San Diego, CA, March 19, 2020 – FTP of California, LLC, announced today a new property program with high limits and extreme flexibility in risk coverage. The exclusive program is backed by A.M. Best ‘A’ rated carriers.
Available countrywide, the program offers $15 million full-limit monoline or all-risk coverage, and up to $25 million full-limit coverage on earthquake business, with a $4 million per building limit. Target classes include everything from apartments, LRO operations, vacant buildings, and warehouses to hotels, motels, commercial dwelling schedules, and office buildings. There are no age restrictions, and coverage is available for historic buildings.
Leading the expanded property program is Lee Glaser, managing partner of FTP of California, LLC, based in San Diego, CA. Lee’s extensive background in commercial property, specifically tough-to-place excess and surplus lines business for all lines of coverage, make this program an excellent fit for the carriers. Glaser specializes in underwriting, placing commercial property risks, and developing short-tail and difference in conditions (DIC) commercial property programs.
“This strategic partnership allows us to grow the business in a way that best serves our producers and carrier partners in this changing market,” said Glaser. “We’re able to offer exclusive and proprietary property and casualty facilities in all 50 states, including California earthquake coverage on a monoline or all-risk basis. We’ve been successful so far because we’re able to assess and underwrite each individual risk as it comes through, including small, tougher business that doesn’t fit the cookie-cutter mold of most of the programs out there. If a submission has a good schedule but an issue with one location, we’ve got the flexibility and freedom of form to work with the agent and get it done. Being independently owned allows us to move quickly in the direction of our clients’ needs.”
FTP of California offers tiered competitive commissions to small independent retailers but also works with wholesalers. The San Diego office is now accepting new agency appointments. To start writing business with FTP of California today, send submissions to SubmissionCA@ftpins.com.
About FTP Inc.
FTP Inc. is an independently owned and operated insurance wholesaler founded in 1957. FTP represents both admitted and non-admitted insurance companies and offers insurance programs nationwide, including commercial property and casualty, personal lines, and excess and surplus lines. Markets are available for almost all classes of business or situations on a package or monoline basis. Based in Old Bridge, NJ, the company also has offices in Melville, NY, and San Diego, CA. To become appointed please visit https://www.ftpins.com/new-broker
FTP of California
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