Monday, March 3, 2008

Scarborough Notes Agreement with CNA

Scarborough, a division of Financial and Professional Risk Solutions Inc., has entered into a nationwide exclusive underwriting agreement with CNA, one of the nation's leading business insurers. Scarborough is exclusively underwriting on behalf of CNA all property and casualty lines of business for community banks with assets of less than $3 billion. Lines included within this exclusive underwriting agreement are Property, General Liability, Auto Liability, Workers' Compensation, Umbrella, Mortgagee's E&O, Foreclosed Property, and Repossessed Auto. This new strategic alliance expands upon the existing underwriting agreement Scarborough enjoys with CNA for Fidelity and Management Liability lines for community banks nationwide. Scarborough, a managing agent serving community financial institutions for nearly 90 years, specializes in coverages tailored to community banks. Eligible institutions include Commercial Banks, Savings and Loan Associations, Credit Unions, and Savings Banks.

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