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United Agencies’ Equipment Floater to be managed by APM Platform

Feb 12, 2003, Source: Abacus Insurance

Abacus Insurance Brokers, Inc. is pleased to announce that United Agencies, Inc. and APM Platform (a subsidiary of Abacus) have signed an agreement for APM to co-manage and distribute an Equipment Floater arranged by United through Kemper Insurance Company on-line effective March 1, 2003.

"Distributing the equipment floater on the APM Platform will enable us to substantially grow our program in an automated, secure, online environment. APM has proven successful in growing programs and we look forward to similar success with our program" says Jeffrey Gelineau, Vice-President of United Agencies.

"With this deal, Abacus is implementing its vision for the APM," says Darren Lewin, Co-Founder of the APM Platform. "The concept of the APM Platform is to provide an efficient and cost effective tool for managing programs of any MGA or program manager. The complete automation of the insurance process, coupled with an existing nationwide network of brokers, enables a Program Manager to substantially increase premium volume with minimal additional cost."

Types of equipment that can be covered in this program include Editing & Post-Production equipment, Recording & Studio equipment, Sound & Location Recording equipment, Musical Instruments & Band Equipment, Camera & Production equipment, P.A. & Sound Reinforcement equipment, Rented equipment, Office Contents, and miscellaneous types of equipment. The Equipment Floater program is underwritten By Kemper Insurance with a cut-through endorsement from National Indemnity.

About the APM Platform

The APM Platform enables Program Managers to distribute specialty insurance products to Retail Brokers. Brokers quote, bind, issue policies and certificates of insurance, process renewals, and accept credit card payments based on assigned authority levels. Retail Brokers benefit as transaction time is reduced to minutes. Program Managers benefit as their program is distributed to a nationwide network of brokers.

For more information, contact Darren Lewin at or (310) 207-5432 x138

About Abacus Insurance Brokers

Abacus Insurance Brokers is a full service insurance brokerage providing risk management services to the business community and to individuals. Our commercial clients represent the manufacturing, servicing, property ownership, construction, and entertainment industries. On the personal lines side our clientele are heavily concentrated towards high net worth individuals. In addition, Abacus develops insurance programs that are distributed nationwide through its proprietary APM Platform. For more information, contact Darren Lewin at or (310) 207-5432 x138

About United Agencies

United Agencies is a full service insurance brokerage serving business and individuals. United Agencies has been writing Equipment Floaters for customers in the Entertainment Industry for over 30 years, and has developed a program successfully serving over 500 Industry professionals.

For more information, contact Jeffrey Gelineau at or (800) 800-5880

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