Acuity exits foundry insurance market

NFFS has learned that Acuity Insurance, a regional provider of property insurance coverage for foundries, will exit the market. According to Katie Hensley with NFFS member company Cottingham & Butler:

Acuity Insurance, a regional insurance company is sending notice of non-renewal to their foundry clients specifically for property insurance.  This will put further pressure on a market that is slim on capacity. Getting out ahead of the renewal process and determining a plan is highly recommended. 

Foundries are encouraged to review their property insurance coverage and to work with their broker ahead of renewal time.