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News from Arthur J. Gallagher & Co., Insurity Inc., Arch Insurance Europe and more. News from Hippo, InsuranceHub, NAMIC and more. (Photo: Shutterstock)

Hub International Limited (Hub) has acquired Hamman–Miller–Beauchamp–Deeble, Inc. d/b/a HMBD Insurance Services, Inc. (HMBD), a full-service insurance agency located in Long Beach, California that provides multi-line insurance solutions, including personal, commercial and employee benefits products. Terms of the transaction were not disclosed.

Berkley Construction Professional introduced Faulty Workmanship Liability Coverage, a new product that aims to cover a gap in Commercial General Liability (CGL) coverage. The policy covers property damage that arises from faulty workmanship and addresses elements of property damage that are expressly excluded from Berkely’s ISO CGL policy. Coverage is triggered by a third-party faulty workmanship claim against the policyholder; however, the claim does not have to allege negligence. The Faulty Workmanship Liability coverage is a separate and independent insuring agreement added to the Berkley Construction Professional Perform policy. Coverage terms include limits/sublimits of up to $2 million.

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].

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