ICAT is a specialty insurer of commercial and residential properties that are located in catastrophe exposed regions of the United States. We operate our company through three business units.
Platform Business Unit:
Our "PBU" underwrites small commercial accounts (generally accounts with values < $5M) using an Internet based underwriting and quoting system that is available to our agents and brokers 24/7.
Middle Market Business Unit:
Our "MMBU" underwrites larger commercial accounts (generally accounts with values > $5M up to in excess of $100M); special commercial property accounts carry values > $500M. Our MMBU accounts are underwritten by ICAT's experienced team of commercial property underwriters.
For both our PBU and MMBU divisions:
- Commercial Multi-Peril Differences in Conditions and Wind/Hail Only products are available in the Eastern Seaboard, Gulf Coast, Florida and Hawaii.
- Commercial Earthquake coverage is available in the Western, New Madrid, and other states; a Difference in Conditions policy form is utilized.
Commercial property accounts are underwritten on behalf of ICAT Syndicate 4242 of Lloyd's of London (rated "A" by A.M. Best Company, "A+" by Fitch Ratings and "A+" by Standard & Poors) and on behalf of other well rated US domiciled insurers.
Hawaii Homeowners Business Unit:
Our "Hawaii HBU" underwrites a Named Hurricane Residential policy for Homeowners in Hawaii with total insured values < $2.5M utilizing an Internet based underwriting and quoting system that is available to our agents 24/7. Coverage is underwritten on behalf of Universal Specialty Insurance Company, rated "A" by Demotech, Inc.
For additional information, please contact your ICAT underwriter.
