Florida Association of Insurance Agents Selects ACE USA As Exclusive Provider of International Property & Casualty Insurance.Business Editors PHILADELPHIA--(BUSINESS WIRE)--April 7, 2004 ACE USA International Advantage(R) Products & Services to be Available Online Through FAIA's Member Services Program ACE US International, a division of ACE USA, the U.S.-based retail operations of The ACE Group of Companies (NYSE NYSE See: New York Stock Exchange : ACE), today announced that it has been selected as the exclusive provider of global programs and specialty insurance coverage to the more than 1200 members of the Florida Florida, state, United States Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and Association of Insurance Agents (FAIA FAIA Florida Association of Insurance Agents FAIA Food Additives and Ingredients Association (Kent, UK) FAIA Fellow, American Institute of Architects (honorary position) ) throughout the U.S. As part of this business relationship, members of the FAIA now have direct online access through a specially-designed website to the ACE USA International Advantage(R) suite of products and services. The International Advantage(R) suite of general liability, property and specialty products and services is uniquely designed for U.S.-based businesses with assets, fiscal and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. outside the U.S. and includes the following: International Property Coverage offering broad protection for all sizes of property exposures; International Medical Insurance Benefits and AD&D Coverage, which offers true 24-hour protection for employee business travelers and their dependents; and, Executive Assistance(R) Services, which provides a package of emergency medical, personal, travel and security assistance services. These specialty products combine with the core elements: general liability, employers responsibility and ocean cargo to help minimize the coverage gaps for U.S.-based companies doing business overseas. "We are pleased to join with the Florida Association of Insurance Agents in offering global insurance programs targeted to the mid-sized employer market through the FAIA Member Services program," said Andrew MacKinnon MacKinnon or Mackinnon is a surname, and may refer to
1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. expertise and unparalleled global service with the high standard of commitment of the FAIA to deliver value and added benefits for its membership base. Our specially-designed website offers flexibility and ease of use that enables FAIA's member agents' smooth submissions, quick turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. on quotes, and ease of access to international expertise." "This program will provide our membership with the opportunity to review their international property and casualty needs through our business relationships with ACE US International--an organization that is dedicated to providing high quality service and delivering value to its targeted insured," said FAIA Member Services, Inc. Managing Director Jay Williams. Created nearly a century ago in 1904 as the Florida Local Underwriters Association, the Florida Association of Insurance Agents adopted its current name in 1941. Dedicated to enhancing the independent agency system through education, legislation, communication and FAIA Member Services, FAIA is a nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. state trade association of insurance agencies affiliated with the Independent Insurance Agents and Brokers of America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. and 22 local boards throughout Florida. The mission of FAIA is to serve the needs of Florida insurance agents by promoting a healthy and competitive insurance environment. ACE USA is a U.S.-based operating division of the ACE Group of Companies, headed by ACE Limited (NYSE:ACE). ACE USA provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. for a diverse group of clients around the world. |
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