New Markets

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

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 (212) 770-3141 or e-mail www.aignationalunion.com or professionalliability@aig.com.

International D&O Liability
Nuts & Bolts: The AIG Companies introduced AIG Passport, an enhanced service process for corporate clients purchasing locally admitted directors and officers’ liability insurance to cover their international operations and subsidiaries. AIG Passport provides customers with the opportunity to request from an AIG Companies’ underwriter a global D&O program letter that details terms and conditions of the base D&O policy and one or more locally admitted policies, written in the local language and compliant with specific local laws and regulations. AIG Passport is available for international operations and subsidiaries in more than 75 countries.

Dollars: Limits up to $50 million; each account underwritten according to its unique risk profile. Premium dollars are allocated appropriately depending on how many and which countries are selected for the program.
Carrier: AIG Companies, varies by country and jurisdiction. Admitted/non-admitted.
States: All.
Contact: Stephen Whelan at (212) 458-2526 or stephen.whelan@aig.com.

Utility District Program
Nuts & Bolts: London American Risk Specialist Inc. is offering a utility district program. This program is designed for populations 75,000 and under and targets: electric distribution, gas distribution, water distribution, sewage/waste water systems, and electric generating plants or any combination of above services.

Dollars: $1 million (occurrence) to $2 million (aggregate).
Carrier: Rated “A+” XV by A.M. Best. Admitted.
States: Ala., Ark., Fla., Ga., Ill., Ind., Ken., La., Mich., Mo., Miss., N.C., S.C., Ohio, Tenn., Texas and Va.
Contact: Larry Vickery, (800) 448-7188, ext. 306 or lvickery@londonamericantx.com or Carol Griffin (800) 448-7188, ext. 301, cgriffin@londonamericantx.com.

ElderCare Legal Expense Reimbursement
Nuts & Bolts: U.S. Risk Underwriters, a specialty lines underwriting manager and wholesale broker, today announced that it has introduced a new ElderCare Legal Expense Reimbursement policy for long-term care facilities, including skilled care, assisted living and continuing care retirement communities. The policy reimburses these facilities for certain legal expenses that may be incurred in defense of a professional or general liability claim caused by a medical incident, event or offense.

Dollars: Limits up to $250,000.
Carrier: Rated “A” by A. M. Best. Non-admitted.
States: All except Fla., Miss. and Alaska.
Contact: U.S. Risk Underwriters in Dallas at (800) 952-7738, Metro DC at (800) 948-5800 or Houston at (800) 833-8803.

Professional Liability Program
Nuts & Bolts: Professional Underwriters, a national program administrator focused on public entity insurance, announces the launch of their 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 W. Va. and N.M.
Contact: Karen Eckert, vice president, municipal programs at (888) 855-4782 or by visiting www.ProvantagePE.com.