Five States Become Latest to Back AgentSecure’s Web-Enabled Tool for Smaller and Rural Agents

June 18, 2002

AgentSecure, a division of InsureZone that provides agents with online access to big-brand P/C and life products through a single-entry, multiple-carrier interface (SEMCI), has received exclusive endorsements from five more state-based organizations affiliated with the Independent Insurance Agents & Brokers of America (IIABA).

This brings to 29 the number of IIABA affiliates that have endorsed AgentSecure
for their smaller and rural agents. AgentSecure is licensed to do business in 49 states and the District of Columbia. The newest IIABA signings include the Professional Independent Insurance Agents of Colorado, the Independent Insurance Agents of Maryland, the Independent Insurance Agents of Nebraska, the Independent Insurance Agents of Ohio and the Utah Association of Independent Insurance Agents.

“This means that, in only one year, AgentSecure has secured exclusive endorsements from a majority of the state IIABA affiliates,”J. Russell “Rusty”
Reid, president and CEO of InsureZone, which acquired AgentSecure in June 2001, commented. “It’s a very significant milestone in our history and a real testament to the strength and breadth of the AgentSecure solution, which saves agents time and trouble by giving them a single source for products from big brand carriers, while still paying them very competitive commissions.”

Collectively, the 29 IIABA affiliates that have endorsed AgentSecure represent
some 16,000 smaller and rural agents from coast to coast. Using AgentSecure, these agents can gain access to small commercial markets from carriers such as AIG, CNA, The Hartford, SAFECO, The St. Paul and Zurich North America Small Business.

Participating agents are exempt from carrier premium volume commitments,
yet still earn commissions commensurate with industry standards. The lineup of small commercial products includes Businessowners Policy, Workers’ Compensation, Commercial Auto, Umbrella Liability, Directors and Officers (D&O), Employment Practices Liability (EPLI), Builders Risk, Errors and Omissions (E&O) and Bonds. More than 1200 small-business classes are supported.

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