DIC Program includes Earthquake, Earthquake Sprinkler Leakage, and
Flood Coverage
STAMFORD, Conn.–(BUSINESS WIRE)–GenStar announced today the launch of a Difference in Conditions (DIC)
Program. GenStar will partner with Atlas General Insurance Services, who
will administer the DIC program that includes Earthquake, Earthquake
Sprinkler Leakage, and Flood.
“GenStar is excited to collaborate with Atlas. They are a committed
partner with a quality product, dedicated people, and advanced
technology,” said Matt Brown, Senior Vice President and GenStar
Delegated Division Manager. GenStar President and CEO Marty Hacala
added, “GenStar continues to expand its program offerings. We are
delighted to combine the security, expertise, and service of Atlas and
GenStar, amplifying the strengths of both organizations.”
The DIC coverage will be written with limits up to $5,000,000 per
occurrence and policy term aggregate for primary policies with locations
in California. There will be a $2,500,000 maximum for policies with
locations in any other U.S. jurisdictions. Maximum individual policy TIV
will be $75,000,000.
The DIC Program will be written on a non-admitted basis by GenStar’s
General Star Indemnity Company, which is rated A++ (Superior) by A.M.
Best Rating Services, Inc. and carries an AA+ Insurance Financial
Strength Rating from S&P’s Global Ratings. GenStar is a wholly-owned
subsidiary of General Reinsurance Corporation, a Member of the Berkshire
Hathaway Family of Companies.
General Star Indemnity Company is an eligible surplus lines insurer
in all states, the District of Columbia, Puerto Rico, and the Virgin
Islands. It has the status as an unlicensed insurer in California and
operates under NAIC Number 0031-37362. Insurance is placed with the
General Star Indemnity Company by licensed producers and, for risks that
qualify, by licensed surplus lines brokers.
Contacts
GenStar
Regina M. Kirwan
Senior VP, Chief Marketing Officer
+1.203.328.6908,
[email protected]
