News & Press Releases

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  ACE Completes Acquisition of Agribusiness Insurer Penn Millers, November 30, 2011
  ACE Agribusiness appoints Allen Financial Insurance Group as national agribusiness MGA, January 4, 2011

 

Allen Financial Insurance Group and Capitol Specialty Insurance announce Tattoo and Body Piercing insurance program, December 18, 2009
  Best Affirms Ratings of Assurant and Its Subsidiaries; American Reliable & American Bankers Upgraded, November 20 2009
  Philadelphia Insurance appoints AFIG Entertainment as national entertainment general agent, August 15, 2008
  Crittenden reviews Allen Financial National Janitorial Program, March 12, 2007
  Travelers Agribusiness Offers Customers Expanded Coverage For Their High Value Homes

Travelers Offers Enhanced Identity Theft Protection,  August 25, 2005

St. Paul Travelers Entertainment appoints Allen Financial Insurance Group, April 1, 2005

Crittenden reviews The Equestrian Group, February 21, 2005

AFIG Teams Up With Insurance Marketing & Management Services,  August 16, 2004

St. Paul Travelers Announces Formation Of National Entertainment Business Unit, August 10, 2004

St Paul Travelers Merger Complete, April 1, 2004

American Reliable appoints Allen Financial as national MGA, December 15, 2003

Zurich North America Small Business Introduces Business Finance Center, October 21, 2002

Travelers Property Casualty announces completion of its spin-off by Citigroup, August 20, 2002

Safeco's new auto Product driving substantial new business growth, June 4, 2002

Travelers Insurance Group appoints Allen Financial Insurance Group as national agribusiness MGA, October 2, 2000

American Equestrian Alliance re-domesticates from AZ to CO as American Equestrian Alliance, Inc., June 21, 2000
   

 


   
   
   
   
   
ACE Agribusiness Completes Acquisition of Agribusiness Insurer Penn Millers, November 30, 2011
 


ZURICH--()--ACE Limited (NYSE:ACE) announced today that it has completed its acquisition of Penn Millers Holding Corporation (PMHC) (NASDAQ: PMIC) for approximately $107 million in cash.

PMHC’s primary insurance subsidiary, Penn Millers Insurance Company, provides specialty property and casualty insurance coverages to companies that manufacture, process and distribute agricultural products. Based in Wilkes-Barre, Pa., the company has served the agribusiness market since 1887 and operates in 34 states.

“We are pleased to complete this transaction, which provides us with an established, specialty niche business and offers us the opportunity to expand our substantial agricultural market capabilities offered through our Rain and Hail crop insurance and ACE Westchester excess and surplus lines businesses,” said Brian Dowd, Office of the Chairman, ACE Limited.

The ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. 

 

 

ACE Agribusiness appoints Allen Financial Insurance Group as national agribusiness general agent.
 
PHOENIX -- (Press Release) -- January 4, 2011 -- ACE Agribusiness has appointed Allen Financial Insurance Group as a national general agent to market it's agribusiness insurance products and services.  Founded in 1971 and based in Phoenix, Arizona, Allen Financial is best known in the agribusiness community for it's equine insurance subsidiary The Equestrian Group.  The Equestrian Group
writes policies covering horses, farm owners, trainers, riding instructors, riding clubs,  equestrian facilities and special events.  Brent Allen, President of Allen Financial stated "this is a major strategic alliance for both companies.  The ACE premium product line combined with Allen Financial's underwriting and marketing background will create one of the best agribusiness delivery systems in the United States".

About ACE Agribusiness
 

ACE Agribusiness represents rural America and is focused on property and casualty offerings that provide large commercial agricultural coverage (for manufacturers, processors and distributors) and farm and ranch property risk coverage. We believe in delivering a focused approach to the rural marketplace and will continue to expand in this segment as we offer additional products to our agents and insureds.  ACE Agribusiness is part of the ACE Group Agriculture division (ACE Agriculture).

