Sour real estate deals land B-Ds in hot water

December 15, 2010

An Article at InvestmentNews.com states:

“Nearly 100 small to midsize independent broker-dealers find themselves in trouble over sales of tenant-in-common exchanges, a form of real estate ownership in which two or more parties hold fractional interests in a property.” (more…)

Happy Holidays From ProSuranceGroup

December 3, 2010

Happy Holidays From ProSuranceGroup Inc.

2010 has been a great year for ProSuranceGroup despite the challenges of this economy. We brought on two new employees. Dorothy Kent returned to us, after a four year absence, as a Sr. Vice President of our new Fidelity Crime Division. Cynthia Bjornson joined us as our newest Customer Service Representative. With their help we added a new Division and increased the speed at which we are able to handle your applications and requests. Dorothy’s division is paperless, a real step into the 21st century! Someday…..

We have also revamped our website to make it more user friendly. Our applications for the Professional Liability Division and the Crime Division are now available for download. In addition, we have added online applications that allow you to submit your request directly to us without paper. (see my wish for the future above) All of these changes mean “better service” for you.

The Financial Services industry is still working its way out of the serious problems it faced over the last two years. But the market has been strong and growth, while slow, is steadily trending upward. So 2011 looks bright.

Next year we plan to continue to explore expanding our product lines as we listen to what our clients tell us they need. The addition of the Crime Program has been a huge step in that direction and the coming year or two may see more additions.

Our great appreciation for all of the business you have shared with us this year. All of us at ProSurance Group wish you, your staff, and families a Joyous Holiday Season and a very Happy and Prosperous New Year.

P.S. One last thing that we are thankful for during this holiday season… the San Francisco Giants won the World Series for the first time…ever. What a ride for all of us diehard Giants fans. So a special thank you to the San Francisco Giants for making our holiday shopping so much simpler this year…World Series gear for everyone !

happy holidays from ProSuranceGroup Inc.

Markel Programs and ProSurance Group, Inc. to Offer New Primary and Excess Limits for Commercial Fidelity Insurance Program

November 3, 2010


Markel Programs and ProSurance Group, Inc. to Offer New Primary and Excess Limits for Commercial Fidelity Insurance Program

Richmond, VA, November 1, 2010 – Markel Programs announced today an increase in capacity for their monoline commercial Fidelity insurance program through ProSurance Group, Inc., their general agency partner. ProSurance Group will now have capacity to write limits up to $5,000,000 on a primary and excess basis. Commercial Crime coverage is currently available countrywide on an open-brokerage basis. The minimum premium is $2,500.

“We are excited about the success of our partnership with ProSurance. The ability to write larger limits demonstrates our commitment to this general agency and the Fidelity program,” stated Rick Wiseley, Managing Director of Markel Programs. “Prospects for positive growth in 2011 and beyond are tremendous,” he continued.

Dorothy Kent, Senior Vice President of ProSurance Group, commented, “We are very pleased about the program development and are looking forward to providing higher limits of coverage to better serve the broker community and a broader spectrum of clients and industries.”

Markel Programs and ProSurance Group’s Crime program is accessible to a wide variety of industries. Target commercial classes include retail businesses, ATM companies, manufacturers, casinos, and difficult-to-place risks. The coverage protects against fidelity and forgery, money and securities, robbery, safe burglary, computer fraud, money orders and counterfeit currency, theft of client property, funds transfer fraud, and agents.

A division of Markel Corporation, Markel Programs develops partnerships with managing general agents to offer single-source, admitted and non-admitted programs for a specific class or line of business. Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the Company seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting profits and superior investment returns to build shareholder value. To learn more about Markel Programs, visit markelprograms.com.

ProSurance Group was founded in the 1990s as a managing general agency for professional liability. It specializes in underwriting and marketing the more difficult lines of insurance. The Fidelity Division is headed by Dorothy Kent, an experienced senior fidelity underwriter. ProSurance Group markets through independent sub-producers and, in some cases, directly to its insureds. To learn more about ProSurance Group, visit prosurancegroup.com.

Corporate Update, Halloween Party, and our Beloved Giants

November 3, 2010

It’s been a busy couple of months at ProSurance group. Michael Chen was promoted to Director of Accounting and we were all extremely pleased as Michael is such an integral part of making this place run smoothly. We welcomed Cynthia Bjornson as a new member of the Customer Service team. Please be sure to introduce yourselves to her when you call ProSurance Group. Our new Crime Division lead by Dorothy Kent is humming along as she is very busy getting out quotes and binding business. Please check out our Crime section on this website for more information.

As usual, Halloween at the office was in top form. Can you spot some of our ‘Corporate Ghouls’?

Last but certainly not least, we have all enjoyed celebrating the San Francisco GIANTS World Series victory! If your quotes have been a little slow in coming or your underwriter has been a wee bit distracted, we apologize. Once every 56 years we slack off!!!

Life Series Online Application Now Available

August 20, 2010

You asked, and we answered! Starting today, the “Life Series” Application is now online.

The application process will take less than 10 minutes and completed entirely online. You can now pay for your new policy directly from our website via credit card. As usual, after we receive and process your order we will send you your Certificate of Insurance, followed by your Original Policy Package by mail.

Try it today, we’ve made it very easy for you to gain the coverage you need.

Life Series Online Application

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Why ProSurance Group Inc.

Prosurance Group, Inc. is an organization experienced in protecting Financial Service Professionals.

We'll help you through:
  • Innovative policy terms
  • Flexible underwriting
  • Competitive financing
  • Sound financial backing
  • Responsive claims service
Why Do You Need Professional Liability Insurance?
Professional Liability Insurance is your most critical coverage. It protects you against loss from negligent acts of omission or commission while serving your clients. The coverage can make the difference between the survival or failure of your business when faced with today's legal threats.