Tom Wilson, president of WKF&C Agency, Inc., has announced that his firm will be offering earthquake deductible buybacks from an A.M. Best-rated “A” admitted carrier. With all construction types entertained, this coverage has a minimum premium of $2,500 with limits up to $500,000. Minimum retention is 1 percent of the property value or $5,000, whichever is greater. Premiums are based on the covered structure’s age, construction, location, soil conditions and other factors. Eligible risks include, but are not limited to: apartments, office and industrial buildings, private schools, residential, shopping centers, and malls.
“We’re excited to offer this new coverage, which will cover the deductible of a commercial or residential earthquake insurance policy,” said Wilson. According to Wilson, the coverage is currently available in California, Oregon and Washington.
WKF&C Agency Inc. is a New York-based MGA in the excess and surplus lines marketplace.
Source: WKF&C Agency Inc., www.wkfc.com
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
