Aggregate Excess of Loss Reinsurance
This stipulates reinsurer participation when the aggregate excess losses for the underlying carrier exceed a specific retention level. Please see [!Aggregate Excess Insurance"!].
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Insurance Industry News from ProgramBusiness.com
ClickStreamStorefront Owner Lighthouse Underwriters http://www.programbusiness.com/tracking/sftracker.asp?SFid=175 is happy to introduce ClickStream – Internet Liability Coverage for a Connected WorldEligible Classes:
Small and medium-sized cyber risks such as Websites; Website design, development & hosting; Search engines & portals; Private & public networks/exchanges; Internet & application service providers; and E-commerce, including click & mortar.
We Offer:
Hudson Insurance Company "A" rated paper Claims made and reported in writing form Universal coverage territory Limits up to $5 million Minimum premium of $1,500 to $2,500 Minimum retention of $2,500 Defense within the limits Services Covered
Activities performed on Insured’s website Internet or networked activities performed for others Option to write additional services directly into the policy form More Features:
Punitive and exemplary damages coverage, where insurable Coverage for subsidiaries, with more than 50% ownership interest Automatic coverage for new subsidiaries, subject to notice and approval Coverage for specified independent contractors For more information, visit the Lighthouse storefront at http://www.programbusiness.com/tracking/sftracker.asp?SFid=175.