New Markets

Corporate Identity Theft
Nuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa., a member company of American International Group Inc., released AIG Corporate Identity Protection, a policy designed to protect small and mid-sized companies from financial exposures related to identity theft or the threat of identity theft. The policy, which is meant for companies in Main Street industries with revenues up to $100 million or holding up to one million identities, provides coverage when the personal data of employees or customers is compromised, regardless of whether an actual identity theft results. Coverages include legal liability damages; defense costs; regulatory expenses; notification costs; crisis expenses and post event services, including identity theft recovery services, such as education and credit monitoring.

Dollars: $100,000 up to $5 million.
Carrier: American International Specialty Lines Insurance Co. Non-admitted.
States: All. In Alaska and New Jersey the policy is issued by Lexington.
Contact: Peter Tulupman, public relations manager, 212-770-3141 or www.aignationalunion.com, or professionalliability@aig.com.

ID Theft Policy for Individuals and Families
Nuts & Bolts: The American Safety Council has teamed with Travelers Casualty and Surety Company to provide the first stand-alone identity theft insurance policy online.

Dollars: Up to $30,000 for individual and family, $500 per week up to 4 weeks.
Carrier: Rated “A” by A.M. Best. Admitted.
States: Ariz., Calif., Fla., Ill., Ind., Kan., Ken., Md., Mo., Nev., Okla., Penn., Texas, Wash., Wis., (with more states coming soon).
Contact: Brent Gregory, senior vice president, at 407-539-0095 or visit www.IdentityTheftPolicy.com or www.AmericanSafetyCouncil.com.

Sustainable Farm Program
Nuts & Bolts: Midlands Management Corporation, based in Oklahoma City, has launched a sustainable farm insurance program, which it says is a first of its kind, multi-line insurance program for small agricultural farmers following sustainable farming practices. It was developed after field research by the Pennsylvania Association for Sustainable Agriculture. Community supported agriculture operations are acceptable. Coverage features products liability including direct sales to consumers and limited loss of income coverage.

Dollars: Aggregate three times the occurrence limit.
Carrier: Markel Insurance Co., located in Glen Allen, Va. Admitted.
States: Calif., Ill., Maine, Minn., N.Y., Ohio, Okla., Ore., Penn., Ver., Wash., and Wis.
Contact: Roger Park, 800-800-4007; fax, 405-840-5432; sustainableag@midman.com; or visit www.sustainablefarminsurance.com.

Public Entity Professional Liability
Nuts & Bolts: Professional Underwriters, a national program administrator focused on public entities, has a new professional liability program, Provantage PE. Designed specifically for the public entity marketplace, Provantage PE offers brokers and agents access to monoline law enforcement professional, public officials professional/EPLI, and educators’ legal liability/EPLI on a nationwide basis.

Dollars: Up to $ 5 million
Carrier: Rated by “A” IX by A. M. Best. Non-admitted.
States: All except West Va. and N.M.
Contact: Karen Eckert, vice president, municipal programs at 888-855-4782 or by visiting www.ProvantagePE.com.