littleton (80125, 80127)Longmont (80503)Manitou Springs (80829)Monument  (80132)Morrison (80465)Palmer Lake (80133)Sedalia (80135)Telluride (81435)Woodland Park (80863)Email ThisPrintNewslettersTweetCategories: National NewsTopics: expansion, geographical expansion, High-Net Worth, homeowners insurance, Markets/Coverages, wildfiresHave a hot lead? Email us at newsdesk

View the Original article

ACE USA Enhances International Casualty Coverage

May 25, 2012Email ThisPrintNewslettersTweetArticleComments

ACE USA, the U.S.-based retail operations of the ACE Group, has enhanced its international casualty coverage, ACE ATLAS CMP. The coverage is specifically designed to provide coverage for U.S.-based multinational organizations with complex exposures in targeted industries, including construction, energy, manufacturing and business and professional services organizations. ACE Foreign Casualty, a division of ACE USA, uses controlled master programs (CMP) to provide a master policy for the insured’s difference in limits/difference in conditions coverage in conjunction with local admitted policy placements to ensure that gaps in coverage are minimized.

These enhanced coverages allow ACE USA to offer insurance programs to those growing industries facing risks around the world. ACE also has the ability to coordinate locally admitted policies across the entire ACE global network

View the Original article

ACE USA Enhances Hospice Insurance Products

April 27, 2012Email ThisPrintNewslettersTweetArticleComments

ACE USA’s ACE Medical Risk Division now offers an endorsement for hospice care eligibility requirements. This new enhanced hospice care eligibility recertification endorsement serves as an amendment to ACE’s hospice facilities products. It provides professional liability coverage to hospice physicians, addressing the unique risks they face when re-certifying patients for hospice care.

The hospice care eligibility recertification endorsement responds to a change mandated by the Affordable Care Act (ACA) and implemented by the Centers for Medicare & Medicaid Services (CMS). It addresses the needs of hospice organizations by providing coverage for hospice physicians as they determine each patient’s continued eligibility for hospice care through a face-to-face encounter, and attest to those visits as required by the ACA.

In addition, ACE Medical Risk has introduced the liability arising out of hospitals or other enterprises amendment. This is an expansion of ACE’s hospice facilities products, and is designed for owners and managers of residential hospice facilities, or for hospices that utilize beds in hospitals or nursing homes to deliver hospice care.

View the Original article