Company Descriptions

Housing Authority Risk Retention Group, Inc. (HARRG) "A- g" rated
HARRG is a nonprofit, tax-exempt mutual insurance company owned by public housing authorities. It was licensed in 1987 in the State of Vermont and operates under the Federal Liability Risk Retention Act. It began operations on June 1, 1987. This company writes the following liability insurance coverages: general liability; public officials’ errors and omissions; law enforcement; lead-based paint and mold liability; employee benefit administration liability; and primary excess auto liability insurance.

Housing Authority Property Insurance, A Mutual Company (HAPI) "A- g" rated
HAPI is a nonprofit, tax-exempt, traditional mutual insurance company owned by public housing authorities. It was licensed in 1988 as an association captive insurer in the State of Vermont. HAPI commenced operations August 1, 1988 and utilizes a fronting insurer licensed in each state where member PHAs are located. Effective in 2003, HAPI converted its charter in the State of Vermont to a traditional mutual insurer. HAPI is currently licensed in 44 states. HAPI acts as a reinsurer and insurer for commercial property, automobile physical damage, inland marine, boiler and machinery, fidelity and crime, and liability coverage. In 2003, HAPI began issuing policies to selected PHAs on a direct basis.

Housing Enterprise Insurance Company, Inc. (HEIC)
HEIC is a licensed stock insurance company domiciled in the State of Vermont and owned by HARRG and HAPI. The net income generated by HEIC is fully taxable. HEIC provides insurance and risk management services to low- and mixed-income housing entities that are not in the public housing authority program.

Housing Authority Insurance, Inc. (HAI)
HAI is a nonprofit association incorporated in 1987. Its membership includes PHAs and low- and mixed-income housing entities. It is principally responsible for the development of public housing insurance programs. This association provides access to a risk management video library, loss control bulletins, and risk management publications, including InSite. Also, members may attend the risk management training programs that are conducted. It serves as an umbrella organization for information on sponsored insurance programs. The association provides advocacy services on member risk management related issues. HAI also sponsors an internship program, a scholarship program, and other charitable programs. Its advocacy work also extends to legislative and regulatory issues in order to help improve the political environment of the public housing industry and exert political influence on behalf of its own insurance interests.

Housing Investment Group, Inc. (HIG)
HIG was incorporated in Delaware in June, 1995. HIG owns two taxable subsidiaries, Satellite Telecommunications Inc. (STI) and Housing Insurance Services, Inc. (HIS). It is an investment holding corporation owned jointly by HARRG and HAPI. This corporation invests in business opportunities that further the missions of HARRG, HAPI, and HEIC where a substantial ownership interest is acquired.

Housing Insurance Services, Inc. (HIS)
HIS serves as an agent and MGA to various insurance companies. In addition, HIS serves as an independent agency and surplus lines broker for insurance products not provided by HARRG, HAPI, and HEIC.

Housing Telecommunications, Inc. (HTI)
HTI was incorporated in Connecticut in September, 1993. HTI is a nonprofit organization that delivers training and educational programming to PHAs through web-streaming technologies owned by Satellite Telecommunications, Inc.

Satellite Telecommunications, Inc. (STI)
STI was incorporated in June, 1995 in Delaware. It is wholly-owned by HIG. The company owns the web-streaming equipment that is used by HTI, HARRG, and HAPI.