CFC announced it has expanded its life sciences insurance offering to better accommodate the needs of mid-market companies on a global basis. CFC is now offering excess products liability, E&O and clinical trials solutions for global clinical research organizations and companies manufacturing or selling medical devices, functional food and dietary supplements with a revenue threshold of $2.96 billion.
One80 Intermediaries announced the launch of its Transportation Threat Protect (TTP) program. TTP protects commercial drivers and transport operations from the growing risk of hijack, kidnap, malicious detention and extortion on the border between the U.S. and Mexico. The highly customized insurance program offers risk mitigation, reimbursement of ransom costs, public relations support and access to a crisis management consultancy as required.
Pet insurance company Wagmo announced it is expanding into New York and California. The company’s plans are currently available in Colorado, Illinois, North Carolina and Pennsylvania. In a press release, Wagmo said it is the only insurer in the market to unbundle wellness from traditional pet insurance offerings to ensure pet owners can easily access the right care for their pet from day one, without ever having to compromise.
The National Insurance Crime Bureau partnered with United States Postal Inspection Service to further strengthen the long-standing relationship between the two organizations. NICB Special Agents regularly work with U.S. Postal Inspectors and insurance providers to fight insurance-related fraud and crime. The USPIS is the law enforcement arm of the U.S. Postal Service, which combats crimes that affect or fraudulently use the U.S. Mail or postal system.
Crum & Forster announced that Pethealth Inc. will complete a reorganization transaction that will result in Pethealth combining with the Crum & Forster family and becoming a wholly-owned subsidiary of Crum & Forster Holdings Corp, which is a wholly-owned subsidiary of Fairfax Financial Holdings Limited. The transaction is subject to customary closing conditions and is expected to close by the end of the fourth quarter of 2020.
Cowbell Cyber, an AI-powered cyber insurance provider for small to mid-sized businesses, announced it has made significant improvements to its cyber insurance platform in an effort to “accelerate the digitization of cyber insurance and allow for larger risks underwriting to be done with more ease, better accuracy and increased speed.” Some of the enhancements include use of inside-out data for refined risk assessment, support for all distribution channels, and customer experience improvements.
Distinguished Programs Founder and CEO Andy Potash sponsored a walking challenge, calling on employees to compete for the chance to raise funds for charities of their choice. The Potash family’s $50,000 donation was divided into three sums, with the first, second and third place winners receiving $25,000, $15,000 and $10,000, respectively, to be donated to the charitable organizations.
Keenan conducted a special employee fundraising campaign to support families who are experiencing a loss of income and struggling to make ends meet during the COVID-19 crisis, through a partnership with Feeding Children Everywhere. Keenan employees raised more than $20,000. In addition, the company matched the first $10,000 and covered all of the transaction fees for a total of more than $30,000 raised.
NJM Insurance Group announced the recipients of its workplace safety scholarship, in partnership with Burlington County Institute of Technology. The scholarship totals $10,000 in awards to five BCIT students and is designed to promote workplace safety. Each winner has been awarded $2,000 toward their tuition and safety training. The scholarship, established in celebration of NJM’s 100th anniversary as a member of the National Safety Council, highlights NJM’s century-long commitment to workplace safety and community development.
USTA announced that Chubb has become the official insurance sponsor of the US Open under, multi-year agreement that begins immediately. Chubb’s branding will be featured in prominent on-court signage in Arthur Ashe Stadium, Louis Armstrong Stadium and other tournament courts throughout the grounds. The 2020 US Open takes place from August 31 to September 13 at the USTA Billie Jean King National Tennis Center in Flushing, N.Y.