 
 

Allen Financial Insurance Group and Capitol Specialty Insurance announce Tattoo and Body Piercing insurance program, December 18, 2009
   

Phoenix, AZ  (Press Release) - December 18, 2009

Allen Financial Insurance Group, a national insurance broker and program administrator, announced today that they have contracted with Capitol Specialty Insurance Corporation to market a national Tattoo & Body Piercing insurance program.  The Ultra Tattoo & Body Piercing program will be underwritten and marketed through the Phoenix office of AFIG and program details can be found on their website www.eqgroupcom. 

Brent Allen, President of Allen Financial said  "after conducting extensive interviews and market research we discovered an industry need for a more comprehensive insurance program.  We are very pleased to offer this new product that represents a major step forward in coverage for tattoo and piercing studios".

About Allen Financial Insurance Group.

Allen Financial Insurance Group is the one of nation's largest and fastest growing underwriters of Equestrian, Agribusiness, Entertainment and Recreation insurance products and services.  AFIG is widely know for it's specialty underwriting division The Equestrian Group that has provided equestrian insurance products and services through it's national network of insurance producers since 1971.  As a general agent for Travelers, Assurant Group. Capitol and Philadelphia gInsurance, Allen Financial offers real-time, underwritten quotes to its national network of retail insurance agencies.  AFIG can also service the needs of agents and brokers with several non-admitted specialty markets.  For more information, visit www.eqgroup.com.

About Capitol Insurance Group

Capitol Insurance Group, Capitol Specialty Insurance Corporation, Capitol Indemnity Corporation and Platte River Insurance Company have all obtained an A ("Excellent") rating from AM Best.

All Capitol companies are subsidiaries of Alleghany Insurance Holdings, LLC, whose parent company, Alleghany Corporation is publicly traded on the New York Stock Exchange (ticket symbol "Y").

 
   

Best Affirms Ratings of Assurant and Its Subsidiaries; Several Upgraded
 
 

National News - November 20, 2009

A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the P/C and life/health insurance subsidiaries of Assurant, Inc. Best also affirmed the ICR of “bbb” and debt ratings of Assurant.

At the same time Best upgraded the FSR to 'A' (Excellent) from 'A' (Excellent) and ICRs to “a” from “a-” for four of Assurant’s P/C subsidiaries: American Reliable Insurance Company (ARIC) (Scottsdale, AZ), Voyager Indemnity Insurance Company (VIIC) (Atlanta, GA), Reliable Lloyds Insurance Company (RLIC) (Austin, TX) and Caribbean American Property Insurance Company (CAPIC) (San Juan, PR). The outlook for all of these ratings is stable.

"Assurant’s ratings recognize the organization’s diverse business mix, established presence in numerous niche markets, very good operating results and appropriate overall capitalization," best explained. As of September 30, 2009, Assurant’s unadjusted debt-to-capital and debt-to-tangible capital ratios were 16.7 percent and 20.2 percent, respectively, while maintaining a fixed interest coverage ratio at over 10 times.

Source: A.M. Best – www.ambest.com

 
 
   
   

Allen Financial Insurance Group announces national general agency agreement with Philadelphia Insurance Companies for entertainment and special event insurance.
 

 

SCOTTSDALE, AZ, (Press Release)--Friday August 15, 2008

Philadelphia Insurance Company has appointed Allen Financial Insurance Group as a national general agent to market entertainment and special event products and services throughout the United States.  Founded in 1971 and based in Phoenix, Arizona, Allen Financial is best known in the entertainment industry for film production, special events and sports insurance programs.  AFIG Entertainment and Philadelphia will write special event policies covering the spectrum of activities from weddings to rock concerts.  Brent Allen, President of Allen Financial stated "This new partnership will allow us to offer clients a superior product with broader coverage on an admitted basis throughout the United States.  Over the years we have witnessed Philadelphia’s ingenuity and commitment to the entertainment and recreation community and are extremely proud of this new relationship".

About Allen Financial Insurance Group.

