Nuts & Bolts: AXIS U.S. Insurance’s excess and surplus property unit is now offering property insurance coverage for U.S.-based lumber, wood products and furniture risks. Covered risks include logging operations, sawmills, planing mills, manufacturers of wood building and structural materials, lumber yards, dimensional wood products manufacturers, modular housing manufacturers, manufacturers of wood furniture and fixtures, and wholesale and retail distributors of lumber and wood products. Primary and excess property insurance is available, and coverage may be arranged on either a first dollar (100 percent written) or a quota share basis.
Dollars: Up to $100 million of in-house property capacity, minimum premiums up to $15,000 and minimum deductibles available up to $5,000.
Carrier: AXIS U.S. Ins. Cos., rated “A” (excellent) by A.M. Best and “A” (strong) by S&P.
States Available: All.
Contact: Jeffrey Berkshire, (678) 746-9374 or jeffrey.berkshire@axiscapital.com
Topics USA Commercial Lines Business Insurance Property Manufacturing
Was this article valuable?
Here are more articles you may enjoy.
11 New Firms Join Insurance Journal’s Top 100 Independent Agencies 
Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says 
Meta Stares Down Trillion-Dollar Threat as Landmark Social Media Trial Begins 
State Farm Must Give Up Trade Secrets in Claims Lawsuits, but Under Court Review From This Issue
