Distinguished Programs
Distinguished Programs Launches Commercial Insurance Program
for Affordable Housing
The Program Targets Multi-Family, Low-to-Moderate Income Housing
New York, NY - Distinguished Programs (www.distinguished.com), an insurance program developer that specializes in products for the real estate industry, has rolled out a national property and liability program geared to increase the availability of "market level" insurance coverage for the affordable housing industry.
The program, which includes all-risk property, liability and umbrella protection, focuses on: low-to-moderate income, privately-owned, multi-family housing where more than 20% of the rental income is governmental subsidized. The product is designed specifically for the needs these property owners face. One of the key features is the Business Income portion of the policy. Unlike a standard property form, it covers loss of both rents and government subsidies. The program is underwritten by standard, A-rated carriers and is now available to independent agents and brokers in 46 states.
Distinguished Programs provides a broad range of insurance products to the residential and commercial real estate industry, including: property, general liability, high limits umbrella and directors & officers liability, through a nationwide network of independent agents and brokers. The firm has offices in New York, Ohio, Illinois, California, Colorado and Rhode Island. Its operating units also include ReSource Pro, a back-office support and remote staffing operation in Qingdao, China, and Saranac Insurance Company, a reinsurer based in Barbados.
For more information: Carla Vel, COO, (212) 297-3102, cvel@distinguished.com
Leisure/Sports Specialists, LLC
Leisure/Sports Specialists (LSS) Establishes Partnership
with Target Market Specialists and RLI and Expands Market Services
Fort Wayne, IN - Leisure/Sports Specialists, LLC (LSS), a privately held underwriting organization that distributes its specialty sports and leisure insurance products through retail brokers, has established a partnership agreement with Target Market Specialists (TMS), a subsidiary of RLI, one of the leading underwriters within the commercial property and liability insurance industry (rated A+ "Superior" by A.M. Best). Through TMS, LSS will provide specialized general liability products on an exclusive basis for Amateur Sports and Motor Sports associations, teams, leagues, and their respective governing/sanctioning bodies; family entertainment centers and amusement parks; sports, leisure, recreation and exhibition venues, and multi-use convention centers. LSS and TMS will distribute these products on a non-admitted basis through Mt. Hawley Insurance Company, another RLI subsidiary.
In addition to the aforementioned products, LSS will begin distributing existing RLI property and casualty products specific to other classifications within the sports and leisure industries that include bowling centers, special events, golf courses, and sports training facilities.
About LSS
LSS corporate offices are located in Fort Wayne, Indiana, and may be reached by calling toll free 866-969-1101 or 260-969-1101 or online at www.leisuresportsspecialists.com.
About RLI
RLI Insurance Company, Mt. Hawley Insurance Company and RLI Indemnity Company - are rated A+ "Superior" by A.M. Best Company and A+ "Strong" by Standard & Poor's. For additional information, contact RLI Executive Vice President, Target Market Specialists James Davis at (972) 481-1034 or at james_davis@rlicorp.com or visit our website at www.rlicorp.com.
About Target Market Specialists
Target Market Specialists (TMS) provides specialty niche products and service solutions through appointed regional wholesale program administrators and retail agents with special focus on serving the hospitality, sports, leisure and recreation industries. More information is available online at www.tms-ins.com.
Markel American Insurance Company
Markel American Insurance Company Announces
Launch of Markel Boat Program and MAGIC System
PEWAUKEE, WI, - Markel American Insurance Company is pleased to announce the April 1st launch of its new Markel Boat program.
MAIC's new Markel Boat program is intended to write watercraft up to 26 feet. The target market for the product is very broad, with competitive rates and coverage for a new runabout, a personal watercraft, an airboat, a 100 MPH performance boat and anything in between. The new program offers some of the best coverage in the marketplace, including Replacement Cost coverage, Diminishing Deductibles, stand-alone Pollution, Wreck Removal as well as other options such as Primary Fishing and Boat Lift coverage.
The new Markel Boat product will be driven by MAGIC, MAIC's new web-based processing system. With the new system, agent referral submissions can now be completed with the click of the mouse and most risks won't even require an application.
Agents interested in access to the Markel Boat program can call 1-800-236-2862, ext. 2628 or go to the www.markelmarine.com website to reach one of MAIC's marine general agents.
A subsidiary of the Markel Corporation, Markel American Insurance Company specializes in the lines of Powersport Products, Specialty Marine, Preferred Yacht and Small Boat, and Specialty Property, and Wedding/Private Event Insurance. For more information on our products, please visit www.markelamerican.com.
Safeco
Safeco Consolidates Nonprofit Social Service Product Line with NIF Group, Inc.
Seattle, WA - Safeco announced today that its insurance product line for nonprofit social service agencies will now be available to all independent agents through on national source, NIF Group, Inc.
The company will underwrite and manage Safeco's nonprofit social service program, which spans a broad spectrum of 501(c) (3) organizations, including:
- Drug and Alcohol-Treatment Centers
- Mental Health Facilities
- Homeless/Family Shelters
- Child/Family Services
- Community Service Agencies
For more information:
Contact NIF Group, Inc. (877) 426-7643 or Safeco at www.safeco.com
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