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Giving Thanks
Newsletter – Thursday, November 15, 2012
Here we are again with the holidays upon us and Thanksgiving just around the corner. I have to say that I am very thankful that election season (if 12+ months can rightfully be called a ‘season’) is behind us. The years go by faster and faster, and I am sure I have reached that age where this is no longer a cliché. As I do a quick review of the past year, I realize I have so much to be thankful for: my mother’s recovery from a nearly fatal condition, my daughter’s happiness at her new school, my family’s celebration of new family members, and most of all, that I work with the greatest group of people in the business. I am constantly amazed at the passion and dedication they have for our customers and this organization; they make me want to be a better leader.
I just returned from a company meeting and it was interesting to hear what is going on across the country in our industry. So many of my peers are struggling to get enough aggregate, they have to stop writing business in the middle of the month because they have no more capacity in CAT prone areas. I am also hearing of carriers mandating pricing increases. Some carriers have taken the position that they would be better off not writing business in this economic climate than settle for the pricing levels they are seeing - their money, their rules. Now I know what it is like to be Greek.
We are seeing some good pockets of opportunity lately with our Excess and Umbrella products. I have been pleasantly surprised to note that this is one of our fastest growing lines of business in both personal and commercial lines. In our personal lines, we have always had the ability to write a broad of range of risks. We write the typical household with unexceptional exposures for very competitive pricing. In fact, you can get a quote for limits from $1 to $5 million online. We also have the ability to write high profile individuals, people with less than stellar driving records, multiple properties, lots of toys – you get the picture. Check us out – with four different markets on both admitted and non-admitted paper, there is very little we can’t help you with.
In commercial lines, we are seeing Excess & Umbrella opportunities for all kinds of operations. We write a lot of coverage in conjunction with our own underlying placements as well as on a monoline policy. The Package Team is happy to quote on the restaurants they write and the Transportation Team is doing a great job writing excess on trucking. We are seeing a lot of opportunity on heavier exposures like manufacturing or the typical storefront businesses. Ask your underwriter about adding excess or umbrella coverage to your quote - Tuscano CAN do it!
Have a great Thanksgiving and remember to give thanks for the freedoms we enjoy – both economic and personal liberties and say a prayer for Americans everywhere who guard our freedom - here and around the world.
Peace,
