Here's the press release:
Five Star Specialty Programs, a division of Crump Insurance Services, Inc., and part of Crump Group, Inc., the nation's largest insurance wholesaler, today announced another opportunity as a result of the appointment with Canal Insurance Company. Towing and Recovery coverage, designed to meet the needs of the professional towing and repossession industries, is now available through Five Star and Crump Insurance Services. Agents and brokers now have access to a seasoned staff of professionals who have more than 20 years experience in the trucking and transportation industry.
The Five Star Towing and Recovery segment includes a number of coverages such as auto liability, physical damage, general liability, and on-hook cargo coverage. Eligible classes include recovery specialists and repossessors. Other coverages of special interest to this class include garagekeepers, personal effects and drive away coverage. According to David J. Firstenberg, President and Chief Executive Officer of Canal Insurance Company, "Partnering with Five Star provides another level of expertise to agents and brokers writing Towing & Recovery business. Five Star's expertise in the industry allows for quick turnaround to agent inquiries – making it easier for agents and brokers to write these coverages."
The Towing and Recovery program with Five Star is underwritten in-house allowing more flexibility and faster turnaround. According to David Tooley, President of Five Star Specialty Programs, "partnering with Canal in the transportation business provides the perfect solution for the agents and brokers working with us. They have access to in-depth experience in the industry plus solid financial backing."
Five Star works with licensed and insured retail property and casualty agents and brokers. Those seeking more information regarding the Canal facilities, or any of Five Star Specialty Programs products and services can visit www.5starsp.com/transportation or contact the marketing department, at marketing@5starp.com or 877.247.9772.
About Crump Insurance Services and Five Star Specialty Programs
Crump Insurance Services, Inc. (Crump P&C) is a division of Crump Group, Inc., the nation's largest insurance wholesaler. Crump Insurance Services includes Crump wholesale brokerage locations across the U.S. and in Bermuda, Five Star Specialty Programs, Five Star Professional Programs, Target Insurance Services, and Hanleigh Insurance. Additional information on these companies is available at www.crumpins.com. Acting as a program administrator for numerous P&C carriers, Five Star Specialty Programs develops and provides specialty underwriting for commercial insurance programs. More information specifically on 5Star is available at www.5Starsp.com.
About Canal Insurance Company
Established in 1939 and headquartered in Greenville, South Carolina, Canal Insurance Company is recognized in the industry as a stable, responsive and financially strong insurer of commercial transportation operations. Rated A by A.M. Best, Canal underwrites in forty-four states and is represented by a network of independent general agents across the U.S. For more information, please visit www.canalinsurance.com.
SOURCE Crump Insurance Services, Inc.
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