Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today that Allied World U.S. has launched a new admitted Lawyers Professional Liability product: Allied World LPL Assure SM.
LPL Assure addresses many key needs facing law firms today, including provisions specifically addressing Privacy and Network Security Wrongful Acts, with coverage up to the full policy limit for no additional premium. In addition, LPL Assure provides $25,000 of supplemental privacy coverage for Credit Monitoring, Notification, Crisis Management and Data Forensics (certain restrictions apply). Beginning with effective dates of January 2014, Allied World U.S. will start accepting applications for firms with up to 50 attorneys.
Al Fantuzzi, Senior Vice President, Professional Liability, Allied World U.S. stated, “The release of LPL Assure builds upon Allied World’s decade-long track record of serving the Lawyers Professional Liability marketplace. We are confident the newest version of our Lawyers Professional Liability offering will help Allied World increase our footprint in a line of business we are excited to continue growing.”
Joe Labieniec, Vice President, Professional Liability, Allied World U.S. added, “We are excited to announce the launch of Allied World’s latest admitted Lawyers Professional Liability product. Allied World continues to respond to an evolving Lawyer’s Professional market, providing needed coverage solutions while maintaining superior claims and risk management service.”About Allied World Assurance Company Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's and Fitch.