McAuley Woods & Associates

News and Events

News

June 23, 2009
Staffing Industry General and Professional Liability

We now have access to a much broader PL/GL product which is specifically created for the staffing industry. We have always had the state of the art EPL form for PEO's and Staffing Firms (to which we can add D&O and Fiduciary) but we are now pleased to have the full package to allow us to compete on an equal or better footing with the likes of National Union and any other Staffing products on the market. Please find more here>>

June 12, 2009
Familiar Wind Market Now Writing Mid-Rise Condos in Florida

We have another competitive market for Mid-Rise Condos in the coastal areas of Florida. The rules are relatively relaxed for submitting business and they can write large schedules, but the values need to be between $10 million per building and $35 million per building. Construction needs to be ISO 4, 5 or 6, and there is no age limitation. Please find more here>>

May 11, 2009
New Propery Market Writing Everywhere

McAuley Woods and Associates is now writing property business with a new market. This E&S carrier has $10 million in capacity, but are typically working with $5 million. They can write any distance to water including beachfront. If you have cat-exposed risks that need additioanl capacity, please find more about them here>>

February 13, 2009
Think Your Broker is Sending Business to AmRisc? Think Again...

As you may already know, AmRisc has created and posted on their website their Elite Producer Program. AmRisc has created 6 levels of producers; Producer, Silver, Gold, Platinum, Diamond, and Black. Currently, there are no producers assigned to Diamond and Black, but McAuley Woods shares the status of Platinum with a select group of wholesalers around the country. What does this mean for you? more>>

February 3, 2009
McAuley Woods and Associates Expands Virginia Office

Corinne R. Simon has joined McAuley Woods and Associates in its Charlottesville, Virginia office as legal counsel and producer for the firm.

“Corinne’s legal background will prove beneficial for agents and insureds, whether they are seeking to customize or evaluate coverage and policy language or needing assistance with a claim,” said Bob McAuley.

Most recently, Corinne worked as an attorney for Holland & Knight, LLP, where she specialized in civil litigation. Prior to law school, she worked as a media consultant for a boutique crisis management firm in Washington, DC.

“I was impressed with the time and attention given to each project and the talent and expertise of the staff at McAuley Woods,” said Corinne. “I’m excited to join the team.”

December 12, 2008
New Large Capacity Opens

One of our top markets just rearranged some of their cat property capacity and strategies to offer $75mm per location with values up to $1 Billion (yes, that's Billion with a "B"). We are one of the few lucky wholesalers approved for this and are excited about the possibilities of helping you place your large, more difficult cat exposed property. more>>

November 5, 2008
Aggressive Property Market Back Open in South Florida

We just met with one of the key property markets writing primary and buffer layers for coastal wind in Florida that has been closed for several months. They informed us they are back open and ready for business. They have $10mm in capacity for any construction type and can even write calendar year deductibles now on some habitational risks. more>>

November 5, 2008
Trailing Deductibles Are Available for Property

McAuley Woods has been successful writing trailing deductibles with one of our markets for wind coverage. This is something that can give you a competitive advantage and catch your opponents off-guard. How does a trailing deductible work? Suppose you have a 5% wind deductible that amounts to $300,000 with a $100,000 trailing deductible. If the insured has a loss that exhausts the deductible, any subsequent claim would be subject to a $100,000 deductible instead of 5%. more>>

September 29 2008
Lexington is Being Backed by Berkshire Hathaway

Lexington Insurance Company announced today that effective September 15, 2008 it has arranged a Contingent Property Reinsurance cover from Berkshire Hathaway’s National Indemnity Company for Lexington’s Real Estate Portfolio. The reinsurance provides coverage under the same policy terms and conditions as issued by Lexington. In the event of a covered loss, Berkshire stands behind Lexington. more>>

Aug 27 2008
McAuley Woods and Associates is excited to announce that it has completed negotiations with Geneva Risk Services, to open McAuley Woods of the Midwest.

