Preferred/Standard Homeowners and Dwelling Fire
Nuts & Bolts:
Rocklin, Calif.-based, Abram Interstate Insurance Services Inc. has a new preferred and standard homeowners and dwelling fire market with Travelers Ins. Co. Tailored endorsements include additional coverage endorsement, value added plus, high value plus and identity theft; 150 percent extended dwelling replacement available, 70 percent contents replacement included. Older dwellings are accepted with updates in the last 25 years. Also available are HO-4, HO-6, COC, and stand-alone dwelling fire.
Dollars:
Limits are available from $100,000 and up on approval. No minimum premiums and deductibles range from $500 to $5,000.
Carrier: Travelers Ins. Co. rated "A, XV" by A.M. Best, admitted.
State Available:
California.
Contact:
Kathleen Henderson, (916) 780-7000 or kathleenh@abraminterstate.com.
Computing Technology Industry
Nuts & Bolts:
Aon announced it is the program administrator for a Computing Technology Industry Association-sponsored insurance program tailored to address the evolving needs of technology companies. The program provides insurance coverage and risk management services to technology companies of all sizes. "Wired for Growth," a division of Aon's Affinity Insurance Services Inc., will administer the program, which will be brokered through multiple underwriters. Participating companies will have access to insurance coverage such as technology errors and omissions, network risk, directors and officers liability, crime, employment practices and transit/cargo policies. In addition, more traditional property and casualty products are also available.
Contact:
Thaddeus Woosley, (312) 381-2446, Thaddeus_woosley@aon.com.
Expanded Excess Surety Bond Capacity
Nuts & Bolts:
The Chubb Group of Ins. Co. introduced its new "SuretyPlus" product, which can provide up to $250 million in excess surety bond protection for projects over $500 million. It is designed to enable qualified construction firms and consortiums involved in a variety of projects, from roads to commercial buildings and power plants, to provide project owners with performance and payment bonds of up to $250 million in excess of a minimum of $500 million of primary bond limits. The product is available to retail agents and brokers through Atlantic Star Intermediaries LLC, an insurance broker specializing in the construction and real estate industries.
Dollars:
Premiums vary according to the risk. There is no deductible.
Carrier:
Federal Ins. Co., Vigilant Ins. Co. or Pacific Indemnity Co., all admitted.
States Available:
All.
Contact:
Nate Lampard, (212) 233-5015 or nlampard@atlstar.com. Bob Kelly, (908) 903-4584 or rgkelly@chubb.com.

