New Markets

December 5, 2010

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.

A-Side Directors & Officers
Market Detail: Great American Insurance Group’s Executive Liability Division offers A-Side Elite D&O coverage featuring: broadened drop down provisions, includes triggers for underlying policies that are subject to an automatic stay under the bankruptcy code and if an underlying insurer fails to indemnify within 60 days; broadened definition of claim includes receipt of a “Wells Notice” or target letter, requests to toll the statute of limitations and extradition proceedings; Affirmative Section 11 and 12 wording; eliminate exclusions B, E G H and I of the policy; credit committee and whistleblower carve outs; public documents limited to last 12 months plus annual report and 10K; auto-sub threshold 100 percent.
Available limits: As needed.
Carrier: Great American Insurance Group.
States: All except Ala., Alaska Calif., Conn., Dela., Fla., Hawaii, Ks., La., Maine, Miss., Mo., N.H., N.J., N.M., N.Y., Pa., S.C., Texas, Va., and Wash.
Contact: Jason Hogan at 847-330-6781 or e-mail: jhogan@gaic.com

Homeowners
Market Detail: King Insurance Support Systems has an program HO3 for difficult to place homeowners. The minimum dwelling amount is $150,000 but the maximum is unlimited. The program is geared toward multiple losses, brush, older homes and shorefront properties. This is for the unique exposure. Builders risk with liability coverage is also available. Same day turnaround, under $5 million.
Available limits:Minimum $150,000, maximum $5 million.
Carrier:Lexington Insurance.
States: Calif.
Contact: Vanessa Treff at 800-488-2255 or e-mail: vanessa@kinginsuranceca.com.

Local Trucking Program
Market Detail: American Management Corp. provides coverage for local and intermediate trucking 300 miles and under. Major lines of coverage include auto liability, cargo and general liability. Submission requirements: Acord application and three year hard copy loss runs.
Available limits: Minimum $500,000, maximum $1 million.
Carrier: Zurich.
States: Ariz., Ark., Colo., Idaho, Ill., Ind., Mont., N.C., Neb., N.M., Ohio, Okla., Ore., Pa., Tenn., Texas, Wis., W.V., and Wyo.
Contact: Stephen Strange at 800-233-2398 or e-mail: stevejr@amcins.com.

Production Errors & Omissions
Market Detail: New Empire Entertainment Insurance Services Inc. covers legal liability and defense costs for the production company against lawsuits alleging unauthorized use of title, format, ideas, characters or plots, plagiarism, unfair competition or piracy. Coverage also protects for alleged libel, slander, defamation of character or invasion of privacy.
Available limits: As needed.
Carrier: Several entertainment carriers.
States: All.
Contact: Andee Abad at 310-265-3801 or e-mail: andee@neeis.com.

Trucking
Market Detail: Brecht & Associates can handle most types of trucking exposures except hazardous haulers. This would include dumps, grain haulers, container haulers, frac sand and salt water haulers, livestock haulers, heavy equipment haulers, flatbed operations and general freight. Filings in Texas and ICC as well as other state regulatory filings handled.
Available limits: Minimum $500,000, maximum $5 million.
Carrier: Unable to disclose, admitted and non-admitted available.
States: Texas.
Contact: William Brecht at 800-990-9553 or e-mail: bill@brechtassoc.com.

Beauty
Market Detail: Salon & Spa Specialty Insurance (SASSI) as a division of W.H. Brownyard Corp., has provided specialized liability coverage to the beauty and cosmetic industries for more than 70 years. Formerly called Hairdressers Agency, SASSI covers beauty salons, nail salons, barber shops, day spas and electrolgists.
Available limits: As needed.
Carrier: Arch Insurance Co.
States: All except Wash., Alaska, Hawaii, Wyo., Va., and Vt.
Contact: Sharon Rohkohl at 631-666-5050 or e-mail: info@brownyard.com.

Worker’s Compensation Payroll
Market Detail: Agostini Wholesale Insurance has a broad underwriting appetite for workers’ compensation, small to large businesses acceptable. Grocery stores, restaurants, retail businesses, auto services and schools. A-rated carriers, quote turnaround within 48 hours.
Available limits: As needed.
Carrier: Unable to disclose.
States: Calif., Ariz., N.M., and Utah.
Contact: Caesar Serrano at 800-922-7283 or e-mail: caesar@agostinisurplus.com.

Legal Malpractice
Market Detail: Executive Perils offers a legal malpractice program from five to 100 attorneys. Limits of $10 million available.
Available limits: Minimum $1 million, maximum $10 million.
Carrier: Unable to disclose, admitted and non-admitted available.
States: All except Alaska and Hawaii.
Contact: Peter Taffae at 310-444-9333 or e-mail: petert@eperils.com.

Topics Texas Hawaii Alaska

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