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 Michael Alexander Jr: In our first two newsletters we discussed who we are, what we do, and how we do it. This month we will highlight our General Liability and Property Division with an interview with Bob Alexander. Bob is a Capricorn, blond, loves long walks on the beach, and reading poetry. Just kidding…right Bob? You really don’t like any of those things do you? Bob Alexander: Well, maybe the long walks on the beach. Michael Alexander Jr: Bob, can you give our readers an idea of what you’re writing on a day in, day out basis? Bob Alexander: On a consistent, daily basis we are writing property and liability on all types of habitational classes - everything from rental dwellings to hotels to apartment complexes. In addition, a large portion of our book consists of restaurants, bars, and taverns (as long as no dance floors are present). We also specialize in and have excellent markets for beauty shops, exercise clubs, daycares, hunting clubs, sun tanning facilities, and vacant properties. As you know, this is the season for special events, concerts, and hole-in-one events, all for which we are handling several calls. Michael Alexander Jr: I know there are many classes that were not mentioned that may be special or may not be considered “day to day”. Can you give us a few of those? Bob Alexander: Yes, but first I would like to emphasize that there are too many to mention in one newsletter. In addition to equipment and builder’s risk, which you can discuss in a future newsletter, we have been flooded with applications for many small and general contractors. We write a substantial book of risks such as convenience stores, antique stores, churches, and warehouses. Michael Alexander Jr: What are some suggestions you could offer our readers when submitting a property and/or general liability quote? Bob Alexander: You know, Michael, we are excited to receive submissions by email, fax, or phone. Some general items that are helpful to know in advance are the insured’s loss history, last year’s premium and carrier, and the exposure basis. Michael Alexander Jr: As we all know, market conditions change so much. Can you give us your outlook for the property and general liability market for the rest of 2004 and first half of 2005? Bob Alexander: I’m not Shirley McClain, but I think it is safe to say that we see the market beginning to soften slightly. This means that rates/premiums should begin to decrease towards the end of 2004 and beginning of 2005. I think that this will be seen first in the property and later in the casualty markets. Michael Alexander Jr: Bob, thanks for your time. Readers, I would like to thank you for visiting the newsletter section. If there is a topic, idea, and/or comment you have for me, please email me at malexanderjr@argenia.com Classes of Business
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