New Policies

Farmers introduces commercial habitational program in Pennsylvania
The Farmers Insurance Group introduced a habitational product in Pennsylvania as part of a program for commercial prospects. The product is designed for apartment and condominium owners and professional real-estate managers and is written on a businessowners policy. It was previously made available to independent agents in Maryland and North Carolina, and will be introduced in New York in 2008. To book a policy, appointed Farmers independent agents can submit an application through e-Agent. Agents without a Farmers commercial appointment can submit an application through a Farmers commercial wholesaler, such as Allied Brokers Inc.

For more information, call (800) 237-6136, or visit www.farmersindepedentagent.com.
Shand Morahan, Avreco offer program for midwestern hospitals
Shand Morahan & Co. and Avreco announced an insurance and risk-management program for midwestern hospitals. The Heartland Healthcare Hospital Program offers community hospitals with fewer than 150 beds comprehensive professional liability insurance, as well as access to Web-based interactive programs for reducing claims and promoting patient safety. The program provides claims-made coverage with limits of $1million/$3 million per location and a $5,000 minimum deductible. Companion coverage is also available, including for staff physicians, E&O and long-term care. Shand will also help offset the cost of the risk-management programs.
For more information, call Sarah Dore at (312) 294-5623 or e-mail sdore@avreco.com. Liberty Mutual enhances commercial property policy
Liberty Mutual Property, part of the Liberty Mutual Group, introduced RM Custom Select Commercial Real Estate. Designed to meet the coverage requirements of midsize commercial real-estate accounts, the new product features enhancements to complement the broad, all-risk property policy, including coverage for:
o Tenants' improvements and betterments.
o Canceled lease.
o Soft costs and delay in opening.
o Tenant emergency evacuation, relocation and move-back expenses.
o Increased realty tax assessment.
o Real-estate broker's commission.
The product's service component includes a pre-loss claims consultation to review policy language and explain how the policy would respond in certain loss scenarios. Insureds also have access to real estate-specific risk-management guides and case studies authored by Liberty Mutual Property's loss-prevention consultants and claims adjusters.
For more information, visit www.libertymutual.com. Markel Global Marine & Energy opens ocean marine department
Markel Global Marine & Energy Inc. opened a new ocean marine department to handle the company's newest line of business. The department is designed for clients involved in or supporting the brown-water marine industry, as well as those active in importing or exporting goods by vessel or aircraft. MGME's insureds include vessel owners serving the energy industry or working U.S. inland rivers and intracoastal waterways.
For more information, visit www.markelcorp.com.
OTHER MARKET NEWS
o ACE USA, the U.S.-based retail operating division of the ACE Group of Cos., announced that INAMAR, its marine marketing and underwriting division, will now be known as ACE Recreational Marine Insurance. ACE Recreational Marine Insurance offers all-risk insurance coverage for vessels of all sizes throughout the U.S.
For more information, visit www.acemarineinsurance.com.
o Progressive's real-time agency-dedicated Web site for quoting commercial auto policies online, www.foragentsonly.com, is now available in 12 states and will be available nationally in mid-2008. The new quoting platform is similar to both ProRater and Progressive's private passenger auto quoting sites, enabling agents to make an easy transition.
For more information, visit www.progressive.com.
o The Chubb Group of Insurance Cos. launched a new automobile insurance rating system. The system, as well as a multipolicy discount for customers purchasing both Chubb homeowners and automobile policies, has been introduced in Illinois, Minnesota and Ohio as part of a nationwide implementation. The system considers dozens of underwriting factors and features exponentially more price points than the prior rating plan.
For more information, visit www.chubb.com.