Allen Financial Insurance Group is the one of nation's largest and fastest growing underwriters of Equestrian, Agribusiness, Entertainment and Recreation insurance products and services.  AFIG is widely know for it's specialty underwriting division The Equestrian Group that has provided equestrian insurance products and services through it's national network of insurance producers since 1971.  As Travelers, Assurant Group and Philadelphia general agent, Allen Financial offers real-time, underwritten quotes to its national network of retail insurance agencies.  AFIG can also service the needs of agents and brokers with several non-admitted specialty markets.  For more information, visit www.eqgroup.com.

About Philadelphia Insurance Co

In operation since 1962, PHLY designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverage and services for select industries. The Company, whose commercial lines insurance subsidiaries are rated A+ (Superior) by A.M. Best Company and A1 for insurance financial strength by Moody's Investors Services, is nationally recognized as a member of Ward's Top 50, Forbes' Platinum 400 list of America's Best Big Companies and Forbes' 100 Best Mid-Cap Stocks in America. The organization has 47 offices strategically located across the United States to provide superior service.

 

 

   
   
Travelers Agribusiness Offers Customers Expanded Coverage For Their High Value Homes
  HARTFORD, Conn.--(BUSINESS WIRE)--Aug. 15, 2006--

New Endorsement Provides Protection for Dwellings with a Replacement Cost Starting at $1,000,000

Travelers announced today that it now provides expanded coverage for the High Value Homes enjoyed by many of its farm, ranch or winery customers. This new endorsement can also be combined with Travelers' newly enhanced Farm-Ranch Amendatory Endorsement, which offers increased coverage for household personal property.

Brad Bowman, Vice President, Travelers Agribusiness, said, "We recognize the increased exposures that exist for many gentleman farm owners, horse owners and winery owners who reside in larger, higher-end homes on their property. This new endorsement was developed to be in-synch with their unique insurance needs. We are very pleased to offer such a feature-rich package of coverage offerings to our agribusiness clients."

The new High Value Dwelling Endorsement covers a variety of exposures including:

  • Replacement cost coverage on the dwelling up to 125% of current insurance limit;
  • Ordinance or law coverage up to an additional 30% of the dwelling limit;
  • Increased limits for private garages;
  • Credit and fund transfer cards, forgery, and counterfeit currency up to $10,000;
  • Electronic data and restoration coverage up to $2000.

Customers may now extend their coverage further through an enhanced Travelers Farm-Ranch Amendatory Endorsement. This endorsement includes increased coverage for the following: trees and shrubs; gold, money, platinum and silver; watercraft; grave markers; and new construction at the insured location, which has more than doubled - from $100,000 to $250,000. Travelers Identity Fraud Expense coverage endorsement can also be

 

 

August 25, 2005, Travelers Offers Enhanced Identity Theft Protection
   
 
HARTFORD, Conn.--(BUSINESS WIRE)--Aug. 25, 2005

In response to the growing concern about identity theft, Travelers personal lines, a member of St. Paul Travelers (NYSE:STA), announced today significant enhancements to its identity theft protection program, including a new resolution service and expanded expense reimbursement coverage.

Travelers now offers resolution services that provide identity theft victims with the help they need. A consumer fraud specialist will guide them through the steps of reclaiming their identity and repairing their damaged financial history, including ordering credit reports, alerting credit reporting agencies, enrolling customers in six months of daily credit monitoring, and preparing dispute letters on the customers' behalf.

In addition, the expense reimbursement coverage have been expanded in several ways:

  • Increased coverage limit from $15,000 to $25,000;
  • Eliminated deductible;
  • Increased coverage for lost wages to up to $1,000 per week for a maximum of five weeks;
  • Added reimbursement for daycare and eldercare expenses.

Other covered expenses include:

  • Notary and certified mail charges for completing and delivering fraud affidavits;
  • Fees to re-apply for loans that were denied due to erroneous credit information due to the identity theft;
  • Long distance telephone charges for calling merchants, law enforcement agencies or credit grantors to discuss an act of identity theft;
  • Attorney fees incurred, with Travelers' prior consent.

