Navigation Links
ULLICO Casualty Group Aligns with Hudson Insurance Company to Offer Fiduciary and Union Liability Insurance
Date:2/26/2008

WASHINGTON, Feb. 26 /PRNewswire/ -- ULLICO Casualty Group (ULLICO Casualty) has aligned with Hudson Insurance Company (Hudson) to offer enhanced fiduciary and union liability insurance programs. Hudson is rated "A" (Excellent), financial size category XV (surplus greater than $2 billion) by A.M. Best Company. Hudson is the lead primary insurer of Odyssey Re Holdings Corp., the holding company for one of the world's largest underwriters of property and casualty insurance and reinsurance with shareholder equity in excess of $2.4 billion. ULLICO Casualty's fiduciary program will include higher limits of liability, up to $15 million for multi-employer benefit funds and $5 million for their union liability program for labor unions and their leaders. Both product offerings will also include significant policy enhancements.

ULLICO Casualty is offering the unique blend of "duty to defend" policy forms with choice of counsel selected by the insured. The fiduciary policy also enhances coverage for liabilities imposed under Health Insurance Portability and Accountability Act (HIPAA), the recent Pension Protection Act (PPA), and situations in which trustees face liability for non-fiduciary duties. ULLICO Casualty has enhanced its union liability program, which already provides broad coverage, to now include domestic partner coverage as well as third-party discrimination liability coverage, via endorsement.

"As the risk solutions provider for organized labor and multi-employer benefit plans, we chose to issue our market-leading fiduciary liability insurance policies with Hudson because they are a leading specialty insurance company in the United States," said Daniel Aronowitz, President of ULLICO Casualty Group. "Our alignment with Hudson combines the fiduciary expertise and experience of ULLICO Casualty with the safety and security of the large policyholder surplus of Hudson."

ULLICO Casualty pioneered coverage for the Closing Agreement Penalty program of the IRS, which has developed into a significant protection for benefit plans. Now ULLICO Casualty is the first to respond to the new 502(c) liabilities imposed by the PPA. Our new policy further demonstrates why ULLICO Casualty is the market leader in protecting trustees from emerging regulatory risks and liabilities.

ULLICO Casualty staff will continue to handle underwriting, marketing and claims management for the programs, as they have proven experience and expertise in executing these critical functions. The new fiduciary and union liability programs are available through ULLICO Labor Protection Group, a risk purchasing group filed and approved in Washington, D.C. and insured by Hudson. The purchasing group is already approved in 40 states, with new states being added weekly. The use of a purchasing group allows regulatory flexibility and speed to market to offer our products in an expedited manner for targeted niches with similar members -- multi-employer funds, labor unions and related entities.

Funds, labor unions and brokers may obtain more information from Daniel Aronowitz or John O'Brien, Assistant Vice President Marketing, at (202) 962- 2980 or toll-free at (888) 315-3352 x6.

About ULLICO Inc.

ULLICO Inc., with $5.3 billion in total assets under management, is an insurance and financial services holding company. ULLICO's subsidiary companies include The Union Labor Life Insurance Company; Trust Fund Advisors, Inc.; ULLICO Casualty Company and ULLICO Casualty Group. The ULLICO Family of Companies offers quality insurance, investment and administrative products and services marketed since 1927. For additional information, visit http://www.ullico.com.

Forward-Looking Statements

This press release may contain certain "forward-looking statements." In particular, statements regarding growth in our business are forward-looking statements as are discussions of our product pipeline and expected performance. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of ULLICO Inc. or its subsidiary companies, or the industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements.

ULLICO's forward-looking statements speak only as of the date of this press release or as of the date they are made, and ULLICO undertakes no obligation to update its forward-looking statements.

For more information, contact:

John O'Brien at 202.962.2980

Jim Paul at 202.682.7958


'/>"/>
SOURCE ULLICO Casualty Group
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. ULLICO Inc. and U.S. Department of Labor Agree to Resolve 5 Year Old ERISA Investigation
2. Joanne Steen Presents Grief Solutions at the Headquarters Marine Corps 2008 Casualty Conference
3. Mitchell Medical and Jopari Solutions Team up to Offer eBilling Compliance Services to Automobile Property & Casualty Insurance Carriers to Meet New Minnesota Requirements
4. Bankers Life and Casualty Company Joins LifePlans, Inc. and the Department of Health and Human Services to Launch Fall Prevention Program Study For Americas Seniors
5. Microsoft and Microsoft Healthcare Users Group Announce Winners of MS-HUG Healthcare Innovation Awards 2008
6. Hospira Announces New Contract With HealthTrust Purchasing Group for Infusion Devices, Solutions and Equipment
7. Artromick Names Edwin Miller President of Software Products Group
8. The Quantum Group Announces Strategic Technology Alliance
9. The Ensign Group Establishes $50 Million Credit Facility with GE Healthcare Financial Services
10. Vital Health Technologies, Inc. / Caribbean American Health Resorts Inc. Acquires Momentum Medical Group, Inc.
11. Justice Department Requires Divestiture in UnitedHealth Groups Acquisition of Sierra Health Services
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... ... June 27, 2016 , ... ... the only authorized OSHA Training Institute Education Center headquartered in Northern California, has ... workers from extreme heat at their worksites. Employers with workers exposed to ...
(Date:6/27/2016)... Viejo, California (PRWEB) , ... June 27, 2016 , ... ... are fully customizable inside of Final Cut Pro X," said Christina Austin - CEO ... another unique style. Final Cut Pro X users can now reveal the ...
(Date:6/27/2016)... ... June 27, 2016 , ... TherapySites, the leading ... with Tennessee Counseling Association. This new relationship allows TherapySites to continue ... Association, adding exclusive benefits and promotional offers. , "TCA is extremely excited about ...
(Date:6/27/2016)... ... June 27, 2016 , ... ... today announced its strategic partnership with Connance, a healthcare industry leader providing ... companies’ proven, proprietary technology combine to provide health systems, hospitals and ambulatory ...
(Date:6/27/2016)... ... June 27, 2016 , ... A ... revolutionize the emergency ambulance transport experience for the millions of people who require ... has disrupted the taxi industry through the use of technology. Now, SmartEMS has ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... SYDNEY , June 26, 2016 One of ... , has announced the formation of a new biotechnology company, Noxopharm ... raise $6m in an IPO and to list on the ASX. ... drug candidate, NOX66, ready to enter a Phase 1 clinical study ... been designed to address one of the biggest problems facing cancer ...
(Date:6/26/2016)... , June 27, 2016 Jazz Pharmaceuticals plc ... period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, ... of Celator Pharmaceuticals, Inc. ("Celator"; Nasdaq: CPXX ... (Eastern Daylight Time). As previously announced on ... a definitive merger agreement under which Jazz Pharmaceuticals has ...
(Date:6/26/2016)... June 27, 2016  VMS Rehab Systems, Inc. ( ... take whatever measures required to build a strong and ... is currently listed on the OTC Markets-pink current trading ... and CEO, "We are seeing an anomaly in market ... not only by the Company, but shareholders and market ...
Breaking Medicine Technology: