New Markets

March 10, 2008

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com.

Tattoo & Body Piercing
Nuts & Bolts: Professional Program Insurance Brokerage has enhanced its tattoo and body piercing program. Broader property coverage is available including coverage for property of others, property in transit at conventions and computer equipment. The professional liability also has been enhanced to allow for greater credit options for multi artists and lower rates for teaching coverage.
Dollars: Up to $1 million/$3 million.
Carrier: Lloyd’s, rated “A” by A.M. Best. Nonadmitted.
States: All.
Contact: Jennifer Schoenthal at 415-475-4300 or e-mail Jennifer@tattoo-ins.com.

Management Liability
Nuts & Bolts: Monitor Liability Managers is offering coverage for management liability.
Dollars: Varies.
Carrier: Rated “A+” by A.M. Best. Admitted and nonadmitted.
States: All.
Contact: Producer Development at 847-806-6590 or e-mail info@monitorliability.com.

Wedding and Wedding Reception
Nuts & Bolts: Francis L. Dean & Associates Inc is offering wedding and wedding reception insurance including host liquor from $250 for a one-day wedding event or $295.00 for a three-day package. The $1 million liability program is for weddings of all sizes. Policies may be issued within hours.
Dollars: $1 million to $5 million.
Carrier: Rated “A” by A.M. Best. Admitted.
States: All.
Contact: Shannon Morford at 800-745-2409, ext. 122 or e-mail Smorford@fdean.com.

Mortgage Fraud
Nuts & Bolts: PBIS Insurance Services Inc., is offering coverage for mortgage fraud: rep and warranty insurance — pays for losses due to material misrepresentation on residential loans (FNMA, Freddie Mac, and non-conventional secondary market) Some of the details include: per loan coverage; sold to banks and mortgage lenders; covers losses due to mortgage fraud; extensive lender benefits, including training, data, exclusionary lists, and operations reviews. Product is underwritten by Lloyd’s of London.
Dollars: Starting at $50,000.
Carrier: Lloyd’s of London rated ‘A’ by A.M. Best. Non-admitted.
States: All.
Contact: Justin Vedder at 415-472-7500 or e-mail jvedder@priestongroup.com.

Durable Medical Equipment
Nuts & Bolts: Cailor Fleming Insurance is offering a package policy designed for stores that rent and sell equipment for the home health industry. Program includes: property, general and professional liability, marine and umbrella. Broad market appeal. This is an expanding and growing program with competitive coverage, and premiums.
Dollars: $500,000 to $1 million.
Carrier: Rated “A-” by A.M. Best. Non-admitted.
States: All except Alaska and Hawaii.
Contact: Jeffrey Michalenok at 330-782-8068 or e-mail jmichalenok@cailorfleming.com.

Taxi or Paratransit General Liability
Nuts & Bolts: American Business Insurance Services Inc. is offering general liability, including products completed operations for taxicab and paratransit companies. Fax or e-mail application for a quick quote.
Dollars: $1 million to $3 million.
Carrier: Rated “A” by A.M. Best. Admitted and non-admitted.
States: Ark., Ariz., Calif., Colo., Conn., Del., Fla., Ga., Ill., Ind., Iowa, Kan., Maine, Md., Mich., Minn., Mo., Nev., N.H., N.J., N.Y., N.C., Ohio, Ore., R.I., Tenn., Texas, Va., Wash., D.C., Wis.
Contact: David Haley at 800-980-1950 or e-mail dave@abiw.com.

Difficult Products Liability
Nuts & Bolts: K&K Insurance Group Inc. is offering coverage on difficult product liability classes. K&K has carriers available to provide coverage for manufacturers, fabricators, designers, installers, operators, distributors, suppliers, and importers. Eligible classes include but are not limited to: amusement ride manufacturers; auto, motorcycle, truck parts; boats and marine equipment; camping equipment; custom motorcycle manufacturers; exercise/health club equipment; playground equipment; racing equipment and cars; ski equipment, snow boards, skates and skate boards; and, sport equipment/helmets.
Dollars: Varies.
Carrier: Rated “A” or better by A.M. Best. Non-admitted.
States: All.
Contact: Dan Johnson at 800-927-4756 or e-mail product_liability@kandkinsurance.com.

