Feb 13 - The American Bankers Association has announced that ABA Insurance Services – the ABA-endorsed program providing directors and officers, bond and related insurance to community banks – is now offering property and casualty insurance.
In response to market demand for a comprehensive product suite, the new P&C program includes standard lines coverage of property, general liability, business automobile, workers compensation and umbrella, as well as unique coverage enhancements designed to address bank-specific hazards.
The ABA-endorsed insurance program was created more than 25 years ago to be a long-term, stable source of insurance for community banks. The addition of property and casualty coverage to ABA Insurance Services’ product suite will allow the market’s only bank-owned and banker-directed insurance program to compete more effectively in the community bank marketplace.
“The ability to offer property and casualty to our customers will give them the convenience of one-stop shopping for all of their insurance needs,” explained John N. Wells, president and CEO of ABA Insurance Services. “With our P&C program, our customers will not only enjoy greater convenience, they will also benefit from working with underwriters with the industry’s highest customer service standards.”
“The ABA Insurance Services program is designed by bankers for bankers,” stated John C. Wolff, executive vice president, ABA and Corporation for American Banking, an ABA subsidiary. “The new property and casualty program demonstrates the commitment of ABA Insurance Services and its reinsurer, American Bankers Mutual Insurance Ltd. to identify needs and provide insurance solutions for the banking industry.”
To learn more, contact ABA Insurance Services at 800-274-5222, visit www.abais.com, or follow @ABAInsSvcs on Twitter.