CalSurance Professional Liability Insurance Program for Real Estate Brokers Now Available Wholesale; Coverage Offered Through Exclusive Partnership with Arch Insurance Group
ORANGE, Calif.–(BUSINESS WIRE)–May 8, 2003
CalSurance (www.calsurance.com), a national insurance sales, service and support organization, has announced that the exclusive partnership it established last year with Arch Insurance Group to offer professional liability insurance for real estate brokers will now be open on a wholesale basis to insurance brokers and agents.
“CalSurance’s exclusive partnership with Arch Insurance Group provides real estate brokers and their sales associates with broad professional liability coverage. The program includes coverage for claims arising out of pollution, discrimination, insured-owned property, lockbox property damage and seller’s errors and omissions,” said CalSurance Vice President, Nancy Evans.
“As a program manager, CalSurance has provided thousands of real estate firms nationwide with comprehensive professional liability coverage and we’re pleased to be expanding the distribution of Arch’s first-rate program,” she added.
Evans said that claims will be handled by Lancer Claims Services, a third-party administrator that has specialized in E&O claims for more than 25 years and specifically real estate E&O over the past eight years. CalSurance and Lancer Claims are subsidiaries of Brown & Brown of California, Inc.
For information on the program, insurance brokers and agents can visit the CalSurance Web site or contact Nancy Evans, vice president, affinity marketing division.
Coverage may not be available in all states.
About Arch Insurance Group
Arch Insurance Group is a division of Arch Capital Group Ltd., a Bermuda-based company that provides insurance and reinsurance on a worldwide basis through its wholly owned subsidiaries. Arch Insurance Group’s principal insurance subsidiaries — Arch Insurance Company, Arch Specialty Insurance Company and Arch Excess & Surplus Insurance Company — are rated A- (Excellent) by A.M. Best.
CalSurance and Lancer Claims are an insurance sales, service and support organization comprised of many diverse and specialized programs, with a total of 160 employees. CalSurance and Lancer Claims are subsidiaries of Brown & Brown of California, Inc. The company is licensed across the United States and is an appointed agent/broker with more than 25 of the major insurance carriers. CalSurance is a program manager for Arch Insurance Group. In addition they are also program managers for Fireman’s Fund Insurance Companies, Zurich Insurance Group-U.S., and Travelers Insurance.
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