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Technical Risk Underwriters, a specialty property and construction risk underwriting unit of RSG Underwriting Managers L.L.C., on Wednesday said it is partnering with RLI Insurance Co. to expand its builders risk underwriting capabilities.
The partnership combines Austin, Texas-based Technical Risk Underwriters’ builders risk underwriting facilities with Peoria, Illinois-based RLI’s catastrophe underwriting, Technical Risk Underwriters said in a statement.
RLI nonadmitted surplus lines insurer Mt. Hawley Insurance Co. will write the coverage, according to the statement.
“Targeted classes include the entire span of U.S. construction including… commercial (and) mixed-use, hospitals, infrastructure and heavy civil works,” Technical Risk Underwriters said.
A house is only as good as the lot it sits on. And when that lot belongs to the neighbors, it’s not much good.