Amwins Specialty Casualty Solutions (ASCS) has unveiled its Public Entity Excess Casualty Program, a new insurance solution designed to address the specific risk management needs of municipalities, schools, and special service districts. The program provides coverage backed by AM Best “A-” rated carriers and supported by a panel of global reinsurers.
The program provides up to $3 million per occurrence in liability coverage and up to $2 million per occurrence for workers’ compensation, with the latter available exclusively as reinsurance. ASCS stated that the program is designed to be flexible, offering various coverage structures, including annual aggregate deductibles, to meet specific premium targets. Eligible entities include a broad range of public-sector organizations, such as cities, counties, towns, villages, public schools, community colleges, special service districts, and public housing authorities. The program caters to both risk pools and individual accounts, with a minimum self-insured retention of $100,000 and a minimum premium of $200,000 per account.
Public entities across the United States are navigating a complex and evolving risk landscape. Economic pressures like inflation strained budgets and impacted service delivery in 2024; the challenge of attracting and retaining skilled personnel also emerged as a significant concern. Cyber threats are continuously evolving, requiring public entities to strengthen their cybersecurity measures to protect sensitive information and critical infrastructure. Furthermore, changes in regulatory landscapes demand that public sector organizations adapt and respond quickly to maintain compliance.
According to ASCS president Andrew Kay, the new program consolidates property, casualty, and workers’ compensation coverage into a single solution, responding to the growing demand for integrated risk management strategies.
