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Latest News
REU Success Stories
January 2012
| CLASS OF BUSINESS: | LINES OF COVERAGE: | PREMIUM: |
|---|---|---|
| Dumpster Company Beer Pong Tournament Window/Door Contractor Night Club Fine Dining Restaurant Vacant Building Hotel Convenience Store Apartments Bar Auctioneer Environmental Contractor Commercial GC Famous Local Bar Condominiums Private Investigator Church Toy Manufacturer Shopping Strip Mall Plastic Manufacturing Environmental Engineer Jewelry Distributor Jewelry Distributor Wellness Distributor Utility Contractor Elderly Housing |
Umbrella Special Event CGL/Liquor/A&B CGL/Liquor Package Commercial Property CGL/Liquor/A&B Package CGL/Liquor/A&B Package CGL/Garage Environmental CGL/Umbrella CGL GL/D&O CGL/E&O/W&C CGL CGL/Property CGL/Property Excess Professional Layered Property(So. FL) Jewelers Block Life Sciences Excess Liability Package |
$3,500 $500 $9,000 $6,924 $8,840 $11,569 $8,210 $7,418 $750 $5,845 $4,207 $52,000 $44,600 $15,000 $10,000 $7,000 $8,000 $4,000 $19,750 $8,500 $40,000 $100,000 $16,000 $69,000 $20,000 $22,000 |
Why Not Put Your Next Account on Our Success List?
Umbrella/Excess | General Liability | Property
Professional | Directors & Officers | Commercial Auto | Trucking
Environmental | Allied Medical| Miscellaneous E&O
Architects & Engineers | EPLI | Bars & Restaurants | Liquor Liability
Aviation | Special Event | Entertainment | Guides & Outfitters
Workers Compensation
GIVE US A CALL TO DISCUSS YOUR ACCOUNT TODAY!
Check-Out REU’s New Product for Auto Repossession
November 2011
Coverage Offered:
- Commercial General Liability coverage
- Garage Keeper Coverage-Options to provide coverage to a third party/legal liability basis, or first party/physical damage alternative
- Additional Insured-Financial Institutions-Automatic status when required in written contract or agreement
- Personal Property of Others Legal Liability-Coverage for the property of others in a covered auto-$5,000 limit applies
- Assault and Battery coverage can be included
- Wrongful Repossession
- On Hook Coverage for Repossed Automobiles and other vehicles-Coverage is provided while on the hook of the insured tow trucks
- Operation of Repossed Automobiles and other vehicles up to a 100 mile radius from an insured location during the repossession process.
Limits Available
- General Liability: $1,000,000 per occurrence
- Excess Liability: UP to $5,000,000 in Excess limits available
Submission Requirements:
- Repossessors Supplemental Application or equivalent
- Driver list and current MVRs
- Currently-valued carrier loss information for a minimum of five years and description of all claims
New Lower Premium Finance Rates!
September 2011
Some of the many benefits include:
- Convenience of a signature-ready finance agreement with all quotes
- Competitive interest rates and payment terms
- Agent and insured web access to account status and online payments
- Optional email notifications to agent and insured for impending cancellations
- Premier customer service and much more!
Looking for Storage Tank Pollution Liability Coverage for Underground or Above Ground Tanks?
August 2011
| The Berkley Environmental Difference |
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| The TankAdvantage Difference |
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| TankAdvantage Coverage Options |
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| TankAdvantage Appetite |
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| TankAdvantage Submissions |
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Why Not Put Your Next Account on Our Success List?
June 2011
| CLASS OF BUSINESS: | LINES OF COVERAGE: | PREMIUM: |
| Dumpster Company Beer Pong Tournament Window/Door Contractor Night Club Fine Dining Restaurant Vacant Building Hotel Convenience Store Apartments Bar Auctioneer Environmental Contractor Commercial GC Famous Local Bar Condominiums Private Investigator Church Toy Manufacturer Shopping Strip Mall Plastic Manufacturing Environmental Engineer Jewelry Distributor Jewelry Distributor Wellness Distributor |
Umbrella Special Event CGL/Liquor/A&B CGL/Liquor Package Commercial Property CGL/Liquor/A&B Package CGL/Liquor/A&B Package CGL/Garage Environmental CGL/Umbrella CGL GL/D&O CGL/E&O/W&C CGL CGL/Property CGL/Property Excess Professional Layered Property(So. FL) Jewelers Block Life Sciences |
$3,500 $350 $9,000 $6,924 $8,840 $11,569 $8,210 $7,418 $750 $5,845 $4,207 $52,000 $44,600 $15,000 $10,000 $7,000 $8,000 $4,000 $19,750 $8,500 $40,000 $100,000 $16,000 $69,000 |
Why Not Put Your Next Account on Our Success List?
