Monthly Archives: <span>March 2002</span>

Erie Faces Class Action Lawsuit on Auto Parts

Erie Insurance Exchange and the Erie Insurance Group are facing a class action lawsuit over the use of replacement auto parts similar to the action brought against State Farm in Illinois which resulted in a multi-million dollar judgment that’s now …

D&O for Biotech

Nuts & Bolts: Monitor Liability Managers Inc., a member of W.R. Berkley Corporation, has partnered with the Biotechnology Industry Organization (BIO) to provide D&O to the biotech industry. The BIO-Monitor D&O program is available through all Monitor appointed brokers. In …

Disaster Recovery

Nuts & Bolts: Financial Risk Specialists Inc. of Indianapolis, Ind., introduced DIREC, a new disaster recovery insurance product for debris removal. DIREC provides municipalities, cities, states and in some cases corporations, insurance coverage for debris removal in areas declared by …

Auto Loan/Lease Payoff

Nuts & Bolts: Progressive Insurance is offering loan/lease payoff auto coverage in Texas. Also known as “gap” insurance, loan/lease payoff coverage pays the difference between what a policyholder owes on his or her vehicle and what the comprehensive or collision …

Terrorism

Nuts & Bolts: First Premium Insurance Group of Covington, La., is offering a terrorism policy. Available by appointment only. Dollars: Policy limits to $5 million. Carrier: THB/Lloyd’s, rated “A.” Non-admitted. States Available: All states. Contact: Ricky Jenkins, (800) 256-2171

Manufactured Homes

Nuts & Bolts: First Premium Insurance Group is offering a manufactured homes program, by appointment. Dollars: Policy limits to $150,000; deductibles $250/$500. Carrier: Lloyd’s, rated “A.” Non-admitted. States Available: Louisiana, Alabama and Mississippi. Contact: Ricky Jenkins, (800) 256-2171

Non-franchised Used Car Dealers

Nuts & Bolts: DMI Insurance Services Inc. is offering a program for non-franchised used car dealers. Appointments are required. Seeking to form long-lasting, mutually beneficial partnerships with producers that are garage specialists with books of garage business and a proven …

Real Estate Agents E&O

Nuts & Bolts: Cascade/Amstar has available a program for Real Estate Agents E&O. Endorsements – Sellers’ E&O Coverage, Construction/Development Coverage, Escrow Agents Coverage, Mortgage Brokering, Property Management and Commercial Coverages. Brokerage Business. The program is designed primarily for residential real …

Terrorism Policy

Nuts & Bolts: First Premium Insurance Group Inc. is offering a program for terrorism policies. Dollars: Policy limits of $5,000,000. Carrier: THB/Lloyd’s. Rated “A.” Nonadmitted. States Available: All. Contact: Ricky Jenkins, (800) 256-2171

NFIP Alternative Flood Program

Nuts & Bolts: First Premium Insurance Group Inc. has available an NFIP Alternative Flood Program. Dollars: Policy limits of $1.5 million. Carrier: Lloyd’s of London. Rated “A.” States Available: All except Hawaii and New Jersey. Contact: Ricky Jenkins, (800) 256-2171