Web-based Underwriting Product Expanded to Include Above-ground Storage Tank Policies
PHILADELPHIA - July 26, 2004 - ACE USA today announced that ACE TankSafe
SM --its web-based underwriting facility for underground storage tanks that enables contracted brokers to conduct automated underwriting transactions from submission to issuance in a quick and easy manner-will now offer above-ground coverage. ACE TankSafe is offered through ACE Casualty Risk's environmental underwriting unit and targets underground and above-ground storage tank insurance products, from the small tank policies to large industrial portfolios.
"ACE Tanksafe continues to fill a critical role in providing a more flexible and cost effective online underwriting facility for environmental insurance transactions," said Geoff Gregory, President, ACE Casualty Risk. "Expanding this site to include both underground and above-ground storage tanks in response to the needs of our customers and brokers was the impetus for making these product enhancements."
Highlight of features available through ACE TankSafe include:
- Simple on-line application process
- Real-time rating and format quote generation
- Instantaneous policy and certificates issuance
- Easy electronic account management
ACE Casualty Risk offers a full range of environmental liability insurance solutions designed to minimize bottom line impacts and enhance hands-on management for those liabilities. These products are distributed through the brokerage community and through wholesalers to the commercial market. Non-admitted products are marketed through licensed surplus lines brokers. ACE's environmental liability offerings also include premises pollution liability, contractor's pollution liability, remediation cost containment and blended finite risk programs.
For more information, send all inquiries via email to
tanksafe@ace-ina.com or visit
www.acetanksafe.com.
ACE TankSafe
SM is underwritten by ACE Property and Casualty Insurance Company, which is part of ACE USA. ACE USA is the U.S.-based retail operating division of The ACE Group of Companies, headed by ACE Limited (NYSE: ACE), and is rated A (Excellent) by A.M. Best Company and A+ (Strong) by Standard & Poor's. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.