Systematic PPMAP Cessation.

October 1, 1993 SUBJECT: INSURANCE Circular Letter No. 9 (1993) WITHDRAWN TO: ALL LICENSED PROPERTY/CASUALTY INSURERS & PRODUCER ORGANIZATIONS RE: SYSTEMATIC MAP CESSATION Since it began operations in September 1986, the Police Professional Market Assistance Program (PPMAP) has successfully assisted 40 local police forces and sheriff's departments in New York State in securing police professional liability coverage. The market for this coverage has improved and the coverage is now available in the voluntary market. No-new risks have been underwritten in the PPMAP since. April 1990 and there are currently no risks insured in the PPMAP As MAP mechanisms are designed to be temporary features, not permanent. fixtures of the insurance landscape of this State, the PPMAP will cease operations effective immediately. Under Department auspices, the American Home Assurance Company acted as the servicing carrier of the PPMAP. The following insurers participated as reinsurers of the PPMAP: Liberty Mutual Aetna Life. & Cas. AIG American Transit Amerisure Cos. Atlantic Companies Chubb Group CIGNA Commercial Union Continental Cos. Crum & Forster Electric Mutual Fireman's Fund Frontier Ins. Co. General Accident Greater New York Mut. Ins. Co. Maryland Casualty Co. Royal Insurance Travelers Ins. U.S.F.& G. Utica Mutual The participation of all of the above contributed to the success of this MAP and is appreciated. Evidence of the successful operation of the PPMAP may be seen in the 45.1% loss ratio for the program from inception to date. If any public entity experiences difficulty in obtaining coverage in the voluntary market, its representatives may contact: Bruce L. Ascher Associate Insurance Examiner Property & Casualty Insurance Bureau New York State Insurance Department 160 W. Broadway New York, NY 10013 1-212-602-0369 Very truly yours, Salvatore R. Curiale Superintendent of Insurance