Media Coverage

Aug 4, 2021

Risk Strategies Buys Centric Actuarial Solutions in Kansas

Insurance Journal

National specialty insurance brokerage and risk management firm, Risk Strategies, acquired property/casualty actuarial consulting firm Centric Actuarial Solutions LLC, based in Overland Park, Kansas.

Terms of the deal were not announced.

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Aug 4, 2021

COO to CFO: transitioning roles during a pandemic

Insurance Business America

Sharon Edwards transitioned from COO to CFO of Risk Strategies this January, helping the brokerage adapt to the rapid growth experienced over the last year.

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Aug 4, 2021

Managing catastrophe risks amid wave of non-renewals

Insurance Business Magazine

According to Steve Pincus, national personal lines practice leader at Risk Strategies, the increased frequency and magnitude of natural disasters like wildfires, wind, flooding, hail storms and tornados have greatly affected the entire insurance market, including personal lines. This leads to virtually all insurance placements becoming more difficult to negotiate.

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Jul 23, 2021

CLDA launches the Industry Leaders Advisory Group to support strategic direction

ajot.com

Bryan Ice, CIC is Director of Sales – Transportation at Risk Strategies. He has been involved in the insurance industry since 2003, assuming his position at Risk Strategies in 2017.

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Jul 15, 2021

As California wineries lose insurance, some fear this fire season will be their last

The San Francisco Chronicle

For decades, it’s been standard for many California wineries to insure their properties against wildfire damage, said Nicholas Svetcoff, a broker at Risk Strategies in Burlingame who works primarily with wineries.

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Jul 13, 2021

Without Insurance, Many California Wineries May Face a Disastrous Wildfire Season

Robb Report

Insurers began feeling the strain of wildfires more acutely in 2017, when a series of blazes afflicted numerous properties, with one insurance area broker, Risk Strategies, telling the Chronicle that it had 180 wineries making claims that necessitated $22 million in insurance payouts.

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Jul 13, 2021

How can we insure NFTs?

Insurance Business America

“NFTs really came on to our radar with the huge Christie’s sale,” said Mary Pontillo, SVP and national fine arts practice leader for Risk Strategies. “The first immediate issue for us was that the fine art policies that we sell provide coverage for physical loss or damage. But how do you cover physical loss or damage for NFTs?”

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Jul 13, 2021

Bay Area Wineries Hit By Wildfires Getting Hammered By Skyrocketing Insurance Prices

KPIX.com

Some Bay Area wineries hit hard by recent fires, and now getting hit with another problem. Allen Martin they are forced to pay for more expensive insurance coverage, or have no coverage at all.

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Jul 6, 2021

Largest Insurance Brokers in Massachusetts

Boston Business Journal

5. Risk Strategies Co., 160 Federal St. Boston, MA 02110
 

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Jul 6, 2021

Individual life insurance offers added protection — at no cost to the employer

Smart Business - Cleveland

And 99.9 percent of group life benefits are never paid out to beneficiaries, because people rarely die while employed, says Greg Zito, producer, at Zito Insurance Agency a division of Risk Strategies.

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Jun 30, 2021

People Moves: Integris Group’s Votta, Risk Strategies’ Pincus, VFBMIC’s Brown Promoted

Insurance Journal

He joined Risk Strategies through the 2014 acquisition of DeWitt Stern Group, and in 2018, he was named the New York metro region leader for Risk Strategies.

 

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Jun 28, 2021

Career Moves People on the move in the P&C insurance industry

PropertyCasualty360.com

Risk Strategies named Raj Gulati a senior vice president. He served at EPIC Insurance Brokers & Consultants as a principal.

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Jun 24, 2021

Discovering emerging trends in student healthcare

itij,com

Risk Strategies is sponsoring its first Annual Nationwide Student Health Benchmarking Survey to discover the emerging trends in student healthcare

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Jun 24, 2021

Risk Strategies strengthens its national healthcare team

Captive International

Raj Gulati joins Risk Strategies from EPIC Insurance Brokers and Consultants, where he spent three years serving as principal.

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Jun 23, 2021

Making sure good deeds go unpunished

New York Real Estate Journal

Kriton Pantelides, vice president-professional services of Risk Strategies, advises, “Any claim or even the knowledge that the firm is providing riskier professional services in some material volume will likely trigger a re-underwriting process upon renewal and ultimately increase the firm’s insurance rates."

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Jun 21, 2021

Risk Strategies appoints Pincus as national personal lines practice leader

Inside P&C

National specialty insurance broker Risk Strategies has appointed Steve Pincus as national personal lines practice leader.

Jun 21, 2021

People On the Move

New York Business Journal

National insurance brokerage Risk Strategies has appointed Steve Pincus National Personal Lines Practice Leader. A 30+ year industry veteran, he previously served as interim leader.

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Jun 21, 2021

Risk Strategies names Pincus permanent national personal lines leader

The Insurer

Risk Strategies has promoted Steve Pincus to national personal lines practice leader while the US broker has also shuffled the management of its New York regional leadership team.

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Jun 21, 2021

People on the move in the P&C insurance industry: June 18, 2021

PropertyCasualty360.com

Risk Strategies appointed Steve Pincus as national personal lines practice leader.

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Jun 3, 2021

The BI Interview with Bob Dubraski, Risk Strategies

Business Insurance

Bob Dubraski, chief growth officer and health care practice leader at Risk Strategies, discusses the challenges that risk managers in the health care sector are facing and what they can do to navigate the hard market.   

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May 13, 2021

Prices Rise Sharply as Clouds Darken Construction Insurance Market for Buyers

Engineering News Record

Professional liability coverage for designers is an evolving challenge. Darren Black, architects and engineers practice lead at Risk Strategies, an insurance broker, says complications are multiplying.

