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Zurich enhances property policy

SCHAUMBURG, Ill.—Zurich North America has introduced a broader property insurance policy for midsize businesses. The new policy includes more than three dozen additional coverage options.

The offering, called Property Portfolio Protection, is an all-risk policy that has built-in flexibility to allow coverage to be more easily adapted to individual requirements. The policy also includes a more extensive range of automatic coverages, requires fewer endorsements and uses simplified language to make it easier for customers to understand.

The policy is available in 44 states and the District of Columbia, with additional state approvals pending. Coverages are underwritten by member companies of Zurich North America; certain coverages may not be available in all states and some may be written on a nonadmitted basis through surplus lines brokers.

For more information, visit www.zurichna.com.

Services help mitigate identity theft

WARREN, N.J.—The Chubb Group of Insurance Cos., through an alliance with Scottsdale, Ariz.-based Identity Theft 911 L.L.C., is offering a range of services to help mitigate the disruptions and financial expenses that policyholders' employees may face following the theft, loss or destruction of sensitive information.

One service, Identity Travel Assistance 911, is provided free to Chubb business travel accident policyholders and helps employees recover or recreate personal identification documents, both hard copy and electronic, that have been lost or stolen during business travel. Identity Theft 911 works with financial institutions and law enforcement officials to recreate documents and help mitigate identity theft risks stemming from the missing documents.

Other new identity theft services that are available for a fee to group benefits policyholders can respond to corporate security breaches, the destruction of identity documents in disasters and identity theft. These additional services include:

  • Identity document disaster response. This service helps to recover and recreate personal identification documents as well as financial and legal records that have been destroyed in a natural disaster.

  • Security Breach Response. Upon reporting any security penetration such as a lost briefcase or cyber security breach, this service seeks to minimize business disruption and collaborates with government agencies and financial and other institutions to help protect companies and their employees.

  • Identity theft recovery services. An Identity Theft 911 case worker will help employee victims of identity theft restore their identities by notifying government agencies, businesses and financial institutions; resolve credit and other identity theft-related problems; and monitor credit activity for fraud.

For more information, visit Identity Theft 911's Web site at www.identitytheft911.com, or Warren, N.J.-based Chubb's site at www.chubb.com.

Beazley expands Web-based platform

FARMINGTON, Conn.—Specialty lines insurer Beazley Group P.L.C. is expanding BeazleySource, its proprietary risk management platform, to include information and advice for fiduciaries and administrators of employee benefit plans.

BeazleySource provides loss prevention services for management liability exposures via a Web-based platform. Access to BeazleySource is available to purchasers of Beazley's employment practices liability insurance and private company directors and officers policies at no additional cost.

In addition to D&O and EPL policyholders, buyers of Beazley's fiduciary liability policy will have access to these expanded resources, which include:

  • Guidance on the implications of the Employee Retirement Income Security Act.

  • Summaries and alerts on recent court decisions and developments in ERISA law plus concise direction and advice on minimizing associated risk.

  • Best practices advice for employers, plan fiduciaries and administrators.

  • Training for plan fiduciaries and administrators on how best to investigate issues that may lead to claims.

For more information, contact Carrie Brodzinski, product manager, at 860-677-3750 or by e-mail at carrie.brodzinski