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TMCNet:  General Star Accountants Program Expands into Pennsylvania

[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 Million/$5 Million.

"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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