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ACORD 23 Simplifies Insurance Documentation for the Equipment Leasing Sector.
Sunderland, MA - 01, 2010
The insurance industry standards organization, ACORD, has introduced a simplified proof of insurance form for use in documenting coverage on leased or financed commercial equipment or vehicles. The launch of ACORD 23, as it is called, was effective on July 30, 2010.
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Devils Lake, ND - May 14, 2010
Western Finance & Lease (Western) has realized a significant marketing benefit with the American Lease Insurance (ALI) Program. “We already had an efficient funding process, so we were always ‘quick,’ states Western Finance & Lease President Laurie Bakke, “but now with one less step we almost always deliver same-day funding.” The ALI Program eliminates the need to obtain insurance verification as it provides complete portfolio coverage on all eligible assets automatically from contract signing to final payoff or termination. “Most importantly, we know that our portfolio is protected,” adds Bakke.
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Sunderland, MA - January 12, 2010
Volvo Financial Services is insuring the construction equipment it finances and leases in the U.S. with the American Lease Insurance Agency Corporation (ALI) Program. “We are pleased with the insurance and tracking services provided by the ALI Program,” comments Volvo Financial Services Director Chris Roback, “as they support Volvo Financial Services growth objectives.”
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Northbrook, IL - October 15, 2009
FIRST Insurance Funding Corp. (FIRST) is now providing insurance premium funding for American Lease Insurance (ALI) Program clients, replacing a subsidiary of American International Group (AIG). FIRST CEO Frank Burke comments, “Providing premium funding for ALI clients is a logical extension for FIRST that complements our existing business of premium financing for commercial insurance customers. ALI offers a unique program that allows lessees the convenience of making payment for insurance coverage provided along with their lease payment. We think ALI has developed an impressive insurance offering with substantial growth potential, and we’re very pleased to be working with them.”
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Sunderland, MA - October 15, 2009
John Hendrikse of Monson, Massachusetts has been named national business development manager by American Lease Insurance (ALI). Hendrikse will work with ALI President Steve Dinkelaker in developing new client relationships with equipment leasing and financing companies for ALI programs. Prior to joining ALI, Hendrikse was a regional client development manager for Allied Solutions, LLC, a large insurance provider to the financial industry. He also managed and expanded a portfolio of business for a financial institution in Massachusetts as a lending officer, and served as a credit manager for a finance company based in Southern California. He is a licensed insurance producer as well as a certified corporate trainer. Hendrikse earned a bachelor’s degree in Business and Communications from Calvin College in Grand Rapids, Michigan.
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Grand Rapids, MI - June 08, 2008
Enterprise Funding Group, LLC (Enterprise) is closing deals faster with American Lease Insurance (ALI). According to Enterprise Senior Vice President Michael Coon “ALI has improved our response time, and our ability to fund transactions.” The ALI Program provides comprehensive portfolio protection, placing property and liability coverage on all eligible equipment from the date each lease or finance agreement is signed, as well as tracking insurance coverage for lessees who choose to obtain their own insurance. The ALI Program ensures peace of mind, remarked Coon: “If our customers’ insurance expires, ALI coverage is added automatically, so our portfolio is always protected.”
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Cincinnati, OH - October 22, 2007
Huntington Equipment Finance (Huntington) is providing customers additional value with American Lease Insurance (ALI). "By joining with American Lease Insurance, we can give our customers a critical service at the point of leasing," said Rob Allanson, president of Huntington Equipment Finance. "The insurance also gives our customers peace of mind that their expensive leased equipment is insured with a company that has designed insurance with the lessee in mind."
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Tacoma, WA - June 09, 2005
Pinnacle Capital, LLC (Pinnacle) is offering its lessee customers additional value and improving funding efficiency at the same time, thanks to the American Lease Insurance (ALI) Program. Brent M. Hall, managing member of Pinnacle states, Insurance documentation can delay funding considerably. With ALI, we don't have to worry about it anymore.
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