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Resmith Insurance launches DIC Earthquake Real Estate Risk Offer

Resmith Insurance launches DIC Earthquake Real Estate Risk Offer


Risksmith Insurance Services, a Management General Underwriting (MGU) firm focused on providing insurance solutions for complex excess and surplus (E&S) risks, has launched a seismic program that provides flexibility, deep technical expertise and underwriting appetite for difficult-to-quantify property risks.

Risksmith's new Differential Circumstances (DIC) earthquake insurance program addresses risks that many markets routinely avoid, including older buildings, high liquefaction, and enclosed parking lots.

According to MGU, the new offering offers access to high limits of up to $25 million, significant risk capacity with no TIV cap, and flexible structural options, including initial placements, quota stakes or trailing placements.

Risksmith's DIC Seismic Program enables brokers and underwriters to shape coverage to suit their needs, offering: earthquake, ground motion, seismic sprinkler leakage coverage and EQ definition flexibility for carrier or courier.

The offering is available for a wide range of commercial real estate risks across major earthquake zones such as California, the Pacific Northwest, New Madrid and all other US states.

“The risks that require a more expert understanding are the specific risks where our team shines,” commented Ravi Patel, Executive Vice President and Head of Real Estate at Risksmith.

“We built this program to be flexible, allowing our insurers to craft solutions with real definition options, real capacity and without arbitrary limits on TIV value. It reflects exactly who we are: an underwriter-centric company that combines responsible risk-taking with disciplined, long-term value creation.”

Sources

1/ https://Google.com/

2/ https://www.reinsurancene.ws/risksmith-insurance-launches-dic-earthquake-offering-for-property-risks/

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