RECENTLY WRITTEN ACCOUNTS
Type of Risk: Engineering Firm in NJ
This account was non-renewed by their previous carrier due to claims activity as there was a severe loss with payments over 150k. NAS was able to underwrite the account and the claims information and provide a competitive quote to help the broker retain the account.
Type of Risk: Life Science Start-Up
As this insured had a lapse in D&O coverage, the incumbent didn’t want to entertain the risk due to financial condition. However, NAS was able to review the funding plans and the interim financials and provide a quote. Terms were quoted around $7,500 for a 1MM Limit.
Type of Risk: Retailer in Southern California
This retailer had a change in control and the incumbent carrier would not waive the takeover provision on the EPL policy. NAS was able to offer terms with full prior acts coverage and an updated prior and pending litigation date since the acquisition was made by a long time employee of the company. Broker was successful in retaining the risk.