Insurer partners with the National Wildlife Federation for home and auto insurance discount program

The Hartford has announced that it will be offering partners, members, and supporters of the National Wildlife Federation with access to its home and auto insurance through a special discount program that will be available in the majority of states. Hartford’s president of consumer markets, Andy Napoli, stated that the insurer is pleased to be able to partner with the largest conservation federation in the country, which has now been protecting wildlife for 75 years. He added that The Hartford looks forward to providing members of the National Wildlife Federation…

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Munich Re and Ping An Insurance to offer products for renewable energy companies

Munich Re and Ping An Insurance from China… have both announced that they will be working together in their first co-operation to create insurance products and services that they can offer to Chinese renewable energy companies. In a joint statement, the insurers said that they hope to develop solutions that will minimize the risk that investors face with renewable energy, so that larger projects of this nature will actually become possible. A spokesperson from Munich Re declined to make a statement regarding whether or not the two companies intend to…

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Eco-friendly construction increases professional liability risks

Insurers and risk managers are facing all new challenges in developing coverage for errors and omissions (E&O) for eco-friendly construction projects, which are similar, but still quite different from the risks associated with typical construction projects. This has lead to new trends and developments which are affecting purchasers for specialty lines of insurance such as E&O, directors and officers (D&O), cyber risk, employment practices liability, transportation, marine, and surplus. The reason for the difference between “green” and standard construction project risks is in the materials and technologies that are used,…

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Flint Insurance announces new eco-friendly customer benefit initiative

Flint Insurance Private Clients Panel member, Zurich Private Clients, has announced its newest “green” environmentally friendly initiative as a new benefit for their customers. The eco-friendly effort will provide a benefit for enhanced fuel efficiency to customers with high net worth auto insurance. Included on the Flint Private Clients Panel are the leading insurance providers in the UK. They provide a range of different insurance products, from high net worth insurance to auto insurance. Zurich Private Clients is among the insurers on the panel that is considered to be an…

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United Nations conference hopes to catalyze the global insurance industry

Canada is set to host the third of seven United Nations conferences that aim to establish sustainability principles for the world’s insurance industry. The United Nation Environment Program Finance Initiative’s Principles for Sustainable Insurance, is a new initiative enacted by the U.N. to help insurance companies manage environmental risks as well as their associated social implications. Insurance officials from all over the world will be attending the conference, hoping to glean some information on how to cope with what appears to be a volatile environmental flux. The increase in natural…

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New energy property insurance program announced by Lexington

Lexington Insurance Company announced yesterday that it would be offering two new service products. The new set of products was designed to protect owners, developers and investors from financial losses resulting from damage or loss of energy property. Lexington presented its Energy Investment Tax Credit Insurance program, which consists of two plans. Investment Tax Credit (ITC) Energy-48 Mobile Property, and ITC Energy-48 Professional Liability. Besides protecting developers, owners and investors from property damage and loss, it was also a comeback to the recapture of ITC granted for those properties; as…

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California Car Insurance: Sequoia offering new “Pay As You Go” insurance plan

Following the latest insurance trend sweeping the nation, Sequoia Insurance Co., one of the largest insurers in California, will begin offering a pay-as-you-drive auto insurance policy. Sequoia joins State Farm and Progressive in offering this particular policy, increasing the options available to California drivers. Progressive was the first to incorporate this concept into their coverage options after finding that fewer people were taking to the road in light of rising gas prices and other costs. Drivers interested in the coverage must first have a small device installed in their vehicles.…

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