Kansas City, Mo.-based Rockhill Insurance Company said it hasacquired National Environmental Coverage Corporation, which writesenvironmental insurance coverage. Terms were not announced.
|The Rockhill Group offers general liability, umbrella, property,earthquake and workers' compensation insurance.
|Rockhill said that NECC, with offices in New York and Louisiana,has been a pioneer in underwriting environmental risks since 1989,specializing in liability coverage for restoration contractors,mold contractors, environmental contractors and consultants, andwaste facilities throughout the United States.
|Rockhill Chief Executive Officer Terry Younghanz commented, “Wehave long been interested in the environmental market,” and addedthat the company would “be a perfect fit within the RockhillGroup.”
|He mentioned, “Being held to a six-month cancellation provisionby the prior carrier has actually been a blessing, because it gaveus time to really examine the market and to retool, refocus andimprove upon the products NECC will offer.”
|The company is “excited about rolling out the Rockhill producton July 31st,” said Joe Greenwald on behalf of NECC.
|Mr. Greenwald added, “Rockhill's flexibility and entrepreneurialspirit will allow us to even better serve the environmental marketand broaden our capabilities by developing new and excitingproducts.
|“Going from an independent MGU platform to a direct insurancecompany affiliation will allow NECC to more quickly respond to theunique situations that arise in this business and properlyunderwrite the individual risk. This is definitely a 'win-win' forboth our companies and for the environmental insurance market.”
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.