G&S Insurance, Inc. Completes Acquisition of Harper Reed Corporation d.b.a. PSI Insurance

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G&S Insurance, Inc. d.b.a. Discount Shipping Insurance Agency has announced that it has acquired Harper Reed Corporation d.b.a. PSI Insurance effective January 1, 2007.

G&S Insurance, Inc. d.b.a. Discount Shipping Insurance Agency has announced that it has acquired Harper Reed Corporation d.b.a. PSI Insurance effective January 1, 2007.

Harper Reed has provided an alternate to insuring shipments with the major shipping carriers since 1986. Under their PSI Insurance brand, this coverage was focused on the mail and parcel center industry.

Discount Shipping Insurance (DSI) is a third party shipping insurance agency that offers all-risk coverage for parcels and large freight in transit. With the close of the transaction, DSI will offer their broad shipping insurance product to Harper Reed's covered clientele.

"Harper Reed policy holders will now be able to take advantage of our online claims process and automated shipping system integration," said Ariel Shmorak, Vice President of DSI. All current and future DSI policy holders will benefit from a larger and stronger core base of insured members.

ABOUT DISCOUNT SHIPPING INSURANCE AGENCY

G&S Insurance, Inc. d.b.a. Discount Shipping Insurance Agency, a privately held corporation based in Los Angeles, CA, provides discounted parcel and cargo insurance to all size shippers. DSI's offerings include worldwide coverage and hassle-free, paperless claims management.

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