Amwins Specialty Casualty Solutions Launches Comprehensive Public Entity Excess Casualty Program for Municipalities
Amwins Specialty Casualty Solutions Launches New Program for Public Entities
Amwins Specialty Casualty Solutions (ASCS), recognized as a leading managing general agent (MGA) and specialty insurance program developer, has recently unveiled its new Public Entity Excess Casualty Program. This initiative reflects ASCS's commitment to providing tailored insurance solutions for public sectors, notably municipalities, educational institutions, and special service districts.
Addressing Unique Challenges
Public entities face an array of complex issues in today's risk environment, making it increasingly difficult to secure customized insurance coverage. The new program by ASCS is designed to meet these challenges head-on, delivering innovative risk management strategies that cater specifically to the needs of these organizations. Andrew Kay, ASCS’s president, emphasized the program's role in positioning the company as a market leader in public entity insurance services.
"This program positions us as an industry leader in the public entity market," Kay stated. "By adding this program to our portfolio, we’re empowering public entities with a seamless, all-in-one solution for property, casualty, and workers' compensation coverage all under one roof."
Comprehensive Coverage Features
The Public Entity Excess Casualty Program offers extensive coverage options, including:
- - Liability Coverage: Up to $3 million per occurrence.
- - Workers' Compensation: Up to $2 million per occurrence available as reinsurance.
- - Customizable Options: Organizations can select a wide variety of coverage attachments and structural features to meet their specific needs, including annual aggregate deductibles aimed at achieving premium targets.
- - Eligibility Criteria: The program is versatile enough to cover pools and individual risks, requiring a minimum self-insured retention (SIR) of $100,000 and a minimum premium of $200,000 per account share.
ASCS’s program is well-timed, considering the recent challenges that public entities have encountered in obtaining effective insurance solutions. With backing from AM Best
Topics General Business）
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