McAuley Woods and Associates is excited to announce that it has completed negotiations with Adrian Smith, CEO of Geneva Risk Services, to open McAuley Woods of the Midwest. Adrian's current team of producers and account managers will join him to begin operations effective immediately.more>>

Aug 11 2008
Aggressive markets for property coverage on agricultural business in coastal and non-coastal areas.

McAuley Woods is aggressively writing agricultural business and can customize a manuscript policy to your insured's specific needs in some cases. Since manufacturers are also responsible for the safety of food and beverage products they manufacture, we also have product recall coverage available for additional peace of mind.more>>

June 23 2008
Specified Contract Coverage Now Available for Truckers.

Ever have an insured with the need to have higher limits for one or two customers, but not their entire fleet? We can now write specified contract coverage for your truckers. In the event they are hauling for a customer that requires the higher limits and there is a loss, they will be covered for the higher limits. We have the flexibility to write buffer and excess coverage even over the primary $1mm limit.more>>

June 23 2008
You Say "Tomato", I Say "Salmonella..."

It's all over the news, and as of this writing, there were nearly 250 cases of illness reported from tomatoes tainted with the salmonella bug. How can you protect your clients? McAuley Woods can offer solutions for food borne illness incidents including coverage to replace income during mandatory closings and Trade Name Restoration to both protect their brand name and keep the media from further damaging their reputation.more>>

June 9 2008
Blanket” Involuntary Unemployment Insurance (“IUI”)

With unemployment rates rising in many states, lenders, builders, automobile dealers, cell phone companies and many other entities providing services to consumers are becoming more and more concerned about decreases in sales. These entities are also concerned that if more people become unemployed, they won’t be able to make their monthly payments on their mortgage, car loan, cell phone service and/or utilities. Similarly, many consumers are delaying or avoiding purchasing certain items due to current economic uncertainty more>>

May 2008
Zest Fest" Loti in Leaders Edge Magazine.

From smashing fruit to smashing sales records, Loti Woods creates a successful boutique wholesale operation! more>>

May 19 2008
Why use wind buybacks?

Wind Buybacks, or Wind Deductible Buy-Downs, can be used strategically to give you an edge on your competition and make disasters much less costly to insureds. more>>

May 2, 2008
Premier Primary & Excess E&S Casualty Market.

McAuley Woods and Associates announces a premier primary & excess E&S casualty market that is aggressively writing new business.more>>

May 2, 2008
New Allied Healthcare Market.

McAuley Woods and Associates now has a new Allied Healthcare market. Additional available coverage's include non-owned auto, defense in addition to the limits, incident sensitive claims trigger, employment benefits liability and sexual abuse/molestation. more>>

April 20 2008
Custom Home Builders.

McAuley Woods has new market capacity for custom home builders. We are looking for builders with up to 20 home starts per year and a have a minimum premium of $25,000. We can do limits up to $2/$2 limit with excess up to $5mm with no restriction on the size of the homes.More>>

March 31 2008
New Small Umbrella Market.

One of our top rated carriers is launching a small umbrella product offering lead coverage limit options up to $10 million. Perfect for construction, manufacturing, real estate, service, wholesale, retail, and trucking risks that have less than 25 units. The umbrella needs to follow carriers that are A- VII or better and have a premium range from $5,000 to $30,000. They even have a dedicated underwriter with local authority for this business for quick turnaround. They are writing on admitted paper with a competitive umbrella form that is designed to eliminate gaps. more>>

January 15, 2008
Contract Carriers.

McAuley Woods & Associates announces new product alignment effective 12/1/2007. We now have a market dedicated exclusively to Excess and Umbrella Liability for Truck for Hire, Contract Carriers, Specialty Auto and Contractors. In an effort to better serve all these classes our market has increased their capacity to $5,000,000 while offering more competitive terms for all classes. more>>

December 6, 2007
Mold" Is No Longer A Bad Word.

