Catastrophe Catastrophe

Product Information

We provide several types of Catastrophe insurance products:

ICW Group Offers More
DIC - Difference in Conditions
Reinsurance - Assumed Catastrophe

 

ICW Group Offers More

We listen to our customers and have the flexibility to provide catastrophe insurance products tailored to their individual needs. These attributes are complemented with a focus on service and accessibility. Doing business with ICW Group can provide you with the following benefits:

  • Swift response time
  • Flexibility - Our underwriters have the authority and experience to provide solutions crafted to fit specific needs.
  • Consistent market - We write on our paper and don't have changing markets like some of the MGA's, which can cause disruption.
  • Availability and accessibility
  • Knowledgeable underwriters
  • Access to an admitted market
  • Capacity - $30 million
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DIC - Difference in Conditions

Our DIC Policy provides coverage for perils that are not covered by your standard property policy (subject to policy exclusions). The two major perils that are covered under our DIC policy are Earthquake and Flood.

Since 1993, ICW has been underwriting commercial DIC accounts that are earthquake driven on both a primary and an excess basis, and we have grown to become one of the leading markets for Commercial Earthquake insurance in the country! We are an admitted market in all states where we conduct business.

We provide coverage for:

  • Buildings
  • Business personal property
  • Loss of Business Income
  • Earthquake Sprinkler Leakage
  • Betterment or Repairs required by local ordinance or law

Depending on the specific needs of the risk, we may be able to provide additional peril coverage. ICW Group will extend limit up to $30 million.

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Reinsurance - Assumed Catastrophe

ICW Group has been in the assumed catastrophe business since 1990. Our aggregations are managed by placing no more than $10 million in limit in any one peril zone. Our limit is backed up by our creditworthiness, our AM Best rating of A- and over $510 million in policyholder surplus.

ICW Group insurance companies are also on the Benfield list of approved reinsurers. We partner with companies that do not generally aggregate with our primary California earthquake operation.

Our focus is on business that can be modeled with a high level of accuracy. We specifically target Earthquake risks in the Pacific Northwest, Alaska, New Madrid and New Zealand.

Additionally, we have capacity to participate on Workers' Compensation Catastrophe programs in excess of a 10-year return period.

 

To find out more, or to do business with ICW Group, Contact Us.

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