Commercial Builder’s Risk Catastrophe
Nuts & Bolts:
International Catastrophe Insurance Managers LLC and Lantana Insurance Ltd., a member of the Glencoe Group of Companies, launched a commercial Builder’s Risk catastrophe product to be written on a surplus lines basis in Texas, Louisiana, Mississippi, Alabama, Florida and South Carolina. It is designed for commercial buildings that are being newly constructed or that are under renovation or repair. Subject to the terms, conditions, exclusions and limitations contained in the policy, coverage is provided for the building, contents and specified soft costs on a stand-alone wind/hail basis. ICAT will provide primary or full limits up to $5 million.
Dollars:
Primary or full limits will go up to $5 million.
Carrier:
Lantana, rated “A-“, Class IX by A.M. Best.
States Available:
Texas, Louisiana, Mississippi, Alabama, Florida and South Carolina.
Contact
: www.icat.com.
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