Friday, September 10, 2010

The History of the Seven Corners Inc. Travel Insurance

Seven Corners was founded in 1993 as Specialty Risk International Inc. (SRI), specializing in travel medical insurance programs. As the business grew, it expanded its product line to include trip insurance and 24-hour worldwide assistance services and claims processing. The company changed names in 2007 to Seven Corners Inc.

Today Seven Corners has relationships with several A.M. Best, A-rated insurance carriers including Virginia Surety Company, Inc.; The Insurance Company of the State of Pennsylvania, American International Group (AIG); Nationwide Mutual Insurance Company; Certain Underwriters of Lloyd's of London; and Fairmont Specialty Group, a division of Crum & Forster.

In 2007 Seven Corners processed $100+ million in claims and responded to 15,000+ policy-holder inquiries each month. From 2007 to 2008, the company experienced a 20 percent rate of growth in travel medical insurance policies.