Monday, October 3, 2022
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SURE expands industrial insurance coverage into Louisiana


Within the final yr, eight property insurance coverage corporations in Louisiana have turn out to be bancrupt attributable to extreme disaster losses and an absence of sufficient capital. At the very least 112 different corporations have submitted withdrawal notices to depart the state.

In distinction, SURE mentioned it had a powerful surplus, a strong reinsurance program and a powerful monetary outlook. As well as, its underwriting companion SageSure is the main property insurance coverage MGU targeted on disaster dangers.

“Difficult markets deserve progressive options backed by a monitor file of sturdy outcomes,” mentioned Ed Konar, president of SURE. “We’re excited to companion with SageSure to be a long-term supply of dependable protection for Louisiana entrepreneurs and their rising companies.”

Learn subsequent: SageSure launches industrial insurance coverage line in coastal areas

SageSure underwrites a broad spectrum of lessons, together with eating places, retail and wholesale, places of work, habitational, artisan contractors, and different providers. In complete, greater than 300 lessons are eligible for SURE’s BOP program.

“Our crew focuses on industrial threat throughout quite a few lessons to make sure broad urge for food, tailor-made protection, and aggressive pricing,” mentioned Victor dos Santos, president of business insurance coverage at SageSure. “Our agent portal presents a best-in-class on-line quoting and binding expertise that streamlines securing mandatory safety for Louisiana enterprise homeowners.”

SURE’s BOP program presents protection for a spread of property loss occasions, legal responsibility for bodily accidents, legal responsibility for promoting accidents, lack of earnings lined by property occasions, and extra.

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