New Admitted
Wind Facility
Now open for new business for accounts with total
insurance values of $2,500,000 or less in the follow-
ing counties: Alachua, Baker, Bay, Bradford, Calhoun,
Clay, Columbus, Desoto, Dixie, Duval, Escambia,
Franklin, Gadsden, Gilchrist, Glades, Gulf, Hamilton,
Hardee, Hendry, Highlands,Holmes, Jackson, Jefferson,
Lafayette, Lake, Leon, Levy, Liberty, Madison, Marion,
Nassau, Okaloosa, Okeechobee, Orange, Osceola, Polk,
Putnam, Santa Rosa, Seminole, St. Johns, Sumter,
Suwanee,Taylor, Union, Wakula, Walton, Washington.
Construction Type Restrictions
NEW WIND MARKET
Non-admitted, A-X A.M. Best Rated Carrier
Open in all counties except no frame in Tri-County area.
Risks must have a minimum TIV of 5,000,000 but under 10,000,000.
Frame, JM, NC construction must be 1994 or newer.
Superior construction must be 1980 or newer.
Limits available for coastal counties is 2,500,000 first loss limit; inland counties up to 5,000,000.
Suggested minimum rates/premiums:
Central Florida up to Jacksonville: 1.50 per 100 values.
Tri-County: 4.00 per 100 values.
Coastal Counties: 2.00 per 100 values.
Minimum Premiums per Million: 25,000 Except Tri-County at 40-50,000.
Qualified risks that meet above criteria should submit completed Acord Application with Property Spreadsheet to:
Hit Ratio will be monitored by ICAT!!!
April 27, 2006
**********************
Revised Evanston Specified
Medical Policy Form
Shand Morahan & Company (Evanston) has made changes to their Specified Medical policy form. Highlights follow:
Expands THE INSURED coverage to include:
Coverage for medical director for
administrative acts.
Coverage for students for risks with
training programs.
Affirms volunteer worker coverage and
defines who is a volunteer worker.
Replaces “Optional Extended Reporting Period: with the standard industry terminology, “Extended Reporting Period.”
Defines coverage for professional services as the “Professional Services” described on the Declarations.
Expands “Definitions” in a newly created “Definitions” section.
Affirms “pure” claims made (not “claims made and reported”).
Expands exclusions to include RICO and ERISA (which are usual and customary exclusions in the marketplace today) and the exclusion for “guarantee of cure/treatment success.”
“Sexual Acts” exclusion modified. No longer an absolute exclusion. Now, provides “Named Insured” defense for vicarious liability of “Named Insured” unless there was prior knowledge.
Adds “Premium and Audit” section under OTHER CONDITIONS that addresses “Insured’s” and “Company’s” rights when a premium is auditable.
“Punitive Damages” exclusion has moved from the EXCLUSION section. Look for “Punitive Damages” to be addressed in the definition of “Damages” in the new DEFINITION section.
For more information about the revised and improved Specified Medical form, contact us at
mail@gmarkelsurplus.com
February 28, 2006 Rev.March 14, 2006
*** Colony Ins. Co. announces new stance on Assault & Battery. The Assault & Battery exclusion is no longer mandatory on the following programs:
Beauty/Barber
Bed & Breakfast
Car Wash
Caterer/Hall (with less than 25% liquor receipts)
Club
Day Care (still mandatory on any in-home operations)
Laundry/Dry Cleaner
LRO
Locksmith
Mobile Home Park
Restaurant
Sport Camp
Swimming Pool Contractor
Tanning Salon
Temp Employment Agency
Vacant Building
A sub-limit of $50,000. each claim/ $100,000. aggregate on Apartments is also being offered.
*** Markel Ins. Co. announces they will begin offering basic health insurance. Please visit their website at www.markelbasichealth.com for detailed description of programs available.
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