Argonaut Group's Select Markets Announces National Retail Shopping Center Program
biz.yahoo.com
Monday July 10, 8:00 am ET
SAN ANTONIO--(BUSINESS WIRE)--July 10, 2006--Argonaut Group, Inc. (NASDAQ:AGII) announced today that its Select Markets segment is expanding its line of products and services to include the retail shopping center marketplace. Highlights include specialized benefits such as coordinated policies for comprehensive landlord-tenant liability coverage, signage protection based on actual loss sustained, a 24-hour emergency claims hotline, and access to over fifteen proprietary safety and loss prevention resources tailored to the retail industry. Claims will be handled by seasoned retail specialists familiar with each jurisdiction served.
The program will be administered by Grocers Insurance, a member of Argonaut's Select Markets segment. Grocers Insurance is the leading provider of property, liability, and workers compensation insurance to independent retail grocers nationwide, in addition to offering programs tailored to convenience stores.
Risks eligible for the program will be characterized by predominantly retail exposure, individual external entrances, and less than $20 million in total insured value at any one location. Select Markets currently is accepting submissions for its retail shopping center program through appointed agents of Grocers Insurance in all states except Alaska, Florida, Hawaii, Louisiana, Mississippi, and New York.
B. Thomas Johns, President of Select Markets, stated, "Retail shopping center exposures have actually been part of the Grocers Insurance market niche for years. Many of our grocery clients own the shopping centers surrounding their locations, so providing a stand alone program for this class of business is a natural extension of our existing offerings. By targeting shopping centers with risk profiles similar to those we insure now, we will be able to leverage our expertise in retail exposures and offer our specialized claims handling and accident prevention services to a broader market segment." |
