Good Names on the Line

Can new and developing Reputational Risk products keep pace with insureds’ growing need for coverage?

Reputational Risk products are hot: Clients are actively asking insurers about available coverages, and insurers are reacting with a variety of products. 

“Based upon what I hear, there are tremendous concerns in the market about reputational risks,” says Howard Mills, director and chief advisor of Deloitte’s insurance-industry group and former superintendent of the New York State Insurance Department. “In today’s world, you have one dissatisfied customer, and they can immediately get on the Internet and do a lot of damage to your company.”

CHARTIS: WHAT IF TIGER WOODS WAS YOUR SPOKESMAN?

When in October 2011 Chartis launched ReputationGuard, a standalone product designed to meet the specific needs of small companies, it found that clients wanted Reputational Risk coverage not for the types of events related to their industry but for the unanticipated.

Featured Video

Most Recent Videos

Video Library ››

Top Story

PIA's national president was born to insure

Robert W. Hansen Jr., a fourth-generation insurance professional, reflects on what drives him to keep selling after more than 30 years in the business.

Top Story

Taiwan earthquake collapses two high-rises. Shoddy construction investigated

The Taiwanese government has ordered an investigation into a building's collapse, as images show tin cans built into the walls of the toppled complex.

More Resources

Comments

eNewsletter Sign Up

PropertyCasualty360 Daily eNews

Get P&C insurance news to stay ahead of the competition in one concise format - FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.