AMA Events Receive New Insurance Program
September 21, 2006
Filed under Uncategorized
Effective October 1, participant legal liability insurance for AMA-sanctioned events will be offered through Wisenberg Motorsports, a division of Acordia of Texas, and provided by ACE American Insurance Company.
The move replaces broker Naughton Insurance.
Wisenberg Motorsports is the country's largest motorsports insurance agency, working with NHRA, IHRA, SCCA and other motorsports organizations. ACE American Insurance Company, the insurance carrier, is rated A+ by AM Best Company.
The AMA sanctions more than 4,000 events annually through more than 1,200 AMA-chartered organizations.
"As the world's largest motorsports-sanctioning body, the AMA knows the importance of cost-effective insurance coverage," said Patricia DiPietro, AMA Chief Executive Officer. "The AMA made the decision to replace Naughton Insurance, with which we've had a great business relationship, only after a long and thorough search. In today's tough motorsports-insurance market, we believe that the Wisenberg program is an excellent choice for our promoting organizations, combining cost-effective coverage, stability in the marketplace, a solid carrier, and extensive motorsports experience."