New Markets

September 4, 2006

Mining Program

Nuts & Bolts: Casualty & Surety Inc. (CSI), a specialty MGA, has been granted underwriting authority for a new National Mining Program. CSI will be able to write coverage for general liability, auto, property and inland marine. Additionally, CSI can write these coverages through various other carriers, plus Employers Liability, Umbrella Liability, and Workers’ Comp. The program is available in all 50 states and to all types of mining companies, including coal, aggregates and hard rock, mining for both surface and underground operations, as well as the various processing facilities.

Dollars: $1 to $2 million. On the property side can be written up to $10 million per location.

States: All.

Carrier: Rated “A” FSC XV by A.M. Best. Admitted and non-admitted.

Contact: Jim Godfrey, 205-995-0713 or e-mail at igodfrey@csiapex.com.

Third Party Harassment and Discrimination Product

Nuts & Bolts: Monoline third party harassment and discrimination coverage is being offered by Quadrant Insurance Managers. This covers businesses for discrimination, harassment and wrongful eviction committed by an employee against a customer or member of the public.

Small to mid-size businesses with high public/customer interaction such as hospitality, banking, restaurant, retail, higher education and health care are some of the targeted industries.

Dollars: $1 million aggregate. Minimum premium, $5,000.

States: Available in most states.

Carrier: Rated “A” by A.M. Best.

Contact: Doug Ruml, product manager at 614-841-1425 or by e-mail at: druml@quadrant-us.com.

Small Businesses

Nuts & Bolts: Zurich is expanding the number of subclasses of businesses its small business division will underwrite to provide more diversified market opportunities for agents. An additional 188 subclasses are now eligible under Zurich’s core retail, office and service segments for insurance programs that include auto, umbrella and, for many classes, workers’ compensation.

Dollars: Up to $15 million.

States: All, except Hawaii.

Carrier: Rated by “A” stable, A.M. Best. Admitted.

Contact: Local state agent or call 800-800-3907.

Tech Firms

Nuts & Bolts: The Hartford Financial Services Group Inc. has expanded the policy limits available to customers from $1 million to $2 million on The Hartford’s FailSafe MEGA product, a professional liability coverage designed specifically for smaller technology firms and offered through the company’s Technology Practice Group.

When purchased with the The Hartford’s popular Spectrum business owners’ policy, FailSafe MEGA creates an insurance solution that can help meet the growing needs of smaller tech firms.

Dollars: $1 million to $2 million. Minimum premium is $800.

States: Available in all states except Hawaii.

Carrier: The Hartford, rated “A+” by A.M. Best.

Contact: Toby Levy, director, Technology Practice Group, at 820-547-3977 or e-mail tlevy@thehartford.com.

Topics AM Best

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Insurance Journal Magazine September 4, 2006
September 4, 2006
Insurance Journal Magazine

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