Notice
Regarding 2023 Policy Term
To Nebraska Licensees
RE: Nebraska January 1st,
2023, Policy Period
We
regret to inform you that Williams Underwriting Group a Division of
AssuredPartners NL, LLC will not be offering a Real Estate E&O
Program in Nebraska beginning with the January 1, 2023, policy period. We
have been advised that the insurance carrier, Zurich American Insurance
Company, is exiting this line of business in Nebraska.
Williams
Underwriting Group has enjoyed managing the program and providing support to
the Nebraska Real Estate Commission and its licensees for over twenty-six (26+)years. We will truly miss being a part of the Nebraska Real Estate
Commissions Group E&O Program.
Renewal
coverage for 2023 should be available from the new state contracted provider as
determined by the Nebraska Real Estate Commission for the January 1, 2023,
policy period.
Your
expiring policy with Zurich is written on a claims-made basis. If you elect to
retire, place you license on an inactive status or not purchase replacement
coverage which provides "prior acts coverage” you should consider purchasing an
Extended Reporting Period or Tail endorsement. This endorsement would protect
you for claims that may be reported in the future for your past real estate
transactions.
Please
contact us 800-222-4035 or wug@wugieo.com for any questions you may have.
Regards
