1972-1997 Chapter 1 |
| 1972 | Founded in New York as "The First Rehabilitation Insurance Company of America" (short “First Rehab”) |
| 1974 | Sells first statutory NY short-term disability policy (“DBL,” short for Disability Benefits Law) |
| 1990 | Starts adding employee benefits to product portfolio |
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1997-2013 Chapter 2 |
| 1997 | Name amended to "The First Rehabilitation Life Insurance Company of America" (short "First Rehab Life") after obtaining Life license |
| 1999 | Starts branching out into neighboring states |
| 2000 | Named Company of the Year 2000 by CIBGNY (Council of Insurance Brokers of Greater New York) |
| 2001 | Starts adding enhanced benefit options to DBL. Today, these options range from 1.5x, 2x, 3x, 4x, and 5x DBL to in-hospital and AD&D benefits |
| 2003 | - Becomes an approved private plan carrier for New Jersey’s counterpart to DBL: NJ State Disability (“TDI” short for “Temporary Disability Insurance”)
- Named Company of the Year 2003 by PIA NY Long Island RAP (Regional Awareness Program)
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| 2004 | Named Company of the Year 2004 by KAIA (Korean American Insurance Association) |
| 2006 | Celebrates its 100,000th active DBL policy |
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2009-2013 Chapter 3 |
| 2009 | New era begins with Richard White as the new CEO |
| 2010 | Launches new Dental policy with preset plan designs and intuitive online quote system |
| 2011 | Introduces a new Term Life product on a non-roster basis, which is the first product of the newly developed BaseLine product suite (employee benefits without enrollment or roster lists) |
| 2012 | Launches Hospital Cash insurance |
| 2013 | Launches Employer & Employee Assistance Program, a non-insurance benefit |
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2014-2020 Chapter 4 |
| 2014 | - Changes name to “ShelterPoint Life Insurance Company” and introduces a new logo and updated look.
- Acquires J.M.I.C., a Florida-domiciled insurance company licensed in 48 states and territories as a wholly-owned subsidiary carrier; changes subsidiary’s name to “ShelterPoint Insurance Company” to sync the branding of both entities
- Together, both entities are branded under the name ShelterPoint*. From this point on, all policies are administered by ShelterPoint Life Insurance Company, and underwritten by either ShelterPoint Life Insurance Company or ShelterPoint Insurance Company, depending on the state and product.
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| 2015 | - Introduces Supplemental Medical Gap Expense Insurance (“Medical Gap”)
- Launches another non-insurance product, Nurse Helpline
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| 2016 | Richard White, CEO, joins Board of Directors of The Insurance Federation of New York (IFNY) |
| 2017 | - Works closely with carriers who decided to exit statutory DBL/PFL market to become the go-to option for impacted employers and assure uninterrupted coverage in light of Paid Family Leave (PFL) becoming a required benefit in NY effective 01/01/2018
- Begins business relationship with UGP (d/b/a OptiMed) to distribute and administer our Medical Gap Insurance in numerous states in which it is approved
- Recognized as a Ward’s 50 Top Performer
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| 2018 | - Adds Paid Family Leave (PFL) as a rider to DBL based on the new requirement for NY employers to provide Paid Family Leave benefits
- Honored with the Insurance Team of The Year Award from the Insurance Advocate
- Receives Certificate of Recognition from New York Senator Todd Kaminsky for its outstanding service to the community with respect to Paid Family Leave awareness and education
- Recognized as a Ward’s 50 Top Performer
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| 2019 | - Richard White, CEO, honored by the College of Mount Saint Vincent and appointed as a member of the Life Insurance Council of New York’s (LICONY) Board of Directors
- Works closely with Wesco as they withdraw from the DBL/PFL market in NY by contacting their impacted DBL/PFL clients and help them secure uninterrupted DBL/PFL coverage effective 01/01/2020 - resulting in more than 30,000 new policyholders
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2020 and beyond - Chapter 5 |
| 2020 | Adds NY Emergency Covid-19 Paid Sick Leave benefits to DBL/PFL benefits based on the new requirements from NY State and launches COVID-19 Resource Center to keep customers informed on all the newly evolving changes. |
| 2021 | - Begins providing Paid Family & Medical Leave (PFML) in Massachusetts as this becomes a required coverage in MA
- Begins quoting for Paid Family & Medical Leave (PFML) in Connecticut, which will become required in CT in 2022
- Currently insures more than 184,000 NY policyholders1
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*The ShelterPoint family of companies operates under the “ShelterPoint” name strictly as a marketing name, and no legal significance is expressed or implied. The ShelterPoint family of companies consists of ShelterPoint Life Insurance Company, a NY-domiciled carrier, and its wholly-owned subsidiary ShelterPoint Insurance Company, a FL-domiciled carrier, with the licensing depending on the state (see our Geographic & Jurisdictional Notice here).
Not all products are available in all jurisdictions, see website for details. ShelterPoint is a registered service mark.
1Based upon ShelterPoint Life Insurance Company policyholder and certificate holder count as of 02/26/20. |
Phone: 516-82908100https://www.shelterpoint.com