Products Liability — Broadened GL
Nuts & Bolts: Aggressive Insurance Brokers is offering access to a highly rated carrier, writing broad general liability coverages for products driven accounts, with $2M/$2M/$1M limits available. Products aggregate, in addition to extended general liability coverage is often for accounts that are particularly difficult due to lower sales volume, and/or new ventures.
Dollars: $2 million/$2 million/$1 million.
Carrier: Rated “A” XV by A.M. Best. Non-admitted.
States: All.
Contact: Michael Belanger at 330-659-7501 or e-mail michaelb@1800bindaib.com.

Health Club
Nuts & Bolts: Sports & Fitness Insurance is a national underwriting facility specializing in sports and fitness facilities. Coverages include: liability; property; workers’ compensation; bonds; business auto for health clubs; fitness centers; martial arts studios; personal trainers; performance training facilities; racquet clubs; tennis centers; dance schools; yoga studios; pilates studios; and commercial swim schools and more on both an admitted and non-admitted basis in most every state.
Dollars: $500,000 to $10 million.
Carrier: Safeco Companies including General Insurance Company of America, American States, American Economy, America Rated “A+” XV by A.M. Best. Admitted.
States: All, except Alaska and Hawaii.
Contact: Shelby Waites at 877-496-4671, ext. 2225 or e-mail swaites@sportsfitness.com.

Collector Vehicle
Nuts & Bolts: Markel American Insurance Co. has introduced its collector vehicle insurance program. This program joins Markel’s other specialty personal lines, such as motorcycle and various boat products, providing essential coverage to enthusiasts. The program provides comprehensive coverage for a variety of collector vehicles including antique autos and motorcycles, street rods and replicas. It also boasts a very competitive policy form with no mileage limitations. Coverage can be provided for any collector vehicle that is at least $10,000 in value.
Dollars: Up to $1 million.
Carrier: Rated “A” by A. M. Best. Admitted.
States: Mass., R.I., N.H., Maine, Vt., Ind., Ill., Mich., Ohio, Ken., Texas, Wis., Minn., Tenn., Iowa, Mo., Ark., Okla., La., Calif.
Contact: Audrey Hanken at 262-548-9880, ext. 3371 or e-mail ahanken@markelcorp.com.

Individual Independent Director
Nuts & Bolts: Monitor Liability Managers Inc., a member company of W.R. Berkley Corp., announces the launch of a new independent director liability policy that provides individual protection to independent directors. The new IDL policy protects the personal assets of an individual, independent director of a publicly traded, privately held or nonprofit organization. Unlike policies with limits shared across an entire board of directors or a group of independent directors, the IDL policy is written to cover an individual. Each independent director may obtain his or her own policy and limit of liability.
Dollars: Up to $5 million.
Carrier: Rated “A” and “A+,” respectively by A.M. Best. Nonadmitted.
States: All.
Contact: Valerie Foster at 800-446-2100, ext. 637 or e-mail vfoster@monitorliability.com.

Personal Lines Insurance Agents
Nuts & Bolts: Travis-Pedersen & Associates of Arizona LLC is offering a product that targets retail insurance agencies primarily producing personal lines property and casualty, and individual life and health lines of coverage with up to $10 million in premium volume. Product features include: defense costs outside the limits; coverage for personal injury; duty to defend; automatic coverage for independent contractors; coverage for P/C and life insurance sales; coverage available for mutual fund and variable annuity sales. Full prior acts coverage and financial planning coverage are also available.
Dollars: $100,000 to $3 million.
Carrier: United States Liability Insurance Group (USLI) rated “A++” by A.M. Best. Admitted.
States: All except Alabama, Alaska and California.
Contact: Matt Gervin at 480-281-3850 or mattg@travped.com.

Topics AM Best Alaska

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