NAIFA Endorsed Professional Liability Program Moves to CalSurance

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Dec 02, 2010, 08:25 ET

FALLS CHURCH, Va., Dec. 2, 2010 /PRNewswire/ -- Dr. Susan Waters, CAE, CEO of NAIFA, announced at the 2010 NAIFA National Conference in Seattle, Washington that CalSurance Associates ("CalSurance"), a division of Brown & Brown of California Inc., has been named the Professional Liability Insurance broker and Errors & Omissions program administrator for the National Association of Insurance & Financial Advisors ("NAIFA") effective January 1, 2011. "We look forward to the enhancements in program coverage and services that CalSurance can provide our members," Dr. Waters said.

"NAIFA is an extremely important force in the insurance and financial advisor profession and we are pleased to have the opportunity to bring our Professional Liability Program experience to NAIFA and its members," said Lynn Johnson, President of CalSurance.

After a careful review of potential underwriters for the NAIFA Program by a Committee of NAIFA volunteers, Aspen Specialty Insurance Company was chosen as the underwriter. "Several insurance carriers were interested in underwriting the NAIFA Professional Liability Program, but NAIFA and CalSurance were most impressed by the Aspen underwriting team and the program management experience they could deliver," according to Nick De Son, Senior Vice President of CalSurance.

"We are pleased to be selected as the underwriter for NAIFA. I believe our underwriting team and the skill set of CalSurance will deliver a valuable member benefit for NAIFA," said Bruce Eisler, Executive Vice President, Aspen Professional Liability.

Details about the NAIFA endorsed Professional Liability program can be found at http://www.naifaeo.com

About NAIFA

NAIFA comprises more than 700 state and local associations representing the interests of 200,000 members and their associates nationwide. NAIFA members focus their practices on one or more of the following: life insurance and annuities, health insurance and employee benefits, multiline, and financial advising and investments. The Association's mission is to advocate for a positive legislative and regulatory environment, enhance business and professional skills, and promote the ethical conduct of its members.

About CalSurance

Brown & Brown of California, Inc. dba CalSurance Associates is an insurance intermediary with over 35 years of professional liability insurance program experience. Located in Orange, California, CalSurance procures professional liability insurance for thousands of financial sales professionals nationally. Brown & Brown of California, Inc. is a wholly owned subsidiary of Brown & Brown, Inc., ranked by Business Insurance magazine as the United States' seventh largest independent insurance intermediary. More information concerning CalSurance can be found at http://www.calsurance.com.

About Aspen U.S. Insurance Operations

Aspen U.S. Insurance Operations writes property and casualty insurance on both a surplus lines (via licensed surplus lines brokers), and admitted basis. Its casualty business consists of broad-based risks including general liability, umbrella and excess liability, life science, professional lines, management liability, railroads, product and public liability and associated types of cover found in liability policies in the U.S. insurance market. The insurance companies comprising Aspen's U.S. Insurance Operations are Aspen Specialty Insurance Company and Aspen American Insurance Company.