NIP Programs Awarded Best Practice Designation from Target Markets

WOODBRIDGE, N.J.--NIP Programs, a division of NIP Group, Inc., is proud to announce that the company has been awarded the Best Practices Designation from the Target Markets Program Administrators Association (TMPAA). NIP Programs is a national leader in managing specialty business insurance programs.

The TMPAA is dedicated to helping Program Administrators conduct their business more efficiently and more successfully. For its Best Practice Designation, Target Markets developed a protocol and criteria to evaluate the program business operations of Association members and recognize those that are best of breed operations. The Best Practice Evaluation Process includes a survey, an in-depth on site evaluation of operations by a third party auditor, and a review of the results by the Best Practice Committee. To date, only eight program administrators have earned the designation.

“We are extremely proud to have earned the Best Practices Designation from Target Markets,” said Dave Springer, President of NIP Programs. “Passing such a rigorous third party review of our operation is a testament to the underwriting systems and processes we’ve developed over the years and our deep commitment to serving our carrier and broker partners.”

“The Target Markets Best Practice Designation is a credible third party validation of our programs business platform,” said Richard Augustyn, CEO of NIP Group. “We continue to roll out new programs and pursue opportunities to fully leverage our program business capacity.”

NIP Programs received the award on October 16, 2007 at the Seventh Annual TMPAA Summit in Tempe, Arizona.

About NIP Programs

NIP Programs, a division of NIP Group, Inc., manages specialty business insurance programs. NIP Programs partners with over 2,500 brokers to help small and mid sized businesses with specialized and common insurance exposures stabilize and manage their property, casualty and professional liability risks.

NIP Group, Inc. is a specialty business insurance intermediary, ranked among the largest 100 in the United States.