These days, when movies are made, most will take out coverage policies to make sure that they will be insured against various types of disasters that can strike the production, such as the destruction of the set or an injury to the star. Often, the risk consultants for the insurance companies will help to make decisions regarding the way that the film will be made, in order to ensure a lower chance that a claim will need to be made. In the case of “The Girl with the Dragon Tattoo”,…
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Lexington Insurance releases new college product to protect from losses from tuitions from international students
Chartis-owned company, Lexington Insurance Co., has released a new form of coverage geared toward colleges and universities, to help them to protect themselves against the tuition losses that they face from international students who are enrolled, but who withdraw as a result of a catastrophic event at home. Lexington’s senior vice president and executive from their property division, Erik Nikodem, explained that data from the Institute of International Education says that there were over 700,000 international students enrolled in universities and colleges in the United States during the academic year…
Read MoreChubb Forms Alliance to Address CEOs’ Personal and Business Risk Needs
WARREN, NJ, February 16, 2012 – The Chubb Group of Insurance Companies has formed a strategic alliance with Vistage International to help private company CEOs address personal and commercial risk management needs. As part of the alliance, Chubb will provide Vistage members with risk management education and access to an array of products and services tailored to their needs. “A strong risk management program, supported by Chubb’s high-quality insurance products and loss control and claims services, can help protect our members and their businesses from the unexpected,” said Jeff Werderman,…
Read MoreOnline System Helps Expedite Clinical Trials in China and Brazil
WARREN, NJ, February 1, 2012– Life sciences companies can avoid costly delays in beginning clinical trials in China and Brazil by downloading local insurance certificates through WORLDcert. This online system from the Chubb Group of Insurance Companies can now also be used to instantly obtain specimen policy language for trials in many countries where ethics committees require the review of insurance contract terms and conditions. “WORLDcert enables clinical trial sponsors, their agents and brokers, and contract research organizations to quickly provide ethics committees with evidence that adequate insurance is in…
Read MoreLiberty Mutual Insurance expands new commercial lead umbrella policy form for mid-sized companies
Liberty Mutual Insurance has announced that it has now broadened its new commercial lead umbrella policy form in order to include an endorsement for crisis management in the hopes to provide increased protection for mid-sized organizations against the significant harm that can come from a business crisis. This new endorsement element provides customers with up to 72 hours in which to discover that a crisis has occurred, and then to make their claim, which includes coverage of up to $50,000 for Weber Shandwick support for crisis management. Weber Shandwick, a…
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