September 11, 2012
Ullico Inc., the only labor-owned insurance and investment company, announced today that its captive insurance program, Signatory Advantage, was a finalist for the “Innovation in Captive Management” and the “Group/Association Captive of the Year” Service Awards from Captive Review.
“Signatory Advantage demonstrates how unions and management can work together to provide a cost-effective and quality workers’ compensation program,” said Edward M. Ullico will launch Signatory Advantage, a group captive for union construction contractors for workers’ compensation insurance coverage, in Illinois and New Jersey later this year. It offers union employers competitively priced and stable workers’ compensation rates by investing in on-the-job safety and prevention programs, quality medical treatment for injured workers, effective claims management and lower costs because of the underwriting advantages of its union-employer contractor members.
Signatory Advantage was modeled on the award-winning captive insurance company in West Virginia called the West Virginia Workers’ Compensation Consortium that was formed in 2008 in the wake of the state’s privatization of the worker’s compensation system.
For more information about Signatory Advantage, visit http://www.ullico.com.
For 85 years, Ullico has been a proud partner of the labor movement, keeping union families safe and secure. From insurance products that protect union members and leaders, to investments in building projects that have created thousands of union jobs, our customers continue to trust us with protecting their families, employees, businesses and investments. For additional information, visit http://www.ullico.com.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/9/prweb9891775.htm