XL Group Expands Inland Marine Offerings With New Motor Cargo Truck Coverage Solutions PR Newswire HARTFORD, Connecticut, May 21, 2013 HARTFORD, Connecticut, May 21, 2013 /PRNewswire/ -- XL Group is boosting its inland marine business with the addition of its Motor Truck Cargo Coverage Solutions, customizable coverage for mid-to-large size trucking operations in North America. According to Anne Marie Elder, Chief Inland Marine Underwriting Officer of XL Group's North America Marine group, "When we set out to profitably build an inland marine book of business, we did not intend to do it like every other market. We are expanding our inland marine product offerings with market-leading policies like our new motor truck cargo coverage. As a result of investigating available policies and listening to what our brokers and insureds suggested, the result is a comprehensive form to help deliver a customized solution for our clients' specific needs". "Motor Truck Cargo Coverage Solutions is an extremely flexible and easy-to-understand product. We can easily tailor our coverage to meet individual insured needs, including flexible limits for 23 additional coverages, 22 optional endorsements, multiple reporting options and payment plans," said Alexander McGinley, XL Group's Vice President for Inland Marine. "Coverage is available on a full policy limit, primary, excess and participation using either admitted or non-admitted paper. Among the 23 coverages included are: oContract Penalty oEmployee Tools and Work Clothing oExpediting Expense oExtra Expense oFire Protection Systems oFreight Charges oLoss Adjustment Expenses oProperty That Supports Your Business, including accounts receivable; equipment used to service Covered Property; computer equipment, media, data, including while on-board and off-board a vehicle; valuable papers and records; tenants, improvements and betterments; office furniture and supplies; moving equipment, including barrels, binders, burlap, cartons, chains, covers, dollies, forklifts, hand trucks, lift trucks, pads, pallets, reusable packing containers, skids, and tarpaulins; expendable supplies that support Covered Property; other business personal property; and other scheduled property oPublic Emergency Service Charges oRight and Duty to Defend oReimbursement for Returning Stolen Property oShippers Control of Damaged Goods oUnintentional Erros and Omissions oVirus, Harmful or Similar Instructions Among the 22 optional endorsements are: oContingent Coverage for Freight Forwarders and Brokers oDestination Market Value oEmployee Theft oSingle Deductible Across Multiple Coverage Forms oCargo Rust or Corrosion Protection oTemperature Control System Breakdown Coverage XL Group's Motor Truck Cargo Coverage is provided by XL Specialty Insurance Company (admitted) and Indian Harbor Insurance Company (nonadmitted). About XL Group plc's Insurance Operations XL Group plc's insurance companies offer property, casualty, professional and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. To learn more, visit xlgroup.com/insurance About XL Group plc XL Group plc (NYSE: XL), through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. XL is the company clients look to for answers to their most complex risks and to help move their world forward. Its principal offices are located at No.1 Hatch Street Upper, 4^th Floor, Dublin 2, Ireland. To learn more, visit xlgroup.com XL Group is the global brand used by XL Group plc's insurance and reinsurance subsidiaries. SOURCE XL Group Website: http://xlgroup.com/insurance Website: http://www.xlgroup.com Contact: Christine Weirsky, Media Relations, +1-610-968-9395
XL Group Expands Inland Marine Offerings With New Motor Cargo Truck Coverage Solutions
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