My New Markets

Hacker – Virus – Cyber Invasion
Nuts & Bolts: USX/S is offering coverage for cyber invasions against your systems (first party) or if you’re blamed for an attack against another party (third party). Breach of security, permissive user breach for unauthorized purposes, introduction of destructive or fraudulent code, threat to introduce fraudulent or destructive code for the purpose of extortion.

Dollars: $500,000 to $1 million.
Carrier: Rated “A” by A.M. Best. Admitted.
States: All.
Contact: Dave Stahl at 440-888-7300 or e-mail DaveS@USXS.net.

Nonprofit Organizations
Nuts & Bolts: Aon Association offers coverage to 56,000 nonprofit organizations and their members throughout the U. S. Clients range in size and needs from an Elks Lodge seeking general liability coverage to a long-term care facility seeking more complex products and services. Each program is tailored to the needs of the client and managed by a dedicated team.

Dollars: Varies.
Carrier: CNA rated “A” by A. M. Best. Admitted.
States: All.
Contact: Sharon Fine at 800-432-7465 or e-mail Sharon_Fine@aon.com.

Community Associations, Condos, Co-ops
Nuts & Bolts: Ian H. Graham, with underwriting partner, CNA, has created a product for the community association industry. The process of renewing and submitting business has been simplified. Rapid renewal application quotations are sent on each risk. On verification, the one-page document is signed, dated and faxed back. Immediately upon receipt of the request to bind, the policy and invoice are issued. New business is quoted within 24 hours of receipt, if not sooner. Quotes can even be given while you wait.

Dollars: Up to $5 million.
Carrier: CNA rated “A” by A. M. Best. Admitted.
States: All.
Contact: Adam Collins at 818-655-1315 or e-mail adam_collins@ianhgraham.com.

Political Campaign Committees
Nuts & Bolts: AI Risk Specialists Insurance Inc. (AI Risk), a wholly owned brokerage subsidiary of American International Group Inc. (AIG), introduced LexElect, a multi-line insurance program designed specifically to address risks faced by U.S. Senate, U.S. House of Representatives and gubernatorial campaign committees. LexElect addresses many campaign risks by packaging a number of insurance coverages into a single policy. The coverage includes: general liability insurance; ID theft insurance, hired and non-owned auto liability insurance; host liquor liability insurance, employment practices liability insurance; employee dishonesty/crime insurance; and property insurance. The policy also includes liability insurance for fund raising events with up to 2,000 participants.

Dollars: $1 million per occurrence/$2 million aggregate.
Carriers: Lexington rated “A+” XV by A.M. Best. Non-admitted.
States: All.
Contact: Patti Craig at 225-709-8551 or e-mail patti.craig@aig.com.