Event updates and news from NeitClem's carriers and business partners.
AM Best Financial Rating has increased to Financial Size Category to IX Fast Turnarounds Competitive quotes delivered promptly so you can respond to clients without delays. Complete Submissions Include: Acord Supplemental https://www.neitclem.com/applications online Currently Valued Loss Runs GET A QUOTE: www.neitclem.com Email: Quotenow@NeitClem.com Phone: 323-258-2600 Text: 818-612-0657
Keeping You Current with Nautilus Fast Turnarounds Competitive quotes delivered promptly so you can respond to clients without delays. Complete Submissions Include: Acord Supplemental https://www.neitclem.com/applications online Currently Valued Loss Runs GET A QUOTE: www.neitclem.com Email: Quotenow@NeitClem.com Phone: 323-258-2600 Text: 818-612-0657
LIMITS For UMB, FFEXS and High EXCESS coverage: $1 million -$5 million High Excess available within the first $25 million (not including primary limits). TARGET CLASSES OF BUSINESS: Real Estate: Dwellings, Vacant Land, LRO Buildings, Homeowner/Town Home and Condo Associations. Services: Commercial and Trade Contractors Service Providers. Family Style & Fast-Food Restaurants Hospitality: Hotels. Manufacturing, Distributors Retail/Mercantile and Garage Fast Turnarounds Competitive quotes delivered promptly so you can respond to clients without delays. Complete Submissions Include: Acord Supplemental https://www.neitclem.com/applications online Currently Valued Loss Runs GET A QUOTE: www.neitclem.com Email: Quotenow@NeitClem.com Phone: 323-258-2600 Text: 818-612-0657
District Cover's recent wins show where they are finding the yes: Mixed-use, LRO, Restaurants, and Main-street Retail. Mixed Use: Ground-floor retail with up to 10 residential units above. No habitability exclusion. • Mixed Use | San Francisco, CA | $7,415 LRO — Retail & Office: Offices, medical offices, professional and personal services, light retail. • LRO Office | San Francisco, CA | $13,450 • LRO Retail | San Jose, CA | $11,925 • LRO Office | Los Angeles, CA | $11,422 Restaurants: Casual dining, fast food, delis and bakeries. Under 50% liquor sales. • Fast Food | San Diego, CA | $15,112 • Casual Dining | San Jose, CA | $12,148 • Fast Food | Los Angeles, CA | $7,857 Main-Street Retail: Grocery, convenience, liquor, salons and similar storefronts. • Grocery | San Francisco, CA | $24,851 • Grocery | Oakland, CA | $10,656 • Convenience Store | San Jose, CA | $6,902 Most of these were declined elsewhere on crime score or location. That's the business District Cover is built for. Why we can write it: • E&S MGU backed by Vantage Risk Specialty, A- (Excellent) AM Best • No theft, vandalism or riot exclusions or sublimits • A&B exclusion on a limited basis only • Up to $10M TIV ($5M Tier 1 and Tier 2), GL $1M/$2M • $2.5M wildfire capacity • Monoline property or full commercial package, multi-location quoting Have one on your desk that others passed on? Send it over — quote turnaround is 24 to 48 hours. (Submission Platform) Fast Turnarounds Competitive quotes delivered promptly so you can respond to clients without delays. Complete Submissions Include: Acord Supplemental https://www.neitclem.com/applications online Currently Valued Loss Runs GET A QUOTE: www.neitclem.com Email: Quotenow@NeitClem.com Phone: 323-258-2600 Text: 818-612-0657
Here's a requirement we keep hearing from brokers placing Freddie Mac and Fannie Mae financed properties: full coverage for vandalism and theft, with no restrictive exclusions or sublimits. Our new Mixed Use product was built to solve exactly that. What it means for your next submission: • Full limits on both vandalism and theft — no carve-outs to explain to your lender • A cleaner fit for Freddie Mac/Fannie Mae requirements, without working around coverage gaps • One less reason for a deal to stall in underwriting If you've got a mixed-use risk tied to Freddie Mac or Fannie Mae financing sitting on your desk right now, this