Great American Insurance Enhances D&O Liability for Communities
Great American Insurance Group's Expansion of D&O Liability Coverage
Cincinnati – Great American Insurance Group is excited to unveil a notable transformation in its Executive Liability Division. The division is launching an expanded Directors & Officers (D&O) Liability coverage specifically designed for Community Associations. This new offering is available through an open brokerage model, further showcasing the division's dedication to this important sector.
Commitment to Community Associations
Jane Kornesczuk, Divisional President of Great American's Executive Liability Division, expressed her enthusiasm regarding this new venture. "Building on our extensive experience of over 25 years in insuring nonprofit Community Associations, we are thrilled to offer our D&O coverage via open brokerage. This development reinforces our ongoing commitment to deliver competitive pricing alongside exceptional claims handling while utilizing our vast market knowledge," Kornesczuk stated.
Expanding Opportunities for New Business Submissions
Great American's Executive Liability Division is now actively welcoming new business submissions aimed at Community Association coverage. Interested parties can reach out to Jason Hogan, Divisional Senior Vice President and Chief Underwriting Officer of Executive Liability, for further inquiries. He can be contacted via email or directly at 847-330-6781.
About Executive Liability Division
Great American’s Executive Liability Division has a storied history of nearly 40 years, contributing substantial expertise in management liability products. The division boasts a proficient team comprised of underwriters, claims attorneys, and marketing professionals who collaborate closely to offer effective insurance solutions tailored for public, private, and nonprofit clients.
Industry Leadership in Quality Management
The policies provided are underwritten by Great American Insurance Company, an authorized insurer in all 50 states and Washington, D.C. The Division’s commitment to quality management liability products is complemented by an impressive track record in delivering exceptional service.
About Great American Insurance Group
Established in 1872, Great American Insurance Group's origins trace back to its flagship company, Great American Insurance Company. With headquarters in Cincinnati, Ohio, the group primarily engages in property and casualty insurance, focusing on specialty commercial solutions for businesses. Over the past 115 years, Great American Insurance Company has continuously received an "A" (Excellent) rating or higher from the AM Best Company, currently holding an “A+” (Superior) rating.
Financial Strength and Stability
The members of Great American Insurance Group operate as subsidiaries of American Financial Group, Inc. (AFG), also headquartered in Cincinnati, Ohio. AFG's common stock is publicly traded on the New York Stock Exchange under the ticker symbol AFG, reflecting its robust financial standing and commitment to business excellence.
Frequently Asked Questions
What is the new open brokerage model for D&O Liability coverage?
This model allows for greater accessibility to Directors & Officers Liability coverage for Community Associations, making the application process simpler and more effective.
Who can I contact for more information about the coverage?
For inquiries about the new D&O coverage, you can reach out to Jason Hogan at 847-330-6781.
How long has Great American Insurance Group been in operation?
The company has been operating since 1872, providing over 150 years of reliable insurance services.
What types of clients does the Executive Liability Division support?
The division supports public, private, and nonprofit clients with tailored insurance solutions.
Does Great American Insurance Group have a good financial rating?
Yes, it has received an “A+” (Superior) rating from the AM Best Company, indicating strong financial health and reliability.
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