CAMICO, the largest CPA-directed program of insurance and risk management in the country, has announced the formation a new insurance program with Berkley Design Professional Underwriters, a W.R. Berkley company, on Wednesday.
The new program will be administered through CAMICO’s subsidiary, CAMICO Insurance Services. The main focus will be on policies with limits of $3 million and higher and will be underwritten by BDP, on behalf of W. R. Berkley Insurance Group member companies.
“CAMICO’s market position and specialized expertise in the accounting profession, combined with W. R. Berkley Insurance Group’s financial strength and capacity, give us an exciting opportunity to provide midsized and larger CPA firms with the best program available,” said CAMICO CEO Ric Rosario, in a statement.
The new program will continue to expand CAMICO's advisory, loss prevention, and claims services and resources, as well as offer accountants professional liability coverage with limits of up to $15 million. It will operate in 45 states and the Washington, D.C., area.
“The combination of the strength, resources and expertise of our two organizations in this program enables us to effectively respond to the needs policyholders may have now and in the future,” stated W. Robert Berkley, president and COO of W. R. Berkley. “We believe CPAs will find this to be a highly attractive offering.”
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