features the Water Cycle Integrator (WCI) as a means to combine observational data with data from numerical weather prediction models, geographical information and socioeconomic data and then translate this data into usable information, IndoAsian News Service reported.
In the past five years, AWCI Insurance has collected more than $10 million in premiums and paid out just $48,000 in claims, according to Steve Etkin, executive vice president and CEO of AWCI.
Last year the Bermuda-based captive established AWCI Risk Retention Group in South Carolina to help with its efforts to sell coverage directly to contractors in 25 states where the captive was unable to operate.
Etkin said they've partnered with The Hartford on the non-EIFS GL package and collateral lines, with AWCI providing gap coverage on the EIFS issue.
The AWCI policy also won't cover work done on residential wood frame construction.
EIMA will relocate its headquarters to the AWCI office building in Virginia.
Members of both organizations have worked well together for a long time, and we plan to further build on this relationship," said AWCI President Jim Keller.
along with AWCI, founded two insurance providers, AWCI Insurance Company and AWCI Risk Retention Group, to assure the availability of commercial general liability insurance for EIFS contractors.
Collectively, we have provided great support to contractors, suppliers and manufacturers in the EIFS industry," said AWCI Executive Vice President/CEO Steve Etkin.
Under this agreement, AWCI
will acquire the machinery and equipment currently owned by Johnson & Johnson Consumer Products, Inc.