The insurance companies we represent reflect our commitment to our business customers. We know that our reputation is based upon the quality of our service… but also on the quality of the product we sell. Prompt Insurance Agency maintains relationships with most of the world's top tier insurance carriers. Before we establish an agency with a new insurance carrier - we perform a diligent investigation of:
- range and scope of insurance policies
- claims handling procedures and reputation
- financial stability
- A.M. Best's rating
We are proud of our portfolio of insurance lines and include the following insurance companies among our best offerings:
- American International Group ( AIG )
- American International Group, Inc. (AIG) is the world's leading international insurance and financial services organization, with operations in more than 130 countries. AIG companies serve commercial insurance and institutional insurance through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. AIG's common stock is listed in the U.S. on the New York Stock Exchange and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
- As of April, 2005 - AIG had over $800B in assets and in excess of 50 million insurance customers. Net income for the 2004 FY was $11.05B on revenues of $98.6B.
- Continental-National American Group ( CNA )
- CNA is a leading global insurance organization serving businesses and individuals with a broad range of insurance products and insurance-related services. Since 1897, CNA has built on a foundation of financial strength, stability and commitment to customers and business partners.
- For the FY 2004, CNA had assets of $11.9B against liabilities of less than $2.1B.
- The Hartford Financial Services Group
- Founded in 1810, The Hartford Financial Services Group, Inc. (NYSE: HIG) is one of the largest investment and insurance companies in the United States. The Hartford is a leading provider of investment products, life insurance and group and employee benefits; automobile and homeowners products; and business insurance. The company is the largest seller of individual annuities in the U.S. and has been a provider of auto and homeowners insurance to members of AARP since 1984.
- For FY 2003, Hartford managed a portfolio of $250B against premium revenues of almost $19B.
- St. Paul Travelers
- St. Paul Travelers (NYSE:STA) is headquartered in Saint Paul, Minn., with significant operations in Hartford, Conn., and provides commercial property-casualty insurance, personal property-casualty insurance and asset management services. The company reported 2004 revenues of $23 billion and total assets of $112 billion. St. Paul Travelers is a leading provider of property casualty insurance and asset management services. Travelers, a member of St. Paul Travelers, is the second largest writer of auto and homeowners insurance through independent agents.
- Philadelphia
- Philadelphia Consolidated Holding Company (NASDAQ-PHLY) is an insurance holding company with assets of over $1 billion. Their corporate insurance history dates back to a subsidiary formation in 1962. The company designs and underwrites commercial and personal property and casualty insurance products incorporating value-added coverage and services for select markets and niches. Among the subsidiaries is Philadelphia Indemnity Insurance Companies, a commercial, personal property and casualty insurer operating in 49 states.
- The Specialty Lines Division of Philadelphia Insurance Companies underwrites professional and directors & officers products using proprietary policies and rates. The professional liability insurance (E&O) provides errors and omissions insurance for lawyers, accountants, consultants and over 30 miscellaneous professions. The Directors & Officers (D&O) product is offered to non-profit, for-profit, and financial organizations. In addition, the company provides commercial multi peril coverage for non-profits, schools, and BOP for consultants, lawyers or accounting firms.
- For 2004, Philadelphia was managing over $2.4B in assets with revenue at approximately $819M.
- The Chubb Corporation
- Chubb is a leading insurance and risk management provider for individuals and for businesses, offering a wide choice of standard and specialty property and liability coverage. Chubb is well known for its customer-first approach to claims-handling. Its claim service consistently earns superior ratings from their policyholders.
- For more than 22 years, Chubb has been a leading provider of creative insurance solutions for the information technology industry.
- Chubb earns consistently high ratings for financial strength from all major credit rating agencies. For FY 2004, Chubb's net written premiums were $12.1B with net income of $1.5B. Chubb has $44B in assets
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