Evergreen USA RRG
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| Type | Risk Retention Group |
|---|---|
| Industry | Campground, RV Park and Resort Insurance |
| Founded | 1989 |
| Headquarters | Burlington, Vermont |
| Key people | Richard A. Hartford (President) |
| Products | Casualty Insurance |
| Website | www.evergreenusa.com |
Evergreen USA RRG, Inc., is a liability insurance company, offering liability insurance to privately owned campgrounds, RV parks, resorts, and paddlesport operations throughout the United States.
Privately owned campgrounds are often members of organizations such as ARVC (Association for RV Parks and Campgrounds), Kampgrounds of America, Yogi, Coast to Coast, etc.
The product is handled directly through a managing general agent - Evergreen MGA.[1]
Evergreen MGA handles the sales, marketing, underwriting, risk management, claims (claims adjuster), accounting, and reinsurance purchasing for Evergreen USA. Evergreen MGA is managed by principal and President, Lucas Hartford. Evergreen MGA employs a staff of about twenty people to perform the functions of Evergreen USA.
Coverages include general liability (business insurance), auto insurance, trailer spotting coverage, directors and officers liability insurance and garage liability. Evergreen was formed under the Federal Liability Risk Retention Act of 1986 [2] and is a Risk Retention Group. As such every policy holder is also a stockholder. All policy holders of Evergreen USA are from the outdoor recreation industry - primarily campgrounds, RV parks and resorts.
Evergreen insures in nearly forty of the fifty states in the United States. Evergreen USA RRG, Inc. is rated B+ (Good) by A.M. Best.[3] A.M. Best gives Evergreen USA RRG, Inc. a Financial Size Category of IV ($5M-$10M) and an outlook of Stable. Evergreen's issuer credit, according to A.M. Best, is Long Term bbb- and has a stable outlook.
Campgrounds, RV parks and resorts typically have campsites in which campers stay in either a tent or a Recreational Vehicle. Nearly fifty percent have a swimming pool and many other amenities including propane sales, kids activities, climbing walls, paint ball, and many other activities that can be insured.
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[edit] History
In 1989 Evergreen was chartered in Arizona but in 1995 redomesticated to Vermont. Evergreen insures over one-thousand of the privately held campgrounds, rv parks, and resorts in the United States. Evergreen was started because it was nearly impossible for campgrounds, RV parks and resorts to find insurance in the mid to late 1980s because of the hard insurance market that companies were in as part of the insurance cycle. Richard Hartford began Evergreen USA to help the camping industry.[4]
[edit] Executive Officers
| Executives | Title |
|---|---|
| Richard A. Hartford | President |
| Lucas B. Hartford | Executive Vice President |
| Bruce Menz | Vice President - Finance |
| Jerry Kramer | Treasurer |
| Derald Dafforn | Secretary |
| Claire M. Bellefleur | Assistant Secretary |
[edit] References
- ^ "Evegreen MGA". http://www.evergreenmga. Retrieved 2010-10-19.
- ^ "Federal Liability Risk Retention Act of 1986". http://www.evergreenusa.com/about-us/about-us/liability-risk-retention-act-1986. Retrieved 2009-06-29.[dead link]
- ^ "A.M. Best Ratings". http://www.ambest.com. Retrieved 2009-06-24.
- ^ "History of Evergreen USA RRG, Inc.". http://www.evergreenusa.com/about-us/history. Retrieved 2009-06-24.
[edit] External links
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