New RRG to Offer GL to Calif. Contractors and Artisans

February 16, 2005

United Contractors Insurance Company Inc.—a new risk retention group domiciled in the District of Columbia—will offer general liability coverage to California contractors and artisans in commercial and residential construction.

Acting as the RRG’s managing general underwriter, Palm Springs-based United Contractors Insurance Agency will provide underwriting and policy issuance, along with other services. UCIC will insure several types of contractors’ risk, including remodeling contractors, plumbers and painters.

“We’ve been in a really hard market situation, and especially for contractors—many of them are finding it’s difficult or impossible to obtain coverage,” said Annette Singer, president of UCIA. “So, where there’s a need, there’s an opportunity. We developed a new program to broaden the market and offer more choices for the contractors out there having difficulty finding coverage.”

Licensed on Oct. 17, 2004, UCIC will be headed by President Douglas R. Holmes, a Whittier, Calif.-based attorney. Holmes previously served as a director of Florida-domiciled Insurance Company of the Americas, which is owned by New York-based PIA Acquisitions Inc., which provided initial capital to start up the RRG in the amount of $600,000.

The RRG will be reinsured by Illinois-domiciled Reinsurance Company of America Inc.

For more information, contact Annette Singer at asinger@ucisg.com.

Topics California Contractors

Was this article valuable?

Here are more articles you may enjoy.

Latest Comments

  • December 10, 2005 at 5:33 am
    Douglas Holmes says:
    Risk Retention Groups are a growing segment of the commercial liability market and are a viable alternative when traditional markets become over priced or become unavailable. ... read more
  • December 5, 2005 at 9:08 am
    Corey Metz says:
    Does anyone know of company that carries workers comp for roofers in Illinois? They have a .93 Mod. I don\'t know where to go and they are currently in the pool through Wester... read more
  • December 2, 2005 at 10:34 am
    David says:
    Doesn\'t anyone care about whether or not the company they recommend to their clients will be around to pay claims? This RRG has very little capital and is reinsured by a car... read more

Add a CommentSee All Comments (12)Add a Comment

Your email address will not be published. Required fields are marked *

*

More News
More News Features