Core Specialty unveils habitational excess liability program
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Core Specialty Insurance Holdings Inc. on Tuesday announced the launch of Habitational Risk Facilities, an excess liability program covering habitational risks to be offered through program administrator Professional Risk Facilities Inc.
The program, the second from PRF to win Core Specialty capacity support, will provide excess coverage limits up to $5 million, attaching between $1 million and $5 million, for risks in New York, New Jersey, Connecticut and Pennsylvania, a statement said.
The program is designed for smaller apartments, condominiums, co‐operatives and townhomes with incidental commercial occupancies and a maximum of 10 locations and 250 units, the statement said. Habitational Risk Facilities will be distributed exclusively by PRF through wholesale distributors.
