Lloyd’s Investigates Bogus Umbrella Trucking Policies

June 23, 2004

Lloyd’s America has revealed exclusively to Insurance Journal that an investigation is currently underway for allegedly bogus umbrella trucking liability policies reportedly placed through the Oakland, Calif.-based broker Ambassador Insurance Services and/or GIO International of London, England.

Any retail insurance broker who believes they have obtained a Lloyd’s Umbrella Trucking Liability policy via Ambassador Insurance Services and/or GIO International should contact Lloyd’s immediately for verification of purported coverage.

Trucking companies holding a Lloyd’s Umbrella Trucking Liability policy obtained either directly or indirectly through Ambassador Insurance Services and/or GIO International should also contact Lloyd’s in order to verify the status of that coverage.

If you have any information, please contact Wayne Wertzer, Lloyd’s America Inc., at: (212) 382-4092, or you may fax the declarations page of the policy in question to: (212) 382-4070.

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