New Markets

Terrorism Insurance
Nuts & Bolts: Hiscox USA, U.S. subsidiary of Hiscox plc, now provides terrorism insurance in the U.S., from the U.S. The coverage is being offered to brokers through Hiscox USA’s Armonk, N.Y. headquarters.

Dollars: Up to $50 million.
Carrier: Hiscox USA, rated “A” by A.M. Best. Non-admitted.
States: All.
Contact: Alex Heywood, vice president, terrorism insurance, Hiscox USA at 914-273-7424 or e-mail: alex.heywood@hiscox.com.

Real Estate Professional Liability
Nuts & Bolts: Victor O. Schinnerer & Co., announces two upgrades to its real estate errors and omissions policy endorsements. These upgrades are to its discrimination endorsement and to its environmental hazards endorsement. Both enhancements are included in the standard policy. The discrimination endorsement includes a sub-limit of up to $100,000. This is an increase from $25,000 in most states, for no additional premium. The environmental hazards endorsement is included up to policy limits at no additional charge. A 10 percent additional premium was charged previously. Schinnerer is filing the updates in all states. As states approve the upgrades, they will be posted on at www.PlanetRealtyChoice.com. Dollars: Up to $1 million.
Carrier: CNA, rated “A” XV by A.M. Best. Admitted.
States: All, however check Web site.
Contact: Catherine Williams, vice president, at 301-961-9843 or e-mail:

vos.realestate@schinnerer.com.

International D&O Liability
Nuts & Bolts: The AIG Companies introduced AIG Passport, an enhanced service process for corporate clients purchasing locally admitted directors and officers’ liability insurance to cover their international operations and subsidiaries. AIG Passport provides customers with a letter that details terms and conditions of the base D&O policy and one or more locally admitted policies, written in the local language and compliant with specific local laws and regulations. AIG Passport is available for international operations and subsidiaries in more than 75 countries and jurisdictions.

Dollars: Limits up to $50 million; each account underwritten according to its unique risk profile.
Carrier: AIG. Admitted and non-admitted. States: All.
Contact: Stephen Whelan at 212-458-2526 or stephen.whelan@aig.com.

Utility District Program
Nuts & Bolts: London American Risk Specialist Inc. is offering a utility district program designed for populations 75,000 and under that targets electric distribution, gas distribution, water distribution, sewage/waste water systems, and electric generating plants or any combination of above services.

Dollars: $1 million/$ 2 million
Carrier: Rated “A+” XV by A.M. Best. Admitted.
States: Ala., Ark., Fla., Ga., Ill., Ind., Ken., La., Mich., Mo., Miss., N.C., S.C., Ohio, Tenn., Texas and Va.
Contact: Larry Vickery, 800-448-7188, ext.306 or lvickery@londonamericantx.com or Carol Griffin 800-448-7188, ext.301, e-mail:

cgriffin@londonamericantx.com.