ACE USA Launches Catastrophe Management Lead Umbrella Product.PHILADELPHIA Philadelphia, ancient cities Philadelphia, name of several ancient cities. One was in Lydia, W Asia Minor (now W Turkey). At the foot of Mt. Tmolus and near the location of modern Alaşehir, it was founded in the 2d cent. B.C. -- ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced the launch of the ACE USA Catastrophe Catastrophe, from the Greek Καταστροφή (katastrephein), literally means "to turn" (strephein) "downwards" (kata-). Management Lead Umbrella product. This coverage, available for ACE Excess Casualty's lead umbrella policies Umbrella policy Insurance for exports of an exporter whose issuer handles all administrative requirements. , provides advance funding directly to third-parties for managing threats to an organization's reputation and other expenses related to a catastrophic event. The ACE USA Catastrophic Management Lead Umbrella product offers annual limits beginning at $50,000, with higher options available up to $250,000. Catastrophic events include man-made disasters man-made disaster Technological disaster Public health An event in which a significant number of people are injured or die as a result of human devices or activities, unrelated to conflicts, and attributed to operator error–eg, Exxon Valdez such as explosions, major crashes or contamination stemming from food, drink or other consumer products, resulting in damages that would be covered by the ACE USA Umbrella Liability Policy. This product is targeted to owners of manufacturing facilities and available for all types of risks. This coverage can be complemented with catastrophe claim administration and crisis response management services available for purchase from ESIS ESIS European Chemical Substances Information System ESIS European Survey of Information Society ESIS European Structural Integrity Society ESIS Element Structure Information Set ESIS Electronic Standby Instrument System (aviation) , Inc. ("ESIS"). "As a leader in providing risk management solutions to meet the evolving needs of our clients, we are pleased to combine our ability to tailor A tailor is a person whose occupation is to sew menswear style jackets and the skirts or trousers that go with them. Although the term dates to the thirteenth century, tailor umbrella and excess programs to provide a unique option to those insureds facing reputational threats arising from catastrophic events with the strength of ESIS' Catastrophe Management Services," said Connie Germano, Senior Vice President, ACE Excess Casualty, part of ACE Casualty Risk. "This coverage allows our clients to obtain the necessary public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most counsel they need to communicate to the media and assist in restoring public confidence, while they dedicate ded·i·cate tr.v. ded·i·cat·ed, ded·i·cat·ing, ded·i·cates 1. To set apart for a deity or for religious purposes; consecrate. 2. their time to managing the material affects of catastrophe." "Protecting your reputation while managing your response to a catastrophic event can be a daunting daunt tr.v. daunt·ed, daunt·ing, daunts To abate the courage of; discourage. See Synonyms at dismay. [Middle English daunten, from Old French danter, from Latin task. We recommend companies take a comprehensive approach when choosing coverage and services. It's the backbone of a good program," said Lori Brassell-Cicchini, Assistant Vice President, ESIS Catastrophe Services. Covered costs currently available through the ACE USA Catastrophe Management Product include:* * Expenses to secure the scene and provide a PR firm to manage the new crisis management event * Medical expenses * Funeral expenses * Psychological counseling * Travel expenses * Temporary living expenses Services currently available through ESIS Catastrophe Services include:** * 24/7 claims response and management services * Dedicated notification at 1 877-ESIS123 * Dedicated and experienced crisis managers and claim professionals * Customized reporting ACE Casualty Risk, a division of ACE USA, specializes in lead umbrella and excess liability, custom primary casualty, construction, environmental liability, public entity, and middle market workers compensation insurance products and services, which are primarily distributed through the retail brokerage community to the commercial market. * Product highlights are summaries only; please see actual policy for terms and conditions. To review additional product features and check submission requirements, or contact Connie.Germano@ace-ina.com. For more information about ACE Casualty risk and its range of products and services, please visit www.ace-ina.com. ** Time and Expense rates apply For more information about ESIS Catastrophe Management Services please call Lori Brassell-Cicchini at 916-939-6857 or lori.brassel-cicchini@esis.com. Organized in 1953, ESIS, Inc. (ESIS) provides sophisticated risk management services designed to help reduce our clients' total cost of loss. ESIS takes a holistic approach holistic approach A term used in alternative health for a philosophical approach to health care, in which the entire Pt is evaluated and treated. See Alternative medicine, Holistic medicine. that blends people, process and technology to offer programs that are customized to meet each client's needs. ESIS is part of ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, headed by ACE Limited (NYSE NYSE See: New York Stock Exchange :ACE). ACE USA is rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor's. ACE USA, through its underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. companies, provides insurance products and services throughout the U.S. Additional information about ACE USA and its products and services can be found at www.ace-ina.com. Additional information about ESIS, Inc. and its products and services can be found at www.esis.com. |
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