Source: http://insurancenewsnet.com, April 7, 2015
Great American Insurance Group is pleased to announce $50 million per loss/$100 million policy aggregate limits of liability for its complete pollution product line. This expanded capacity, which is among the highest in the environmental insurance marketplace, can be offered on both a primary layer or on an excess of loss basis.
John Reynolds, President of Great American’s Environmental Division, stated, “This major expansion, combined with our significant underwriting expertise and capabilities, places Great American Environmental as one of the elite insurers in the environmental liability arena.”
Great American’s robust environmental liability products and expanded capacity are available to companies domiciled in the United States or Canada, including some associated international exposures, and are currently sold through retail and wholesale brokers throughout the U.S. and Canada. Great American’s Environmental Division offices are located in Plymouth Meeting, PA, San Francisco, CA, and New York, NY.
About Great American’s Environmental Division
Great American Insurance Group’s Environmental Division provides a comprehensive portfolio of environmental insurance products to a broad array of industries. All products can be customized to address the specific risks and exposures of the client. Products include: Premises Environmental Liability Insurance, Indoor Air Quality and Mold Liability Insurance, Contracting Services Environmental Liability Insurance, Contracting Services Project Specific Environmental Liability Insurance, Professional and Contracting Services Environmental Liability Insurance, Excess Environmental Liability Insurance, and Closure and Post-Closure Financial Assurance. Environmental insurance products are written by one of Great American Insurance Group’s surplus lines insurance subsidiaries. Surplus lines insurance may not be available in all jurisdictions. This is not intended as a solicitation or offer to sell an insurance product in a jurisdiction in which the solicitation, offer, sale or purchase thereof would be unlawful. Coverage description is summarized. Refer to the actual policy for a full description of applicable terms, limits and exclusions.
About Great American Insurance Group
Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for over 100 years (most recent rating evaluation of “A+” (Superior) as of March 20, 2015). The members of the Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange and NASDAQ Global Select Market under the symbol AFG.