New Markets

September 6, 2010

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com.

Contractors Preferred Program
Market Detail: Tangram Consulting and Underwriting Services Contractors Preferred Program is a general liability program designed for artisan contractors. The program serves the small to middle market residential and commercial contractors.
Available limits: Minimum $1 million.
Carrier: Unable to disclose, non-admitted.
States: Ariz., Alaska, Calif., Idaho, Mt., Nev., N.M., Ore., Texas, Utah, and Wyo.
Contact: Christina Kerrigan at 707-775-2672 or e-mail: ckerrigan@tangramins.com.

Two Sided Surety Bond
Market Detail: JRSO Inc. offers two sided surety bond/dual warranty for contractors and remodelers. This product warrants that project will be completed by contractor per specs, and also warrants that contractor will get paid. If contractor goes out of business, or fails to finish job, warranty steps in and finishes. Conversely if the contractor finishes the job, and client doesn’t pay, warranty will make final payment to contractor.
Available limits: Minimum $1,000, maximum $500,000.
Carrier: Unable to disclose, admitted and non-admitted available.
States: All.
Contact: Mike Ward at 847-778-7969 or e-mail: Captives@aol.com.

Community Associations D&O
Market Detail: Kevin Davis Insurance Services Inc. provides directors and officers liability for community associations. Coverage protects the directors and officers as well as the association from damages (awards and settlements) and the defense costs resulting from wrongful act allegations and lawsuits. Coverage protects directors, officers, trustees, employees, volunteers and committee members, as well as the community association with a broad definition of claim.
Available limits: Minimum $1 million, maximum $5 million.
Carrier: Travelers.
States: All states except Vt.
Contact: Sherry Branson at 213-833-6190 or e-mail: sbranson@kdins.com.

Product Warranty Insurance
Market Detail: Financial Risk Solutions Inc. has markets for manufacturers, distributors and dealers of various products who are looking to develop an extended warranty program or insure an exisiting self funded one.
Available limits: As needed.
Carrier: Unable to disclose, admitted and non-admitted available.
States: All.
Contact: Morgan James Wilson at 866-674-9503 or e-mail jwilson@financialrs.com.

Insurance Agents E&O
Market Detail: Klinger Associates Inc. has a new program for insurance agents errors and omissions. Will consider agencies of any size. Offers low minimum premiums as well as low minimum deductibles.
Available limits: Minimum $250,000, maximum $5 million.
Carrier: Unable to disclose, non-admitted.
States: All states except Ala., Alaska, Ariz., D.C., La., Mass., N.J., N.M., N.Y., R.I., and Texas.
Contact: Bob Klinger at 317-845-9890 or e-mail: Klinger@klinger-insurance.com.

Commercial Property
Market Detail: National Specialty Underwriters Inc. pspecializes in layered property placement. They can handle both standard risks and those with unusual and hard to place characteristics. Access to domestic and foreign markets, with over 30 carriers to choose from. Will quote all classes of risk, with the exception of petrochemical. Coverage includes: all risk – special perils; standard ISO forms; proprietary forms.
Available limits: As needed.
Carrier: Unable to disclose.
States: All.
Contact: Keith Ross at 561-995-7520 ext. 101 or e-mail: kross@nsui.com.

Flood
Market Detail: North Sea Insurance Co. provides a program that targets small to medium-sized main street businesses such as artisan contractors, retail/wholesale, real estate, restaurants, manufacturing and offices in urban and suburban settings. Marketed through independent brokers.
Available limits: As needed.
Carrier: North Sea Insurance Co.
States: N.J., N.Y., and Pa.
Contact: Robert Boyle at 516-825-2800 or e-mail: rboyle@north-sea-ins.com.

Transportation
Market Detail: Innovative Risk Management offers AVERT, an alternative transportation market. Clients have seen improvements in safety, fuel cost and maintenance by implementing this program. AVERT also has tools that aid in compliance with CSA 2010. Clients with losses eligible and target account is 20-400 vehicles yet others may qualify.
Available limits: As needed.
Carrier: Unable to disclose, admitted.
States: Ala., Ark., Calif., Fla., Ga., Miss., N.C., Okla., Ore., S.C., Tenn., Texas, and Wash.
Contact: Chris Lovisone at 972-518-1577 or e-mail: clovisone@innovative-risk.com.

Submit your company’s property/casualty markets to the industry’s leading searchable database at www.mynewmarkets.com.

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Insurance Journal Magazine September 6, 2010
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