Innovative Risk Management Launches New Commercial Auto Insurance Program

2009 JUN 24 - (NewsRx.com) -- Innovative Risk Management (IRM) announced that it has structured a new insurance program, AVERTâ„¢, All Vehicle Event Recorder Technology, for the trucking and commercial auto industry. The program will be managed by Programs Plus, Inc of Irving, Texas and currently distributed solely by RSI Insurance Brokers, Inc. of Costa Mesa, California (see also Innovative Risk Management, Inc.).

This national program, underwritten by Nova Casualty Company which is part of the AIX Group, Inc. a member of the Hanover Insurance Group (AM Best 'A XIV'), includes coverage for Auto Liability, Auto Physical Damage and General Liability. The program is unique in that it incorporates into the insurance product a technological enhancement that will help to reduce risky driver behavior.

Innovative Risk Management President Stuart Stagner said, "This is truly a unique product designed to imbed advanced technology into the insurance product with the objective of helping clients reduce losses, which will in turn lower their costs both from an insurance and operational standpoint."

Innovative Risk Management, Inc. is an Irving, Texas based risk management consulting firm that focuses in specialty insurance programs and alternative risk management solutions.

Programs Plus, Inc. is a program administrator based in Irving, Texas whose focus is niche insurance programs.

Based in Costa Mesa, California, RSI Insurance Brokers is a specialty transportation specialty broker formed in 1989. RSI is endorsed by the California Trucking Association.

For more information contact Andrew Kirkpatrick at Innovative Risk Management, Inc. at (972) 518-1577, [email protected]. About AIX Group, Inc. AIX Group, a part of The Hanover Insurance Group, Inc. (NYSE: THG), is an insurance holding company with executive offices in Windsor, Conn. AIX was founded in 2005 by five insurance industry veterans to fill a need in the under-served market of specialty program insurance business. This sector includes traditional first dollar programs, risk retention groups, rent-a-captive facilities, group and association captives and hybrid collateral structures. The company had gross written premiums of $138 million in 2008, and has an "A XIV" (Excellent) rating with A.M. Best Company. AIX Group employs approximately 150 people in four U.S. locations: California, Connecticut, Florida and New York.