In addition to property damage, the Difference in Condition (DIC) earthquake program can offer coverage for earthquake shock, earthquake sprinkler leakage, business interruption and other perils.
PRODUCT: Atain/Vikco Earthquake DIC Program
COMPANIES: Atain Insurance Companies, a HW Kaufman affiliate; Vikco Insurance Services.
BEST RATING: A
AVAILABILITY: Appointed agents and brokers only.
FOCUS: Atain Insurance Companies has announced a partnership with Vikco Insurance Services, creating a comprehensive Difference in Condition (DIC) earthquake program, which is available in seven states in the western U.S.
Atain is an admitted and non-admitted property & casualty insurance company dedicated to serving niche programs and excess & surplus markets.
“Atain's partnership with Vikco signals an exciting new strategy where we can leverage Atain's significant capital position to support expertise-driven programs that fit our appetite," says Chris Zoidis, president & CEO, Atain Insurance Companies. “Given Vikco's expertise in DIC property, coupled with their approach to thoughtful underwriting, we are confident in this successful effort together."
COVERAGE DETAILS: In addition to covered property damage, Vikco can offer coverage for earthquake shock, earthquake sprinkler leakage, business interruption, among other perils.
UNDERWRITING: Underwriting is based on an assessment of the proper valuation for each risk. Assessment includes the quality of management, construction type and scope of operations. Further, the insurers carefully manage the amount of aggregate risk within geographical areas to assure that each of their carrier partners can manage and respond to claims in the event of a significant earthquake.
TARGET: Small, medium and large businesses.
COVERAGE AVAILABILITY: CA, OR, WA, NV, AZ, ID and UT.
CONTACT: Brian Cindric, president, Vikco.
Will Jones is IA editor-in-chief.
