Around the P&C insurance industry: December 1, 2021
News from Zurich North America, Chubb, Gore Mutual Insurance Company and more.
Zurich North America announced an enhanced suite of electric vehicle (EV) protection products that provide coverage ranging from the repair or replacement of high-voltage rechargeable batteries to roadside assistance for recharging EV batteries that run out of power mid-trip. The suite of products covers nearly all manufacturers including Tesla, Rivian and Polestar.
Chubb has expanded its cyber risk service offerings to further support all commercial clients in reducing exposures and mitigating potential losses amid an evolving cyber risk landscape.
Gore Mutual Insurance Company donated $150,000 to the Canadian Red Cross to support disaster relief efforts in the province. The funds will go towards the Canadian Red Cross’ British Columbia Floods and Extreme Weather Appeal and enable the Red Cross to carry out relief, recovery, resiliency and risk reduction activities in impacted regions.
Berkshire Hathaway GUARD Insurance Companies is now offering its commercial package policy to Indiana and North Carolina clients.
Brightway Insurance opened 12 franchise locations in October and November. The stores that opened in Maryland, Mississippi and Nevada are the brand’s first franchise units in those states. The company also grew its footprint in California, Florida, Missouri and New York.
High Street Insurance Partners has acquired 27 Nationwide exclusive insurance agencies throughout North Carolina, South Carolina, Pennsylvania, Tennessee, and Maryland. All agency presidents will remain active in the business and will now report to Karl Sherrill, Regional President at HSIP.
Related: Around the P&C insurance industry: November 24, 2021