Penn Starr Insurance

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Company Details
Address:

Three Bala Plaza Suite 300E

City:
Bala Cynwyd
State:
PA
ZIP Code:
19004
Phone Number:
610-664-1500
Year Founded
1975
AM Best Rating:
A
Company Rating 0 (0 reviews)

Things to Remember...
  • Penn Star is not an auto insurance company
  • They provide an array of insurance protection for businesses
  • The wholesale agent develops relationships with rural-based retail sales agents

This Penn Starr Auto Insurance Review looks at the Bala Cynwyd, Pennsylvania-based Penn-America Group. Penn Starr is one of the company’s many insurance brands.

The relationship between Penn Starr and Penn-America group is discussed in this article.

However, Penn Star is not an auto insurance company. If you need basic car insurance, you need to look somewhere else.

Enter your home-based zip code into our fast, no-cost comparison tool to get auto insurance quotes today!

Penn Starr Auto Insurance Overview

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Penn-America provides property and casualty insurance products and services to small and medium-sized businesses.

The company sells insurance throughout the United States and the District of Columbia. Penn-America also sells surplus lines through the 50 United States.

Penn-America is ultimately owned by Dublin, Ireland-headquartered Global Indemnity plc.

Many Penn Starr clients are small companies, such as restaurants, apartment buildings/multi-family dwellings, artisan locations, and retail businesses, located in rural communities.

Penn Starr and parent Penn-America help clients that fall outside of standard insurance lines to help them manage non-standard risks.

Of course, non-standard clients pay higher premium rates.

Penn-America was organized in 1975 and maintains offices in the Philadelphia metropolitan area, Atlanta, and Los Angeles.

Penn-America has no record of outstanding customer complaints in the state departments of insurance in Pennsylvania, Georgia, and California.

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Penn Starr Insurance Agents

The company distributes and markets insurance products and services through an independent network of brokers.

According to the company website, the company has a defined network of “106 wholesale agents” who coordinate with retail insurance agents and brokers throughout the United States.

Each wholesale agent has developed a kind of franchise within the Penn-America system.

Penn-America reports that most of its wholesale agents have at least 10 years of service with the company. They form a business partnership with Penn-America to deliver bottom-line impact for the company.

Penn-America provides services and systems technology to its wholesale partner network. The investment in technology for its partners yields large results.

The firm’s PennLINK site provides electronic forms, manuals, and systems to make each general agent more profitable.

The company’s “E-Z Rater” system helps agents identify the strongest prospective candidates for the company’s underwriting parameters and policies.

Because Penn-America underwrites non-standard insurance products and programs, its underwriters use special care in evaluating prospective client risk.

New and renewal policies receive careful reviews. Underwriting profitability is connected to the company’s aggressive commission structure.

Penn Star Insurance and Global Indemnity plc

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Penn Star auto insurance is one of the brands distributed by Global Indemnity plc through the Penn-America Group subsidiary.

Global Indemnity, formerly called United America Indemnity, also distributes insurance products and services through the United National Group unit.

Both operating units offer surplus property & casualty insurance and specialty insurance lines.

Penn-America and United National Group represent one of the largest excess and surplus insurance carriers in the United States.

The companies also insure clients’ vacant properties and social services agencies.

Global Indemnity was formerly based in the Cayman Islands. In 2010, the business was relocated to Ireland.

Global Indemnity’s CompGlobal unit was recently formed to manage global workers’ comp issues. In 2008, the company decided to offer cross-border auto insurance products.

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