New admitted markets? PIAIS P&C Admitted Carrier Access program now available!
In January, PIA Insurance Services initiated a new Property & Casualty Admitted Carrier Market Access Program for PIA members and PIAIS-insured Agencies. Member-agents own their book of business; earn 100% of available commission (meaning if the carrier offers 15% on its business, the agent gets 100% of 15% commission) on all new and renewal business written through this program. With a cadre of standard P&C flagship companies, this PIAIS program offers admitted carrier access for start-up agencies; agencies needing a specific admitted carrier’s product for a one-of-a-kind client; agencies that wish to “try out a new carrier” or work with a carrier on a limited basis without an appointment, and L&H agents interested in doing some P&C business.
PIAIS’ P&C admitted carrier access program is offered through an agreement between PIAIS and Johnson & Johnson (J&J), a full service, family-owned, certified MGA founded in 1930 and operating out of Charleston, SC, that specializes in serving independent agents. J&J’s current list of admitted carriers includes: Travelers Commercial Lines; Hartford; USLI (EPLI only); QBE Group (Queensland, A on S&P ; one of top 25 global CL carriers, admitted Jan 1, 2010); American Modern PL (habitational only); Scottsdale Personal Lines only, Colony (commercial, garage, only, admitted Oct 1, 2009); AmTrust and Berkshire Hathaway for Workers’ Comp; ACE, Chartis (old AIG Private Client Group for coastal H/O) and Fireman’s Fund. Note that some carrier names are familiar names in the E&S market, but the admitted business segments of these companies are limited to specific admitted risk categories through PIA’s program. PIAIS is not offering an E&S markets program, only admitted markets.
PIAIS’ program provides participating PIA agents 24/7 online access to carriers and agents own their own book of business. Using J&J’s online application results in a rated, bindable quote, which is direct billed by the carriers, including premium financing as needed. J&J will takes apps via fax, phone or online. J&J virtually guarantees a one-day turnaround on quoting. For agencies accepted into the program, J&J retains all overrides and contingencies. J&J has sole discretion to appoint and to terminate agencies in the program. Existing J&J agent relationships with PIA members in VA and DC are grandfathered in the program. J&J provides participating agencies with quoting, rating, all back office service, claims and client support, and will work with PIA members to get the applications competed correctly and fully for carrier underwriting.
A major attraction for agents is J&J’s customer service promise: call in by 2 p.m. gets a response by 5 p.m. same day, and they will always call you back that day. Call PIAIS in Richmond for information on how you can get into this new Admitted P&C Carrier access program – 804-264-2582 or lreed@piavadc.com.