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June 4, 2008
Hometown Connections Launches National Public Power Insurance Program
| For More Information |
Tim Blodgett
Hometown Connections
303-526-4515
tblodgett@hometownconnections.com
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Utility-Specific Insurance Coverage and Premium Savings
EVERGREEN, Colo.— Municipal electric systems nationwide may now purchase property and casualty insurance with utility-specific coverages and at competitive prices as the result of a new partnership between Distributors Insurance Company (DIC), a wholly-owned subsidiary of the Tennessee Valley Public Power Association, and Hometown Connections, a utilities service subsidiary of the American Public Power Association (APPA). The Public Power/Distributors Insurance Program offers coverage that is tailored for municipal utility systems and includes commercial general liability, workers’ compensation, automobile, public officials, property and equipment breakdown insurance either through a utility’s independent local insurance agency of its choice or from DIC’s program manager on a direct basis.
The Public Power/DIC program serves the not-for-profit electric utility industry exclusively. Insurance programs may include tailored limits of liability, special risk coverages, deductibles, and individual consulting services that other insurers often overlook or refuse to offer. The benefits of the national public power program include reduced overall insurance costs through market leverage, pricing based on individual loss experience, availability through local independent agents, and greater control over claims handling and settlements.
“Since its founding in 1983, DIC has stood by TVPPA members, offering comprehensive coverages at competitive rates while the traditional insurance market at times abandoned the Valley’s public power utilities,” said Jack W. Simmons, President and CEO, TVPPA. “We’re pleased and proud to partner with Hometown Connections to offer this same superior level of service and custom insurance design to public power systems across the U.S.”
Hometown Connections President and CEO Tim Blodgett stated, “The mission of Hometown Connections is to secure relationships with vendors that address the unique requirements of public power systems while providing high quality, consistency, and economy in all products and services. DIC exceeds all of these requirements and will deliver property and casualty insurance programs long sought by public power leaders in the APPA membership.”
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About Hometown Connections International, LLC, Evergreen, CO
Hometown Connections is a utility services subsidiary of the American Public Power Association (APPA). APPA is the national service organization for the nation's more than 2,000 community- and state-owned electric utilities serving 45 million customers. Hometown Connections supports APPA members by securing national group pricing and service arrangements from leading industry suppliers.
About Distribution Insurance Company, Chattanooga, TN
DIC provides public utilities with flexible, customized property-casualty insurance coverage and risk management. DIC is regulated by and directly accountable to the Tennessee Department of Commerce and Insurance for its operations, financial solvency and ability to pay claims. The nation’s foremost actuarial consulting firm examines DIC’s premium rating and loss reserving methods annually.
Visit these web sites for more information.
• Hometown Connections
• www.distributors-insurance.com
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