ABA Adds Standard Lines Insurance Offering

I’m a bit behind on my reading. I’ve had this in my reading pile for a few weeks now…

The American Bankers Association’s insurance arm is expanding to include property, general liability, and other standard lines of insurance coverage. Here is their announcement.

I’m in full support of a robust marketplace. The more players the better.

I’ve long said I want many competitors, and I want them all to hate each other. Having another national player in the market is great. Often, I like a local agent to use their preferred market in their agency for standard lines coverage. In the event of a claim it’s a huge advantage when the agent has a larger book of business with an insurer.

That said, I have a great deal of respect for the people at ABA Insurance Services. I know that when they are involved there is power behind the offering.