Abacus Insurance Brokers Expands Online Builder’s Risk Program

LOS ANGELES, CA -- (MARKET WIRE) -- 09/28/10 -- Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through www.abacus.net, has expanded its Abacus Online Builder's Risk program.

With the addition of an "A" rated, size XV-admitted carrier, the program is now available in all 50 states and Washington, D.C.

New enhancements are now available including the ability to place coverage for frame residential and apartment building projects up to $5 million in value. Additional enhancements include the availability of earthquake and flood coverages.

Premiums start at $1,000 with coverage terms available up to 24 months.

"Brokers in our network asked for these enhancements to the Builder's Risk program. We listened and delivered," says Darren Lewin, Abacus Vice President of Programs. "Continuously striving to increase the capabilities of all our programs to meet broker demand is an ongoing priority."

For more information about the Abacus Online Builder's Risk program and other online insurance programs, visit www.abacus.net or contact Darren Lewin at 310-500-2302, [email protected].

About Abacus.net

Since 1998, Abacus has managed insurance programs that function entirely online. Through the proprietary abacus.net platform, brokers access specialty programs from top-tiered insurance companies. Lines and coverages from multiple carriers are assembled into a single integrated quote. The abacus.net platform performs all aspects of the insurance transaction including quoting, order placement, policy issuance and endorsing. Brokers and carrier partners benefit from substantial efficiencies, increased revenues, and cost reductions. The programs on abacus.net are written through top-tiered insurance carriers, distributed nationwide, and accessed by over 2,500 broker offices, representing over 7,000 insurance professionals. Visit www.abacus.net or contact Darren Lewin, CPA, CMA, CPCU, vice president of programs at 310-500-2302, [email protected].

CONTACTS: Darren Lewin Email Contact Abacus Insurance Brokers, Inc. 310-500-2302  Diane Rumbaugh 805-493-2877 Email Contact