New Suite of Products for Terrorism Coverage Now A

PRINCETON, ON, Oct. 17, 2017 (GLOBE NEWSWIRE) -- Frank Cowan Company, a leader in providing insurance, risk and claims management solutions for public entities and specialty organizations, has launched a newsuite of terrorism products that will be available to new and existing clients effective October 16, 2017.

Larry Ryan, President of Frank Cowan, commented: “Anyone watching the news can understand why municipalities and organizations such as health units and schools would want to explore terrorism coverage. It’s hard to predict where vulnerabilities can occur from one month to the next. This suite of coverages helps to transfer some of that risk via an insurance product”.

Managing terrorism risk today requires a multitude of strategies to protect people, property, reputation and finances. The changing pattern of terrorism risk has some organizations questioning whether they are adequately insured, which is why Frank Cowan Company partnered with XL Catlin Syndicate 2003 at Lloyd’s, a market leader in providing terrorism risk solutions, to offer four new products.

Clients will have the option to select one, or a combination of the following coverages:

• Active Assailant Event Insurance
• Chemical, Biological, Radiological and Nuclear Insurance
• Terrorism Property Insurance
• Terrorism Liability Insurance

According to the publicly-accessible Canadian Incident Database that tracks information on terrorism and extremist crime incidents since 1960, 1411 events have occurred in Canada with event types ranging from unarmed assault, bombing/explosion and facility/infrastructure attacks.

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About Frank Cowan Company

Frank Cowan Company is a Canadian leader in providing specialized insurance programs, including risk management and claims services for municipalities and public service, healthcare, education, community, children’s and social service organizations across Canada.

For additional information about Frank Cowan Company, visit www.frankcowan.com.

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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...8ec88b25d6

Caryn McLean, Manager, Marketing & Communications Frank Cowan Company 1-800-265-4000 ext. 55344 caryn.mclean@frankcowan.com