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Life Settlement Association Proudly Names Todd Associates, Inc. as Organization's Endorsed Insurance Broker
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| Copyright: | Unknown | | Source: | Market Wire | | Wordcount: | |
ORLANDO, FL -- (MARKET WIRE) -- 11/03/09 -- In the spring of 2008, the Life Insurance
Settlement Association (LISA) launched a search among its members for an
insurance broker to officially endorse. A call for submissions went out to
all qualifying LISA members. Proposals were received by the Association
and submitted to the LISA Board of Directors for consideration. With due
consideration to all proposals, the LISA Board determined that Todd
Associates Inc. would receive the honor.
"The association is extremely proud to announce that Todd Associates, Inc.
will carry our official endorsement. Todd Associates is widely recognized
as a leader in providing critical errors and omissions services to the life
settlement industry," remarked Doug Head, LISA Executive Director. "In a
time of dramatic and complex changes for our industry, Todd Associates
brings a wealth of experience as an insurance broker with a comprehensive
understanding of this evolving secondary market. We're honored to endorse
this member in good standing."
The announcement marks the first such official endorsement by LISA, the
oldest and largest membership organization in the settlement industry. A
Life Settlement is the sale of an existing life insurance policy to a third
party for more than its cash surrender value but less than its net death
benefit. Life settlement transactions represent a growing secondary market
for life insurance offering consumers a lucrative alternative to the lapse
or surrender of their insurance policies. Currently, life settlements are
regulated in states representing over 76% of the U.S. population. It is
expected that by 2010, over 90% of the American public will live in states
regulating life settlements.
About Todd Associates, Inc.
Founded in 1939, Todd Associates, Inc., offers a wide-range of products to
protect company, employee and individual interests. These products and
services include but are not limited to property and casualty, employee
benefits, professional liability and risk management. Over the past ten
years, Todd Associates has become one of the most recognized specialists in
providing insurance programs for the Life Settlement Industry. Todd
Associates joined LISA in 2006 and is a member in good standing. For more
information please visit: http://www.toddassociates.com.
About LISA
Established in 1994, the Life Insurance Settlement Association is the
oldest and largest trade organization in the industry. Its goal is to
promote the development, integrity, and reputation of the life settlement
industry, and to promote a competitive market for the people it serves.
LISA now represents over 140 members with a wide variety of interests in
the industry. For more about the Association, visit
www.thevoiceoftheindustry.com.
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Contact:
Doug Head
LISA Executive Director
Email Contact
Timothy Fitzpatrick
Executive Vice President
Email Contact
David Souders
Vice President - Professional Liability Insurance Products
Email Contact
This is a news service of Thomson Business Intelligence Service ©2006. This content is for your personal use only, subject to Terms and Conditions. No redistribution allowed.
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