My New Markets

Hacker – Virus – Cyber Invasion

Nuts & Bolts: USX/S is offering coverage for cyber invasions against systems (first party) or for companies blamed for an attack against another party (third party). Breach of security, permissive user breach for unauthorized purposes, introduction of destructive or fraudulent code, threat to introduce fraudulent or destructive code for the purpose of extortion.

Dollars: $500,000 to $1 million.

Carrier: Rated “A” by A.M. Best. Admitted.

States: All.

Contact: Dave Stahl at 440-888-7300 or e-mail DaveS@USXS.net.

Community Associations, Condos, Co-ops

Nuts & Bolts: Ian H. Graham, with underwriting partner, CNA, has created a product for the community association industry. The process of renewing and submitting business has been simplified. Rapid renewal application quotations are sent on each risk. On verification, the one page document is signed, dated and faxed back. Immediately upon receipt of the request to bind, the policy and invoice are issued. New business is quoted within 24 hours.

Dollars: Up to $5 million.

Carrier: CNA rated “A” by A.M. Best. Admitted.

States: All.

Contact: Adam Collins at 818-655-1315 or e-mail adam_collins@ianhgraham.com

Political Campaign Committees

Nuts & Bolts: AI Risk Specialists Insurance Inc., a brokerage subsidiary of American International Group Inc., introduced LexElect, a multi-line insurance program to address risks faced by U.S. Senate, U.S. House of Representatives and gubernatorial campaign committees. The coverage includes: general liability; ID theft; hired and non-owned auto liability; host liquor liability; employment practices liability; employee dishonesty/crime; and property. It also includes liability insurance for fund raising events.

Dollars: $1 million per occurrence/$2 million aggregate.

Carriers: Lexington rated “A+” XV by A.M. Best. Non-admitted.

States: All.

Contact: Patti Craig at 225-709-8551 or e-mail patti.craig@aig.com.

Hotel Package

Nuts & Bolts: Next Wave Hotel Program is offering a package to qualifying hotels and motels on either an admitted and non-admitted basis. The program is ideal for well-managed franchised and non-franchised hotels and motels with favorable loss experience. All coverages are available as a package or individually.

Dollars: $1 million/$2million, general liability.

Carrier: Rated “A-” by A.M. Best. Admitted.

States: All except Alaska and Hawaii.

Contact: Edgar Salcedo at 619-232-3900, ext. 101 or e-mail esalcedo@nextwaveins.com.

MGAs/Wholesalers

Nuts & Bolts: Rockwood is offering MGA/Wholesaler/Program Manager errors and omissions.

Dollars: $1 million to $5 million.

Carrier: Inter-Hannover rated “A-” by A.M. Best. Admitted and non-admitted.

States: All.

Contact: Glenn Clark at 302-765-6001 or e-mail glenn.clark@rockwoodinsurance.com.

Security Guards, Private Investigators, Adjusters, Alarm Companies

Nuts & Bolts: AMIS/Alliance Marketing & Insurance Services has now expanded its markets to include limits up to $5 million and then to $10 million. AMIS provides some coverages, which include: general liability, errors and omissions, loss key, care custody and control, extended PD, excess/umbrella, workers’ compensation, commercial auto and property.

Dollars: $5 million to $10 million.

Carrier: Travelers rated “A+” XV by A.M. Best. Admitted.

States: All except Alaska and Hawaii.

Contact: Bill West at 800-843-8550 or e-mail bwest@amiscorp.com.

Miscellaneous Medical Malpractice

Nuts & Bolts: NAS Insurance Services now has a new excess liability facility providing miscellaneous medical malpractice. Excess terms will be quoted automatically to all NAS primary applicants who seek either a miscellaneous medical policy or a social services policy.

Dollars: $5 million per occurrence/$5 million aggregate.

Carriers: Houston Casualty Co. rated “A+” XII by A.M. Best. Admitted. Lloyds of London rated “A” by A. M. Best. Non-admitted.

States: All.

Contact: Dave Leventhal at 818- 808-4464 or e-mail dleventhal@nasinsurance.com.