NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Community Association Underwriters of America (CAU), a managing general agency and division of Alliant Specialty Insurance Services, has formed a new partnership with Munich Reinsurance America, Inc. (Munich Re, US) through its Specialty Markets Division. In July, Munich Re, US-affiliated carriers will insure CAU’s existing business and offer the national client base of the longtime community association insurance specialist several coverage enhancements and new general liability and coastal products.
“America’s community associations and the retail brokerage community have relied on CAU to provide high-value coverage options and industry-focused service for nearly three decades,” said CAU President Lori Long. “Joining forces with Munich Re, US enables us to offer an even higher level of strength and sophistication for this growing market.”
The policy enhancements to the current portfolio of risks build upon CAU’s longstanding reputation for offering some of the most customized insurance solutions available to America’s community associations and include:
- Expanded coverage definitions for various buildings, structures, and personal property
- Increased coverage limits across multiple exposures, including natural outdoor property, demolition costs, increased cost of construction, debris removal, and property removal
- Simplified valuations for streamlined servicing
- Additional computer virus coverage
- Optional deductible credit endorsement and deductible allowance endorsement for cost savings in the event of certain losses
In addition, CAU is unveiling two new products: Liability Plus, a broad-based liability policy custom-designed for community associations, and Coastal Advantage, a package policy built to protect community associations with coastal exposures. This expands CAU’s geographical footprint and bolsters its already strong cadre of coverage options.
Policies will be issued using A+ A.M. Best-rated primary insurance companies affiliated with Munich Re, US.
Acquired by Alliant in 2015, CAU is the nation’s largest community association insurance and risk management specialist, serving thousands of residential and corporate associations nationwide.
About Community Association Underwriters of America
Community Association Underwriters of America (CAU) is a managing general agency and national leader in community association insurance and risk management. Founded in 1989, CAU services community associations, residential and office condominiums, cooperative apartments, and homeowners associations. CAU is based in Newtown, PA and offers property, casualty, fidelity, D&O, general liability, and ancillary products to a nationwide client base.
About Alliant Specialty Insurance Services
Alliant Specialty Insurance Services (ASIS) combines sound underwriting, superior claims management, and powerful distribution to deliver a range of industry-specific insurance solutions. ASIS employs a broker-centric approach to the business, offering a full range of insurance and risk management products and services backed by enhanced carrier relationships. ASIS programs are designed to position broker partners and their clients for optimum success.
About Alliant Insurance Services
Headquartered in Newport Beach, CA, Alliant Insurance Services, Inc. provides property and casualty, workers’ compensation, employee benefits, surety, and financial products and services to clients nationwide, including public entities, tribal nations, healthcare, energy, law firms, real estate, construction, and other industry groups. More information is available on the company’s web site at www.alliant.com.