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Ace USA introduces hurricane product.

Ace USA, the U.S.-based retail operations of the Ace Group of Companies, introduced Ace Spectra, an admitted insurance product that provides coverage for property damage and business interruption resulting from a tropical storm or hurricane.

The policy can cover losses from a single or multiple hurricanes during the annual policy term, and can be used to reduce windstorm deductibles in current property and business interruption policies while limiting the accumulation of losses from multiple storms in a season.
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Title Annotation:Loss/Risk Management Notes
Author:Green, Meg
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 1, 2005
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