This article was based on Mr. Jordan's presentation at the Fourth Annual Target Markets Program Administrators Summit, which was held in October in Tempe, Ariz.
WHY do insurance programs fail? That's an important question to us at Lexington Insurance Co. We have a considerable amount invested in programs brought to us by program administrators. If one or more of those programs go south, our performance can suffer.
We've had considerable experience with programs over the years. Lexington's current book of program business is approximately $1.7 billion. In building this book of business and conducting studies of programs generally, Lexington has gained valuable insight into what makes a program successful or unsuccessful.
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