New Markets
Excess Auto Liability
Nuts & Bolts: Freberg Environmental Inc. has announced an excess automobile liability program. The program is designed to provide excess limits more than FEI’s hazardous material and hazardous waste trucking program with Arch Insurance Group. The Arch program provides a maximum limit of liability of $1 million. With the addition of the excess program FEI has the capacity to offer $5 million in limits of liability to hazardous material and hazardous waste trucking accounts.
Dollars: $1 million to $4 million. Minimum premium $7,500.
Carrier: Nonadmitted, AM Best rated.
States: Ala., Ark., Ariz., Calif., Co., Conn., Del., Fla., Ga., Hawaii, Idaho, Ill., Ind., Iowa, Kan., Ky., Maine, Md., Mich., Minn. Miss., Mo., Neb., Nev., N.H., N.J., N.M., N.C., N.D., Ohio, Okla., Ore., Pa., R.I., S.C., S.D., Tenn., Texas, Utah, Vt., Va., Wash., D.C., W.Va., and Wyo.
Contact: John Fusie, assistant vice president, transportation manager, (303) 534-1171 or e-mail, www.feiinsurance.com.
Contingent Auto and Cargo Liability
Nuts & Bolts: Greenwich Transportation Underwriters Inc. offers coverage for contingent auto liability and contingent cargo for truck brokers.
Dollars: Up to $1 million. Deductible, none on auto/$1000 with options on cargo.
Carrier: Two nonadmitted carriers.
States: Ak., Ala., Ark., Ariz., Calif., Co., Conn., Del., Fla., Ga., Hawaii, Idaho, Ill., Ind., Iowa, Kan., Ky., La., Maine, Md., Mich., Minn. Miss., Mo., Mont., Neb., Nev., N.H., N.J., N.M., N.Y., N.C., N.D., Ohio, Okla., Ore., Pa., R.I., S.C., S.D., Tenn., Texas, Utah, Vt., Va., Wash., D.C., W.Va., Wis., and Wyo.
Contact: Jim Savage, vice president marketing, (800) 488-8852, or e-mail jsavage @gtu-ins.com.
Architect, Engineer E&O
Nuts & Bolts: NAS Insurance Services Inc. is now offering architects and engineers errors and omissions insurance through qualifying wholesale brokers. Target classes include, but are not limited to, Architects/Building Design, Civil Engineers, Construction Staking, Electrical Engineers, HVAC, Interior Designers (industrial), Land Surveyors, Landscape Architects, Mechanical Engineers, and Process Engineers.
Dollars: Limit options up to $5 million are available. The minimum premium and minimum deductible are $5,000.
Carrier: Lloyd’s, rated “A+,” nonadmitted.
States: This coverage is available in all states except Alaska.
Contact:: (818) 382-2030.
Liquor Liability Program
Nuts & Bolts: Geo. F. Brown & Sons Inc. is offering a liquor liability package program for all classes serving alcoholic beverages including bars and taverns, restaurants, private clubs, retail stores, special events, adult entertainment and nightclubs. The new program also covers risks with late close exposure. It contains special rating considerations and improved rates for restaurants, private clubs and retail stores, as well as enhanced credit for loss experience, server training, cab-assist programs and neighborhood locations.
Dollars: General liability limits are up to $1 million/$2 million and the deductible is $500. Liquor liability limits are $1 million/$2 million, no deductibles.
Carrier: RSUI Group Inc.
States: Ariz.
Contact: Bill Casey, (312) 258-3057, wcasey@gfbgroup.com
Towing and Recovery Program
Nuts & Bolts: BISYS is the program manager working with Universal Casualty Co. to insured professional towing and recovery operators. The program insures towing operators and towing operators with service garages or body shops. The program prohibits insuring re-possessors, salvage yards or garages where the primary operation is something other than towing. The package includes; auto liability and physical damage, garage keepers, general liability, on hook cargo and inland marine. The program is approved in 17 states and more state approvals are pending.
Non-Admitted: Texas, Wis.; binding authority rests with BISYS.
Dollars: From $300,000 to $1million CSL
Carrier: Universal Casualty Co. rated “A-,” VII.
States: Ala., Ariz., Del., Hawaii, Ill., Ind., Iowa, Miss., Mo., N.D., Ohio, Okla., Ore., Pa., S.C., Texas, Vt., and Wis.
Contact: Lynn Roach, vice president program manager (866) 754-7658 ext. 3240, or e-mail towing@bisys.com.
Medical Malpractice
for Prison Physicians
Nuts & Bolts: U.S. Risk Underwriters Inc. offers medical malpractice coverage for prison physicians.
Dollars: Policy limit $1 million per occurrence/$3 million aggregate. Deductible is $15,000.
States: All states except: Ind., Kan., La., N.M., N.Y., Pa., S.C., and Va.
Contact: Michael L. Davis, executive vice president, branch manager, (480) 922-4441 or e-mail, miked@usrisk.com
Flood Insurance
Nuts & Bolts:The Chubb Group of Insurance Companies has introduced Personal Flood Insurance to help homeowners protect their homes and possessions from damage due to one of the most common and costly natural disasters. The policy, offered with limits up to $15 million for a home and its contents, provides significantly broader coverage than what is currently available through the National Flood Insurance Program (NFIP). Nearly all homeowners insurance policies exclude flood losses. With Chubb’s policy, coverage is available in most flood zones, and “flood” is more broadly defined to include losses confined solely to the policyholder’s premises, for example, it offers greater coverage for basements, the most flood-prone part of a home.
Dollars: up to $15 million in property coverage, including home and possessions.
Carrier:Chubb has partnered with South Pasadena, Calif.-based WNC First Insurance Services to manage the administration of its new flood insurance product.
States: All.
Contact: www.chubb.com/personal.
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