August 21, 2007

Offering Help In The Subprime Mortgage Crisis.

We Have Markets for Mortgage Brokers. Mortgage brokers are facing one of the toughest times in their professional lives. Not only are their liability risks high, but it's gotten tougher and tougher for them to even obtain the necessary coverage.

Should a mortgage transaction fail to close, both the lender and their client may file a claim for a financial loss. Other issues facing them are claims of negligence in mortgage servicing, failure to obtain proper appraisals, failure to advance funds, and lack of due diligence on mortgage funding.

Mortgage brokers are in tremendous need of adequate insurance protection.

Our Markets Are Ready. We have several markets for errors and omission coverage for mortgage bankers and mortgage brokers, as well as others involved in the real estate market. These include:

• appraisers
• home inspectors
• insurance inspectors and auditors
• real estate agents and brokers
• title agent/abstractor/escrow agent
• property managers

We offer a complete range of insurance solutions for Mortgage Brokers and Financial Institutions. Our Professional & Management Liability department is composed of dedicated brokers who specialize in the placement of D&O and professional liability insurance. Today, S. H. Smith writes almost $100 million in D&O and E&O premium and handles more than 100 classes of E&O in more than 35 admitted and non-admitted markets, with a capacity of $100+ million. Few companies offer so much D&O experience.

If you have any questions or would like more information, please contact:

Offices in Connecticut, Massachusetts, Minnesota, New York, Ohio and Florida

For general information about S. H. Smith, feel free to call or email anyone at any of our offices. For any state not listed below, please contact Bruce Anderson, Chief Marketing Officer. S. H. Smith & Co. is a national firm, licensed to write in all 50 states.

S.H. Smith & Company is a national, independently-owned excess and surplus lines insurance broker, managing general agency and program administrator. Our specialists in each of our divisions have a depth of experience which we believe is unmatched in the industry. For more information, please call Scott Smith, president, at 860.561.3600 or email by clicking here.

Our main office is located at 41 North Main Street, Suite 300, West Hartford, CT 06107 and can be contacted by phone at (860) 561-3600. This newsletter is subscription based and is not unsolicited email. If you would like to unsubscribe, please e-mail marketsmarts@shsmith.com.