Amwins Specialty Casualty Solutions (ASCS) has introduced its Public Entity Excess Casualty Program, designed to provide insurance solutions for municipalities, schools, and special service districts.
The program is backed by AM Best "A-" rated carriers and supported by a panel of global reinsurers.
The program includes liability coverage of up to $3 million per occurrence and workers' compensation coverage of up to $2 million per occurrence, with workers' compensation available only as reinsurance. ASCS said the program will consider a range of coverage structures, including annual aggregate deductibles, to meet premium targets.
Eligible risks include municipalities such as cities, counties, towns, and villages, as well as public schools, community colleges, special service districts, and public housing authorities.
The program is designed for both risk pools and individual accounts, with a minimum self-insured retention of $100,000 and a minimum premium of $200,000 per account.
Public entities in the United States faced a dynamic risk landscape, influenced by economic pressures, technological advancements, and environmental challenges.
In 2024, public sector organizations notably grappled with economic uncertainties, including inflation, which strained budgets and affected service delivery. The increasing sophistication of cyber threats also posed significant risks to public entities, necessitating robust cybersecurity measures to protect sensitive information and critical infrastructure.
Challenges in attracting and retaining skilled personnel also emerged as a critical concern, impacting the effectiveness and efficiency of public services.
Evolving regulatory landscapes required public entities to adapt swiftly to new compliance requirements, demanding agility and proactive governance.
ASCS president Andrew Kay said the new program integrates property, casualty, and workers' compensation coverage into a single solution to address increasing demand for comprehensive risk management.
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