Travelers, Insurance Office of America and National Golf Foundation Enter into Innovative New Alliance
SAINT PAUL, Minn.-(Business Wire)-February 4, 2009 - With nearly 16,000 golf courses operating in the United States at the end of 2008 according to the National Golf Foundation (NGF), all with unique and dynamic needs and challenges, Travelers (NYSE: TRV), the Insurance Office of America (IOA) and the NGF are announcing a new, first of its kind, strategic partnership at the Golf Industry Show.
Through this new alliance, IOA will now offer its golf industry customers access to a customized suite of golf industry-specific insurance products and risk management tools with Travelers Eagle 3TM, one of the longest, continuous golf-specific insurance products in the industry and endorsed by the PGA TOUR*. In addition to the property and casualty coverage, IOA’s one-stop shop will also allow customers to take advantage of its comprehensive payroll management system incorporating a full range of employee benefits products.
“We are pleased both the IOA and National Golf Foundation have chosen to partner with Travelers to better service the industry and their members,” said Vance Sawamura, president of Travelers National Programs. “Through this partnership, customers will have access to our customized suite of golf insurance products as well as complete access to our specialized risk management knowledge base.”
“Travelers has a remarkable understanding of the general liability and property losses our golf customers may face,” said John Ritenour, chairman of IOA. “Partnering with Travelers will have a direct benefit to our customers, especially as they consider enhancing their risk management and loss prevention programs.”
“This new relationship allows customers and potential customers access to golf-specific insurance coverages, and payroll and employee benefits services all through one convenient program,” said Joe Beditz, CEO of the National Golf Foundation. “It furthers the goal of the NGF to help our members succeed.”
The new marketing alliance will be led by the NGF, in close collaboration with IOA. The program, now available, is intended to meet the needs of golf facilities of all sizes as well as driving ranges and golf shops. It can also be customized to provide a variety of insurance solutions for golf management companies and organizations.
For more information, visit www.travelers.com.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. Travelers, the Official Property Casualty Insurer of the PGA TOUR, understands that life and business are inherently dynamic and that the best way to serve customers is to deliver insurance in-synch with evolving risks. The company’s diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. Travelers is a Fortune 100 company, with 2008 revenues of approximately $24 billion. The company has more than 33,000 employees. For more information on being in-synch, visit www.travelers.com.
About Insurance Office of America
Insurance Office of America is a privately held, full-service insurance agency founded in 1988 and is one of the fastest-growing independent agencies in the U.S. It is Florida’s largest privately-held insurance agency and ranked as the 32nd largest U.S. broker by Business Insurance magazine. IOA was named one of the top three Commercial Insurance Agencies of the year, 2005, by National Underwriter. And locally, IOA receives high marks—the Orlando Business Journal awarded them 59th on the Central Florida’s Golden 100 list, 2004; plus recognized them as one of the Best Places to Work, 2007 and 2008. A member of Independent Insurance Agents of America, IOA’s home office is located in Longwood, FL with 23 branch offices reaching eight states from coast to coast. For more information about Insurance Office of America call (800) 243-6899 or you can visit our website at www.ioausa.com
About the National Golf Foundation
The mission of the National Golf Foundation, founded in 1936, is to help golf businesses succeed by providing marketing, research, customer targeting and other consulting services. Based in Jupiter, Fla., the NGF serves many constituencies in the golf industry, including equipment manufacturers; builders and developers; facilities and practice ranges; course architects; retailers; turf maintenance suppliers; golf associations and the media. For more information, visit www.ngf.org.
* PGA TOUR Paid Endorsement
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