RLI launches system letting producers issue personal umbrella policies online
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PEORIA, ILL.--(Business Wire)-- RLI Corp. (NYSE:RLI) - RLI announces the launch of PUP Access, an online system that provides a comprehensive approach to quoting, binding, and issuing RLI personal umbrella policies. Additionally, PUP Access provides up-to-date management reporting, accesses all applicable forms, guarantees correct rates, and more. Since pioneering the standalone personal umbrella policy over 20 years ago, RLI has seen demand for the product steadily increase from both producers and insureds. RLI Assistant Vice President, Becky Lundberg explained, "PUP Access meets the demands of both of these key audiences. The system minimizes the quoting time and rework typically associated with inaccurate rates and outdated forms. With PUP Access, we're also increasing our producers' ability to sell to and service their insureds - they now have access to the status of filed forms at any point in the quote-bind-issue process, which greatly increases their efficiency and ultimately their bottom line." Lundberg added, "With today's scrutiny on errors and omissions coverage (E&O policies), a widely accessible personal umbrella can be real support for our producer partners." PUP Access is available nationwide to all appointed retail agents via their program administrator. RLI's stand alone personal umbrella product is written on admitted paper in all 50 states. RLI is a specialty insurance company serving "niche" or underserved markets. Its proven, superior underwriting model creates the flexibility to write unique coverages in a wide array of diverse industries. RLI's subsidiaries - RLI Insurance Company, Mt. Hawley Insurance Company and RLI Indemnity Company - are rated A+ "Superior" by A.M. Best Company and A+ "Strong" by Standard & Poor's. RLI operates in all 50 states from office locations across the country. For additional information, contact Becky Lundberg at (309) 692-1000 or at becky.lundberg@rlicorp.com or visit the RLI website at www.rlipersonalumbrella.com. RLI Corp. Becky Lundberg (309) 692-1000 becky.lundberg@rlicorp.com www.rlipersonalumbrella.com Copyright Business Wire 2008
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