Effective Feb. 1, GMI Insurance programs will offer mono-line Commercial Auto policies through Falls Lake, rated A (Excellent) IX by A.M. Best Company.
“Falls Lake is experienced in and committed to the transportation industry, and we believe they will be an excellent fit for GMI as we continue to grow our commercial auto programs and expand into new coverage lines,” said Karen Trudel, chief operating officer of GMI. “Our clients will experience no disruptions in the excellent service they have come to expect from us, as we work closely with Falls Lake to ensure a smooth transition.”
GMI will continue to offer three transportation programs:
- GMI Business Auto – Commercial Auto for contractors and business auto fleets.
- Auto Rental Fleets – Commercial Auto for U.S. franchised and independent rental fleet owners.
- Auto Lease – Contingent coverages for auto lessors and banks.
Claims handling will remain unchanged for GMI clients, as GMI continues its long-term and exclusive relationship with Corporate Claims Service, located in Bensalem, Pa.
Steve Hartman, president & CEO of Falls Lake Insurance Companies said, “We are very pleased to partner with GMI, a successful specialty underwriting business. GMI has a long track record in this arena, as does Corporate Claims Service. The ability for us to partner with specialists in underwriting and in claims administration for this type of business is crucial in discerning the right balance between exposure and price, and in the ability to bring knowledgeable claims service to the table.”
About GMI Insurance
GMI Insurance (www.gmi-insurance.com) is a program administrator that offers a suite of monoline commercial auto insurance programs, including business auto, rental fleet and contingent auto lease. With the backing of top-rated carriers, GMI offers consistent service and long-term partnership to the businesses it serves. Based in historic Valley Forge, Pa., GMI is a family owned and operated agency founded in 1980 by Norman Trudel and currently run by a second generation of Trudels.
About Falls Lake Insurance Companies
Falls Lake Insurance Companies underwrites specialty lines of insurance on an admitted basis. Falls Lake Insurance Companies is the admitted insurance platform of James River Group, Inc., which is a wholly owned subsidiary of James River Group Holdings, Ltd. Falls Lake Insurance companies is comprised of Falls Lake National Insurance Company, Falls Lake Fire & Casualty Insurance Company, Falls Lake General Insurance Company, and Stonewood Insurance Company. The companies are broadly licensed for product including both commercial and personal lines, throughout the United States.