Tag: specialty insurance

The insurance industry in Japan offers unique Valentine’s Day coverage

Julie Campbell
Insurance agents industry valentine's day

This product is available for consumers in the country who want to make certain that they’re covered on the day. In Japan, the insurance industry is helping people to lower their risk of coming up empty handed on Valentine’s Day, with a new policy that is designed to ensure that policyholders always have something to receive on the most romantic day of the year. Consumers who purchase this policy will never find themselves without a box of chocolates. This unique addition to the insurance industry in Japan is designed to…

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Law firms battle wave of suits with insurance coverage

Though it was once quite rare for a large law firm to face a lawsuit of its own, the frequency of claims being aimed directly at lawyers is rapidly increasing, and the firms are now boosting their insurance coverage to help to protect themselves against costly liability claims. According to legal experts, suing lawyers and their firms got started in the 1980s. This was also especially the case among the law firms that represented collapsed financial institutions in the Savings & Loan crisis, who were targets for FDIC litigation. Today,…

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Space travel insurance policy available from Allianz in 2012

Nordstrom

In an effort to be the first in the industry to take advantage of the upcoming wave of “ordinary astronauts” who will be taking the first commercial trips into space next year, the German insurance giant, Allianz, has announced that in 2012 it will begin selling space travel insurance policies. The sale of these policies will align with the launch of the spaceflight company called Virgin Galactic, owned by Virgin Group’s Richard Branson. There have already been approximately 450 people who have made seat reservations with Virgin Galactic for its…

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New racing insurance program offered for drag series

Nordstrom

The Quick 32 Sportsman Series, in partnership with the Pro Modified Racing Association, have announced that they will both be participating in ChampionsEdge.ca, a form of race car insurance that has been designed specifically to insure the competitors that will be taking part in the two series of drag races. The program will be working through the Markham, Ontario-based Insureit Group Inc., which will provide specialized off-track coverage for the race participants. Coverage from the insurance program will include losses from theft, fire, hail, vandalism, derailment while the racer is…

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