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Milestone Managers & Providers, a Lancaster, Pa.-base provider, said yesterday that it purchased 200% more policies in 2008 than it had the previous year.
The provider said it also saw submissions of policies, which it analyzes for purchase, go up. A total of 32% more policies were submitted last year over 2007 and there was a 26% increase in small-face policy submissions, the company said in a statement.
“We are obviously pleased with the ‘08 results,” said Kristian Armstrong, chief executive of Milestone, in a statement.
So far this year, the company has 50% more policies under contract than it had last year, he said.
Milestone said it also received policies from 233 new brokers and agents in 2008.