Thursday, October 7, 2010
When You Need More Insurance Options Exclusively for ABA Members –
American Bar Insurance Plans Consultants, Inc. was established in 1989 as a wholly-owned subsidiary of the American Bar Endowment. ABI was created to generate an additional source of revenue to support the Endowment's charitable goals. ABI sponsors insurance programs for ABA members that the Endowment is unable to offer, due to its dividend contribution structure. ABI is paid compensation by the underwriters of the programs it sponsors, and pays dividends out of its net profits to the Endowment. The Endowment uses the dividends it receives from its subsidiary for its charitable work.