Umbrella/Excess | General Liability | Property |
Professional | Directors & Officers | Commercial Auto | Trucking
Environmental | Allied Medical| Miscellaneous E&O
Architects & Engineers | EPLI | Bars & Restaurants | Liquor Liability
Aviation | Special Event | Entertainment | Guides & Outfitters
Workers Compensation
Artisan Contractors: Seminole Casualty Receivership
March 2011
As you may know, Seminole Casualty, a Florida domiciled insurance company, was placed into receivership as of March 15, 2011. According to public information, Seminole has over 2500 artisan contractor general liability policies inforce in Florida. We understand that these policies must be cancelled and replaced on or before April 14, 2011 per order of the liquidator, the Florida Department of Insurance – for more information go to http://MyFloridaCFO.com/Receiver/Seminole/intro.htm.
Don’t get caught short with your artisan contractor clients!
REU has excellent markets for these accounts, both ADMITTED and NON-ADMITTED. Each of our carriers maintains an
A.M. Best Company rating of at least an A.
Comm’L GC’s – Roofers – Concrete Work/Masonry
Carpentry– Electrical– Grading/Excavation – HVAC
Metal Erection – Painting – Sheet Metal
Waterproofing – Millwright – Welding – Demolition
Custom Home Builders – Water Mains – Sewer Mains
Siding/Framing – Street & Road
Blanket WOS – CG 2404 (10/93) written contract
Primary & Non-Contributory – CG 2010 (10/01) written contract
Also CG 2037 (10/01) written contract
Per Job Aggregate – No Cap
West Virginia Public Entity Program
February 2011
Click below to learn more…
Florida Insurance Challenges for 2011
January 2011
We trust your 2010 ended on a high note. We all look forward to a healthy, happy and prosperous New Year!
As we kick-off 2011, Florida remains a very dynamic insurance community, full of change and possibilities. A new era of leadership begins in Tallahassee and the issues will be framed and influenced by this new team.
Several important agenda items for 2011 for agents, companies and wholesalers alike range from Workers’ Compensation reform, the Property Insurance Bill, Citizens Reform, further Commercial Rate Deregulation to Sink-Hole coverage to name just a few. Gary Fineout’s Capitol Report article in the December 2010 issue of Florida Underwriter magazine discusses many of these issues and more. Here’s the link to Gary’s article. Make sure your voice is heard in Tallahassee!
Another interesting topic for the wholesale community and our retail agents will be the Non-Admitted and Reinsurance Reform Act (NRRA). This becomes the law of the land on July 21, 2011. It is a part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. For the most part, the Act deals with the taxation of E&S premium for multi-state risks as well as regulation of the E&S industry when working with multi-state risks – the “home state” of the risk. It has been left to the states to determine and agree on the premium collection and tax allocation by state. Often referred to as the “Big Broker Bill”, its’ implementation could result in a tax savings windfall for the multi-state risk. Conversely, there is the potential loss of premium tax revenue (and assessments) for the state of Florida and others. Don’t get caught off guard by your clients on this one!
Remember – the Florida Hurricane Cat Fund assessment increased to 1.3% effective January1, 2011. This is due to increasing losses from the 2005 hurricanes – it will be levied from January 1, 2011 to December 31, 2016.
As 2011 moves forward here a few Florida statistics you might find interesting:
- Employees in the Insurance Industry – 124,100
(Source: State of Fl. Agency for Workforce Integration) - New, Admitted Property Insurance Carriers in Florida must have at least $5,000,000 in policyholders surplus to obtain a license. New, Non-Admitted carriers must have $15, 000,000 in policyholders surplus.
- Citizens has the largest number of property insurance polices in Florida with 18% of the residential market. Their total exposure (residential and commercial) is $457 billion – their surplus during the 2010 hurricane season was about $4.6 billion (excluding Cat Fund reimbursement and bonding capability).
- Florida Hurricane Cat Fund – maximum exposure for the current contract year is $18.8 billion; would require additional bonding requirements of $9.4 billion over existing resources to pay their maximum actual obligations for the current year – this would result in an assessment of almost 3% annually for 30 years.
- Sinkholes – reported claims in 2006 – 2,360; in 2010, 6,694 reported claims. Sinkhole costs increased from $209 million in 2006 to $406 million in 2010.
We want your business – call us for an application or to discuss your next account!
We have excellent in-house underwriting facilities for property, GL and professional liability as well as outstanding brokerage markets!
Think REU for your Environmental Contractors and Consultants
December 2010
We’ve got you covered!
- Combined Coverage Form – Occurrence Commercial General Liability, Occurrence Contractors Pollution and a Claims Made Professional Liability
- Comprehensive Coverage Form with Blanket Additional Insured and Waiver of Subrogation available
- Competitive Minimum Premiums
- Additional Product Offerings Available in Conjunction with the Liability Policy:
- Mold Coverage – Occurrence Basis
- Workers Compensation
- Business Auto
- Umbrella
- Examples of Operations Entertained:
- Analytical Lab Analysis
- Emergency Response/Spill Clean Up
- Environmental Compliance
- Hazardous Materials Consulting
- Liquid Waste Remediation
- Mold, Asbestos or Lead Abatement
- Remedial Investigation
- Soil Remediation
- Tank and Pipe Cleaning
- Underground Storage Tank Testing and Removal
For market details and supplemental applications, please contact one of our brokers or underwriters.
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