'Violent crime rider' targets AD&D. (accidental death and disability insurance)

National Underwriter Life & Health-Financial Services Edition, September, 1994 by Koco, Linda

CIGNA Re is offering employers a violent crime rider for its accidental death and disability insurance (AD&D) that covers employees 24 hours a day, unlike most other felonious assault riders that only cover harm done during work. Group AD&D primary insurers can offer the plan, which includes a death benefit up to $100,000, and a $100 per day hospital benefit, and has no minimum group size.

Violent crime is a concern for many businesses, and a number of them do want to provide coverage for the harm it causes to employees, according to CIGNA Reinsurance: Life, Accident, Health, a division of CIGNA Corp.

However, many have been reluctant to purchase such coverage, says William E. Neff III, director-group life and AD&D underwriting at the Hartford, Conn....

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