Insurance industry

Essential Utilities Hires Shreen Williams as Director, Risk Management

Retrieved on: 
Thursday, September 10, 2020
Oil, Gas, Natural Resources, Energy, Other Natural Resources, Utilities, Articles, Academic disciplines, Legal professions, Insurance industry, Actuarial science, Claims adjuster, Risk management, Economy

Essential Utilities Inc. (NYSE: WTRG) announced that Shreen Williams of Philadelphia has been hired as director, risk management for their water and gas utility operations.

Key Points: 
  • Essential Utilities Inc. (NYSE: WTRG) announced that Shreen Williams of Philadelphia has been hired as director, risk management for their water and gas utility operations.
  • As director, Shreen will report directly to Essentials General Counsel, Chris Luning.
  • View the full release here: https://www.businesswire.com/news/home/20200910005868/en/
    Shreen Williams has been hired as Director, Risk Management for Essential Utilities Inc. (Photo: Business Wire)
    Williams comes to Essential from the City of Philadelphia where she was risk management claims manager, responsible for the citys claims unit including a staff of professional claims adjusters who investigated all property and personal injury claims to determine liability under applicable laws.
  • Williams earned her Bachelor of Business Administration at Temple University and her Master of Business Administration at LaSalle University, both in Philadelphia.

Maestro Health Appoints Kathleen Sweitzer as General Counsel and Pete Murphy as Chief Technology Officer

Retrieved on: 
Tuesday, August 25, 2020
Service industries, Insurance, Business, Insurance industry, Retirement, Third-party administrator, Cision, Sweitzer, Aon

CHICAGO, Aug. 25, 2020 /PRNewswire-PRWeb/ -- Maestro Health , tech-enabled third-party administrator (TPA) for employee health and benefits, today announced the appointments of Kathleen Sweitzer as General Counsel and Pete Murphy as Chief Technology Officer.

Key Points: 
  • CHICAGO, Aug. 25, 2020 /PRNewswire-PRWeb/ -- Maestro Health , tech-enabled third-party administrator (TPA) for employee health and benefits, today announced the appointments of Kathleen Sweitzer as General Counsel and Pete Murphy as Chief Technology Officer.
  • Sweitzer leads Maestro Health's legal, compliance and security teams, and Murphy oversees all technology strategy and delivery.
  • Prior to Maestro Health, Sweitzer served as Associate General Counsel at Aon where she was the chief lawyer for the U.S. Health Solutions business, which provides a broad range of services to health plans, healthcare entities and employers.
  • When partnering with Maestro Health, employers can save money on healthcare and focus on what really matterstheir people.

The National Alliance for Insurance Education & Research Releases Insuring Healthcare Providers Course

Retrieved on: 
Monday, August 24, 2020
Articles, Certified Insurance Counselor, Insurance industry, Academic disciplines, Insurance, Center for Insurance Studies and Research, Risk management

AUSTIN, Texas, Aug. 24, 2020 /PRNewswire/ --The National Alliance for Insurance Education & Research released a new 16-hour online course titled Insuring Healthcare Providers.

Key Points: 
  • AUSTIN, Texas, Aug. 24, 2020 /PRNewswire/ --The National Alliance for Insurance Education & Research released a new 16-hour online course titled Insuring Healthcare Providers.
  • The unique risk management areas, liability and property coverage, and special underwriting problems found in the healthcare industry make this course particularly valuable for all those involved in handling the risk management and property/casualty insurance issues of this segment.
  • The course will include discussion and examination of Insuring Healthcare Risks, Insuring Hospitals, Medical Malpractice and Insuring Healthcare Professionals and Organizations, and Evolving Risk Management Strategies & Tactics for 2020.
  • The National Alliance for Insurance Education & Research, the nation's premier provider of advanced educational opportunities for insurance and risk management professionals, includes the Certified Insurance Counselors (CIC) Program, the Certified Risk Managers (CRM) Program, the Certified Insurance Service Representatives (CISR) Program, the Certified Personal Risk Managers Program (CPRM), the Certified School Risk Managers (CSRM) Program, the Dynamics Sales Training Series, and The National Alliance Research Academy.

The Greenspan Co./Adjusters International Responds to the Rise in Bankruptcies

Retrieved on: 
Monday, July 27, 2020
Consulting, Other Professional Services, Professional services, Insurance, Finance, Money, Legal professions, Claims adjuster, Insurance industry, Economy, Insurance, Bankruptcy in the United States, Bankruptcy

Acting as an insureds private adjuster following a fire, vandalism, theft or other insured loss, The Greenspan Co./Adjusters International is the industry leader in post-disaster advocacy.

Key Points: 
  • Acting as an insureds private adjuster following a fire, vandalism, theft or other insured loss, The Greenspan Co./Adjusters International is the industry leader in post-disaster advocacy.
  • More than 3,600 companies have filed for bankruptcy in the United States in the first half of 2020.
  • We are seeing an acceleration in bankruptcies that is unprecedented Im pretty confident we will see more bankruptcies than in any businesspersons lifetime, said James Hammond, CEO of New Generation Research, which runs BankruptcyData.
  • In light of the economic decline resulting from the Coronavirus Pandemic, The Greenspan Co./Adjusters International underscores its resources for companies that experience insured losses while in bankruptcy or receivership.

GRS Enhances its Global Complex Claims Solutions with Acquisition of William Kramer & Associates

Retrieved on: 
Monday, July 20, 2020
Professional services, Legal, Insurance, Economy, Insurance industry, Insurance, Kramer

Global Risk Solutions, Inc., a leading provider of a diverse range of claims adjusting and environmental risk management solutions, is pleased to announce it has acquired William Kramer & Associates (WKA).

