excess liability policy News

UK’s Allianz Commercial Doubles Excess Liability Capacity to £50M ($70.5M)

Allianz Commercial* announced it has increased its capacity for excess of loss cover, which will now allow brokers to purchase excess liability cover up to £50 million ($70.5 million) per individual class of business. The move, which supports Allianz’s ambition …

New Empire Group Launches Excess Liability Program for Real Estate Risks

New Empire Group has launched a new excess liability program for real estate as part of their Prime Umbrella Program Portfolio. The program offers low minimum premiums and will provide limits of coverage from $5 million to $25 million. Higher …

XL Group Introduces New Environmental Excess Policy Form

XL Group’s Environmental insurance business has created a new excess insurance policy to provide clients and brokers in the U.S. and Canada with a simplified way to buy an additional layer of environmental insurance protection. This new excess insurance form …

Pioneer Programs Adds Excess Liability to Contractors’ Choice Program

Pioneer Programs Insurance Solutions has expanded its specialty program, Contractor’s Choice, to now include excess liability. According to Carole Fleischman, managing director of Pioneer Programs, it can now offer the following form general liability excess product on its current contractors’ …

Connecticut Regulator Revokes License of Broker Mired in Insurance Controversy

Connecticut’s insurance department last week revoked the insurance licenses of Earl O’Garro Jr. and his insurance brokerage firm, Hybrid Insurance Group. O’Garro has been mired in an ongoing insurance controversy in Hartford, Conn., that includes allegations of failing to send …