General Star to Write Realtors and Accountants E&O Coverage

June 25, 2003

Herbert H. Landy Insurance Agency of Needham, Mass., has forged a business relationship with General Star Management Company to provide Errors & Omissions Insurance for Real Estate and Accounting professionals through General Star Management Company a wholly owned subsidiary of General Reinsurance Corporation providing specialty underwriting, claims, and administrative services for excess, primary casualty, professional liability and property insurance. General Star maintains an A ++ rating from AM Best and an AAA rating from standard & Poor’s.

Accountants Errors & Omissions insurance will be available nationwide through The CPA Advantage(TM) program providing coverage for the accounting, financial planning and consulting services offered by accounting firms of all sizes. The Accountants Basic Coverage program offers an economical alternative for Accountants, Bookkeepers and Tax Preparers. General Star will provide coverage for Accountants on an admitted basis.

The Real Estate E & O Program is available nationwide for Residential and Commercial Real Estate Brokers, Agents, Consultants, Property Managers, Appraisers and Auctioneers. Coverage will be providing in all states except California on an admitted basis. California Realtors will be offered coverage on a surplus lines basis.

A separate policy will also be available nationwide, on an admitted basis, for individual appraisers involved in residential or commercial real estate appraisal work.

According to Betsy Magnuson, president of Herbert H. Landy Insurance (, “We have been providing Errors & Omissions Insurance for professionals since 1962. Our expertise and reputation have earned us the privilege of working with a company like General Star. They have the ability to support the Errors & Omissions insurance programs and to provide long-term commitments to the professional community. Landy currently insures more than 9,000 Real Estate and Appraiser firms and more than 30,000 Accounting professionals throughout the United States. We credit our success to the continued commitment of the independent agents nationwide that we work with and the excellent professional liability products that we provide. We welcome the participation of agents nationwide who are looking for a professional liability market for their Accounting and Real Estate clientele.”

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