is worth five minutes of your time. → Submit your mixed-use risk for a quote Prefer to review the coverage first? Check out the Mixed Use brochure for full product and coverage details. Not sure if it fits? Send it our way anyway — we'll tell you within one business day. → Submit for Quotation (drag and drop) www.NeitClem.com Appetite Highlights Have a small commercial risk in a higher-crime area? We want to see it. Built specifically for small businesses that are hard to place because of location or crime exposure. Key Coverage & Capacity Advantages • No theft, vandalism, or riot exclusions or sublimits • Assault & Battery exclusions used only on a limited basis — mainly C-stores, liquor stores, and 24-hour operations • Monoline Property now available • Multiple locations accepted • Up to $10M TIV outside Florida, Tier 1, Tier 2, and other coastal areas • CAT capacity up to $5M • Risks within one mile of the coast considered when construction quality is superior • No audits for our targeted classes Our Sweet Spots • LROs: Offices, medical offices, personal services, and light retail. No habitational, warehouses, or restaurants. A&B exclusions used only in rare cases. • Light Retail: Smaller square footage preferred • Outpatient Healthcare: Doctors, dentists, physical therapy offices, and similar risks • Professional Services: Accounting firms, law offices, real estate offices, and similar • Personal Services: Nail salons, spas, barber shops, and similar • Restaurants: Under 50% liquor sales; more attractive with lower TIVs or inland locations • C-Stores: No gas, under 4,000 sq. ft.; inland locations preferred • Grocery Stores: Under 4,000 sq. ft.; inland locations preferred • Liquor Stores: Under 4,000 sq. ft.; inland locations preferred • Laundromats: Smaller square footage, $300K TIV or less; inland locations preferred • Artisan Contractors: No GCs; available in NC, AZ, IN, MI, MN, OH, and TX Have an account that fits — or one you're struggling to place because of crime score or location? Send it our way and we'll take a look. Fast Turnarounds Competitive quotes delivered promptly so you can respond to clients without delays. Complete Submissions Include: Acord Supplemental https://www.neitclem.com/applications online Currently Valued Loss Runs GET A QUOTE: www.neitclem.com Email: Quotenow@NeitClem.com Phone: 323-258-2600 Text: 818-612-0657
The California Surplus Lines Market Index (CA SL Index) is a high-level measure of the relative health of the California Surplus Lines market over time. This dashboard displays the past 12 months' Registered Premium (including Taxable Fees) or transactional volume with a comparison to the prior year. This dashboard can be filtered by policy type.
“I would encourage everyone to be optimistic and excited about the future. I think for quality of life it is actually better to go on the side of being an optimist and wrong rather than a pessimist and right.”
Took the stage at Admiral Excess annual meeting (a W. R. Berkley Corporation) to talk through the Surplus Lines Marketplace, the U.S. and World Economy, where we sit in today’s insurance cycle, and what AI means for Insurance. Thirty-plus years of surplus lines perspective, shared with the room.
Excess Medical Professional Fast Turnarounds Competitive quotes delivered promptly so you can respond to clients without delays. Complete Submissions Include: Acord Supplemental https://www.neitclem.com/applications online Currently Valued Loss Runs GET A QUOTE: www.neitclem.com Email: Quotenow@NeitClem.com Phone: 323-258-2600 Text: 818-612-0657
Admiral HNL Flyer Fast Turnarounds Competitive quotes delivered promptly so you can respond to clients without delays. Complete Submissions Include: Acord Supplemental https://www.neitclem.com/applications online Currently Valued Loss Runs GET A QUOTE: www.neitclem.com Email: Quotenow@NeitClem.com Phone: 323-258-2600 Text: 818-612-0657
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