McAuley Woods & Associates, proudly offers mold insurance products to the domestic insurance marketplace. Mold is no longer a “bad word.” Our approach to mold coverage is to provide real, dedicated mold coverage, along with standard environmental impairment liability coverage's to the marketplace with reasonable premiums and without the voluminous underwriting criteria of the past.

Target Markets are Commercial Real Estate, Habitational Real Estate, Institutional Real Estate, Contractors, Wrap-Ups. Please click here for more information on limits, deductibles and other specifications. more>>

October 16, 2007
Excess Liability on Petroleum Dealers and Wholesalers.

We're writing Excess Liability on petroleum dealers and wholesalers. Classes of business included are fuel oil, gasoline, LPG distributors, both wholesale and retail operations, gas stations, HVAC contractors, convenience stores, auto repair, car washes and more. In addition, pollution coverage including Hostile Fire and Upset and Overturn is available. Preferred attachment is $1,000,000 and we can provide limits up to $5,000,000. Contact us for more details.

October 9, 2007
Think Wind Pools Can't Be Beat? Think Again!

Recent market conditions have opened up the ability for many markets to be competitive with state wind pools. If you have a condo in a wind prone area outside of Florida (Citizens is still very competitive), don't assume the wind pool is your best option anymore.

October 9, 2007
Excess School Bus Coverage Available Up To $9,000,000.

McAuley Woods is now writing Excess Liability on school buses throughout the country. Coverage can be stand-alone Excess Auto or on an Umbrella form. Our preferred attachment point is $1,000,000 and limits are available up to $9,000,000. Contact us for details.

October 9, 2007
New Capacities for Your Risks.

We have new $25M lead excess capacity and up to $50M for excess using admitted paper for many GL classes including financial institutions, manufacturing, apartments, retail, wrap ups, hotels & resorts, and contracting among others.

September 6, 2007
General Star Now Offering $2 Million Occurrence Limit.

General Star has increased their occurrence limit from $1 million to $2 million on all classes of business. For claims made policies, they have eliminated their step increases for the first three years, discounted mature claims made business, and have zero deductibles available on risks that meet certain criteria.

September 6, 2007
A+ 15 Best Rated Company Will Now Consider Wind Only Business and Older Office Exposures.

A+ 15 Best Rated Company has tweaked their underwriting guidelines to include risks that would have not normally been considered. They will now consider:

Wind only business
Pre 1980 office exposures with updated roofing (within 10 years) on an exception basis
1995 or newer frame and joist construction outside of Florida Tri-County

They also have the following capacities:

$25 million is available for X-Wind anywhere for any construction
$15 million is available with wind for fire resistive construction in Florida
$10 million is available with wind for MNC construction in Florida
$5 million is available with wind for frame construction in Florida (Outside of Tri-County, 1995 or newer)
$25 million is available outside of Florida

Sunday July 29th, 2007
Chubb Opens New Capacity in Florida.

Chubb is once again writing ground up limits in Tri-County x-wind. Their limits are no longer capped at $10MM. In the Cat Unit, they bumped their capacity from $10MM to $25MM if the account meets their Risk Characteristics points system. Buildings in flood zones A, V, B and Shaded X, are subject to $15MM max and required to be MNC or better construction.

Sunday July 29th, 2007
Stock Throughput Helps Your Clients With Inventory In Transit.

This coverage is available for all stock and materials in trade while goods are anywhere in the world and can be arranged for both goods in transit and goods in storage. This type of policy is suited to virtually all industry types ranging from manufacturing, distributing and retailing to wholesaling.
Limits to $30,000,000 any one location or transit available; excess limits can be quoted. Coverage can include furniture, fixtures, fittings, improvements and betterments, interior glass, machinery, equipment, EDP equipment and media up to a limit of $500,000 any one location. Retail outlets and showrooms can be covered up to a limit of $500,000 for any one location.