Joseph P. Lacher Jr., executive vice president of St. Paul Travelers and CEO of Travelers, said, "Helping our customers protect their assets is a responsibility we take very seriously. Since pioneering identity fraud expense reimbursement insurance in 1999, we have seen identity theft become the fastest growing white collar crime in America. Knowing it takes numerous hours and thousands of dollars to get your identity back, we felt it was important to enhance our coverage to help customers restore their good name and financial reputation as quickly as possible."

Offered as an endorsement to a Travelers homeowners, condo or renters policy for only $25 per year, the enhanced identity theft coverage will be available in most states by September.

St. Paul Travelers also offers identity fraud expense reimbursement coverage to financial institutions or other commercial businesses that purchase a master policy on behalf of their account holders or customers, or for use as an employee or membership benefit offering.


About Allen Financial Insurance Group
.

Allen Financial Insurance Group is the one of nation's largest and fastest growing underwriters of Equestrian, Agribusiness, Entertainment and Recreation insurance products and services.  AFIG is widely know for it's specialty underwriting division The Equestrian Group that has provided equestrian insurance products and services through it's national network of insurance producers since 1971.  As a St Paul Travelers and Assurant Group MGA, Allen Financial offers real-time, underwritten quotes to its national network of retail insurance agencies.  AFIG can also service the needs of agents and brokers with several non-admitted specialty markets.  For more information, visit www.eqgroup.com.

About St. Paul Travelers

St. Paul Travelers is a leading provider of commercial property-liability insurance and asset management services. Under the Travelers brand, the company is also a leading underwriter of homeowners and auto insurance through independent agents. The company has a current market capitalization of approximately $27 billion. For more information, visit www.stpaultravelers.com.

 

St. Paul Travelers Entertainment appoints Allen Financial Insurance Group
 
PHOENIX, AZ.--(BUSINESS WIRE)--April 1, 2005
 
Allen Financial Insurance Group announced the formation of a dedicated national business unit that will work with retail agents and brokers to provide property and casualty insurance to the entertainment industry including film, television, music and stage productions. Brent Allen, President of Allen Financial commented "This new partnership between St. Paul Travelers and our Entertainment & Recreation Unit to be known as AFIG Entertainment will allow us to offer unmatched product and services to the entertainment industry". 

About Allen Financial Insurance Group
.

Allen Financial Insurance Group is the one of nation's largest and fastest growing underwriters of Equestrian, Agribusiness, Entertainment and Recreation insurance products and services.  AFIG is widely know for it's specialty underwriting division The Equestrian Group that has provided equestrian insurance products and services through it's national network of insurance producers since 1971.  As a St Paul Travelers and Assurant Group MGA, Allen Financial offers real-time, underwritten quotes to its national network of retail insurance agencies.  AFIG can also service the needs of agents and brokers with several non-admitted specialty markets.  For more information, visit www.eqgroup.com.

About St. Paul Travelers

St. Paul Travelers is a leading provider of commercial property-liability insurance and asset management services. Under the Travelers brand, the company is also a leading underwriter of homeowners and auto insurance through independent agents. The company has a current market capitalization of approximately $27 billion. For more information, visit www.stpaultravelers.com.

 

St. Paul Travelers Announces Formation Of National Entertainment Business Unit
 
SAINT PAUL, Minn.--(BUSINESS WIRE)--Aug. 10, 2004--St. Paul Travelers (NYSE:STA) today announced the formation of a dedicated national business unit that will work with retail agents and brokers to provide property and casualty insurance to the entertainment industry, including film, television, music and stage productions.

The new Entertainment Unit includes the combination of Gulf Insurance Group's specialized entertainment division with St. Paul Travelers' existing entertainment program written through Encore Entertainment Insurance Services, LLC, the Los Angeles-based managing general agency. This combination strengthens St. Paul Travelers' position as the leader in the entertainment insurance industry. Gulf and Encore professionals will join St. Paul Travelers and work to ensure ongoing exceptional service for customers as well as agents and brokers.

