business moves News

AIG Introduces OSHA Assist to Cover Construction Clients Facing OSHA Investigations

American International Group, Inc. introduced OSHA Counsel Assist (“OSHA Assist”), an enhancement to general liability programs for construction clients that provides policyholders with legal support and additional limits if a work place injury or death results in an investigation by …

Willis Launches Directors’ All Risks Cover in Asia-Pacific Region

Willis Group Holdings, the global insurance broker, has launched its unique directors’ all risks cover (DARCstar) in Australia, Hong Kong and Singapore. DARCstar policies have already been written for a number of global companies. The policy has been launched in …

ISO Expands Commercial Property Classifications to Include Eco-Friendly Alternatives

ISO, a member of the Verisk Insurance Solutions group at Verisk Analytic, announced new classifications to its commercial property program to account for the emergence of alternative energy sources. In response to the growing demand for alternative energy, ISO is …

Cross-Claim Data Exchange Product Promises to Cut Claims Overpayments

Health and property/casualty insurers overpay injured people an estimated $15 billion a year because each sector of the industry lacks information about claimants that only the other side has, according to Stephen Ambrose, CEO of ICEX, an insurance information services …

AIG Returns Core Insurance Operations to AIG Brand

American International Group Inc. said it will now use AIG as the name for all of its global property/casualty operations, including Chartis, in most locations, and that the company’s life and retirement segment is now AIG Life and Retirement. As …

RLI Announces New Security Guard and Alarm Systems Liability Product

Ill.-based RLI Corp. announced a new security guard and alarm systems liability insurance product. RLI has hired Mitchell Bombet, director of underwriting, to manage the new product line. RLI will provide primary and excess liability insurance coverage for security guard …

Aon Launches New Flood Replacement Coverage Product

In the wake of Post-tropical Cyclone Sandy, Aon Risk Solutions, the global risk management business of Aon plc, announced the creation of Flood Secure, a new insurance facility providing replacement coverage to U.S. organizations that have impaired aggregated flood limits …

Wells Fargo Insurance Announces New Regional Leadership in Midwest

In an effort to better serve its expanding customer base throughout the Midwest, Wells Fargo Insurance announced a new regional leadership team. Serving the Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin markets, the …

LWG Expands North American Forensic Civil/Structural Engineering Practice Group

LWG Consulting announced the expansion of their forensic Civil/Structural Engineering practice group in North America, focused on providing property loss investigation, structural analysis/damage assessment and litigation support to insurance carriers, defense firms and corporations. LWG named James Goes, P.E./ S.E. …

Enservio Expands On Site Inventory Services Nationwide

Mass.-based Enservio, a provider of software and services to property insurers, announced the expansion of its on-site inventory services to nationwide coverage. The expansion reflects the full integration of Insurer’s World’s Service On-Site contents inventory offering with Enservio’s staff of …