My New Markets

Motorcycle Program
Nuts & Bolts: Arrowhead General Insurance Agency Inc.’s Personal Lines Division has expanded its motorcycle program to Pennsylvania. Coverage is being provided by a carrier rated “A-” by A.M. Best. Coverages range from $15,000/$30,000 to $100,000/$300,000. There is no credit scoring or rating tiers. Discounts include multi-vehicle, defensive driver, renewal, anti-lock brakes and rider club. Most make and model motorcycles are available for comprehensive and collision coverage. Agents will have access to Arrowhead Exchange, point of sale technology for online quoting, submitting and servicing policies online 24/7.

Dollars: $100,000/$300,000; $50,000 property damage.
Carrier: Rated “A-” by A. M. Best. Admitted.
State: Pennsylvania.
Contact: Victor T. Ehre Jr. at 716-689-2397 or e-mail VEhre@ArrowheadGrp.com

Lawyers Excess Layer
Nuts & Bolts: Swiss Re’s Commercial Insurance has announced the launch of its excess layer coverage for law firms, complementing its highly-regarded first layer product, which has been available for more than 30 years. The product is designed to follow the form of the underlying policy, features a broad range of attachment points and is available in all 50 states.

Dollars: Up to $10 million.
Carrier: First Specialty Insurance Corp. rated “A+” by A.M. Best. Non-admitted.
States: All.
Contact: Jill Zubak at 312-821-4147 or Jill_Zubak@swissre.com.

Spill Cover
Nuts & Bolts: IPA Risk Management has announced a new product spill cover which provides coverage to pay for the clean up costs when a vehicle “spills” its load onto the roadway. Minimum premium is $1,000; deductible, $2,000.

Dollars: Starts at $50,000, up to $1,000,000 subject to approval.
Carrier: Lloyd’s of London, rated “A+” by A.M. Best. Non-admitted.
States: All.
Contact: Greg Heitmann at 201-797-1215 or e-mail g.heitmann@itariskmanagment .com.

Community Banks
Nuts & Bolts: Progressive Casualty Insurance Co. has added a new coverage to its American Bankers Association (ABA)-sponsored Financial Institution Program. The new coverage, Privacy Liability and Mitigation Expense, is designed to address bankers’ concerns regarding privacy and identity theft issues, and is now available in most states. Covering banks’ liability arising from unauthorized access to confidential customer information, Privacy Liability and Mitigation Expense also provides reimbursement for banks’ post-security breach expenses, including customer notification, account reissuance, credit monitoring services to detect potential fraud and public relations counsel, if needed. Progressive’s Financial Institution Program, which is sold by independent agents countrywide, is endorsed by 27 state bankers associations and offers community banks Directors and Officers (D&O), internet banking, fiduciary and employment practices liability coverages, as well as Financial Institution Bond and other related insurance products.

Dollars: Up to $5 million.
Carrier: Progressive “A+” rated by A.M. Best. Admitted.
States: All, except Alaska, California, Kansas, Louisiana, Massachusetts, North Dakota and Virginia.
Contact: Judi Kovach at 800-274-5222 or jkovach@progressive.com.

Office Pac/Pac Plus
Nuts & Bolts: To meet the specific insurance coverage needs of the specialized technology market, Travelers Select Accounts is now offering Technology Office Pac and Technology Manufacturers Pac Plus. The two new segments are a part of Master Pac, Travelers’ Business Owner’s Policy for small commercial insurance. They cover the risks associated with small technology-focused businesses and provide two newly added optional endorsements for those who want to enhance their insurance coverage. The new products address more than 25 specific coverage features important for technology businesses,

Dollars: $2 million/$4 million general liability; umbrella, $25 million.
Carrier: Travelers rated “A+” by A.M. Best. Admitted.
States: All, except Alaska and Hawaii.
Contact: John P. O’Connor at 860-277-6248 or e-mail joconno5@travlers.com