Rockwood Programs has implemented underwriting guideline changes to its P&C Agents E&O program. The modifications will result in a rate decrease in the states of California, Massachusetts, Nevada, and Texas. The exact amount of the decrease will be dependent on individual risk characteristics. Rockwood Programs, Inc. has been a national property and casualty insurance agent E&O provider since 1996.
“Although states like Massachusetts, California, Texas and Nevada have seen higher claim activity in past years, we looked into options to help those with good track records in order to help them save money,” states vice president of Rockwood, Mark Lann.
Rockwood’s P&C agent errors and omissions program underwriting guidelines include many factors other than jurisdiction such as: revenue size as well as diversity in lines of business they write.
President of Rockwood, CPCU, Glenn Clark says by focusing on these factors, Rockwood can properly rates the risks of each applicant whether they are a newly licensed startup or an established wholesaler/managing general agency.
Rockwood agents in Massachusetts, California, Texas and Nevada P&C agents with annual revenues of $200,000 will benefit from these most recent updates to Rockwood’s program through Aegis, a Syndicate of Lloyds of London.
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