HAI Group Companies
Click each company (+) to show the description. |
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+ 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; mold liability; employee
benefit administration liability; and primary excess auto
liability insurance.
To find out more about our "A-g" rating, visit A.M.Best .
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+ 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 46 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.
To find out more about our "A-g" rating, visit A.M.Best .
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+ 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.
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+ 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 such as InSite.
Also, members may attend our risk management training programs.
HAI 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.
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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. (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.
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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 PHAs through web-streaming technologies owned by
Satellite Telecommunications, Inc.
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+ 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.
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