MELBOURNE, Fla., May 16, 2011 /PRNewswire/ -- Crump Insurance Services, Inc. (Crump P&C) the Property & Casualty division of Crump Group, Inc., has acquired the assets of Self Funded Alternatives, LLC (SFA). SFA is an insurance intermediary specializing in the development, placement and maintenance of self-insured workers compensation programs for individual and group risks in the public and private sectors. SFA is based in Langhorne, PA and has associates in Las Vegas, NV and Woodland Hills, CA.
SFA's business is highly complementary to the existing workers compensation capabilities within Crump P&C and specifically 5Star Specialty Programs, a division of Crump Insurance Services. The combined solutions for Workers Compensation available through SFA and 5Star create the ability to develop a customized plan to address the individual business needs of each account – including self insurance products and existing programs.
According to Dave Obenauer, president of Crump Insurance Services, "The acquisition of SFA brings a team of dedicated professionals who are experts in assisting organizations on the most innovative, comprehensive and cost-effective self insurance options."
The addition of SFA enhances the Workers Compensation options offered by 5Star. David Tooley, President of 5Star Specialty Programs remarked, "When deciding on a self-insured program, the expertise required to compile the information needed, summarize the data, submit applications and negotiate pricing is phenomenal. The ability to access this expertise at SFA will bring value to our retail agents."
Five Star works with licensed and insured retail property and casualty agents and brokers. Those seeking more information regarding workers compensation products and services can visit www.5starsp.com or contact Gary Uhlemeyer, Senior Vice President of 5Star's Workers Compensation division at (314) 965-7474, or by email at Gary.Uhlemeyer@5starsp.com.
About Crump Insurance Services and Five Star Specialty Programs
Crump Insurance Services, Inc. (Crump P&C) is a part 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.
SOURCE Crump Insurance Services, Inc.