News Bloghttp://www.siumanagers.comThu, 24 May 2012 04:10:55 GMTFri, 24 May 1912 04:10:55 GMTPolicy Limits Changehttp://www.siumanagers.com/policy-limits-changeThu, 27 May 2010 19:43:55 GMTAngela C. Urrutia

May 3, 2010

TO: ALL OUR PROPERTY BROKERS

RE: SIUManagers – DIFFERENCE IN CONDITIONS (DIC) FACILITY

Dear Friends:

We are very excited to announce an increase in capacity!

We may now offer up to $30,000,000 in policy limits on our QBE Specialty Insurance Company products.

Also, we have updated our minimum value requirements for Replacement Cost coverage. Attached is a copy of our new requirements for your reference. Of course, we will still accept a Marshall Swift or other valid form of building valuation or copies of the last three years’ fire insurance policy showing the limits and values.

We hope that you will find these changes beneficial to your marketing and production efforts.

We have made every effort to provide quality products, excellent service, and integrity in our underwriting. Should you have any questions please do not hesitate to contact me or one of our underwriters.

Sincerely,

Angela C. Urrutia
Executive Vice President

Minimum required values for Replacement Cost (Without valid Valuation Documentation)

Earthquake Zones A, B, C & D:

Description Class Code Minimum Price/Sq Ft
Wood Frame – Dwellings D 1A, 1B,1C, 1D 420.00
Wood Frame D 1A, 1B,1C, 1D 160.00
All Metal S 2A & 2B 55.00
Steel Frame A 3A, 3B, 3C 210.00
Reinforced Concrete B 4A, 4B, 4C & 4D 190.00
Mixed Construction C 5A, 5B & 5C 130.00
Tilt-up C 5AA 80.00
Engineered EQ Resistive A 6 315.00

Earthquake Zone E:

Description Class Code Minimum Price/Sq Ft
Wood Frame – Dwellings D 1A, 1B,1C, 1D 335.00
Wood Frame D 1A, 1B,1C, 1D 125.00
All Metal S 2A & 2B 45.00
Steel Frame A 3A, 3B, 3C 170.00
Reinforced Concrete B 4A, 4B, 4C & 4D 150.00
Mixed Construction C 5A, 5B & 5C 105.00
Tilt-up C 5AA 65.00
Engineered EQ Resistive A 6 250.00

Earthquake Zones F, G & H and Non-California

Description Class Code Minimum Price/Sq Ft
Wood Frame – Dwellings D 1A, 1B,1C, 1D 275.00
Wood Frame D 1A, 1B,1C, 1D 105.00
All Metal S 2A & 2B 40.00
Steel Frame A 3A, 3B, 3C 135.00
Reinforced Concrete B 4A, 4B, 4C & 4D 125.00
Mixed Construction C 5A, 5B & 5C 85.00
Tilt-up C 5AA 55.00
Engineered EQ Resistive A 6 210.00
]]>http://www.siumanagers.com/policy-limits-changeDIC - VALUATION GUIDELINES Updatehttp://www.siumanagers.com/dic-valuation-guidelines-updateThu, 27 May 2010 18:21:10 GMTAngela C. Urrutia

VALUATION (05-01-10).doc 

Minimum required values for Replacement Cost (Without valid Valuation Documentation)

Earthquake Zones A, B, C & D:

Description Class Code Minimum Price/Sq Ft
Wood Frame – Dwellings D 1A, 1B,1C, 1D 420.00
Wood Frame D 1A, 1B,1C, 1D 160.00
All Metal S 2A & 2B 55.00
Steel Frame A 3A, 3B, 3C 210.00
Reinforced Concrete B 4A, 4B, 4C & 4D 190.00
Mixed Construction C 5A, 5B & 5C 130.00
Tilt-up C 5AA 80.00
Engineered EQ Resistive A 6 315.00

Earthquake Zone E:

Description Class Code Minimum Price/Sq Ft
Wood Frame – Dwellings D 1A, 1B,1C, 1D 335.00
Wood Frame D 1A, 1B,1C, 1D 125.00
All Metal S 2A & 2B 45.00
Steel Frame A 3A, 3B, 3C 170.00
Reinforced Concrete B 4A, 4B, 4C & 4D 150.00
Mixed Construction C 5A, 5B & 5C 105.00
Tilt-up C 5AA 65.00
Engineered EQ Resistive A 6 250.00

Earthquake Zones F, G & H and Non-California

Description Class Code Minimum Price/Sq Ft
Wood Frame – Dwellings D 1A, 1B,1C, 1D 275.00
Wood Frame D 1A, 1B,1C, 1D 105.00
All Metal S 2A & 2B 40.00
Steel Frame A 3A, 3B, 3C 135.00
Reinforced Concrete B 4A, 4B, 4C & 4D 125.00
Mixed Construction C 5A, 5B & 5C 85.00
Tilt-up C 5AA 55.00
Engineered EQ Resistive A 6 210.00
]]>http://www.siumanagers.com/dic-valuation-guidelines-updateTransition of Businesshttp://www.siumanagers.com/transition-of-businessThu, 27 May 2010 18:22:21 GMTAngela C. UrrutiaPraetorian Insurance Company (4-1-10) (2).doc 

March 29, 2010

TO: ALL OUR PROPERTY BROKERS

RE: Transition of Business Redland Insurance Company to Praetorian Insurance Company
Dear Friends:

As most of you are aware, QBE the Americas (QBE) acquired Praetorian Financial Group on June 1, 2007. With that acquisition, QBE became the parent of Redland Insurance Company (RIC) and Praetorian Insurance Company (PIC). After a comprehensive review of both companies and their filings, QBE has made the decision to consolidate all the admitted business into a single company.

Effective April 1, 2010, Praetorian Insurance Company (Admitted, AM Best: A X) will become the QBE group’s primary carrier for all admitted business. Business currently underwritten in Redland Insurance Company (Admitted, AM Best: A X) will be transitioned to Praetorian Insurance Company at renewal.

SIUManagers will continue to provide the same products, coverage forms and pay the same commission on the PIC policies as we currently offer on the RIC contracts.

Should you have any questions, please contact me or one of our underwriters. We appreciate your business and look forward to our continued partnership.

Sincerely,

Angela C. Urrutia
Executive Vice President


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