Nuts & Bolts: ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Excess Casualty introduced ÌìÃÀÍøÕ¾´«Ã½´«Ã½ ExcessPrime, a $25 million commercial liability program that provides insureds with additional excess limits. ÌìÃÀÍøÕ¾´«Ã½´«Ã½ ExcessPrime is designed to sit in excess of $50 million lead commercial umbrella insurance. To qualify for ÌìÃÀÍøÕ¾´«Ã½´«Ã½ ExcessPrime, an ÌìÃÀÍøÕ¾´«Ã½´«Ã½ member company must currently underwrite the existing lead commercial umbrella layer. The program offers occurrence and claims made forms to provide substantial flexibility to risk managers who need a variety of coverage options. The ÌìÃÀÍøÕ¾´«Ã½´«Ã½ ExcessPrime initiative features a streamlined quoting process for current ÌìÃÀÍøÕ¾´«Ã½´«Ã½ clients. When an insured submits an application for lead umbrella coverage, the ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Excess Casualty underwriting team will automatically provide a quote for ÌìÃÀÍøÕ¾´«Ã½´«Ã½ ExcessPrime, eliminating the need to submit multiple applications for various coverages.
Dollars: Minimum premium of $2,000/$1 million.
Carrier: ÌìÃÀÍøÕ¾´«Ã½´«Ã½, rated “A” (excellent) by A.M. Best.
States Available: All states.
Contact: Melena Ortega, melena.ortega@ aig.com
Topics Excess Surplus Commercial Lines Business Insurance ÌìÃÀÍøÕ¾´«Ã½´«Ã½
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