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Market Updates
May 5, 2021
 
 
 

Allied Building Material Agency (ABM)

 
ABM is a wholesale brokerage owned by Pennsylvania Lumbermens Mutual Insurance Company. We are able to place all lines of coverage for PLM and wood industry niche customers, but specifically fill the need for Workers' Comp coverage placement. ABM has partnered with an array of A-rated, national carriers deemed the best fit for the lumber industry's workers' comp needs. Targeted classes include: Hardware Stores, Light Wood Products Manufacturers, Retail/Wholesale Building Material Dealers, Heavy Wood Products Manufacturers and Sawmills.
 
States: Available in all US states except AK & HI.
 
Offered by: Allied Building Material Agency (ABM)
 
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Market Announcements
 

Pawnbroker's Package Policy

FCI's pawn shop insurance program includes liability for items leased, owned and pledged, or held on consignment, out-of-safe items, glass, and stock to include guns and jewelry. More details at this link: Pawnshop Insurance. 

States: 50 states + DC

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Contractor Classes

* General contractors * Artisan contractors * Home builders * Including 100% paper GC * 99% acceptable classes * Blanket AI available * Blanket WOS availabnle * All bells and whistles available * CG 2037 completed ops endorsement available * ...

States: 47 states

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Umbrella Insurance, Excess Liability
 

MPA writes Umbrellas for Community Associations, Real Estate, Restaurants, Hotels, Family Entertainment Centers, Professional Liability and Active Shooter.

 
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McGowan Program Administrators

 
 

Lender Placed Flood Insurance

Bridge60 is PFI's force placed flood insurance program for residential, commercial, real estate owned (REO) and mobile home properties located within mandatory flood zones. The product currently mirrors the coverage limits of the National Flood Insurance Program (NFIP) with immediate coverage during the mandatory 45-day notification period...

States: 50 states

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Paramount Trucking Program

Our trucking program is designed for trucking and transportation companies domiciled in the state of Texas, hauling goods for hire with a local to intermediate radius. Coverages Available * Auto Liability * Physical Damage * Non-Owned Trailer PD/Trailer Interchange * General Liability Eligible Operations * ...

States: 1 state

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Feature Articles
 

In a Hard Market, Agents Must Meet the Excess E&O Challenge Head On

Brokers are caught between a rock and a hard place when it comes to arranging excess E&O cover for their professional clients. This is an increasingly sought after cover as contractual ...

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A Sure-ty Bet: Why Agents Should Specialize in the Commercial Surety Space

Agents with clients who need license and permit bonds, miscellaneous bonds, court bonds, or any number of bonds classified as "commercial," should think twice about letting this business go to ...

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Forum Discussions
 

Driving School

Need a carrier for driving schools in NJ, NY, PA.

by somskys on Tue May 4, 2021

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DIC for a Modular Home California

I'm looking for a DIC policy for California.

by wetryharder on Mon May 3, 2021

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Need Driveaway Contractor Quote

Hello,   I need a quote for driveaway contractor. Insured has 2 drivers; they do not haul by truck, they drive the vehicles to deliver from dealer to dealer or dealer to clients homes. Insured needs physical damage comp & coll limit up to $140k. Please let me know if you have a market other than NICO or Prime. Thank you. 

by dis3111 on Fri Apr 30, 2021

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Market for Converted Truck

Insured in Ohio owns a 1990 International 4000 Truck that will be converted to a 1 ton pickup truck. This truck will not be used for commercial purposes. Solely personal use to haul their camper. Any markets out there for this?

by mshreve on Wed Apr 28, 2021

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GL for an LRO that filed Chapter 11

In immediate need of a carrier that will entertain GL for an LRO with several properties in NJ, 1 in Fl and 1 in NY. Filed Chapter 11 and and almost up to date with all debt. Needed for 4/30/21 effective date.

by gregheitmann on Fri Apr 23, 2021

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