RE/MAX, USI Develop Liability Cover for Texas Real Estate Professionals

May 14, 2003

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.