FCCI Specialty to offer E&S lines starting October 2024
FCCI Specialty to offer E&S lines starting October 2024 | Insurance Business America
Insurance News
FCCI Specialty to offer E&S lines starting October 2024
New platform targets hard-to-place risks
Insurance News
By
Kenneth Araullo
FCCI Insurance Group announced that FCCI Specialty Insurance Company will begin accepting excess and surplus (E&S) lines of business on October 1, 2024.
The new company is set to provide coverage solutions for a wide range of business classes and industries, specifically targeting hard-to-place commercial risks through appointed agents.
Beginning October 1, agents in Florida, Georgia, and Texas will be able to submit General Liability (GL) and Commercial Excess business to FCCI’s new E&S platform. In the first quarter of 2025, agents from the Mid-Atlantic, Midwest, and Gulf Coast regions will also be able to submit GL and Commercial Excess policies, further expanding the company’s reach.
By the second quarter of 2025, FCCI Specialty Insurance Company plans to introduce Property, Inland Marine, and Crime coverage, which will be available when packaged with GL.
FCCI Specialty Insurance Company will provide a flexible suite of insurance products tailored to meet the specific needs of various industries, with a focus on GL and Excess Liability.
Founded in 1959 and based in Sarasota, Florida, FCCI Insurance Group offers commercial property and casualty insurance, risk control services, and surety bonds. The company operates through 551 contracted agencies and 3,839 independent agents across 20 states and Washington, D.C.
FCCI provides coverage in areas such as auto, crime, cyber liability, equipment, property, general liability, inland marine, umbrella, and workers’ compensation. It also offers contract and commercial surety bonds in 45 states.
FCCI Insurance Group services industries including agribusiness, construction, manufacturing, medical and professional, restaurants and hospitality, retail, service and repair, and wholesale and distribution.
The company holds $3 billion in assets and $1.1 billion in direct written premium, and is rated A (Excellent) by A.M. Best. FCCI operates regional and branch offices in Florida, Georgia, Indiana, Mississippi, Texas, and Virginia.
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