A new trade association has been formed to specifically focus ona segment of the property insurance industry that has “taken off”during the last several years.
The Council for Insuring Private Clients (CIPC) has its sightson developing best practices for providing insurance solution tothe high-net-worth population.
Richard Kerr, CEO of MarketScout, says the Dallas-basedelectronic insurance exchange is a founding partner and developerof the association, which already calls ACE, AIG, Fireman'sFund and Lloyd's partners. A dozen of the largest high-net-worthpersonal insurance firms are on board, he adds.
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