|[March 21, 2013]
General Star Accountants Program Expands into Pennsylvania
STAMFORD, Conn. --(Business Wire)--
General Star Management Company today announced the expansion of its
admitted Accountants Professional Liability program into Pennsylvania.
Pearl Insurance, headquartered in Peoria, Illinois, has served as the
exclusive program manager for the General Star facility in 28 other
states and now adds Pennsylvania.
Specialized coverage designed for accountants is automatically provided:
Privacy & Information Security, Employee Dishonesty, Disabled Partner
Replacement, Production of Documents and Trial, Hearing or Arbitration
Proceedings. Protection is also offered for Administrative Proceedings
up to $10,000 per insured. Total policy limits are available up to $5
"General Sta and Pearl Insurance are pleased to respond to the need for
customized and dependable protection for accounting professionals in the
Keystone State," said Thomas Gersch, VP and Professional E&O Manager for
General Star. "Adding a major state such as Pennsylvania is an important
milestone for the program."
General Star President and CEO Robert Jones added, "Growth and building
upon success is a critical aspect to rapidly maximizing the potential of
our Accountants program. Expanding into the right territory at the right
time fits into this strategy. Adding Pennsylvania boosts the momentum
gathering since our launch just over a year ago."
General Star, a wholly-owned subsidiary of General Reinsurance
Corporation and a member of the Berkshire Hathaway family of companies,
launched its Accountants program in January 2012. Coverage is written by
General Star National Insurance Company, rated A++ (Superior) by A.M.
Best Company and carries an AA+ Insurance Financial Strength Rating from
Standard & Poor's Corporation.
General Star National Insurance Company is licensed in all states, the
District of Columbia and Puerto Rico. General Star National Insurance
Company has its principal place of business in Stamford, CT and operates
under NAIC Number 0031-11967. Insurance is placed with the General Star
companies by licensed producers.
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