Hiscox, a specialty insurance company, has launched a new line of terrorism insurance geared for health care providers, hospitals and researchers. Hiscox claims that this is the first insurance product of its kind to be offered in the U.S. It would seem that such insurance coverage would fit well in a nation that has been on heightened awareness for terrorism for the past 10 years. However, no major attack has occurred on U.S. soil since September 11, 2001. Whether Hiscox’s new insurance offering will be successful in light of this…
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Entertainment industry receives coverage from new insurance products at Liberty Company Insurance Brokers
Liberty Company Insurance Brokers, Inc. has announced that it will be expanding its product line – which has been serving businesses and residents in California for almost a quarter of a century – to provide coverage for the entertainment industry. It will be providing services to this new market through the creation of Liberty Entertainment Insurance Services, LLC. This way, the agency will be providing both businesses and individuals in the entertainment industry with forms of coverage that are designed specifically for their unique needs. The new president of this…
Read MoreChubb Service Helps Protect Collector Cars from Fire and Other Storage Hazards
Collector car owners may find it challenging to safely store their vehicles. They can’t stow them away in a safe like jewelry or rare coins. But their collections are every bit as valuable, and often more so. Now, a new loss prevention service from the Chubb Group of Insurance Companies is helping collector car customers better safeguard their investments. To help identify potential hazards at collector car storage facilities, Chubb’s loss prevention specialists are using infrared thermography to scan walls for thermal anomalies that could indicate overheated electrical wiring, leaking…
Read MoreAustralia gives Obama the unique gift of crocodile attack insurance
President Obama’s visit to Australia’s Northern Territory involved the receipt of a unique gift, as the American head of state was given an insurance policy against an attack by a crocodile. The Northern Territory’s chief minister, Paul Henderson, announced that the American president would receive a government insurance policy that would pay up to $50,000 (AUD) should he be the victim of a crocodile attack. Henderson stated that the president would be receiving total coverage against the unlikely event that there should be a crocodile attack during his stay in…
Read MoreChubb launches interactive Risk Conversation social resource
The Chubb Group of Insurance Companies has announced the launch of its Risk Conversation resource, which provides consumers with an interactive community that addresses struggles to risk management for individuals and businesses. The Risk Conversation resource is available at riskconversation.com, and provides information for prevention, risk assessment tools, and blogs that can help its users to pinpoint, understand, and manage a number of different risks to which they can be exposed in their professional and personal lives. Chubb’s public relations manager, Mark Schussel, said that risk is something that affects everyone…
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