high net worth homeowners News

Wildfire Risks: How Cincinnati’s Approach Combines the Best of Data and Personal Connection

Insurance Journal’s Pamela Simpson interviewed Dorothy Sarna, National Loss Prevention Program Director of The Cincinnati Insurance Companies, to explore the carrier’s approach to underwriting high net worth home insurance in California, Oregon, Montana and other states experiencing increased incidents of …

Berkley One Launches Flood Product in New Jersey; Expands Coverage in Vermont, Mass.

Berkley One (a Berkley Company), a startup insurance provider high net worth individuals and families, has introduced a new excess flood product, as well as broader geographical capabilities with a launch in Vermont and deepening capabilities in existing states with …

AIG Expanding at Lloyd’s With New Unit for U.S. High-Net Worth Market

American International Group Inc. is ramping up its bet on the wealthiest Americans with a new push to offer policies through the Lloyd’s of London marketplace and write as much as $1 billion in gross premiums. AIG plans to create …

High-Net Worth Insurer Vault Enters South Carolina

Vault, an insurer focused on the high net-worth personal insurance market, has officially opened for business in South Carolina. Vault offers insurance coverage and services for high-value homes, art, jewelry, cyber and personal excess liability coverage. Vault’s business model, built …

PURE Expands E&S Homeowners Coverage to South Carolina

The PURE Group of Insurance Companies has expanded its PURE Programs excess & surplus (E&S) line offering designed to protect higher risk homes insured for $1 million or more, into South Carolina. With this expansion of the offering, PURE policyholders …

Ironshore Expands High Net Worth Homeowners Coverage Into New York

Ironshore Private Client Group has expanded its Private Insurance Portfolio product to high net worth homeowners throughout the state of New York, effective Jan. 23, 2017. Ironshore Private Insurance Portfolio, a customized policy providing property and liability coverage for homes …

PURE Launches E&S Product for High Net Worth Homeowners in Florida

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, has launched PURE Programs, an excess & surplus lines (E&S) homeowners product for individuals with higher risk homes insured for $1 …

Ironshore Expands High Net Worth Coverage to Homeowners in Connecticut

Ironshore Private Client Group has expanded its Ironshore Private Insurance Portfolio product to high net worth homeowners in Connecticut. Ironshore Private Insurance Portfolio coverage is available in four states on an admitted basis, including Pennsylvania, New Jersey and Georgia. Ironshore …

Partner Specialty Group Launches Online High Value Homeowners Facility

Partners Specialty Group, LLC has announced a new non-admitted online high value homeowners facility with limits in excess of $60 million. Appointed agents will be able to access the online portal and obtain quotes for the following exposures: High Value …

Maritime Program Group Launches Non-Admitted Homeowners Program

Maritime Program Group (MPG) has launched a new non-admitted homeowners program offered through its Private Client Services division. According Brian Botwinick, VP of Private Client services, the product is backed by Lloyds of London. The program is available nationally, including …