Mutual Fire Insurance Association
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Mutual Fire Insurance Association of New England, Inc. is an association of New England domiciled property and casualty insurance companies. A specialized inland marine insurance pool providing specialized underwriting and capacity for AIM member companies. A commercial Property Reinsurance Pool between the member companies to share in premiums, losses and risks written by all participants in the pool.
Services
Mutual Fire Insurance Association of New England, Inc. is an association of New England domiciled property and casualty insurance companies.
The mission of the Association is to provide services to its members including, but not limited to.
Activities of the Association will also provide a forum for member companies to discuss and understand important insurance issues and will be conducted within the spirit and intent of all insurance laws and regulations, including Federal anti-trust legislation as may be applicable.
We are the eyes and ears of our member companies' Underwriters, providing a superior product in a timely and cost effective manner.
Extensive survey and loss control services are provided to our member companies and their affiliates.
Our specialized staff quickly evaluates property and casualty exposures that prove useful to Underwriters during the underwriting process.
Also, we can develop innovative, practical, cost effective solutions for hazardous or defective conditions.
1. Property and casualty surveys of manufacturing or special hazard risks.
Our goal is to provide unequaled excellent customer service, offering same day quotes/indications, with competitive products and pricing, as well as next day policy issuance, along with same day endorsement processing.
We will write MONOLINE commercial inland marine coverages as well as rounding out a BOP or GL policy.
SIR functions as a commercial Property Reinsurance Pool which is based upon an agreement between the member companies to share in the premiums and losses and on risks written by all other participants in the pool.
SIR provides capacity at a minimum of cost and member companies can share in the profits rather than have them go to a reinsurer.
By ceding to the pool, instead of purchasing reinsurance a member company diversifies its risks, and as a result may participate in risks that it might not usually.
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