We want to increase our program business in commercial lines. Here are some guidelines to consider.
Type of Business Written
We currently write property, casualty (including professional liability) and package. We are not interested in workers compensation or medical malpractice. We prefer specialty business, but avoid catastrophe lines such as California earthquake or Gulf Coast windstorm.
Type of Business Sought
We prefer to seek targeted classes that will be profitable rather than compete for commodity business. We must understand the exposure, be able to price the exposure adequately and be able to service the business.
We will give preference to programs that come with reinsurance.
|
Minimum Premium
We prefer $1,000,000 or more for an annual book of business, depending on reinsurance arrangements.
Territory
Our preferred territory is the West, and particularly California. Topa Insurance Company also does business in several other states (see "About Us" in this web-site for details). As a regional company, we are not able to underwrite nationwide programs.
Processing
We require that all program producers have the ability to issue policies and transmit policy data electronically.
|