"St. Paul Travelers' Entertainment Unit brings together the tremendous experience and talent of both Encore and Gulf," said Peter Higgins, president and chief executive officer--Commercial Accounts. "This combination reinforces our commitment as the 'go-to' insurance market for the entertainment industry, offering unmatched expertise, broad product offerings and dedicated underwriting, risk control and claim capabilities."

About St. Paul Travelers

St. Paul Travelers is a leading provider of commercial property-liability insurance and asset management services. Under the Travelers brand, the company is also a leading underwriter of homeowners and auto insurance through independent agents. The company has a current market capitalization of approximately $27 billion. For more information, visit www.stpaultravelers.com.

 

AFIG Teams Up With IMMS
 
SCOTTSDALE, AZ, (Press Release)--Monday August 16, 2004--Allen Financial Insurance Group (AFIG) today announced that they have joined forces with Insurance Marketing & Management Services (IMMS) - the industry's leading provider of marketing and management information to insurance professionals.  AFIG will provide IMMS agents with agribusiness and equestrian insurance products through internationally known insurers such as St Paul Travelers and the Assurant Group.  Brent Allen, President of Allen Financial stated "I am  very enthusiastic about this new marketing partnership.  AFIG and IMMS  have both been serving the independent agent for over twenty years.  Now our agents and underwriters can form an unbeatable insurance team offering farm/ranch and equestrian clients some of the highest quality products available".

IMMS's 4,000 independent agents and brokers will automatically become part of the AFIG Preferred Producer program giving them automated underwriting tools and a streamlined process for conducting their insurance transactions with both consumers and carriers.  The AFIG website portal provides agents quick and easy access to company information, underwriting forms, risk management guidelines and an overview of its custom insurance solutions at www.eqgroup.com
 

  About Insurance Marketing Management Services

IMMS is headquartered in Los Angeles, and provides some 200 products, services, and publications to insurance professionals throughout the United States and Canada

About Allen Financial Insurance Group.

Allen Financial Insurance Group is the one of nation's largest and fastest growing underwriters of farm, ranch, agribusiness and equestrian insurance products and services.  AFIG is widely know for it's specialty underwriting division The Equestrian Group that has provided equestrian insurance products and services through it's national network of insurance producers since 1971.  As a St Paul Travelers and Assurant Group MGA, Allen Financial offers real-time, underwritten quotes to its national network of retail insurance agencies.  AFIG can also service the needs of agents and brokers with several non-admitted specialty markets.

asualty, Voyager Indemnity and American Bankers Insurance Company of Florida are part of

St. Paul Travelers Merger Complete
  SAINT PAUL, Minn.--(BUSINESS WIRE)--April 1, 2004--St. Paul Travelers today completed the merger that combines The St. Paul Companies (NYSE:SPC) and Travelers Property Casualty Corp. (NYSE:TAP.A and TAP.B). Beginning tomorrow morning, April 2, 2004, St. Paul Travelers Companies stock will be listed on the New York Stock Exchange under the symbol "STA."

The combined company is uniquely positioned as the commercial insurer of choice for independent agents and brokers across the United States. The company also offers homeowners, auto and other insurance products for individuals and families under the highly regarded Travelers brand.

"This combination of two industry leaders positions us to better fulfill our commitment to serve independent agents and brokers and our insured customers," said Jay S. Fishman, Chief Executive Officer of St. Paul Travelers. "We are grateful for the strong support for this merger demonstrated by shareholders, agents, brokers, employees and the communities we serve. We are excited to now move forward as one entity that has the experience and resources of both companies, coupled with an unsurpassed breadth of insurance products."

"St. Paul Travelers brings together the best of both companies, including skilled and dedicated employees with similar performance-based cultures and underwriting skills. The merger also creates a stronger national distribution network across all product lines," said Robert I. Lipp, Chairman of St. Paul Travelers. "We look forward to exploring the expanded opportunities available to the independent agents and brokers we serve, created through St. Paul Travelers' broad product array and our continued appetite for growth."

About St. Paul Travelers

St. Paul Travelers is a leading provider of commercial property-liability insurance and asset management services. Under the Travelers brand, the company is also a leading underwriter of homeowners and auto insurance through independent agents. The company has a current market capitalization of approximately $27 billion. For more information, visit www.stpaultravelers.com.

