Products & Services

Best releases 2007 products catalog

OLDWICK, N.J.—A.M. Best Co. Inc. has released its 2007 Annual Publications & Services Catalog.

In addition to the company's insurance industry-focused products, the catalog includes an introduction to Best's rating services for banks as well as insurance companies, and gives an overview of Oldwick, N.J.-based A.M. Best-hosted programs and events.

To request a copy of the catalog, call 908-439-2200, ext. 5742, or e-mail customer service at customer_service@ambest.com. A PDF version of the catalog can be downloaded at www.ambest.com/sales/pdf/pscatalog.pdf.

Lexington increases terrorism coverage capacity

NEW YORK—Lexington Insurance Co. has increased its capacity to underwrite commercial domestic property terrorism insurance to $250 million from $100 million.

New York-based Lexington's increased capacity is available for commercial property with extended business exposures, including central business districts. The $250 million in capacity will be available for commercial buildings, municipalities, retail spaces, office buildings and hotels as well.

The new capacity is available for stand-alone and embedded coverages and is available on a broad form, with no sunset provisions.

For more information, contact George Stratts, division executive and executive vp at 617-330-8433 or at george.stratts@aig.com.

Asparity issues health plan scorecards

DURHAM, N.C.—Asparity Decision Solutions will issue scorecards to provide employers with information about their health plans' performance.

The scorecards use data generated from Asparity's decision support tools on health plan selection. Employer customers can now view how their health plans performed during the 2007 annual enrollment season.

The data includes five performance measures:

• Enrollment behavior to evaluate how decision support results affected a health plan's actual enrollment.

• Plan rankings.

• Adoption rates to demonstrate how often employees enrolled in a specific health plan and its actual performance.

• Estimated costs to determine how cost-effective a health plan was.

• Attribute profiles to illustrate how adequately a health plan met employees' health care needs in terms of specific product features.

For more information, visit www.asparity.com or contact Leslie Hart, director of marketing, at 919-688-1430.

Beazley offers nonprofits management liability cover

FARMINGTON, Conn.—Beazley Group Ltd. has launched a management liability policy for nonprofit organizations that includes an optional extension for event cancellation.

Beazley's Non-Profit Organization Management Liability Policy combines employment practices liability and directors and officers coverage in a policy form tailored to the needs of the nonprofit sector. In particular, nonprofit organizations can cover out-of-pocket loss associated with the cancellation of events they have sponsored. Events that can be covered include golf outings, dinners, auctions, galas, fundraisers and sporting events. The extension is offered by endorsement and multiple events can be covered.

The policy also includes a crisis management sublimit that can be used to pay for risk management or public relations expertise to minimize the potential harm to the organization due to the public announcement of the death or incapacity of key personnel, threatened bankruptcy or other litigation, withdrawal of grant funds, or sexual abuse committed by an insured person.

Insured limits of up to $10 million are available and coverage can be obtained on either an admitted or a nonadmitted basis.

For more information, call Carrie Brodzinski, product manager, at 860-677-3750.

IFEBP benefits publication catalog now available

BROOKFIELD, Wis.—Benefits and Compensation Books, a catalog of more than 150 employee benefits and compensation resources, is now available from the Brookfield, Wis.-based International Foundation of Employee Benefit Plans.

The catalog provides quick access to the expanded library of resources available through IFEBP, including books, periodicals, survey results, CDs and DVDs.

Arranged by topic, the catalog includes sections on research studies, general benefits, health care, pension and retirement plans, multiemployer plans, public employee plans, retirement planning, compensation and human resources and career development.

To receive a complimentary copy of Benefits and Compensation Books, contact the International Foundation's publications department at 888-334-3327, option 4, or e-mail books@ifebp.org. To view the catalog online, visit www.ifebp.org/pdf/bookstore/bookcat.pdf.