The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic occurrence; and what effect, depending on the …
Like life itself, insurance began in the ocean, eventually spawning like the varius land-based descendents we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now comprise our notion of what the industry is all about, their single …
Nuts & Bolts: East-West Connection Inc. of Washington Township, N.J., is offering a new market for specialty programs. Dollars: Has program volumes of $2 million to $5 million; policy limits up to $1 million. Carrier: A.M. Best “A” rated. States …
Nuts & Bolts: ACE Tempest Re USA Inc. joined forces with The Hartford Financial Service Group’s HartRe subsidiary to offer workers’ compensation catastrophe coverage. Dollars: Limits offered are up to $20 million, including $10 million each from ACE Tempest Re …
Nuts & Bolts: Union General Insurance Services Inc. has available property coverage for all types of small and medium-sized commercial risks. Coverage is also available for vacant dwellings and builders’ risks. Property is competitively priced and includes a wide selection …
Nuts & Bolts: Ranger Insurance is offering a program for natural gas utilities. Available to all agents. Endorsements—vary. Ranger does not write workers’ comp. Dollars: Up to $5 million liability – general liability, auto, umbrella. Deductibles on property are $500, …
Nuts & Bolts: J.E. Brown & Assoc. is offering a high value/high risk HO3 program. Available on a brokerage basis. Dollars: Policy limits of $300,000—no max. Deductibles of $500, $1,000, $2,500, plus. Minimum premiums of $1,000. Carrier: Lexington Insurance Co. …
Nuts & Bolts: Regency Pacific Insurance Services has available a workers’ compensation program. Appointment as a broker. Dollars: Various minimum premiums. Carrier: Everest National. Admitted. Rated “A+ XIII.” States Available: California. Contact: Jane Hartsook, (888) 782-9887
Nuts & Bolts: M.J. Hall & Co. has available a homeowners & condo association program. Available on an appointment basis. Company is MGA for program. Dollars: Policy limits of $3,000,000, no deductibles, minimum premiums of $1,000. Carrier: Scottsdale Insurance Co. …
Nuts & Bolts: Cascade/Amstar has available a medical malpractice program. Appointment only—inquire. Classes include physicians and surgeons, anesthesiologists, dentists, podiatrists, medical clinics, labs, clinical trials, ambulance services, EMT and physicians assistant. Endorsements—claims made, prior acts can be included. Dollars: Policy …
