Everest Insurance released their new Everest Elevation Lawyers Professional Liability Policy, designed to provide law firms with liability coverage for financial loss suffered by third parties arising from acts, errors, and omissions in providing legal services. Everest Elevation addresses the coverage needs of law firms by providing market leading terms and conditions while offering a variety of coverage enhancements, including expense reimbursement for crisis events, disciplinary proceedings, security incidents, and subpoena compliance.
ReSource Pro has acquired Oceanus Partners, a 10- year-old Florida-based insurance training, coaching and consulting firm. Oceanus Partners offers sales and technical insurance training through workshops, webinars, coaching and online courses for sales personnel, agency principals and insurance company executives. The company’s goal is to help insurance professionals differentiate their offerings through advanced risk management, technical knowledge and consultative selling techniques.
Travelers announced a new initiative with American Forests, the country’s oldest nonprofit conservation group, to plant a tree when personal lines customers choose paperless billing. The company will plant up to one million trees through April 2020, supporting the reforestation of endangered ecosystems in several states.
“Our commitment to plant trees with American Forests will hopefully encourage more policyholders to go digital,” Michael Klein, Executive Vice President and President of Personal Insurance at Travelers said in a statement. “Paperless billing provides an added level of convenience for customers, while helping minimize our environmental impact through a reduction in paper consumption and our overall carbon footprint.”
Marsh and Guy Carpenter, both wholly owned subsidiaries of Marsh & McLennan Companies (MMC), announced that subject to regulatory approvals, they would combine their Latin American facultative reinsurance operations with those of Jardine Lloyd Thompson Group (JLT), which was acquired by MMC on April 1, 2019. The combined business will be known as Carpenter Marsh Fac Re.
On National Arbor Day last week, the Arbor Day Foundation launched its Time for Trees initiative, a commitment to plant 100 million trees in forests and communities worldwide by 2022, alongside its partners. One partner, Philadelphia Insurance Companies (PHLY), had 35 employees contribute 4,500 trees to this goal through a two-day project in Kentucky’s Daniel Boone National Forest. The planting project was part of PHLY’s efforts to plant 80,000 trees in partnership with the Arbor Day Foundation for the fourth consecutive year.