May, 2007
 

LEMAC OFFERS THE BEST & MOST COMPREHENSIVE SOLUTIONS FOR YOUR EARTHQUAKE, FLOOD AND WIND RISKS
 

Los Angeles, CA… Lemac & Associates has new markets for Catastrophe Insurance on Major Damage Earthquake, Wind, Flood and Terrorism risk exposures, according to a recent announcement by William Newton, President and CEO.

About Our CAT Markets
Our select “A” rated carriers are quoting catastrophe business including…

EARTHQUAKE coverage in California, Washington, Utah, Nevada, the New Madrid exposed states and other major damage areas…

WIND/HURRICANE coverage in Florida, Texas, Hawaii, the Gulf Coast States and other Tier 1 and 2 Wind areas…

FLOOD coverage in the 100 Year Flood Zones, as well as any other Flood Zone needed…

TERRORISM coverage in hard to insure cities, such as New York, Las Vegas, Los Angeles, San Francisco and Chicago…

Our General Coverage Specifications:

• Minimum premiums are as low as $10,000

• Single or multiple locations with no limit on Total Insurable Value

• No restrictions on Age, # Buildings, nor Construction

• Property limits - $200,000,000+ (multiple carriers)

• Deductibles as low as $25,000; generally standard % deductibles (2-5%) for Flood, Earthquake and Wind

• Valuation: Replacement Cost, Agreed Amount

• Perils – All Risk, Difference In Conditions or Single Peril

• Territory: All States

MAJOR DAMAGE EARTHQUAKE AND WIND AREAS IN THE USA

Act Now – We can help you solve your Catastrophe coverage issues and write more business!

SERVICES & KNOWLEDGE UNMATCHED
In our last market update, we reported that the “CAT market had hardened considerably and become very unpredictable.” We have worked diligently with insurers to offer our clients the best solutions. We will help you prepare your business with information and state of the art technology that in the past was only available to insurance carriers. We believe that you will find our current knowledge, capacity, capabilities and services unmatched.

SERVICES:

1. CATASTROPHE MODELING – Our Global Analytics division allows us to provide RMS, EQE and other comprehensive CAT Management reports. These reports have assisted our clients in estimating loss scenarios, making buying decisions, structuring insurance placements and a wealth of other information, beautifully presented for your use.

2. GOVERNMENT POOLS – We have access & expertise in getting our clients FLOOD and WIND quotes from the government pools. We have the expertise to take the “red tape” out of your job.

3. APPRAISAL SERVICES – We have nationwide capabilities to help you document insurance to value, which has been a very hot topic for most Property underwriters these days. We can customize the service to your budget and needs (from simple Marshall Swift replacement cost values to comprehensive on site reconstruction & certified market value reports).

4. FILLINGS - We handle filings in ALL STATES.

5. RISK INFORMATION – For your risks we can help you provide many facts that underwriters want to know to quote your CAT business, Flood (certified or non-certified) determination, Earthquake Zones, Wind Zones, distance from the water, distance from the fire department, bush exposed locations, …and much more.

6. COVERAGE, FORM AND PROGRAM ANALYSIS - We can provide a comprehensive review of the carriers, the policy terms & conditions, limits, exposures, market prognosis, offer the best professional solutions and tailor a program to fit your client.

For more information
Please call John Sorrell, Jim Kennedy or your Lemac account executive. John can be reached directly at (323) 932-5713 or jsorrell@lemacassociates.com; Jim can be reached directly at (323) 932-5704 or jkennedy@lemacassociates.com; or visit www.lemacassociates.com.

About Lemac & Associates
Lemac & Associates has been in business since 1984 and operates as a wholesale broker and managing general agency. They are one of the west’s largest wholesalers. Lemac is a one-stop resource offering an extensive line of commercial insurance products including Liability, Workers’ Compensation, Property, Earthquake/DIC, D&O, Professional Liability, Environmental and small accounts through its General Agency Division. In 2006, Lemac joined forces with Risk Placement Services Inc., becoming a major division in one of the top wholesale networks in the world and expanding our market clout and capabilities to an unmatched level. Headquartered in Los Angeles, CA, Lemac & Associates also has an office in Orange, CA.