What's Happening

Preferred Concepts Acquires Assets of Metro Insurance Services

Preferred Concepts has acquired certain assets of Metro Insurance Services.  The Metro acquisition expands Preferred’s program underwriting suite to include package coverage for multi-family residential properties, including apartments and condominium associations.  Read more.

Duty Calls

<p>In this issue of Preferred Insight, we discuss the importance of the duty of care and common best practices to help you meet it. <strong><a href=”http://www.preferredconcepts.com/duty-calls/”>Read More</a>.</strong></p>

Update: Hurricane Sandy

<p>First and foremost, Preferred Concepts extends its sympathies to the families and communities of those who have been impacted by Hurricane Sandy. We hope that you and your loved ones are safe and have begun your recovery from the storm.</p>
<p>Please be advised that Preferred”s Hartford, CT, Westport, CT and Overland Park, KS offices are open and fully operational.</p>
<p>In anticipation of continued power outages and prolonged transportation obstacles in the New York Metro area, we have activated the business contingency plan for our New York City office location so that customer service may continue without interruption. <strong><a href=”http://www.preferredconcepts.com/update-hurricane-sandy/”>Read More</a>.</strong></p>

Preferred Concepts To Acquire Assets of Metro Insurance Services

Preferred Concepts To Acquire Assets of Metro Insurance Services and Steven Gross To Join Leadership Team

New York, NY (October 5, 2012) – Preferred Concepts, LLC, a leading national insurance program underwriter and specialty broker, has entered into a definitive agreement to acquire the assets of Metro Insurance Services. Metro is a national program administrator focusing on package coverage for multi-family residential properties including apartments and condominium associations. Metro founder and CEO, Steven Gross, will join the Preferred Concepts leadership team as Senior Executive Vice President, Chief Program Officer. Read more.

When It Rains It Pours and Sometimes Causes Flood Damage

In his latest blogpost, SeaFire’s Dennis Kane discusses the impact of flood zone assessments. Excerpt: “While a dealership itself may not reside within a flood zone; sections of the parking lot where the auto inventory is parked may exist within a flood zone. When this situation arises many insurance companies are issuing flood exclusions and transferring the risks of loss to your balance sheet. Even if the insurance company is willing to accept the risk with a deductible the loss to the dealership in the event of flooding can be significant.” Read more.

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