U.S. E&O Brokers to Provide Agents’ E&O Coverage on MarketScout.com

April 10, 2001

MarketScout, a Dallas-based e-commerce company specializing in the distribution of property and casualty insurance products, announced that U.S. E&O Brokers Group has been selected as its exclusive “Best of Class” provider of Agents and Brokers Errors & Omissions insurance coverage.

U.S. E&O Brokers Group operates nationwide with offices located in Atlanta, Albuquerque, Colorado Springs, Hartford and Houston. Agents and brokers E&O is the only coverage the company offers. They have underwriting authority for companies such as Ace American Insurance Company, American Equity Specialty Insurance Company, and Executive Risk Indemnity Inc.

MarketScout is a subsidiary of Insurance Data Systems, a Dallas-based insurance e-commerce holding company. It is currently licensed to write business in 47 states and has created more than 370 industry segments.

MarketScout founder Richard K. Kerr said, “We have spent a tremendous amount of time, money and energy in securing proper licensing to distribute all property and casualty products. Some eInsurance models do not require licensing, consequently there is a lot of confusion regarding who should and should not be licensed. To eliminate any concerns, we require that all parties using our site be properly licensed. Our insurers take comfort knowing the MarketScout model considers licensing an important prerequisite to placing business”.

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