Filed Under:Agent Broker, E&S/Specialty Business

Aon Dropped from NATO contract

Chicago Tribune: The host committee moves coverage to USI

Aon Risk Solutions has been removed from insuring the NATO Summit in Chicago, according to the Chicago Tribune.

The NATO host committee switched brokers to USI Insurance Services. The Tribune stated that Aon found only one carrier willing to insure police professional liability during the NATO Summit May 20 to 21.

Related: Read "How Businesses Can Protect Themselves from NATO Summit Risks"

Instead, coverage will be provided through USI Insurance Services, which already contracts the city’s excess liability coverage. The Tribune claimed that the NATO committee will cover additional costs from expanding the policy’s terms.

Aon marketed the coverage to 70 carriers and only one responded with a bid. “Cook County is viewed negatively from a litigiousness standpoint," Robert Hartwig, president of the Insurance Information Institute, told the newspaper. "It is relatively litigious and plaintiff-friendly and has a history of significant jury awards.”

 

Top Story

30 Ebola facts that will make you cringe, plus 7 ways to manage the risk

Think Ebola is contained to the health sector? Think again. It affects insurance, supply chains and world economies.

Top Story

This is what the likely path for TRIA renewal looks like

The most likely path to enactment of legislation reauthorizing a federal backstop for terrorism risk insurance that insurers can live with is House de facto acceptance of the preferable Senate bill.

More Resources

Comments

eNewsletter Sign Up

Specialty Markets Insight eNewsletter

Receive updates and analyses on hard to place and challenging coverages. Sign Up Now!

Mobile Phone
         
Close

Advertisement. Closing in 15 seconds.