SARASOTA, Fla., Oct. 1, 2024
/PRNewswire/ -- FCCI Insurance Group is proud to announce the
launch of FCCI Specialty Insurance Company, which is now accepting
Excess and Surplus (E&S) lines as of October 1, 2024. This strategic move marks a
significant expansion of FCCI's offerings, providing innovative
coverage solutions for a wide range of business classes and
industries, particularly those with hard-to-place commercial
risks.
This strategic move marks a significant
expansion of FCCI's offerings, providing innovative coverage
solutions.
Initially, appointed agents in Florida, Georgia and Texas will have the opportunity to submit
General Liability (GL) and Excess Liability business through FCCI's
new E&S platform. FCCI partnered with Cognizant and Duck Creek
Technologies to establish a new, modernized Policy Delivery
platform to support the E&S business processes with the ability
to adapt to changes and deliver exceptional service to agents and
policyholders. This targeted approach aims to address the growing
need for flexible and robust insurance solutions in markets that
face unique challenges.
By the first quarter of 2025, FCCI will further broaden its
scope, enabling agents in the Mid-Atlantic, Midwest and Gulf Coast
regions to submit GL and Excess Liability policies, thereby
enhancing the company's reach and presence in the E&S
marketplace.
"FCCI Specialty gives us the opportunity to complement our
current and highly successful existing businesses while positioning
us to capture additional business with new products, expanded
appetites and customized underwriting, giving our agents even more
reasons to partner with FCCI. We're excited that our E&S
company has been rated A (Excellent) by A.M. Best," said
Tracey Pfab, FCCI Executive Vice
President and Chief Regional Officer. "FCCI's E&S company
enables us to enter this profitable and fast-growing market,
meeting the needs of our agents and policyholders. It makes perfect
sense!"
Furthering its mission to provide comprehensive risk management
options, FCCI Specialty Insurance Company plans to introduce
Property, Inland Marine and Crime coverage by the second quarter of
2025. These additional lines will be available when packaged with
General Liability and Excess Liability, offering a complete suite
of coverage options for businesses facing diverse risks.
FCCI's expansion into the E&S market is a testament to the
company's dedication to serving the evolving needs of businesses
across various industries. By working with appointed agents, FCCI
aims to deliver exceptional service and customized insurance
solutions to businesses that require specialized coverage.
About FCCI Insurance Group
Founded in 1959 in Sarasota,
Florida, FCCI Insurance Group provides commercial property
and casualty insurance, risk control services and surety bonds.
FCCI writes business exclusively through 551 contracted agencies
and 3,839 independent agents in 20 states, plus Washington, D.C. Coverages include auto,
crime, cyber liability, equipment, property, general liability,
inland marine, umbrella and workers' compensation. Contract and
commercial surety bonds are written in 45 states. FCCI insures
policyholders across many industries, including agribusiness,
construction, manufacturing, medical and professional, restaurants
and hospitality, retail, service and repair, and wholesalers and
distributors. FCCI has $3 billion in
assets, $1.1 billion in direct
written premium and is rated A (Excellent) by A.M. Best Company.
FCCI has regional and branch offices in Florida, Georgia, Indiana, Mississippi, Texas and Virginia. To learn more, visit
www.fcci-group.com.
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SOURCE FCCI Services, Inc