On March 17, 2025, Amwins Specialty Casualty Solutions (ASCS) officially launched its Public Entity Excess Casualty Program, aiming to offer comprehensive insurance solutions to public municipalities, schools, and special service districts. This new program marks ASCS's innovative response to the complex challenges faced by public bodies across the United States.
The Public Entity Excess Casualty Program is backed by AM Best "A-" rated carriers and supported by a panel of global reinsurers. It offers substantial liability coverage, providing up to $3 million per occurrence and workers' compensation coverage of up to $2 million, though the latter is available only as reinsurance. This coverage structure has been carefully crafted to address diverse needs, allowing for coverage arrangements including annual aggregate deductibles, which will meet specific premium targets.
Eligible risks for the program encompass various public entities, including cities, counties, towns, villages, public schools, community colleges, special service districts, and public housing authorities. Tailored for both insurance pools and individual accounts, the program features minimum self-insured retention starting at $100,000 and requires at least $200,000 per account as minimum premium.
Public entities have recently faced significant challenges, particularly as they navigated budget constraints posed by economic uncertainties. A key issue has been inflation, which has strained budgets and impacted service delivery. The increasing sophistication of cyber threats is another significant concern, necessitating strong cybersecurity measures to safeguard sensitive information and protect public infrastructure.
With the pressures of attracting and retaining skilled personnel, public entities have reported difficulties affecting their operational efficiency. Compounding these issues are the rapidly changing regulatory landscapes, which demand speedy adaptations to comply with new requirements. These conditions highlight the importance of innovative insurance solutions capable of mitigating these risks.
Andrew Kay, the president of Amwins Specialty Casualty Solutions, emphasized the importance and timeliness of the new Public Entity Excess Casualty Program. He stated, "This program positions us as an industry leader in the public entity market. By adding this program to our portfolio, we’re empowering public entities with a seamless, all-in-one solution for property, casualty, and workers’ compensation coverage all under one roof – meeting the growing demand for comprehensive and innovative risk management strategies in this space." His statement exemplifies ASCS’s drive to be at the forefront of risk management solutions.
This program launches at a pivotal moment for public entities, addressing the struggles these organizations face to secure customized insurance solutions. By integrating property, casualty, and workers' compensation coverage, ASCS is taking significant steps to simplify insurance procurement for public service organizations.
ASCS’s initiative will provide much-needed support, mitigting numerous challenges as public agencies strive to improve their risk management capabilities. The launch of the Public Entity Excess Casualty Program demonstrates ASCS’s commitment to enhancing the insurance provision for public entities across the nation, facilitating more effective governance and service delivery.
