Amwins, Floodbase unveils flood insurance for golf courses; Aegis Pro Risk partners with Sentry on the E&O program

Amwins has announced the launch of its ‘Tees-to-Green’ flood insurance program, backed by Floodbase, to reimburse US golf courses for lost revenue due to flooding.

Golf courses are often built on land prone to flooding. However, resorts and courses generally offer flood insurance only for physical assets such as golf carts, clubhouses, maintenance sheds and equipment, Amwins said. Damage to the course itself and disruption due to downtime are almost always excluded from current market options, dramatically increasing the cost of flood closures. If the course is unplayable for days, weeks, or even longer, lost revenue can include green fees and concessions, hotel reservations, restaurant patrons, and other significant forms of revenue.

Amwins new ‘Tees-to-Green’ flood insurance cover is made possible by satellite technology invented by Floodbase, an AI flood company founded in collaboration with Google.

Aegis Professional Risk, Sentry Launches E&O Program

Aegis Professional Risk, a division of Aegis General Insurance Agency and K2 Insurance Services, announced a partnership with Sentry Insurance to launch a new E&O program for insurance service professionals, real estate professionals and various licensed professionals.

Sentry Insurance business will be written on a non-admitted basis in all 50 states with broad forms of coverage designed for professionals operating in today’s litigious environment. Distribution will be open to select retail and wholesale brokers in the space.

Sentry, which entered the specialty market in 2022, will begin as the sole carrier supporting Aegis Professional Risk’s new E&O coverage.

TOPICS
Professional Liability Flood New Markets