high net worth homeowners News

Maritime Program Group Launches Non-Admitted Homeowners Program

Maritime Program Group (MPG) has launched a new non-admitted homeowners program offered through its Private Client Services division. According Brian Botwinick, VP of Private Client services, the product is backed by Lloyds of London. The program is available nationally, including …

Ironshore Establishes Private Client Group, Launches Coverage in Select States

  Ironshore Inc. has established a dedicated Private Client Group to introduce its new insurance plan, the Ironshore Private Insurance Portfolio. Ironshore’s personal lines policy will be available for high net worth homeowners with properties valued in excess of $1 million. …

AIG Launches Insurance for Couture, Designer Wardrobe Collections

AIG Private Client Group, a division of American International Group, Inc. that serves high net worth policyholders, has introduced wearable collections coverage, a specialized insurance product for couture and designer wearable collections. The new couture product offers coverage not typically …

PURE Insurance Expands Southeast Regional Hub in South Carolina

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer of high net worth individuals and families, has expanded its southeast regional hub in Charleston, S.C. To accommodate PURE’s growth, the company has moved offices to the newly-renovated Cigar …

Ironshore Launches Umbrella Coverage up to $5M for High Value Homeowners

Ironshore Personal Lines is now offering a new umbrella program for high net worth homeowner insureds, with properties valued in excess of $1 million, as complementary liability coverage for losses due to unforeseen legal actions. Ironshore Personal Lines’ umbrella program …

Ironshore Launches Security Endorsement for High Net Worth Insureds

Ironshore Personal Lines is introducing a Home and Family Security Endorsement to its High Value Homeowner Program to broaden coverage for losses arising from random attacks or situations impacting high net worth families.  Designed to meet the needs of high …

MarketScout Launches New High Net Worth Underwriting Facility

MarketScout, the national electronic insurance exchange and specialty MGA, has expanded its specialty high net worth underwriting practice with the addition of a new non-admitted $3.1 billion facility targeting agents with specialty expertise in the high net worth homeowners segment. …

Crestbrook Insurance Expands High Net Worth Products to Missouri

Crestbrook Insurance Co., an affluent market personal lines carrier from Nationwide, has expanded into Missouri. Independent insurance agents and brokers appointed with Crestbrook are now able to offer its products and services to their affluent clients in the state. Crestbrook …

Crestbrook Insurance Expands Into Colorado

Crestbrook Insurance Co., an affluent market personal lines carrier from Nationwide, has expanded into Colorado. Independent insurance agents and brokers appointed with Crestbrook are now able to offer its products and services to their affluent clients. Crestbrook provides offers coverage …

Chubb Sued for $60M by Owners of Ohio Mansion Destroyed by Fire

The owners of a southwest Ohio mansion that burned to the ground last year are suing their insurance company for almost $60 million for allegedly not honoring their claims. Court documents show homeowners Jeffrey and Maria Decker filed the lawsuit …