Condominium AssociationsNuts & Bolts: Philadelphia Insurance Companies is broadening the eligible classes for its condominium product to include office park condominium complexes. Available coverages include property, general liability, automobile, garagekeepers and umbrella. Large in-house property capacity exists allowing the company to write virtually any condominium property exposure that meets its underwriting standards. Acceptable classes include office condominiums with an occupancy rate of at least 80 percent, and area used as office space of at least 75 percent. Other underwriting criteria apply.
Dollars: General limits up to $1.0 million/$3.0 million are available. Umbrella Liability Limits of up to $1.0 million are available.
Carrier: Philadelphia Insurance.
States: All.
Contact: Visit www. phly.com.
Freight ForwardersNuts & Bolts: Fireman’s Fund Insurance Company has introduced a package offering combinations of shippers interest, bailee, legal liability, and errors and omissions coverages for freight forwarders. The program for freight forwarders offers a simplified rate schedule, an easy-to-use commodity list as well as automated rating and reporting.
The company has built the new product into FOCUS, its online facility that expedites the underwriting and claims process for ocean marine customers. E&O is also available.
Dollars: The target audience is small to midsized freight forwarders with revenues between $5 million and $25 million seeking limits of up to $5 million.
States: All.
Carrier: Fireman’s Fund, Excellent (A) rating from the A.M. Best.
Contact: www.firemansfund.com.
Management, Professional LiabilityNuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa., a member company of American International Group Inc., released AIG ePro, a Web-based system allowing brokers to quote and bind PrivateRisk Protector coverages in just minutes. PrivateRisk Protector is a portfolio of management and professional liability coverages designed for private companies. AIG ePro was engineered for brokers to simplify the selection of coverages, generate quotations and electronically issue policies. Brokers can create a customized portfolio of coverages online. AIG ePro enables brokers to immediately determine if an online quote will be generated or if underwriting review is required; deliver e-policies in lieu of or in addition to hard copies; determine eligibility by a quick search of a broad array of eligible risks by SIC codes; communicate directly by e-mail with appropriate underwriters; and access technical support and online training. AIG ePro offers six coverages, including: D&O and private company liability; employment practices liability; pension trust liability; fidelity and crime coverage; employed lawyers professional liability; and internet media liability.
Dollars: For companies up to $100 million in revenues.
Carrier: National Union.
States Available: All.
Contact: For more information on AIG ePro, visit www.aignationalunion.com, or e-mail: epro_support@aig.com.
Topics AIG
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