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The Traditions and Foundation of the Organization

TISC (Telcom Insurance Services Corporation)

National Telcom Corporation’s wholly owned subsidiary which was formed in 1989, Telcom Insurance Services Corporation, is licensed in all states by their insurance departments as an insurance agent and broker. TISC is a Maryland based stock company that acts as the insurance agency/broker. It provides insurance and risk management services to commercial companies. Owned and utilized by 39 telecommunications companies that are located in rural America to assume the risk of their companies and those of others that subscribe to membership in the National Telecommunications Cooperative Association. TISC represents AIG, Beazley, Chartis, CNA, Great American, Hartford, Markel, One Beacon, Philadelphia Insurance, and Travelers insurance companies. In addition to the direct appointments the agency holds, it also transacts business with the largest managing general agencies in the world that affords access to virtually any market outlet that exists. The agency and company employs 18 professionals that handle premium of $20m generated from only commercial risks. For TISC, the focus has always been on education. Through the use of insurance and risk management education, training, and various other loss prevention services, TISC continues practical hands-on training for our clients. Our proud history has helped us get to where we are today. While your property and casualty, specialty lines, and risk management needs evolve, so do the programs and coverages provided by TISC. As such, the traditions and foundation of our history provide a benchmark for planning and implementation of these future goals. It’s an exciting time for the Company as the organization only continues to improve and to earn the trust of our policyholders.

Employees and Teamwork

The management team of TISC carries impressive credentials and they also have earned the respect of their customers for their abilities, the products they have developed, and best of all - the heartfelt care that they give and take with all clients. TISC’s key areas are managed by President, Chief Executive Officer, and Treasurer Peter J. Elliott, CPCU; Secretary and Chief Operations Officer Marilyn A. Blake, CRM, AU, MA, Director of Specialty Lines and Senior Underwriting Manager Sue L. Flanders, AU, CISR and Director of Accounting and Finance Dan G. Riddle.

As your insurance and relationship advocate we bring human resources in as needed to support your insurance and risk management needs. You will also have a permanent team assisting you which will also be managed by an Account Executive. We will provide you with a group that is comprised of the following staffing- Account Executive, Underwriting Manager, Underwriting Technician, Claims Advocate, Accounting Representative and Loss Prevention/Risk Management Technician. The actual team assignments are made throughout the process as we learn more about your business needs and match them with the capabilities of our Staff. The Staff has more than 275 years combined of insurance experience and stands ready to meet your insurance and risk management needs.

National Telcom Corporation

National Telcom, which is also known as NTC and "Telcom", is a stock insurance company operating as a group which was founded in 1982. It is domiciled in Vermont and has an operational office in the Washington, D.C. Metro area, which satellite offices in Kansas, Maryland, Texas, and Indiana.

Captives

As a bit of background, a group captive is an insurance company owned and controlled by two or more non-affiliated organizations that share common risk characteristics. A group captive is homogeneous and insures similar types of business risks. In the U.S., group captives are licensed by a domiciliary state and use a fronting carrier or they operate under the Federal Risk Retention Act. The companies may be stock, reciprocal, or mutual in organizational form. Individual companies can also form a captive for their own use under state regulation and the Federal Act through a section developed for individual plans. NTC and TISC have valuable knowledge of captive formations and other sophisticated risk sharing plans because of their ownership and management of one of the oldest and most successful programs in the United States. This expertise and ability to craft retention plans is provided to customer free of charge who would like to explore this form of risk transfer.

Captive formations track with insurance cycles where coverage for consumers becomes either unavailable or unaffordable. There are, however, other factors that are specific to the insurance industry that have played a part in alternative market risk bearing development. The issues that have led to the increase include: reduced surplus at the insurer level, volatile capital markets, and record claims payments and reserves in the standard insurance marketplace that have a negative impact on all consumers including those that were not the cause of the problem. When the standard market insurance pooling mechanism is no longer a benefit to a defined group or an individual company that believes their loss experience and exposure is not being properly recognized by insurers, they need to seek solutions—and captives provide one.