The Property & Marine Insurance Commission (PMIC) is reshaping the way insurers design and deliver coverage. As a leading advisory and rating organization, PMIC offers a comprehensive suite of market-leading products and services that help insurers accelerate market entry, expand their product offerings, and replace outdated insurance solutions with innovative ones.
More than just an industry bureau, PMIC acts as a strategic growth partner for insurers. In a competitive marketplace where coverage differentiation is key to driving customer retention and profitability, PMIC provides the clarity, flexibility, and specialized expertise needed to help insurers stand out. Some of its standout offerings include:
Combined Cargo Liabilities Coverages™ – A comprehensive solution that covers legal liabilities for property of others while the insured operates in key logistics roles, such as Motor Carrier, Warehouse Operator, Transportation Broker, Surface Freight Forwarder, and International Freight Forwarder.
Instrumentalities of Transportation & Communication™ – This coverage is tailored to address the unique exposures of modern infrastructure, including railways, ports, terminals, bridges, tunnels, pipelines, power and communication lines, and associated equipment—coverage areas that have historically been underserved.
Business Personal Property Coverages™ – Designed to protect business personal property, including commercial office contents, mobile equipment, electronics, and stock, alongside a wide range of inland marine coverages.
These coverage forms also include several consequential and indirect loss coverage grants, such as sue & labor and loss of income. PMIC’s products are engineered to streamline underwriting, enhance compliance, and reduce development time, giving insurers a competitive edge in a rapidly evolving market.
PMIC is also focusing on the future, with new solutions in development that include innovative coverage forms, rating tools, and underwriting guidelines addressing Contractor’s Equipment, Builder’s Risk/Installations, and Real Property, ensuring the organization remains a forward-thinking partner.
PMIC is led by industry veterans Joseph DiPaola, President, and Alexander McGinley, Executive Vice President, who bring nearly 50 years of combined experience in inland marine, ocean marine, property underwriting, claims, product development, and regulatory filings, gained at major insurance companies across the nation.
Related topics:
