What’s New: In Brief (June 15, 2009)

ACE Canada has launched an errors and omissions product designed for the Canadian technology market.
ACE DigiTech digital technology and professional liability insurance program offers up to Cdn$20 million in limits and provides comprehensive, technology-based, professional liability coverage and related network security, privacy protection and cyber extortion coverage, an ACE release says.
The product includes coverage for liability arising out of the abuse of computer networks and the loss of sensitive customer or business partner information. Privacy liability coverage extends to hacker attacks and the unintentional release of information, as well as the cost of combating post-breach stakeholder fallout, the release continues.
ACE DigiTech will also provide a data breach fund to cover the insured’s expenses to notify customers whose personal information has been compromised. This fund covers such costs as legal, public relations and crisis management services to restore a company’s reputation, it adds.

York Fire and Casualty Insurance has teamed with the Canadian Council of Snowmobile Organizations (CCSO) to create a snowmobile insurance product.
Power Sports Insurance Solutions provides personal sled insurance protection through local brokers and is ready to launch in Ontario.
Over the next year or two, the program will be available across Canada. It will also offer coverage for motorcycles, ATVs, boats and RVs.