Northern Star Management selected Vendor Transparency Solutions as an online compliance monitoring platform to be utilized as an additional tool in mitigating risk.

Northern Star is an underwriting management company and wholesale producer working with a select network of brokers and agents to offer viable insurance solutions. Northern Star’s Collateral Recovery Program is designed for the “collateral specialist” who works with major finance companies.

Executives highlighted Northern Star’s insurance customers who are also VTS subscribers, and maintain the required level of compliance, will receive premium discounts for proper business administration. 

“Northern Star is committed to providing the best products and services to our customers through our professional retail producers,” Northern Star Management president George Karlis said.

“Working with VTS and their fine products and services will augment our efforts to help our customers reduce losses and save money through increased attention to compliance, loss control and safety,” Karlis continued. “We are very excited about the opportunity to work with VTS, and look forward to providing best in class services to our customers and carrier partners.”

With the importance of detailed compliance, VTS president Max Pineiro reiterated that the company offers a platform to serve present and future needs of the industry and aligns Northern Star Management for the protection and benefit of their many insurance customers.

“Our staff looks forward to working closely with Northern Star and their insured,” Pineiro said.

“At a time when agency owners are experiencing higher operating costs, this announcement is great news for the industry,” he continued. “Agencies that embrace compliance and risk management will benefit greatly by limiting claims and lowering their overall cost of insurance.”