Evergreen USA RRG
Encyclopedia
Evergreen USA RRG, Inc., is a liability insurance
company, offering liability insurance
to privately owned campgrounds, RV park
s, resorts, and paddlesport operations throughout the United States.
Privately owned campgrounds are often members of organizations such as ARVC (Association for RV Parks and Campgrounds), Kampgrounds of America
, Yogi, Coast to Coast, etc.
The product is handled directly through a managing general agent - Evergreen MGA.
Evergreen MGA handles the sales
, marketing
, underwriting
, risk management
, claims (claims adjuster
), accounting, and reinsurance
purchasing for Evergreen USA. Evergreen MGA is managed by principal and President, Lucas Hartford. Evergreen MGA employs a staff of about twenty people to perform the functions of Evergreen USA.
Coverages include general liability (business insurance), auto insurance, trailer spotting coverage, directors and officers liability insurance
and garage liability. Evergreen was formed under the Federal Liability Risk Retention Act of 1986 and is a Risk Retention Group
. As such every policy holder is also a stockholder. All policy holders of Evergreen USA are from the outdoor recreation industry - primarily campgrounds, RV parks and resorts.
Evergreen insures in nearly forty of the fifty states in the United States
. Evergreen USA RRG, Inc. is rated B+ (Good) by A.M. Best
. A.M. Best
gives Evergreen USA RRG, Inc. a Financial Size Category of IV ($5M-$10M) and an outlook of Stable. Evergreen's issuer credit, according to A.M. Best, is Long Term bbb- and has a stable outlook.
Campgrounds, RV park
s and resorts typically have campsite
s in which campers stay in either a tent
or a Recreational Vehicle
. Nearly fifty percent have a swimming pool
and many other amenities including propane
sales, kids activities, climbing walls, paint ball, and many other activities that can be insured.
but in 1995 redomesticated to Vermont
. Evergreen insures over one-thousand of the privately held campgrounds, rv park
s, and resorts in the United States. Evergreen was started because it was nearly impossible for campgrounds, RV parks and resorts to find insurance in the mid to late 1980s because of the hard insurance market that companies were in as part of the insurance cycle
. Richard Hartford began Evergreen USA to help the camping industry.
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
company, offering liability insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
to privately owned campgrounds, RV park
RV park
A recreational vehicle park or caravan park is a place where people with recreational vehicles can stay overnight, or longer, in alloted spaces known as "pitches"...
s, resorts, and paddlesport operations throughout the United States.
Privately owned campgrounds are often members of organizations such as ARVC (Association for RV Parks and Campgrounds), Kampgrounds of America
Kampgrounds of America
Kampgrounds of America is a franchise chain of nearly 470 campgrounds throughout North America based in Billings, Montana, USA. The current CEO of Kampgrounds of America Inc. is James D. Rogers. The President is Pat Hittmeier. - History :...
, Yogi, Coast to Coast, etc.
The product is handled directly through a managing general agent - Evergreen MGA.
Evergreen MGA handles the sales
Sales
A sale is the act of selling a product or service in return for money or other compensation. It is an act of completion of a commercial activity....
, marketing
Marketing
Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
, underwriting
Underwriting
Underwriting refers to the process that a large financial service provider uses to assess the eligibility of a customer to receive their products . The name derives from the Lloyd's of London insurance market...
, risk management
Risk management
Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities...
, claims (claims adjuster
Claims adjuster
Claims adjusters investigate insurance claims by interviewing the claimant and witnesses, consulting police and hospital records, and inspecting property damage to determine the extent of the company’s liability. In the United Kingdom, Ireland, Australia, South Africa, the Caribbean and New Zealand...
), accounting, and reinsurance
Reinsurance
Reinsurance is insurance that is purchased by an insurance company from another insurance company as a means of risk management...
purchasing for Evergreen USA. Evergreen MGA is managed by principal and President, Lucas Hartford. Evergreen MGA employs a staff of about twenty people to perform the functions of Evergreen USA.
