Richard Trezza, president of Morristown, N.J.-based program administrator Core Programs LLC, recalls discovering his own personal niche in the insurance world: "I graduated with a business administration degree, decided I don't like corporate America and went into my family's small insurance business," he says. "That's how I learned insurance."
Trezza's career path led him to establish Core Programs, which he launched in 2011 with his business partner Sean Maher, The two honed and patented a proprietary risk modeling system that serves as the backbone of a specialty program that provides Property, General Liability, Crime and Umbrella coverage for apartment buildings and condominiums.
Trezza is one of more than 900 registered specialists who have discovered the professional opportunities offered by program business—autonomous insurance entities that service clients whose coverage needs typically fall outside traditional policies. These solo operators develop products that are targeted toward a specific subject area with needs for specialized cover—such as beekeepers and pyrotechnics studios—and provide risk management services on a retail or wholesale basis.
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