My New Markets

March 26, 2007

Social Service Organizations
Nuts & Bolts: Riverport Insurance Co. provides property, general liability, professional liability, automobile, crime, and excess liability coverages for social service and nonprofit organizations with flexible premium payment plans. Riverport is a Berkley company. Limits vary.

Carrier: Riverport Insurance Co. rated “A” by A.M. Best. Admitted.
States: Ariz., Calif., Colo., Conn., Ga., Ill., Iowa, Kan., Md., Mich., Minn., Mo., Neb., Nev., N.M., N.C., N.D., Ore., Penn., S.C., S.D., Tenn., Utah, Va., Wash., D.C., Wis.
Contact: Kathryn Benvenuiti at 612-766-3331 or e-mail kbenvenuti@riverportinsurance.com.

Lawyers Excess
Nuts & Bolts: Swiss Re’s Commercial Insurance now offers an excess layer coverage for law firms, complementing its first layer. The product is designed to follow the form of the underlying policy, features a range of attachment points and is available in all 50 states.

Dollars: Up to $10 million.
Carrier: First Specialty Insurance Corp. rated “A+” by A.M. Best. Non-admitted.
States: All.
Contact: Jill Zubak at 312-821-4147 or e-mail Jill_Zubak@swissre.com.

Homeowners, High Value
Nuts & Bolts: Shelly, Middlebrooks & O’Leary has a homeowners market for complex homeowners’ exposures, including high-value properties, older homes, secondary/seasonal residences, rental properties, builders’ risks and homes with prior losses. Deductible begin at$2,500; minimum premium is $1,000.

Dollars: Starting at $750,000.
Carrier: Lexington Insurance rated “A+” by A.M. Best. Non-admitted.
States: Florida and Georgia.
Contact: Conor O’Leary at 800-342-2498 or e-mail dc.oleary@shellyins.com.

Spill Cover
Nuts & Bolts: IPA Risk Management has a product which pays for the clean up costs when a vehicle spills its load onto the roadway. Minimum premium is $1,000; deductible, $2,000.

Dollars: Starts at $50,000, up to $1 million subject to approval.
Carrier: Lloyd’s of London, rated “A+” by A.M. Best. Non-admitted.
States: All.
Contact: Greg Heitmann at 201-797-1215 or e-mail g.heitmann@itariskmanagment.com.

Community Banks
Nuts & Bolts: Progressive Casualty Insurance Co. has added a new coverage to its American Bankers Association-sponsored Financial Institution Program. The new coverage, Privacy Liability and Mitigation Expense, is designed to address banks’ liability arising from unauthorized access to confidential customer information. It provides reimbursement for banks’ post-security breach expenses, including customer notification, account reissuance, credit monitoring services to detect potential fraud and public relations counsel, if needed.

Dollars: Up to $5 million.
Carrier: Progressive “A+” rated by A.M. Best. Admitted.
States: All, except Alaska, Calif., Kan., La., Mass., N.D. and Va.
Contact: Judi Kovach at 800-274-5222 or
e-mail jkovach@progressive.com.

High Performance Watercraft
Nuts & Bolts: American Reliable Insurance Co. covers vessels with speeds up to 120 mph and with a value up to $300,000. Minimum premium is $500; minimum deductible, $500.

Limits: $100,000 to $300,000.
Carrier: American Reliable Insurance Co., rated “A-” by A.M. Best. Admitted.
States: All, except Alaska, Hawaii, Louisiana and District of Columbia.
Contact: Roger Vossen, at 651-361-4016 or e-mail roger.vossen@assurant.com.

Tow Truck Operators
Nuts & Bolts: Swiss Re’s Commercial Insurance and BISYS launched an insurance program for tow truck operators. Policies are underwritten by Westport Insurance Corp., a Swiss Re company. The program entertains risks for professional towers, including those with service garages and body shops. Coverage includes commercial auto liability, physical damage, general liability, inland marine and property. An added benefit is a paperless submission process for agents. Applications are available online at www.BiSYSPC.com.

Dollars: Up to $1 million/$2 million aggregate.
Carrier: Westport Insurance Corp, (a Swiss Re company) rated “A+” by A. M. Best. Admitted.
States: All, except Alabama, Alaska, Hawaii, Massachusetts and New Jersey.
Contact: Robert Devres at 321-421-6714 or e-mail rdevres@bisys.com.