When The Standard Market Says No Lets face it, rejection happens. Most risks will find placement on the standard market among admitted insurance carriers. But not all. Standard market risks are considered to have favorably low exposure to loss, are traditional in their coverage needs and fit into typical...
What is a “Hard-To-Place Risk”? One of the more ambiguous terms in the insurance lexicon is “Hard-To-Place Risk.” The more this uncertain phrase is unpacked and understood, the better producers are positioned to identify and write such risks in their book of business. To dig a little deeper. Often...
Integrated Services: The “In-House” Advantage At a time with insurance providers are increasingly outsourcing their core services, Prime Insurance Company continues to house and operate the essential functions of underwriting, claims handling and risk management within the organization. The “in-house” model supports the departments in working...
A New Market For Distressed Commercial Auto Risks In Florida Prime Property and Casualty Insurance Inc. (“PPCI”) has rolled into the Florida commercial auto market as a bold new admitted carrier specializing in insurance solutions for distressed and substandard risks. With PPCI, producers now have an...
Paragliding and powered paragliding have enjoyed increased popularity and with it a growing demand among adventure seekers to fly in the sky. In response many paragliding schools and businesses have opened to provide instruction, training and ultimately a one-of-a-kind experience for individuals interested in paragliding....
Prime Insurance Company specializes in writing unconventional and challenging risks beyond the appetite and capacity of the standard market. Over the past 30 years, brokers and agents have developed trust in Prime Insurance Company as a carrier that provides a stable market for their specialty...
Understanding is the ability to comprehend, grasp and absorb information. To understand is to comprehend, but remember, knowing is not the same as understanding. In the case of insurance knowing about insurance is not the same as understanding insurance. Knowing what kind of insurance coverages...
Prime Insurance Company, through its affiliated Claims Direct Access, (CDA), has decades of experience handling complex multi-line and multi-jurisdiction claims across the Property and Casualty spectrum. Our in-house legal and claims team has resolved over 60,000 claims in all 50 states, the Virgin Islands and...
At first glance, creating a captive insurance company which is wholly owned by its insureds may appear attractive because it allows companies to have more control over how they are insured. However a closer examination of captive insurance companies can reveal that they may not...