Key Points: 
  • Global Risk Solutions, Inc., a leading provider of a diverse range of claims adjusting and environmental risk management solutions, is pleased to announce it has acquired William Kramer & Associates (WKA).
  • With WKA joining our Complex Claims Solutions business unit, we have a much greater presence in global markets, a brand name in that space, and deep expertise, said Arthur Kip Radigan, CEO and President of GRS.
  • Bill Kramer and William Kramer & Associates have been successful in the major and complex loss insurance sector for decades, said Michael Reeves, GRS Complex Claims Loss Executive, based in London.
  • GRS Complex Claims Solutions (CCS) specializes in large and complex property claims, which often involve third-party losses.

Ultra-low yields and COVID-19 crisis significantly affecting the European insurance sector

Retrieved on: 
Saturday, July 18, 2020
Economy, Money, Finance, Insurance industry, Financial services, Financial markets, Economy of the European Union, European Insurance and Occupational Pensions Authority, European Union, Insurance, Systemic risk, Pension

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published the report on the Impact of ultra-low yields on the insurance sector, including first effects of the COVID-19 crisis.

Key Points: 
  • Today, the European Insurance and Occupational Pensions Authority (EIOPA) published the report on the Impact of ultra-low yields on the insurance sector, including first effects of the COVID-19 crisis.
  • The ultra-low interest rate environment remains a key concern for the insurance market.
  • It constitutes one of the most important sources of systemic risk for insurers for the future.
  • As a result, insurers are significantly challenged in terms of asset allocations, profitability, solvency and business model adaptation.

Top 5 Most Expensive States for Business Use Vehicle Insurance in 2020

Retrieved on: 
Friday, July 17, 2020
Economy, Service industries, Finance, Car costs, Traffic law, Insurance, Insurance industry, Traffic ticket

Consider that a FAVR (Fixed and Variable Rate) program is tailored to regional insurance premiums as well as other cost of living factors.

Key Points: 
  • Consider that a FAVR (Fixed and Variable Rate) program is tailored to regional insurance premiums as well as other cost of living factors.
  • Here they are:
    Michigan Let's start with the reasons why Michigan is the most expensive.
  • However, in July 2020, there will be several changes to the requirements that should drive down costs.
  • Louisiana A salesperson with a speeding ticket, a not-at-fault collision and business use insurance will pay $3,187 in New Orleans.

Marcella Beasley Recognized by International Association of Insurance Professionals

Retrieved on: 
Friday, July 17, 2020
Professional services, Small business, Other Professional Services, Insurance, Finance, Consulting, Insurance, Insurance industry, Alliant, Marcella, Television programs, Television series

Alliant Insurance Services announced that Marcella Beasley, Account Manager, Alliant Construction, has received the Young New Professional of the Year and the Risk Management Professional of the Year awards from the International Association of Insurance Professionals (IAIP).

Key Points: 
  • Alliant Insurance Services announced that Marcella Beasley, Account Manager, Alliant Construction, has received the Young New Professional of the Year and the Risk Management Professional of the Year awards from the International Association of Insurance Professionals (IAIP).
  • Marcella is a rising star and has made many positive contributions to the team, our clients, the community, and the industry, said Trey Busch, Managing Director, Alliant Agribusiness.
  • I wish Marcella continued success and I am proud to call her a member of our Construction Services Group.
  • Beasley was named 2019 Rookie of the Year by the IAIP and was a 2020 Rising Insurance Star Executive (RISE) recipient.

AMERISAFE Named to Ward’s Property-Casualty Top Performers List for 12th Year

Retrieved on: 
Friday, July 17, 2020
Economy, Finance, Money, Actuarial science, Types of insurance, Insurance, Insurance industry, Workers' compensation

DERIDDER, La., July 17, 2020 (GLOBE NEWSWIRE) -- AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers compensation insurance focused on high hazard industries, today announced the Company has been named to the Wards 50 top performing property-casualty companies for the 12th consecutive year.

Key Points: 
  • DERIDDER, La., July 17, 2020 (GLOBE NEWSWIRE) -- AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers compensation insurance focused on high hazard industries, today announced the Company has been named to the Wards 50 top performing property-casualty companies for the 12th consecutive year.
  • This years award recognizes outstanding financial results in the areas of safety, consistency, and performance over the five-year period from 2015-2019.
  • This award affirms our dedication to quality, long-term service, and I congratulate the AMERISAFE team on this recognition.
  • AMERISAFE, Inc. is a specialty provider of workers compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture.

AM Best to Host Webinar on German Insurance: Non-Life, Life Market Outlooks, Reinsurance Trends and Stress Testing COVID-19 Impact

Retrieved on: 
Friday, July 17, 2020
Insurance, Professional services, Economy, Finance, Money, Insurance, Insurance industry, Analytics, Premium

AM Best will host a complimentary webinar on Tuesday, 21 July 2020, at 15:00 CEST (Berlin, Kln, Mnchen) on the state of Germanys insurance industry.

Key Points: 
  • AM Best will host a complimentary webinar on Tuesday, 21 July 2020, at 15:00 CEST (Berlin, Kln, Mnchen) on the state of Germanys insurance industry.
  • However, AM Best expects lower premium volumes due to COVID-19-driven economic slowdown.
  • In the German life segment, margins between investment income and average guarantees are narrowing due to lower investment yields.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.