Coverages include general liability (business insurance), auto insurance, trailer spotting coverage, directors and officers liability insurance
Directors and officers liability insurance
Directors and Officers Liability Insurance is liability insurance payable to the directors and officers of a company, or to the organization itself, to cover damages or defense costs in the event they suffer such losses as a result of a lawsuit for alleged wrongful acts while acting in their...
and garage liability. Evergreen was formed under the Federal Liability Risk Retention Act of 1986 and is a Risk Retention Group
Risk Retention Group
A Risk Retention Group is a type of insurance company. The way that an RRG is different than a "traditional" insurance company is that each of its policy holders are also stockholders...
. As such every policy holder is also a stockholder. All policy holders of Evergreen USA are from the outdoor recreation industry - primarily campgrounds, RV parks and resorts.
Evergreen insures in nearly forty of the fifty states in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. Evergreen USA RRG, Inc. is rated B+ (Good) by A.M. Best
A.M. Best
A.M. Best Company, Inc., headquartered in Oldwick, New Jersey, is a rating agency designated as a Nationally Recognized Statistical Rating Organization by the United States Securities and Exchange Commission....
. A.M. Best
A.M. Best
A.M. Best Company, Inc., headquartered in Oldwick, New Jersey, is a rating agency designated as a Nationally Recognized Statistical Rating Organization by the United States Securities and Exchange Commission....
gives Evergreen USA RRG, Inc. a Financial Size Category of IV ($5M-$10M) and an outlook of Stable. Evergreen's issuer credit, according to A.M. Best, is Long Term bbb- and has a stable outlook.
Campgrounds, RV park
RV park
A recreational vehicle park or caravan park is a place where people with recreational vehicles can stay overnight, or longer, in alloted spaces known as "pitches"...
s and resorts typically have campsite
Campsite
A campsite or camping pitch is a place used for overnight stay in the outdoors. In British English a campsite is an area, usually divided into a number of pitches, where people can camp overnight using tents or camper vans or caravans; this British English use of the word is synonymous with the...
s in which campers stay in either a tent
Tent
A tent is a shelter consisting of sheets of fabric or other material draped over or attached to a frame of poles or attached to a supporting rope. While smaller tents may be free-standing or attached to the ground, large tents are usually anchored using guy ropes tied to stakes or tent pegs...
or a Recreational Vehicle
Recreational vehicle
Recreational vehicle or RV is, in North America, the usual term for a Motor vehicle or trailer equipped with living space and amenities found in a home.-Features:...
. Nearly fifty percent have a swimming pool
Swimming pool
A swimming pool, swimming bath, wading pool, or simply a pool, is a container filled with water intended for swimming or water-based recreation. There are many standard sizes; the largest is the Olympic-size swimming pool...
and many other amenities including propane
Propane
Propane is a three-carbon alkane with the molecular formula , normally a gas, but compressible to a transportable liquid. A by-product of natural gas processing and petroleum refining, it is commonly used as a fuel for engines, oxy-gas torches, barbecues, portable stoves, and residential central...
sales, kids activities, climbing walls, paint ball, and many other activities that can be insured.
History
In 1989 Evergreen was chartered in ArizonaArizona
Arizona ; is a state located in the southwestern region of the United States. It is also part of the western United States and the mountain west. The capital and largest city is Phoenix...
but in 1995 redomesticated to Vermont
Vermont
Vermont is a state in the New England region of the northeastern United States of America. The state ranks 43rd in land area, , and 45th in total area. Its population according to the 2010 census, 630,337, is the second smallest in the country, larger only than Wyoming. It is the only New England...
. Evergreen insures over one-thousand of the privately held campgrounds, rv park
RV park
A recreational vehicle park or caravan park is a place where people with recreational vehicles can stay overnight, or longer, in alloted spaces known as "pitches"...
s, and resorts in the United States. Evergreen was started because it was nearly impossible for campgrounds, RV parks and resorts to find insurance in the mid to late 1980s because of the hard insurance market that companies were in as part of the insurance cycle
Insurance cycle
The tendency to swing between profitable and unprofitable periods over time is commonly known as the underwriting or insurance cycle.- What is the Insurance Cycle :...
. Richard Hartford began Evergreen USA to help the camping industry.
Executive Officers
| Executives | Title |
|---|---|
| Richard A. Hartford | President |
| Lucas B. Hartford | Executive Vice President |
| Bruce Menz | Vice President - Finance |
| Jerry Kramer | Treasurer |
| Derald Dafforn | Secretary |
| Claire M. Bellefleur | Assistant Secretary |