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News and Information Article
WASHINGTON, Aug. 31 // -- The National Association of
Professional Insurance Agents (PIA) announces a new market for insurance
agents Errors and Omissions (E&O) insurance through Lloyds, London -
utilizing Lighthouse Underwriters, LLC (a member company of U.S. Risk
Insurance Group, Inc.) as the preferred E&S broker for this coverage. This
facility, established over ten years ago, utilizes six syndicates for
primary coverage and six for excess.
According to PIA Executive Vice President & CEO Len Brevik, "We believe
that this new E&S market is important for many agencies due to changing
underwriting appetites in the admitted marketplace for agents E&O. Due to
narrowing underwriting requirements, many more independent agencies need to
access this coverage through non-admitted carriers. This new market were
offering is significant since PIA can now provide coverage to more agencies
than ever before. From new start-up agencies to the largest brokers, PIA
can place the business."
In addition to placement through PIA National, applications will also
be accepted through many PIA affiliates as well.
Coverage limits range from $1M/$1M to $5M/$5M and applications will be
accepted for virtually any size and type of agency with the exception of
MGAs and wholesalers.
For more information, visit the PIA National website at
http://www.pianet.com/PIAMainStreetStore/ or contact Anelda Peters at
703-518-1382.
Founded in 1931, and celebrating its 75th anniversary in 2006, PIA is a
national trade association that represents member insurance agents and
their employees who sell and service all kinds of insurance, but specialize
in coverage of automobiles, homes and businesses. PIA members are Local
Agents Serving Main Street America.
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