Ironshore Environmental is now offering a COVID-19 endorsement that can be added to its Contractors’ Environmental Legal Liability (CELL) policy for certain contractor classes, effective immediately. Ironshore’s CELL coverage responds to third-party bodily injury, property damage and remediation of environmental damages resulting from pollution incidents caused by the contractor’s work at a job site.
Ironshore Environmental’s Contractors’ Environmental Legal Liability (CELL) policy can now be broadened to include Professional Liability for certain contractor classes. Ironshore’s CELL coverage responds to third-party bodily injury, property damage and remediation of environmental damages resulting from pollution incidents caused by the contractor’s work at a job site. A pollution incident is not required to trigger a professional incident.
IronHealth, the healthcare professional liability and stop loss unit of Ironshore, has entered into a preferred partnership with PeriGen, a perinatal software solutions provider, offering insureds access to leading-edge obstetrics artificial intelligence systems. PeriGen’s FDA-cleared artificial intelligence (AI) tools help clinicians identify real-time clinical warning signs in childbirth. IronHealth’s customers can apply IronHealth’s risk management reimbursement dollars towards “PeriWatch Vigilance,” PeriGen’s early warning system designed to promote patient safety and optimal outcomes during childbirth.
Ironshore, a Liberty Mutual company, announced today the realignment of its wholesale distribution platform to meet the needs of the wholesale brokerage market. Ironshore will have dedicated wholesale underwriting resources nationwide for their core specialty businesses of property, casualty, environmental, health and professional lines, as well as additional regional distribution resources. The expanded wholesale distribution team will provide the brokerage community with regional access points to facilitate localized delivery of wholesale products and services.
Several factors, including the recent COVID-19 crisis, have catapulted health care systems into what many are calling a “new normal.” Those in the space must prepare now for the emerging risks to follow.
The US construction insurance market is in a tight bind. Like much of the property & casualty (P&C) market, the construction sector is experiencing significant rate increases across primary, umbrella and excess, and specialty lines, as well as some reduction in market capacity and widespread restriction of risk appetite. The reasons behind this market tightening are multi-faceted, but one of the primary culprits is the increase in claim severity caused by social and medical inflation.
Over the past few years, the commercial real estate, hospitality and healthcare sectors have all experienced a significant uptick in insurance claims based on mold and indoor air quality issues. These quiet perils, which often remain undetected until it’s too late, can yield extensive claims, especially when high concentrations of people (for example, in hospitals or hotels) are exposed to the pollutants.
Mold could be described as the silent assassin of environmental risks. It’s a highly problematic but quiet peril that often goes unnoticed until it’s too late – and environmental insurance claims reflect this. Over the past few years, there’s been a significant uptick in both the frequency and severity of mold claims in commercial real estate, particularly in industry sectors like healthcare, hospitality and education – notably, K-12 schools.
Ironshore distinguishes itself in the industry by closely aligning our claim professionals with members of the underwriting, actuarial and finance teams. This is our way of ensuring that the people who make the promises, keep the promises and that our policyholder claims are handled in a professional and expeditious manner.