 

American Reliable appoints Allen Financial as national MGA
  SCOTTSDALE, AZ, (Press Release)--Wednesday December 15, 2003--American Reliable Insurance Company, a member of the the Assurant Group has appointed Allen Financial Insurance Group as a national general agent to market their agribusiness insurance products and services throughout the United States.  Founded in 1971 and based in Phoenix, Arizona, Allen Financial is best known in the agribusiness community for it's equine insurance subsidiary The Equestrian Group.  The Equestrian Group writes policies covering horses, farm owners, trainers, riding instructors, riding clubs,  equestrian facilities and special events.  Brent Allen, President of Allen Financial stated "This new partnership will allow us to offer clients a broader scope of agribusiness products and services on a national scale.  Over the years we have witnessed American Reliable's ingenuity and commitment to the farm community and are extremely proud of this new relationship".
  About American Reliable
American Reliable and American Bankers Insurance of Florida are part of Assurant Solutions, a leading provider of specialty risk management products and services throughout North America, the Carribean, South America and part of Europe.  American Reliable has experience continued growth of assets and premium for over 50 years.  The Company was acquired by American Bankers of Florida in 1984.  Fortis, Inc. (now Assurant) acquired purchased ABIG in 1999 who combined ABIG with other subsidiaries and operates as Assurant, Inc. formed through a 2 billion dollar public offering on the New York Stock Exchange. 

 

asualty, Voyager Indemnity and American Bankers Insurance Company of Florida are part of

 Zurich North America Small Business Introduces Business Finance Center
  SCHAUMBURG, IL, October 21, 2002 -- Zurich North America Small Business (ZSB), today announced the introduction of the Business Finance Center (BFC), a customized online commercial lending marketplace for small business loans, commercial real estate loans and equipment lease financing. Provided through a strategic alliance with a leading provider of financing solutions on the Internet, the BFC is available to customers exclusively by referral from ZSB's national network of independent insurance agents.

The BFC is a revenue-generating customer service tool that enables ZSB's agents to provide all of their commercial customers with access to commercial financing from multiple lenders through a single application. Financing from $5,000 up to $500 million is available through the BFC.

"The Business Finance Center is set up as a win-win opportunity for both insurance agents and their customers," said Bob Coppersmith, vice president of financial services products for Zurich North America Small Business. "Agents can refer their commercial customers from either the Business Finance Center information page or from a link added to the agency's own web site. Once a referral is made, the customer can then submit a single financing request to multiple lenders right from their desktop computer.  The BFC gives their customers easy online access to competitive rates and terms and the agencies an opportunity to earn more income while providing customers with a valued service."

Using the Business Finance Center, businesses can access more than 200 lenders, including banks, Wall Street firms, insurance companies, finance companies, other financial institutions and private investors. Loan applicants remain anonymous throughout the entire application process, and only winning lenders receive customer contact information. In addition, the Business Finance Center allows applicants to specify loan preferences and control certain aspects of the process, including the proposal deadline and whether a lender may view proposals from other lenders

 

 
Travelers Property Casualty Announces Completion of its Spin-Off by Citigroup
  Hartford, CT – Aug. 20, 2002 – Travelers Property Casualty Corp. (NYSE: TAP.A and TAP.B) announced that Citigroup has completed the spin-off of Travelers Property Casualty by distributing today 219,050,000 shares of Travelers class A common stock and 450,050,000 shares of Travelers class B common stock, owned by Citigroup.

After the close of trading on the New York Stock Exchange today, Citigroup stockholders of record on August 9, 2002, were issued a combination of 0.0432043 of a share of Travelers class A common stock and 0.0887656 of a share of Travelers class B common stock for each share of Citigroup common stock held. Cash will be paid in lieu of fractional shares.

As a result of the distribution, Citigroup currently holds approximately 49.95 million shares of Travelers class A common stock and approximately 49.95 million shares of Travelers class B common stock, representing 9.99% of the outstanding shares of Travelers common stock and 9.99% of the outstanding voting power of Travelers.

