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Share Name | Share Symbol | Market | Type |
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XL Fleet Corp | NYSE:XL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 1.14 | 0 | 01:00:00 |
NEW YORK, March 1, 2017 /PRNewswire/ -- XL Catlin's insurance companies and Professional Governmental Underwriters, Inc. (PGU) have entered into an underwriting agreement to offer Public Entity Management and Employment Practices Liability coverage to public officials, educators, and law enforcement agencies in the US.
"Teachers, school board members, police officers and public officials are held to very high standards," said to Frank Palermo, Underwriting Manager of XL Catlin's Commercial Errors & Omissions (E&O) business in North America, "that's why we're pleased to team up with underwriting experts like PGU who understand the risks unique to public officials and can help us deliver the robust insurance protection and risk management guidance they need to protect their livelihoods and their commitment to public service."
According to Martin H. Kanipe, President of the Richmond, Virginia-based PGU, "Those who dedicate themselves to public service have very unique professional liability exposures. Teachers and school boards, for instance, can find themselves facing claims alleging failure to educate, discrimination, denial of special education services, among others. Police officers and their departments, on the other hand, can face claims of negligence, failure to protect, false arrest or civil rights violations. For the last two decades, we've focused solely on crafting insurance and loss prevention to protect these professionals and we're pleased to enlist XL Catlin to support this growing market."
Under the new agreement, PGU will offer the following coverages through the XL Catlin insurance companies:
About Professional Governmental Underwriters, Inc.
Professional Governmental Underwriters, Inc. is a full-service risk management company dedicated to assisting public, educational and non-profit entities in the management of their professional liability exposures. To learn more, visit pgui.com
About XL Catlin's Insurance Operations
XL Catlin's insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally. Businesses that are moving the world forward choose XL Catlin as their partner. To learn more, visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group Ltd.'s (NYSE:XL) insurance and reinsurance companies which provide property, casualty, professional and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward. To learn more, visit xlcatlin.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/xl-catlin-and-professional-governmental-underwriters-inc-team-up-to-offer-professional-liability-and-employment-practices-liability-coverages-for-educators-public-officials-and-police-departments-in-the-us-300414359.html
SOURCE XL Catlin
Copyright 2017 PR Newswire
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