2004-A PIVOTAL YEAR

Rough Notes, Mar 2004

The policy's named insured definition includes school nurses, speech therapists, athletic trainers, and physical therapists. Coverage applies to non-owned watercraft up to 50 feet in length, fellow employees, bodily injury, personal and advertising injury for course-related chat rooms and bulletin boards, and specified foreign education activities.

The GL policy is written on an admitted basis and is available in Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, New Hampshire, North Carolina, Ohio, Pennsylvania, Tennessee, Vermont, and Virginia.

AIG Private Client Group offers collector car coverage

AIG Private Client Group introduced a program for the owners of collector cars. Currently available in California and New York, the program allows collector and regular-use vehicles to be covered under one policy. Developed for high net worth individuals who own vintage automobiles, motorcycles, and other specialty vehicles, the program contains an agreed value provision and allows the insured to choose a repair facility.

Chubb offers new professional E&O policy

The Chubb Group has introduced Chubb PROE&OSM, a new errors and omissions liability policy that will be tailored to meet the individual needs of various professionals. Among the classes to be insured are: advertising firms; Web page designers; auction houses; consultants; financial planners; human resources consultants; management consultants; printers; and public relations firms. Each account will be individually underwritten.

Coverage includes a broad definition of a claim and includes defense for written demands for monetary or non-monetary relief as well as arbitration proceedings. Other features include:

*Spousal liability coverage which helps protect executives' and employees' spouses who are named as co-defendants;

*Severability of exclusions which allows for exclusions to be determined separately for each insured person, and no knowledge is imputed to other insured persons to determine the applicability of exclusions;

*Punitive or exemplary damages are provided under the law that is most favorable to the insurability of these damages in any jurisdiction that has a substantial relationship to the insured, Chubb, the policy, or the claim;

*Subsidiary coverage is automatically included; and

*Electronic services can be included.

GE Commercial increases E&S capacity

GE Commercial Insurance, a division of ERC, has increased its capacity to write umbrella and follow form excess coverage underwritten by its Specialty Excess & Surplus Lines Individual Risk unit. The unit underwrites business through select wholesale brokers. The unit now has capacity for limits of $5 million for both lead and excess umbrella layers.

Classes written in the Specialty E&S Individual Risk Underwriting unit include: agricultural; alarm dealers, installation and service companies; amusement parks; athletic equipment manufacturing; commercial artisan contractors; commercial real estate; component parts manufacturing; consumer products; food processing; habitational; hotels/motels; industrial products manufacturing; restaurants and bars, including liquor; and wholesale distributors.