New Markets

November 6, 2006

Privacy and Security Coverage Enhancements
Nuts & Bolts: Underwriting manager and claims administrator Euclid Managers LLC have a set of security and privacy coverage enhancements that can be endorsed onto any of the Euclid Managers’ Internet and tech professional liability policies. The endorsements expand the current coverage offering of errors and omissions, content (including copyright and trademark infringement), security, personal injury and privacy coverages already contemplated by the basic internet and tech forms. The enhancements include protection for laptop theft, privacy regulatory actions, and privacy notification and crisis management expenses. The insured has the option to purchase a portion of or all of the new protections.

Dollars: Up to $5 million.
Carrier: Rated “A” by A.M. Best. Admitted and non-admitted.
States: All.
Contact: Marcia Sutton, 816-778-0713,

Campground and Recreational Vehicle Parks
Nuts & Bolts: The Philadelphia Insurance Companies introduced coverage for campground and recreational vehicle parks. This product is intended for stand-alone campground and RV park operators. PHLY is targeting the franchised parks due to the standards established for the parks by the franchise corporation concerning park management, park conditions, park amenities, and frequency of inspections.

Dollars: General liability limits up to $1 million/$3 million; commercial excess liability limits up to $10 million.
Carrier: Philadelphia Indemnity, rated “A” and “A+” by A.M. Best. Admitted.
States: All, except Louisiana.
Contact: Mark Plousis, 610-617-7678 or e-mail

Terrorism Insurance
Nuts & Bolts: Hiscox USA, US subsidiary of Hiscox PLC, a provider of specialty insurance, is providing terrorism insurance in the United States, from the United States. The coverage will be 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, 914-273-7424,

Non-Profit Organization D&O Liability
Nuts & Bolts: Arrowhead General Insurance Agency Inc. is offering a not-for-profit directors and officers program designed to insure small to medium IRS tax-exempt 501(c)3 and 501(c)4 organizations. Policy features include: insured includes the organization, its subsidiaries, and any past, present or future director, trustee, officer, employee, volunteer, member of staff, faculty or committee; broad definition of claim includes written demands for monetary relief; civil proceeding; administrative, regulatory or EEOC proceeding; arbitration proceeding; criminal proceeding; or formal civil, criminal, administrative or regulatory investigation; wrongful act includes actual or alleged error, omission, act, mis-statement, misleading statement, wrongful employment act, or breach of duty; coverage for employment practices liability including wrongful termination, harassment and discrimination; automatic coverage for acquired or created subsidiaries with assets less than 20 percent of the total assets of the entity; no retroactive date. Unknown prior acts are covered; duty to defend and will pay on behalf of the insured; punitive damages coverage where permitted by law; and marital estate extension for claims made against the lawful spouse.

Dollars: Limits of liability are $500,000 or $1 million. Higher limits may be considered.
Carrier: RLI Insurance Co. rated “A+” by A. M. Best. Admitted.
States: All except La., Mass., Miss., N.Y., Okla., Vt., Va., Wash., and Wyo.
Contact: 866-287-8031 or 310-965-0697. E-mail: Web site:

Medical Malpractice, Long-Term Care Medical Directors
Nuts & Bolts: U.S. Risk Underwriters, a specialty lines underwriting manager and wholesale broker, has a medical malpractice insurance product for physicians practicing as medical directors in long-term care facilities, including skilled care, assisted living and continuing care retirement communities. The policy includes a condition that requires long-term care facilities to cover the medical director’s administrative duties and carry equal professional insurance limits, or policy limits become lower ($100,000/$300,000).

Dollars: Up to $1 million/$3 million; standard deductible of $5,000
Carrier: Rated “A-” by A.M. Best. Admitted.
States: California, Ohio and Texas.
Contact: Linda Morse, 281-249-4934,

Real Estate Professional Liability Policy Endorsements
Nuts & Bolts: Victor O. Schinnerer & Co., has upgraded its real estate errors and omissions policy endorsements. The upgrades are to its discrimination endorsement and to its environmental hazards endorsement, and are designed to better protect real estate firms. Both enhancements are included in the standard policy. The discrimination endorsement will automatically include a sub-limit of up to $100,000. That is an increase from $25,000 in most states, for no additional premium. The environmental hazards endorsement will automatically include up to policy limits at no additional charge. A 10 percent additional premium was charged previously. Schinnerer is in the process of filing the updates in all states. As states approve the upgrades, they will be posted on the company’s Web site at

