Press Release
Contacts:
Andrew M. WoodInsuranceNoodle.com
312.372.1667
awood@insurancenoodle.com Paul Bjorneberg
Norton Rubble & Mertz
630.954.0500, ext. 5017
pbjorneberg@nrmadv.com
Noodle Specialty Brokers To Underwrite, Distribute Management Liability Product from The Hartford
Online broker to offer admitted, non-admitted access to "Private Choice Encore!¿".CHICAGO ¿ November 3, 2005 ¿ Noodle Specialty Brokers (NSB), a division of InsuranceNoodle (www.insurancenoodle.com), has announced an agreement with The Hartford to underwrite and distribute, online, the top-tier carrier¿s ¿Private Choice Encore!¿¿ management liability product for private, for-profit companies.
Private Choice Encore!¿ ¿ geared toward small- to medium-cap companies with up to $350 million in revenue and 2,500 employees ¿ will be available on an admitted and non-admitted basis via NSB to its appointed wholesale brokers.
¿The Hartford typically distributes its commercial products through retail agents,¿ said Jim Fowler, NSB¿s executive vice president. ¿Therefore, it¿s a real honor they have chosen NSB as the only outlet though which wholesalers can access Private Choice Encore!¿, an industry leading package policy that gives wholesale brokers and their customers outstanding, tailored management liability coverage.¿
According to Don Urbanciz, CEO of InsuranceVianet, InsuranceNoodle¿s holding company, Noodle Specialty Brokers currently writes and distributes management liability coverage through more than 100 wholesalers and has an exemplary loss record for its multi-million dollar book of business. ¿Under this new agreement with The Harford, we will be able to significantly expand our management liability business and move further toward our goal of being the first choice for wholesale operations nationwide.¿
For information about becoming an appointed wholesale agent with Noodle Specialty Brokers, contact Jim Fowler at 908.595.2164. For information about becoming an appointed retail agent with InsuranceNoodle, visit www.insurancenoodle.com/esagents.
# # #
About The Hartford
The Hartford is one of the largest financial services and insurance companies in the U.S., with worldwide revenues of $22.7 billion in 2004. The company is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property-casualty insurance. International operations are located in Japan, Brazil and the United Kingdom. For more information: www.thehartford.com.
About Noodle Specialty Brokers
Noodle Specialty Brokers provides retailers and wholesalers online access to specialty small commercial products not available from national standard lines small commercial P&C carriers. NSB also offers admitted and non-admitted products as a program manager for nationally recognized carriers. Utilizing proprietary single entry (SEMCI) technology, NSB¿s Internet-based front end includes appetite information and screens unwanted risks before being seen by the underwriter. The technology package also handles submissions, quotes and service for active policies, creates a submission management platform, date- and time-stamps each transaction and creates a complete electronic file. For additional information, contact Jim Fowler at 908.595.2164.
About InsuranceNoodle
InsuranceNoodle, a Chicago-based insurance e-broker, is the most complete online insurance solution for small business, ensuring comprehensive, tailored coverage at competitive prices. Through a quick, streamlined process, InsuranceNoodle offers agencies and small business owners comparative quotes, online purchasing and servicing of products from leading insurers including AIG, Chubb, CNA, Encompass, The Hartford, Markel, OneBeacon, Philadelphia Insurance Companies, Safeco Insurance Corp., St. Paul Travelers, and Zurich. Real-time customer service and advice from licensed insurance advisors is available 7:30 am to 6 pm (Central Time), Monday-Friday. InsuranceNoodle is licensed in 49 states, reaching over 99% of all U.S. small businesses through its extensive national network of independent insurance agencies or via direct access online. For more information, visit www.insurancenoodle.com. Information about joining the NoodleNetwork¿ may be found at https://www.insurancenoodle.com/secure/agency.