Salt Lake City, Utah-based surplus line carrier Prime Insurance Syndicate Inc. announced that it has received approval to write surplus lines insurance business in Minnesota, effective Aug. 1, 2004.
Prime, which offers solutions for hard-to-place risks, will offer its lines in Minnesota including nursing home and assisted living centers, homeowners, commercial property, bars, restaurants and taverns, recreation, commercial auto, and garage liability among many others. Prime, incorporated in 1992, said it is the largest writing member of the INEX Insurance Exchange, the only excess and surplus lines marketplace that maintains a guaranty fund providing additional security for insureds.
Prime is a wholly-owned subsidiary of Prime Holdings Insurance Services Inc. and maintains offices in Salt Lake City and Chicago. Prime Holdings is an insurance holding company for its suite of excess and surplus lines service organizations.
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