Dollars: Up to $1 million.
Carrier: CNA, rated “A” XV. Admitted.
States: All, however check Web site for availability and enhancement.
Contact: Catherine Williams, 301-961-9843,

Investment Advisors, Investors
Nuts & Bolts: St. Paul Travelers is offering investment advisors, mutual funds and hedge funds protection through its St. Paul Travelers SelectOne program for investment advisors and funds. The program is designed to address exposures that might incur through business interactions with investors, employees, shareholders, governmental agencies and pension plan participants. The policy provides coverage for the following incidents: failure to adhere to investment guidelines and restrictions; misrepresentations and failure to adequately disclose risks; mismanagement of investments; breach of fiduciary duties to clients or pension plan participants; and, unintentional errors committed in the course of performing regular investment adviser duties.

Dollars: Up to $25 million in the aggregate.
Carrier: Travelers, rated “A” by A.M. Best. Admitted.
States: All.
Contact: Steve Boughal, 917-778-6149,

High Value Homeowners Program
Nuts & Bolts: Crawley Warren Insurance Services Inc. has a customized High Value Homeowners Program (HVH) for high net worth clients in California. This non-admitted product is designed for dwellings worth more than $750,000, but is available for dwellings as low as $500,000 and as high as $25 million. Immediate binders are available for eligible risks not exceeding $5 million total Section I Property. The key feature of this product is the ability of the clients to choose limits for other structures, personal property and loss of use. The agent works with clients to determine what limits of coverage they need to protect their property exposures. The client no longer has to pay for the standard limits usually found on homeowners policies.

Dollars: Up to $5 million.
Carrier: Lloyd’s of London, rated “A” by A.M. Best. Non-admitted.
States: California and Hawaii.
Contact: Kris Zebratski, 415-544-0969, ext. 305, or e-mail kristinaz@crawley

Travel Guard
Nuts & Bolts: AIG Travel Guard has a travel insurance plan called My Travel Guard that allows clients to pick and choose the coverages that meet their travel needs. The plan offers coverage for a “hospital of choice” medical evacuation, adventure travel risks, and the option to select primary or secondary coverage for baggage and medical expense. The base plan includes essential coverages for trip cancellation, interruption and delay; lost, stolen or damaged baggage and personal effects; baggage delay; medical expenses; and emergency medical transportation. Travelers can then select additional coverages and limits.

Dollars: Up to $30,000 for trip cancellation; up to $50,000 emergency medical; unlimited coverage for medical evacuation; to $1,500 for baggage and up to $500,000 for flight accident.
Carrier: AIG, rated “A+” by A.M. Best. Admitted.
States: All, except Washington.
Contact: Tom Zavadsky, 800-826-1300, e-mail:

Professional Liability Policy, Business Services
Nuts & Bolts: The Hartford Financial Products, a unit of The Hartford, has introduced The Hartford Professional Choice Liability Policy, a miscellaneous professional liability policy for firms and their employees involved in the business services industry. The market is available for market researchers, loss control specialists, franchisors, contest managers, advertising and public relations firms, third-party administrators, temporary staffing firms, trustees and other service businesses.

Dollars: Up to $25 million.
Carrier: The Hartford, rated “A+” XV by A.M. Best. Admitted.
States: All states (admitted in most).
Contact: Patricia Fitzgerald, 212-277-0457,

Mid-sized Business Policy
Nuts & Bolts: Zurich is introducing a broader property insurance policy for mid-sized businesses. The policy includes more than 36 additional coverages that improve coverage options. The product addresses specific customer risk needs by providing flexibility to tailor solutions for the individual customer. The offering, called “Property Portfolio Protection,” is an all-risk policy. The policy includes a more extensive range of automatic coverages and requires fewer endorsements.

Dollars: Up to $150 million per location.
Carrier: Zurich America Insurance Co., rated by “A” by A.M. Best. Admitted.
States: All, except Fla., Hawaii, La., N.Y., Va., and Wash.
Contact: Dave Rutkowski, 847-605-6116, e-mail:

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