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NEWS RELEASE |
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Media Contact: |
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William J Coady, AAI Account Executive |
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Local Independent Agent Selected to Offer |
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After meeting several social responsibility and business requirements, Walterry Insurance Brokers was authorized to now offer the popular insurance program in |
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Clinton MD – |
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Walterry Insurance Brokers was chosen after satisfying a number of eligibility requirements, which included: demonstrating a commitment to community service; meeting a high-level of business and ethics standards; and completing a training program designed to highlight the needs of the 50+ population. |
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“For 25 years, the industry-leading AARP-branded auto insurance program from |
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According to research from |
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The AARP-branded auto insurance program is designed in consultation with |
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Lifetime continuation agreement – assures that the customer’s insurance policy will not |
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RecoverCare – helps customers pay for assistance with daily errands and responsibilities, |
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like cooking, cleaning, shopping, dog walking, transportation and yard work if they are |
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injured in an auto accident. |
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Standard 12-month rate protection versus the traditional six month policies offered by |
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most companies. |
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About Walterry Insurance Brokers |
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Established in 1968 by Walter and Terry Coady, Walterry Insurance Brokers is a full service Independent Insurance Brokerage serving |
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About |
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Celebrating nearly 200 years, |
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About AARP Financial, Inc. |
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In 2005, AARP Services founded AARP Financial Inc., a wholly-owned taxable subsidiary that manages the provider relationships for and performs quality control oversight for the financial products that carry the AARP name, including credit cards, auto and home, mobile home and motorcycle insurance, and life insurance and annuities. AARP Financial also provides access to proprietary investment products and services, including mutual funds and financial guidance, designed to meet the needs of investors at any life stage. |
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About AARP |
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AARP is a nonprofit, nonpartisan membership organization that helps people 50+ have independence, choice and control in ways that are beneficial and affordable to them and society as a whole. AARP does not endorse candidates for public office or make contributions to either political campaigns or candidates. We produce AARP The Magazine, the definitive voice for 50+ Americans and the world's largest-circulation magazine with over 34.5 million readers; AARP Bulletin, the go-to news source for AARP's 40 million members and Americans 50+; AARP Segunda Juventud, the only bilingual U.S. publication dedicated exclusively to the 50+ Hispanic community; and our website, AARP.org. AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors. We have staffed offices in all 50 states, the |
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Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2008 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued. |
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PR-AARP-1 |
Ask us about the AARP Auto Insurance Program from The Hartford.
This program is designed exclusively for AARP members - and is now available through your Hartford independent agent!
Call Today for you FREE, no-obligation quote 301-868-7200.
Have you ever hosted a party at your house? You could be held responsible if a guest is injured on your property or causes an auto accident after being served alcoholic beverages in your home. If a lawsuit is brought against you, your current assets and part of your future earnings – everything you’ve worked for – could be at risk. A Personal Umbrella policy may pick up excess payments when other applicable insurance is exhausted.
The following incidents are also claims affecting actual insureds. Personal Umbrella insurance picked up the excess when necessary.
· An insured bicyclist was at fault when he collided on a hill with another bicyclist. Both were seriously injured, resulting in covered payments of $200,000.
· An insured driver lost control of his vehicle causing two fatalities resulting in payments
totaling $1,000,000.
· A swing set broke at a birthday party seriously injuring a guest resulting in a payment of $1,000,000.
· An insured was involved in an auto accident that paralyzed a passenger resulting in a payment of $1,000,000 which exceeded his auto insurance.
For as little as $10 a month, you can gain extended liability coverage to protect yourself and your family. An umbrella policy is a smart and cost effective way to protect your home, automobile, assets and future earnings.
Parody May Not Always Be a Winnable Defense
As teenager Jimmy Winkelmann discovered, a defense of clear parody may not be enough. He came up with the idea of marketing t-shirts under the name of “The South Butt” as a joke because of his classmate’s preference to wearing “The North Face” apparel. “The South Butt” logo is similar to “The North Face” but turned upside down with two ridges resembling butt cheeks. “The North Face” was not amused and sued for trademark infringement and dilution when Winkelmann tried to obtain federal trademark registration and then offered to sell his business for $1 million. While the terms of the settlement are confidential, “The South Butt” remains in business. Just another example why the proper insurance policy is a necessity in any business.
Many homeowners are shocked to learn that the most common cause of water
damage to their property isn’t due to Mother Nature- it’s from the leaky hose in their kitchen or laundry room. Nearly 75% of Safeco’s home water loss claims each year are caused by appliances, plumbing and plumbing fixtures. For
example, reinforced hoses for washing machines, dishwashers and toilets can,
and often do, present a problem. A washing machine does not have to be in operation to leak or have a hose burst. Many of the most damaging washer related home damage comes from burst hoses. As you can see, it’s very important to inspect both hot and cold water supply hoses for kinks, cracks, blisters or bulging, and to replace them when they show signs of wear.
The typical cost for these claims ranges from $2,800 to $4,000 but occasionally is much more, and even with a covered loss the homeowner is still responsible
for the deductible and the inconvenience of loss of use.
For the above mentioned appliances, consider using hoses that are reinforced with stainless steel braiding or mesh, rather than the rubber or plastic hoses
that come from the manufacturer. They cost only a few dollars more, and are a
small price to pay to eliminate the aggravation and have peace of mind. Hoses,
whether rubber or reinforced, don’t last indefinitely and should be replaced every
few years.
Finally, try to make a habit of shutting off the water to your washer any time you’re not using it, and always shut it off when you are away from home for a
weekend or longer so a hose burst does not continue undetected for days
or weeks. As the old saying goes, “An ounce of Prevention is worth a pound
of cure!”
According to the 10/19/09 issue of National Underwriter, Chubb Group of Insurance Companies topped the Risk Manager Choice Awards for 2009 for individual lines of business. We congratulate Chubb and are proud to be a Managing General Underwriter for them.
Insurance fraud rose during the first quarter of 2009 as reported by the National Insurance Crime Bureau. For that quarter suspicious car fires increased by 27%; suspect slip and fall accidents rose by 77% and potentially bogus workers’ compensation claims increased by 71%.
2008 Catastrophic Losses Third Highest
Munich Reinsurance Co. announced that global natural catastrophe losses made 2008 the third most expensive year on record after 2005 and 1995.
Overall losses in 2008 were $200 billion exceeding the 2005 hurricanes Katrina, Rita and Wilma and the 1995 Kobe earthquake in Japan.
The full report is available at www.munichre.com
Why do I need D&O coverage?
Non-Profit Directors & Officers are legally responsible for the day-to-day decision making of their organizations. Corporate responsibility applies to Non Profits just as it does to For Profit organizations. An organization's Directors & Officers can be held personally liable for any breach of duty.
Who is going to sue me?
Employees, members, volunteers and donors. These are just a few of the parties who may bring suit against a Non Profit Organization. Even if a director or officer has done nothing wrong, lawsuits must still be answered and defense can be costly. Nearly 85% of Non Profits have an annual budget that is less than the average cost to defend a claim closed through litigation.
