RE/MAX of Texas announced it partnered with USI to develop a partial self-insurance fund for real estate professional liability insurance, exclusively for RE/MAX of Texas franchisees.
The USI program is underwritten by Lexington Insurance, an AIG subsidiary with the highest A.M. Best Ratings of “A++” and “XV,” and is a first step to reducing the “risk” to insurance companies when they write an insurance policy, with the objective of lowering or stabilizing future premiums, lowering deductibles, and developing a strong risk reduction program.
Vericlaim, an independent third party administrator (TPA) will be providing claims management services for the program.
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