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Territorial Rating Definition

A technique for determining risks by geographic location in order to calculate coverage prices.


Insurance news courtesy of Program Business. Originally Published 01/04/2008

Changes in Michigan

Storefront owner USG Insurance Services, Inc., a national wholesale broker of commercial insurance headquartered in Tampa, Fla. made management changes in December. Lucas Bacon was promoted to Production Manager of USGs Michigan branch and will take on the role of Branch Manager.

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Bacon has over seven years of experience in the industry. He started with USG in 2003 and has received three promotions in this time. In his most recent promotion, he advanced from Senior Underwriter/Broker to Brokerage Manager in October of 2007, where he was responsible for overseeing the brokerage business in Mich. and contingent states.

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Bacon graduated from Western Michigan University with a degree in Marketing and a Minor in Management. He consistently excels at soliciting new business and specializes in communication skills and relationship building.


The Michigan branch is one of 12 USG offices, nationwide, offering problem solutions for hard to place commercial insurance coverages. This move is the most recent change that USG has implemented in its plan to expand operations nationwide and continue to provide innovative solutions for the risk management industry.

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For more information about USGs products and services, visit their storefront at www.programbusiness.com.

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Risk Management for Independent Living Communities

Insurance news courtesy of Program Business. Originally Published 01/04/2008