Porsche Auto Insurance has launched a new unlimited insurance product designed for Porsche owners who drive over 10,000 miles a year. The new unlimited product complements the original pay-per-mile from Porsche Auto Insurance, providing customers with the option to select a fixed policy premium instead of reporting the vehicle mileage. Porsche owners with multiple vehicles can also select pay-per-mile or unlimited for each vehicle on their policy, choosing the insurance that best suits their lifestyle and driving habits.
Safeco Insurance has entered into a book transfer agreement with Main Street America Insurance, a well-established property and casualty carrier currently offering commercial and farm and ranch products as well as fidelity and surety bonds nationwide. The deal enabled Safeco to grow its personal lines presence in 22 states as Main Street America Insurance shifts to focusing exclusively on commercial lines, a move the carrier announced in late August.
The Resilient Cities Network and Tokio Marine Group partnered to ensure Tokio Marine Group provides expertise and support to the Resilience Finance Taskforce, made up of cities and private sector partners to scale up the portfolio approach to investment in city resilience. The Resilient Cities Network is the world’s leading urban resilience network, comprised of more than 100 cities across six continents, including London, New York, Rio de Janeiro and Cape Town.
Skyward Specialty Insurance Group launched its new life sciences liability coverage. The strategic addition to the company's healthcare solutions underwriting unit offers comprehensive and adaptable protection specifically tailored to meet the unique needs of the life sciences industry. The life sciences sector often encounters complex risks that require specialized insurance solutions and deep industry expertise. Skyward Specialty's life sciences liability coverage delivers a holistic approach that combines best-in-class underwriting and in-house claims management to address a wide range of exposures, including products-completed operations liability, errors and omissions liability, medical professionals liability, general liability and hired/non-owned auto liability.
American Association of Insurance Services is excited to welcome Sproutr to the AAIS Partner Program. The AAIS Partner Program provides AAIS members with unique access to quality products and services that help them streamline processes, achieve operational efficiency and support business growth.
Duck Creek Technologies announced its second Center of Excellence opened in Warsaw, Poland. The new CoE, alongside the one in India, strengthens Duck Creek’s ability to support customers in Europe, the Middle East and Africa as well as Asia and the Pacific by leveraging international talent to deliver 24-hour customer service. This move underscores Duck Creek’s commitment to efficiently address local needs while broadening global reach.
Coursera has partnered with Liberty Mutual Insurance to launch an entry-level course designed to equip learners with the skills to break into insurance sales. The Insurance Sales Agent from Liberty Mutual course covers the fundamentals of the insurance industry, including risk management, sales processes and client relationship management. Learners will gain expertise in a wide range of insurance products and key ethical practices, preparing them for successful careers in the field.
World Insurance Associates acquired the business of United Counties Insurance Group of Old Bridge, N.J., on August 1. Terms of the transaction were not disclosed.
Previsico launched its new flood mitigation solution, Instacasting. The Instacasting suite of products uses the market’s most accurate observed rainfall data to predict surface water flood risk, enabling clients to respond faster and with greater certainty.
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