When the National Assn. of Professional Insurance Agents (PIA) was formed in 1931, one of its major selling points was that it offered members E&O coverage. Fast forward 80 years, and PIA's latest agency E&O offering seems like the natural evolution of that original idea.
Introduced last September, PIAPRO, the PIA Professional Liability Insurance Co., is a risk retention group for agent E&O—exclusively owned and controlled by and for PIA members.
With up to about 100 policies in force, PIAPRO, an A-rated admitted program offered by Argo Group and underwritten by Argonaut Midwest Insurance Co. and Argonaut Insurance Co., offers agents stability and availability in a rapidly changing market.
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