More than thirty years later, Harco has become one of the most widely respected and emulated providers of transportation-related insurance in the country, with a range of products targeted especially for truck and auto dealers and their customers.
In late 2001, Harco was purchased by IAT Reinsurance Company Ltd. Harco's parent has assets of over $1 billion and is also an insurance holding company with a number of insurance subsidiaries. IAT's financial strength backs up its commitment for Harco to continue developing its core business: providing insurance products focused on the transportation industry.
Both Harco and its parent are rated A- (Excellent) by A.M. Best. The company has enjoyed a lengthy record of net operating gains and has a solid, conservative reinsurance program in place. Most reinsurers participating in the Harco reinsurance program hold a Best rating of Excellent or better.
With this strong foundation, Harco is well-positioned to maintain its outstanding customer service while continuing to develop new products and services. This dual commitment has made us the first choice of franchised truck and auto dealers and truck lease and rental operations nationwide.
Career Opportunities Harco National Insurance November 2012
Underwriting Assistant
Work Location: Rolling Meadows, Illinois, 60008, United States
Job Description:
- Provides processing and underwriting support on multiple lines of business for dealership operations and complies appropriate declarations, coverage forms and endorsements to complete policy while maintaining compliance with company filed rules, rates, and forms.
- Provides support to customers, agents and other members of the department in areas of underwriting operation and procedures.
- Gather, organize and analyze information for acceptance or refusal for Underwriter.
- Computes rates and develop premiums on Quotations, Endorsements, Cancellation/Non-Renewals, Surety Bonds and Policies per underwriting guidelines and standards.
- Produce Insurance Policies, Endorsement, Cancellation/Non-Renewals, Quotations, Surety Bonds, Certificates of Insurance and ID cards per underwriting guidelines and standards.
- Complete account preparation: Order reports (Dun & Bradstreet, Loss Control, MVRs); gather information; analyze driver list and motor vehicle reports; review building evaluation reports (appraisals) for building and compare to current policy limits; prepare summary of insurance.
- Process multi-memo returns, update dealership MVR lists, Summary of Accepted Insurance Coverage, and file/endorse as necessary.
- Use rating system, imaging and workflow system effectively.
- High school diploma
- Commercial insurance background
- Commercial rating experience in packages (property, inland marine, crime) and auto (garage).
- Extensive working knowledge of ISO rules, rates and forms
- Good organization abilities and ability to work independently.
- Good mathematical aptitude.