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Name changed for church insurer


DALLAS (BP)–Preferred Risk, the property and casualty insurance carrier endorsed by the Annuity Board of the Southern Baptist Convention, changed its name to The Guidant Insurance Group in May. Coverages and rates will not be affected as a result of the name change.
“We are excited about the changes taking place at The Guidant Insurance Group and feel secure in the knowledge that the quality of services we have always received from the organization will remain at high levels,” said O. S. Hawkins, Annuity Board president.
Well-known by its prior name of Preferred Risk, The Guidant Insurance Group pledges to continue to provide insurance products to policyholders in special niches.
“During the past half century, we have been successful as a niche insurance company which recognizes the unique needs of our customers,” said Darryl Hansen, Guidant chairman and president. “For instance, we have a 95 percent retention rate among our commercial customers and insure well over 43,000 churches.”
The Annuity Board first endorsed Preferred Risk in 1991 and now more than 6,600 Southern Baptist churches and institutions have coverage through the company. The company was founded in 1947 as one of America’s first auto insurance companies for nondrinkers.