Michigan’s AmeriTrust Auto-Renewing General Business Policies During Pandemic

IJ - April 6, 2020 - Southfield, Michigan-based AmeriTrust Group on March 20 said its admitted insurance carriers will guarantee renewal of all general business policies for the next 90 days, except in certain situations including in cases of fraud and misrepresentation, and for certain lines of business.

 AmeriTrust carriers reserve the right to cancel or non-renew any policy for fraud or material misrepresentation, as allowed by applicable law. AmeriTrust carriers reserve the right to cancel or non-renew any policy upon discovery of a material change in risk, as allowed by applicable law.

Renewals will not be re-underwritten in most circumstances. Depending on the line of business, policies will be renewed as is and may receive a nominal premium increase between 0 – 5%. As always, specific renewal guidance, such as policy endorsements and other changes, will be handled on a case-by-case basis.

The guaranteed admitted lines renewals do not apply to program business, trucking business, or excess workers’ compensation business.

Payment Extension for Direct Bill Customers

AmeriTrust’s admitted insurance carrier subsidiaries also are temporarily suspending non-payment cancellations for the company’s direct-bill clients, providing additional time to make their scheduled insurance payments.

The company said it is also complying with individual state regulatory guidance.