PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) -- RLI Insurance Company announced today that it has launched a new, online jewelry insurance product, with Michael Maley leading the operation as Assistant Vice President.
RLI will provide customized coverage of fine jewelry, diamond and engagement rings and watches against damage, theft and loss through its new, user-friendly website, www.rlijewelryinsurance.com. Offering a wealth of information on the types of jewelry to insure, coverages, the claims process and more, the website allows individuals to obtain a quote, apply for coverage and manage their policy online. Coverage will be available in all 50 states.
“We are pleased to welcome Mike to our organization and are excited to expand our portfolio of insurance offerings to make personal jewelry coverage available directly to the consumer,” said RLI Insurance Company President & COO Michael J. Stone. “This new product will allow RLI to offer competitively-priced policies to serve the growing personal jewelry insurance market.”
Maley has more than 25 years of experience in the commercial and personal jewelry insurance market. He is a graduate of St. Norbert College in De Pere, WI, and has attained the Chartered Property & Casualty Underwriter (CPCU) and Associate in Underwriting (AU) designations.
RLI Corp. (NYSE: RLI) is a specialty insurer serving diverse, niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI’s subsidiaries are rated A+ “Superior” by A.M. Best Company, a distinction held by fewer than 10 percent of property and casualty insurance companies in the U.S. RLI has paid and increased dividends for 40 consecutive years and delivered underwriting profits for 19 consecutive years. To learn more about RLI and its 50-year history of financial strength, visit www.rlicorp.com.
Mike Maley, Assistant Vice President, Specialty Personal Lines
Source: RLI Corp.