About Travelers Property Casualty
Travelers Property Casualty (NYSE: TAP.A and TAP.B) is a leading provider of a wide range of insurance products. Travelers is the third largest commercial lines insurer, providing a broad range of insurance products including workers' compensation, integrated disability, property, liability, specialty lines, surety bonds, inland/ocean marine, and boiler and machinery. The company is the second largest writer of homeowners and auto insurance through independent agents.

 

SAFECO’S new auto Product driving substantial new business growth
  SEATTLE — (June 4, 2002) — One month after launching its new auto insurance product, SAFECO (Nasdaq: SAFC) is seeing the results it expected: a substantial increase in new business. The new product more than doubles SAFECO’s auto market reach and will help the company achieve the long-term goal of becoming a top-five national writer of auto insurance.

The new product debuted in Arizona, Utah and South Carolina in April. Agents there have offered SAFECO auto insurance quotes to their customers three times more often than before its introduction, with new-policy sales up over 40 percent in each state.

On May 30, SAFECO launched the new product in five additional states: Connecticut, Kansas, Indiana, Idaho and Wisconsin. The rollout will continue in several more states each month until the product is launched in all 44 states where SAFECO does business.

“This is a bold statement of SAFECO’s focus on growth and profitability,” noted SAFECO Personal Lines President Mike LaRocco . “Early agent feedback on the new product is very encouraging. We believe our vision of providing the market a blend of new products, new technology and our independent agents’ skill in serving customers gives us a distinct advantage.

“My first priority when I came to SAFECO last year was to make sure we offered the best products in the industry, backed by our reputation for quality customer service,” LaRocco said. “The launch of the new auto product is proof that we are on the road to fulfilling that promise. This puts us in the right market position for robust growth in business and revenues.”

The new auto product brings together three markets – preferred, standard and non-standard – into one model and thereby expands SAFECO’s market reach from 40 to 95 percent. This marks the first time the company has offered non-standard auto insurance under the SAFECO brand.

SAFECO, in business since 1923, is a Fortune 500 company based in Seattle that sells insurance and related financial products through more than 17,000 independent agents and financial advisors.

 

Travelers Insurance Group appoints Allen Financial Insurance Group as national agribusiness general agent.
  PHOENIX--(Press Release)--Monday October 2, 2000--Travelers Insurance Group has appointed Allen Financial Insurance Group as a national general agent to market it's agribusiness insurance products and services.  Founded in 1971 and based in Phoenix, Arizona, Allen Financial is best known in the agribusiness community for it's equine insurance subsidiary The Equestrian Group.  The Equestrian Group writes policies covering horses, farm owners, trainers, riding instructors, riding clubs,  equestrian facilities and special events.  Brent Allen, President of Allen Financial stated "this is a major strategic alliance for both companies.  Traveler's premium product line combined with Allen Financial's underwriting and marketing background will create one of the best agribusiness delivery systems in the United States".

About Travelers Property Casualty
Travelers Property Casualty (NYSE: TAP.A) is a leading provider of a wide range of insurance products for individuals and businesses. Travelers is a member company of Citigroup (NYSE: C).

   

 

American Equestrian Alliance re-domesticates from Arizona to Colorado as American Equestrian Alliance, Inc. 
 

DENVER--(Press Release)--June 21, 2000-- Today, the American Equestrian Alliance, a national association of horse owners, trainers, stables, farms, ranches and equestrian related businesses, re-domesticated  from Arizona to Colorado as a Colorado corporation. Founded in 1989, American Equestrian Alliance  was established to promote equestrian activities, support equine legislation, distribute educational literature and operate as an insurance safety group for it's membership. Theresa Tamburri, Executive Director of the association, stated "the AEA board of directors decided to re-incorporate the Association in Colorado because of the states progressive attitude toward equestrian legislation, association risk purchasing groups and land use".  Alliance membership has now expanded  to include all fifty states and Canada. 

   


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