For immediate release …
Wednesday, Feb. 6, 2013
PIWA member wholesalers announce coastal market property availability
BREWSTER, N.Y.—JoAnn Peri, president of the Professional Insurance Wholesalers Association of New York, has reminded New York insurance producers that the state’s wholesalers can provide an alternative market for hard-to-place risks, including those in coastal areas of the state affected by Storm Sandy.
"New York's wholesalers offer access to nonadmitted markets, which offer coverage that may not be available elsewhere for certain risks affected by Storm Sandy," said Peri.
"Contact your insurance wholesaler if you are unable to place a risk with your voluntary markets," said Peri. "The wholesaler will work with you to obtain coverage in the nonadmitted market if voluntary coverage is not available."
Professional Insurance Agent of New York State Inc. members may obtain a list of PIWA member wholesalers and the types of risks for which they have markets, through PIA's MarketBase™ Program: www.pia.org/IRC/marketbase/search.php?state=ny.
Established in 1978, the Professional Insurance Wholesalers Association of New York State Inc. is a trade association of New York state insurance wholesalers serving retail insurance producers with specialty and excess-line markets.
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