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+ Housing Authority Risk Retention Group, Inc. (HARRG) - Rated "A (Excellent)"
by A.M. Best Company
HARRG is a nonprofit, tax-exempt risk retention group 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; mold liability; employee
benefit administration liability; and primary excess auto
liability insurance.
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+ Housing Authority Property Insurance, A Mutual Company (HAPI), Rated
"A (Excellent)" by A.M. Best Company
HAPI is a nonprofit, tax-exempt mutual insurance
company owned by public housing authorities. It was licensed in
1988 as an association captive insurer in the State of Vermont and commenced operations August 1, 1988.
Effective in 2003, HAPI converted its charter in the State of
Vermont to become a traditional insurer and is currently
licensed in 48 states and the District of Columbia. 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 PHAs where the company is licensed.
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+ Housing Enterprise Insurance Company, Inc. (HEIC), Rated
"A (Excellent)" by A.M. Best Company
HEIC is a licensed stock company domiciled in the State of Vermont and owned by HARRG and HAPI. It was incorporated August 15, 2000 in Vermont and licensed as a traditional insurer on Dec. 31, 2007. HEIC is currently
licensed in 44 states and the District of Columbia. 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.
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+ Housing Authority Insurance, Inc. (HAI)
HAI is a nonprofit association incorporated in 1987. Its
membership includes public housing authorities 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.
Members may attend our risk management training programs. HAI also sponsors an internship program, a scholarship
program, and other charitable programs. Its advocacy work extends to legislative and regulatory issues to help
improve the political environment facing the public housing industry.
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+ Housing Investment Group, Inc. (HIG)
HIG was incorporated in Delaware in June, 1995. HIG owns two
taxable subsidiaries, Satellite Telecommunications, Inc. and Housing Insurance Services, Inc. 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 required.
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+ Housing Telecommunications, Inc. (HTI)
HTI was incorporated in Connecticut in September, 1993. HTI is a
nonprofit organization that delivers training and educational
programming to public housing authorities through Web-streaming technologies owned by
STI.
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+ Housing Insurance Services, Inc. (HIS)
HIS serves as an agent, broker, Managing General Agent, and surplus lines broker to various insurance companies.
HIS was incorporated in February, 1991. In addition, HIS provides insurance products to PHAs and mixed-income housing entities not provided by HARRRG, HAPI, and HEIC.
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+ 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, HAPI, and HEIC.
HAI Group, HARRG, HAPI, and HEIC were rated "A (Excellent)" with a
Stable Outlook by A.M. Best. The "A (Excellent)" rating, which became
effective in April 2010, reflects HAI Group's ability to
consistently meet the needs of its members.
The A.M. Best profile includes a company overview and financial
data.