RT ProExec launches community association program

By Michael Loney Oct 15 (The Insurer) — RT Specialty, the wholesale brokerage division of Ryan Specialty, said on Tuesday it had launched a community association program. The new program is a liability solution for homeowners’ associations, condominium associations, property owners’ associations, and the community and property management companies that serve them. It is available exclusively through RT’s professional and executive liability practice, RT ProExec. “Association boards are no longer just managing properties and budgets. They’re navigating an increasingly complex risk environment spanning fiduciary responsibilities, environmental exposures, abuse, and more,” said David Derigiotis, CEO of RT ProExec. The program offers limits up to $5 million, written standalone or packaged, and pairs core coverage for directors and officers, employment practices, fiduciary and crime with emerging association exposures including pollution, technology and data, media and advertising, and sexual misconduct. The Community Association Program is available now in all 50 states. Insurtech Counterpart said on social media that it built the Community Association Program for RT Specialty. "Our Ag