SOURCE: Abacus Insurance Brokers

Abacus Insurance Brokers

November 29, 2011 11:05 ET

Abacus Selects Golden Bear as Carrier for Its Online Residential Earthquake Deductible Buyback Program

LOS ANGELES, CA--(Marketwire - Nov 29, 2011) - Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through www.abacus.net, has selected Golden Bear Insurance Company as its new carrier for the Abacus Online Residential Earthquake Deductible Buyback Program.

This program enables homeowners to reduce deductibles on their existing earthquake policies. Coverage is available in California and allows owners of a single family residence, duplex, triplex, or fourplex to reduce earthquake deductibles to as low as 5%.

Coverage is offered on an Admitted basis.

"We are excited about partnering with Golden Bear," says Darren Lewin, vice president of program development, Abacus. "Golden Bear is an established California carrier with a depth of knowledge in earthquake exposures. We have selected a committed carrier and partner who will be instrumental in growing the program. We are confident that with the backing of Golden Bear, the online Abacus Residential Earthquake Deductible Buyback Program will continue to be an integral part of the insurance protection brokers can offer to their clients."

For more information about the Earthquake Deductible Buyback Program, visit www.abacus.net/programs/earthquakebuyback, go to www.abacus.net or contact Darren Lewin at 310-500-2302, darren.lewin@abacus.net.

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. 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 almost 3,000 broker offices, representing over 8,000 insurance professionals. Visit www.abacus.net or contact Darren Lewin, CPA, CMA, CPCU, vice president of programs at 310-500-2302, darren.lewin@abacus.net.

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