My New Markets

September 4, 2023

Residential Investor Property

Market Detail: Denali Specialty Group LLC offers comprehensive commercial insurance for residential investor property schedules. Targeting dwellings, including student housing and apartments. Package policy offering includes builders risk and vacant coverage capability. The program is national in scope. Denali market is exclusive with in-house underwriting authority.

Available Limits: Not disclosed.

Carrier: Accelerant Specialty; non-admitted; rated A- by AM Best.

States: Available in 50 states plus District of Columbia.

Contact: Kerri Senger; ksenger@denali-specialty.com; 314-369-2152.

Coastal Condo Associations

Market Detail: CHAMP, built by NSM Insurance Group, is a package program tailored to coastal, wind-exposed condominium associations. We have a 16-year track record of providing wind capacity to the coastal condo market. Our program is available in all states from Maine through Texas. Key coverages: property (wind damage included); property coverage enhancement endorsement; general liability; cyber liability; business income; equipment breakdown; crime; hired and non-owned auto. Territories: East Coast — all states; Gulf Coast — all states. Submission requirements: Acord applications; CHAMP supplemental application; three years currently valued loss runs. Highlights: Backed by top-rated national carriers; in-depth industry expertise; one policy form; in-house underwriting and service. Has pen; appointment required.

Available Limits: Not disclosed.

Carrier: Admitted; rated A- or better by AM Best.

States: Available in Alabama, Connecticut, Delaware, Florida, Georgia, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, Rhode Island, South Carolina, Texas, Virginia.

Contact: NSM Insurance; nsmmarketing@nsminc.com; 800-970-9778.

Truckers GL and Motor Truck Cargo

Market Detail: Joseph Krar & Associates Inc.’s truckers GL product offers liability coverage for non-toxic and non-hazardous commodities truckers (99793). Insured must carry primary commercial automobile coverage package with property and/or inland marine. General commodity trucker: $495 minimum premium, $0 minimum deductible. Available coverages that may be added include specified additional insured form, waiver of subrogation, primary and non-contributory. Available for an additional premium: limited loading/unloading option (other than personal property in CCC).

Available Limits: Primary limits up to $2 million/$4 million/$4 million, when required by written contract.

Carrier: Not disclosed.

States: Available in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island.

Contact: Email Receiver; emailrec@jkrar.com; 860-628-3967.

LTC Facilities with Special Units

Market Detail: Magnolia LTC Management Services Inc. offers PL/GL coverage for LTC facilities and can assist you with placement in CCRRG. Magnolia LTC Management Services (Magnolia) is the exclusive program manager and responsible for the daily operations of Continuing Care Risk Retention Group (CCRRG). CCRRG is a mutual insurance company that offers PL and GL Insurance for LTC facilities. This is a member owned program with superior performance, service and expansive coverage with competitive rates. New brokers welcome. Highlights: general and professional liability package policy; two GL & PL policy form options available — claims made, claims paid — typically less expensive and exclusive to CCRRG brokers; deductible and SIR options available; per location aggregate – subject to U/W approval; prior acts available; very competitive rates; new ventures considered with appropriate prior experience; accounts with a “shock loss” considered with acceptable documentation; sexual misconduct (no sub-limit); no joint and several liability; defense outside the limits – subject to U/W approval; excellent risk management service provided — including “on-site” risk assessment visit(s); CCRRG members have exclusive access to Magnolia Analysis Risk System (MARS) — provides valuable tools, policy and procedures and other helpful information for LTC Facilities — including 53 hours of approved continuing education (administrator LVN/LPN, CNA/NA for employees’ licensure requirements) at no additional cost. Coverage available in all states upon underwriting approval. Has pen.

Available Limits: Standard liability limits of $1 million/$3 million; $2 million/$4 million limits – subject to U/W approval; lower limits may be available upon request.

Carrier: Continuing Care, a Mutual Insurance Company.

States: Available in 50 states plus District of Columbia.

Contact: Steve Ottenbrite; sottenbrite@magnolialtc.com; 707-571-7430.

Historic Property Coverage

Market Detail: National Trust Insurance Services LLC offers coverage for historic properties. The role of NTIS is to be an advocate for our historic property customers. We work directly with insurance carriers to uncover underwriting concerns and resolve them. We see problems as opportunities, and work to develop solutions that satisfy the needs of both parties. Our clients range from historic property owners, to turn-of-the-century Victorian house museums, to nationally recognized theatres, art and cultural institutions. Appointment required.

Available Limits: Not disclosed.

Carrier: Not disclosed.

States: Available in most states plus District of Columbia; not available in Alaska and Hawaii.

Contact: Joslyn Hayes; info@nationaltrust-insurance.org; 800-451-0701.

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Insurance Journal Magazine September 4, 2023
September 4, 2023
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