Hub

Chubb | June 04, 2018

Chubb has announced the launch of a new personal cyber insurance product. Masterpiece Cyber Protection, which functions as a supplement to Chubb’s Masterpiece Homeowners policies, offers coverage to individuals and families to protect against cyber attacks that could lead to extortion, ransomware, financial loss, cyberbullying, disruption and breach of privacy. Policyholders will also receive discounted access to third-party resources, with tools to help them secure network and mobile devi...

Insurance journal | January 22, 2018

A South Carolina school district has sued an insurance brokerage and several insurance companies, saying the district was sold excessive policies and charged too much. The Berkeley County School District filed suit in U.S. District Court, seeking more than $42 million from its former chief financial officer, Brantley D. Thomas III; Stanley Pokorney and his son, Scott Pokorney of Knauff Insurance Agency; Chicago-based Hub International Limited, the insurance brokerage firm that acquired Knauff in...

Business insurance | January 22, 2018

A federal appeals court has upheld a lower court ruling holding that a Chubb Ltd. unit is not obligated to indemnify Nasdaq under the professional services exclusion in its directors and officers liability policy in connection with Facebook’s botched 2012 initial public offering. The unanimous ruling by a three-judge panel of the 2nd U.S. Circuit Court of Appeals in New York in Beazley Insurance Co. Inc. v. ACE American Insurance Co., Illinois National Insurance Co. agrees with a 2016 ruli...

Insurance Business Magazine | January 16, 2020

Insurance start-up battleface, which provides travel insurance for unconventional travelers worldwide, has announced that it has successfully closed a seed funding round with backing from strategic and venture capital investors. Fintech Ventures Fund has invested in battleface, joining Greenlight Re and Tangiers Group. The investment will be used to expand software development, hire sales and business-development personnel, and expand battleface’s global reach, the company said. “We ...