Arbella raises $152,016 for New England Hunger Relief Programs
This year, which marks the ninth year of the Arbella insurance foundation’s “Let’s Drive Out Hunger” campaign saw 102 independent agents participate in the campaign. The campaign centers on a matching gift program in which Arbella matches any donations made by an independent agent on a two-to-one-basis, up to a $1,000 per agency.
“Year after year, our independent agents embrace our Let’s Drive Out Hunger program and generously give back to local food pantries and charities in search of additional aid,” said John Donohue, chairman, president and CEO of the Arbella Insurance Group and chairman of the Arbella Insurance Foundation. “We are honored to partner with our agents in support of their charitable giving, and we are proud to see the positive impact our commitment to fighting hunger has for thousands of New England families.”
According to the Foundation, this year $152,016 was raised and distributed to 120 food pantries across New England, including Tri-Parish Ecumenical Food Pantry in Hardwick, MA, Island Food Pantry in Oak Bluffs, MA, Wellspring in Hull, MA, Northampton Survival Center in Northampton, MA, First Congregational Church in West Springfield, MA, St. Raphael’s Food Pantry in Medford, MA and House of Hope in Lowell, MA.
Thanks to the donations we received from the Arbella Insurance Foundation, the CEOC Food Pantry has been able to successfully serve the growing numbers of patrons struggling with unemployment or reduced work hours,” said Elaine DeRosa, executive director of Cambridge Economic Opportunity Committee, Inc. “We appreciate the Foundation’s continued support for reducing hunger within our community.”
Over the past nine years, the Arbella Foundation says that it has raised close to $940,944 for local food pantries, soup kitchens and food programs across more than 100 New England communities.
The Hanover launches Hanover Fusion
Hanover Fusion is a new life sciences product, that allows independent agents to offer a “customizable” single policy for life science businesses with the ability to include four distinctive coverages included. The result is a product which allows independent agents to compete by offering a high-quality insurance program to this sector.
The four coverages include:
- Products-completed operations liability, including automatic protection for human clinical trials
- Errors and omissions, including protection for breach of warranties or representation
- Information security, privacy and personal injury, including protection for unauthorized access, use or theft of personal data by a third party, or the unintended transmission of a malicious code to a third party
- Media and content, including protection for infringement or dilution of title, slogan, trademark, service mark, or registered copyright
“This innovative product helps solve for the challenges many life sciences organizations face, responding with coverages that are flexible and built to evolve with this dynamic market,” said Toby Levy, vice president, technology at The Hanover. “Whether a medical device manufacturer or a biotech company, Hanover Fusion offers seamless protection for a wide variety of life sciences customers, enabling agents to more easily solve for these businesses’ unique needs.”
In addition to Fusion, the Hanover also offers a broad portfolio of core coverages, including general liability, property, workers’ compensation and international coverages, providing a total, all-lines approach for life sciences organizations.
To help brokers better meet the excess needs of large buyers, Liberty Mutual Insurance has released a suite of enhanced excess liability endorsements: the Following Form, including Paid Partial Loss Settlement; Business Continuity; and Crisis Management.
“We’re a leading excess liability carrier and we are continuing to grow,” notes Doug Manwaring, chief underwriting officer, Excess Casualty, Liberty Mutual Commercial Insurance. “To help drive this growth, in 2016 we introduced two new excess offerings – the Utility Follow Form Excess product for power generation and utility companies, and the Integrated Occurrence Form. And we created a strong excess casualty broker advisory council, which helped develop our recent offerings.”
To learn more about Hanover Fusion, the company says its agent partners should contact their local Hanover representative.
Liberty Launches New Builder’s Risk Product As Well As Three New Excess Liability Endorsements
In the past couple of weeks, Liberty Mutual has launched some interesting products, that we thought agents and brokers should know about. Here are some snippets from the official press releases:
To help large contractors and property owners – and the brokers who serve them – better manage property risk, Liberty Mutual has launched Premier Protector – Builder’s Risk™.
The new Premier Protector – Builder’s Risk policy helps eliminate uncertainties and inconsistencies through an intuitive structure. And because many of the coverages available in the new product are options, brokers and customers can work with Liberty Mutual’s dedicated inland marine underwriters to tailor each policy to their specific needs.
In addition to the new Builder’s Risk product, Liberty has also launched three new Excess Liability endorsements this month.
The latest offerings include:
- Following Form Endorsement including Paid Partial Loss Settlement (Shaving of Limits). Ensures the lead umbrella and excess coverages have a consistent set of terms and conditions, except for the limits, premium and added endorsements. The Shavings of Limits provision ensures excess coverage should the policyholders pay the underlying limits through a negotiated settlement, rather than the underlying insurer.
- Business Continuity Endorsement. Coming from the lessons of Hurricane Sandy, this endorsement automatically extends the policy 30 days if communications – either within the policyholder’s organization, or between the policyholder, broker and Liberty Mutual – are prevented due to a catastrophic event happening within 30 days of the policy’s expiration date, making it impossible to complete the renewal.
- Crisis Management Endorsement. Provides up to $250,000 to help the insured in the event of a man-made crisis. This is in addition to any crisis management expense coverage provided on layers below the excess policy.
Here is what the company had to say about these three new offerings:
We’re a leading excess liability carrier and we are continuing to grow,” notes Doug Manwaring, chief underwriting officer, Excess Casualty, Liberty Mutual Commercial Insurance. “To help drive this growth, in 2016 we introduced two new excess offerings – the Utility Follow Form Excess product for power generation and utility companies, and the Integrated Occurrence Form. And we created a strong excess casualty broker advisory council, which helped develop our recent offerings.”
More information on Liberty Mutual’s excess offerings can be seen at https://business.libertymutualgroup.com/business-insurance/coverages/excess-liability-insurance-policy?extcmp=pr_excess.
