+ Housing Authority Risk Retention Group, Inc. (HARRG) - Rated "A (Excellent)"
by A.M. Best Company
HARRG provides liability insurance to public housing authorities. Available coverages include general liability, public officials' errors and omissions, employment practices, law enforcement, lead-based paint, employee benefit, auto, hired and non-owned auto, mold, and terrorism. HARRG is owned by the members it insures. HARRG is a nonprofit, tax-exempt captive mutual risk retention group, operating under the Federal Risk Retention Act, licensed and domiciled in Vermont. HARRG was incorporated in Vermont on March 20, 1987, and began operation on June 1, 1987.
+ Housing Authority Property Insurance, A Mutual Company (HAPI), Rated
"A (Excellent)" by A.M. Best Company
HAPI is a licensed insurer and reinsurer providing commercial property and liability insurance coverage to public housing authorities. Available coverages include property, inland marine, equipment breakdown, auto liability, physical damage, fidelity, crime, and liability. HAPI is owned by the members it insures. HAPI is a traditional mutual insurer domiciled and licensed in Vermont. HAPI is licensed in 48 states and the District of Columbia. HAPI began operation on August 1, 1988, as a mutual association captive. HAPI converted its charter in 2003 to a nonprofit, tax ¬exempt, traditional mutual insurer and issues policies on a direct basis. HAPI was incorporated in Vermont on March 20, 1987.
+ Housing Enterprise Insurance Company, Inc. (HEIC), Rated
"A (Excellent)" by A.M. Best Company
HEIC is a licensed insurer providing commercial insurance and risk management programs to affordable housing providers. Available coverages include property, liability, inland marine, hired and non-owned auto, and equipment breakdown. HEIC is licensed in 48 states and the District of Columbia. The company is jointly owned by HARRG and HAPI as a subsidiary. HEIC began operation in August 2001, and converted its charter to a for-profit, admitted licensed stock insurer domiciled in Vermont on December 31, 2007. HEIC was originally formed as a sponsored captive insurer, Housing Enterprise Risk Services, Inc. (HERS), which was incorporated in Vermont on August 15, 2000.
+ Housing Authority Insurance, Inc. (HAI)
HAI sponsors programs for its membership, including insurance and risk management programs, scholarship and internship programs, and charitable activities. HAI advocates and supports legislative and regulatory issues that help to improve the public and affordable housing industries. HAI is a nonprofit association incorporated in 1987.
+ Housing Investment Group, Inc. (HIG)
HIG is responsible for investing in opportunities that further the missions of HARRG and HAPI. HIG is a downstream, for-profit business serving as an investment holding company owned jointly by HARRG and HAPI. HIG owns three taxable subsidiaries, STI, HIS, and HSS. The financials of for-profit ventures have been consolidated since January 1, 1996. HIG was incorporated in Delaware in June 1995.
+ Housing Telecommunications, Inc. (HTI)
HTI is responsible for delivering training and education programs via the Internet. Web-streaming equipment is owned by STI. HTI began operations on December 28, 1995, and originally delivered services via satellite broadcast and coverted to web-streaming technology. HTI is a nonprofit organization incorporated in Connecticut in September 1993.
+ Housing Insurance Services, Inc. (HIS)
HIS provides agent and broker services to public and affordable housing providers and their agents to procure insurance products. HIS is licensed as an agency, broker, or surplus lines broker in various states. HIS is a wholly owned subsidiary of HIG. HIS is a for-profit corporation incorporated in Connecticut on February 14, 1991.
+ Satellite Telecommunications, Inc. (STI)
STI owns the web-streaming equipment utilized by HTI. STI is wholly owned by HIG. STI is a for-profit corporation incorporated in Delaware in June 1995.
+ Public and Affordable Housing Research Corporation (PAHRC)
PAHRC strives to be the nexus for current data and research on public housing industries to support the efforts of the industry at large and to enhance the quality of life for its stakeholders. PAHRC collects primary data from the industry and compiles data from a variety of secondary data sources. PAHRC generates industry-specific reports and frequently works in partnership with industry groups in support of its stakeholders. PAHRC is a nonprofit organization incorporated in Connecticut in March 2011.
+ Housing Systems Solutions, Inc. (HSS)
The mission of HSS is to improve public and affordable housing providers’ ability to meet the needs of their clients and communities through actionable insight and more efficient operations. The company provides business software and consulting solutions to public housing authorities and other affordable housing providers. HSS is a for-profit corporation, wholly owned by HIG, incorporated in Connecticut in April 2011.
+ Housing Specialty Insurance Company, Inc. (HSIC)
HSIC is an Excess and Surplus Lines insurer which will provide a non-traditional insurance program to public and affordable housing providers throughout the United States. The company is jointly owned by HARRG and HAPI as a subsidiary. HSIC is a for-profit, property and casualty stock insurer domiciled in Vermont on January 15, 2014. HSIC was incorporated in Vermont on December 9, 2013.
HAI Group, HARRG, HAPI, and HEIC are 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