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May 7, 2021

Risk Strategies and CyberCube deliver Broking Manager, a cyber risks analytics platform

Help Net Security

Broking Manager will allow the Risk Strategies’ team to quantify and explain to their clients the sources and financial impact of cyber risk exposure.

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May 7, 2021

Risk Strategies partners with CyberCube

Insurance Business America

Specialist insurance brokerage and risk management firm Risk Strategies has partnered with cybersecurity firm CyberCube to adopt Broking Manager, CyberCube’s risk analytics platform for insurance intermediaries.

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May 7, 2021

Risk Strategies teams up with CyberCube

Captive Insurance Times

The US specialist insurance brokerage and risk management firm will also be using application programming interface (API) components from CyberCube’s solutions for analytics.

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May 4, 2021

Protect your company with written telecommuting guidelines

Smart Business

Smart Business spoke with Chris Zito, Managing Director of Zito Insurance Agency a Division of Risk Strategies, about the variables an employer needs to consider, including the business risk, before deciding whether or not to implement a telecommuting program.

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Apr 1, 2021

Risk Strategies expands student health practice

Insurance Business America

Risk Strategies, a specialist insurance brokerage and risk management firm, has announced that it has acquired Specialty Insurance Solutions (SIS). The acquisition expands Risk Strategies’ capabilities in its national student health practice.

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Apr 1, 2021

Massachusetts’ Risk Strategies Acquires Specialty Insurance Solutions

Insurance Journal

Risk Strategies, a Boston, Massachusetts-based national specialty insurance brokerage and risk management firm, has acquired Specialty Insurance Solutions (SIS), expanding capabilities in its national student health practice.

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Apr 1, 2021

Risk Strategies acquires Specialty Insurance Solutions

Captive Insurance Times

Risk Strategies, a national specialty insurance brokerage and risk management firm, has acquired Specialty Insurance Solutions (SIS), expanding capabilities in its national student health practice.

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Mar 31, 2021

Risk Strategies takes over Specialty Insurance Solutions

Life Insurance International

Risk Strategies has strengthened capabilities in its national student health practice by purchasing Specialty Insurance Solutions (SIS).

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Mar 31, 2021

Risk Strategies builds up its student health practice with SIS acquisition

Captive International

Risk Strategies, the specialty insurance brokerage and risk management firm, has acquired Specialty Insurance Solutions (SIS).

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Jan 13, 2021

Special Report: The Charity Issue – Photos of Giving

Insurance Journal

In 2020, the Risk Strategies family dedicated their time to those in need with heartfelt volunteer work and nearly $150,000 in donations for our Thanksgiving Drive alone. We're so pleased to have their efforts spotlighted in the @Insurance Journal Charity Issue with our team at Gowrie Group, a division of Risk Strategies!

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Jan 12, 2021

What Insurance/Risk Trends Will Impact the Industry in 2021?

Customized Logistics and Delivery Association

With respects to auto physical damage coverage, it should be noted that the rising cost of new vehicles and the continual upgrades in onboard technology and safety equipmentare also impactign the rates insurers are charging.

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Jan 7, 2021

Captive Insurance Times - A New Landscape

Captive Insurance Times

"John Mina, CEO of Risk Strategies, says this moment in time calls for captive practitioners everywhere to up their game and improve the image of the industry..."

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Dec 18, 2020

Risk Strategies Acquires New York’s FBA National

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired FBA National, a specialist in developing employee benefits solutions that align with an organization’s goals and workforce needs.

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Dec 17, 2020

Gazing into the crystal ball: A look at 2021 software security predictions

Synopsys

Rob Rosenzweig, national cyber practice leader, Risk Strategies

Ransomware attacks show no sign of stopping, and the pandemic has only ramped this space up. Next year we can expect to see more of these incidents hitting the healthcare and R&D industries as hackers look for intellectual property and trade secrets related to COVID-19.

 

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Dec 17, 2020

Risk Strategies acquires New York employee benefits specialist

S&P Global - Market Intelligence

Risk Strategies has acquired Garden City, N.Y.-based employee benefits specialist FBA National.

Terms of the deal were not disclosed.

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Dec 1, 2020

Risks to Watch in 2021

Risk Management

The COVID-19 pandemic has taught all of us lessons in risk and resilience. The pandemic shocked people around the world with a magnitude unparalleled in recent history. While the circumstances may be unique, the reality is there will be more unexpected disasters in the near future. To quote Mark Twain, “History doesn’t repeat itself, but it often rhymes.”

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Nov 16, 2020

Gowrie Group launches fundraising challenge

The Middletown Press

Every year Nov. 1-Dec. 31, Gowrie Group, a Division of Risk Strategies, challenges their local community of businesses and friends to team together to raise money to benefit The Shoreline Soup Kitchens and Pantries. T

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Nov 16, 2020

Business Moves - Risk Strategies, LaRocca & Associates

Insurance Journal,

Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired LaRocca & Associates Inc., a specialty brokerage with expertise in health and welfare benefits across several industries.

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Nov 16, 2020

Senior Living in a Post-Pandemic World

Insurance Journal

Property/casualty insurance for senior living facilities has taken a hit this year. The insurance market has been hardening for the last year or two, and the COVID-19 pandemic brought on a wave of new challenges that has only compounded the problem.

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Nov 5, 2020

Around the P&C insurance industry: November 4, 2020

PropertyCasualty360.com

Risk Strategies acquired LaRocca & Associates, Inc., a brokerage focused in health and welfare benefits across several industries. Terms of the deal were not disclosed. Established in 1980, LaRocca & Associates has a focus on employee benefits and property and casualty that Risk Strategies says will enhance its national employee benefits practice.

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Oct 30, 2020

Risk Strategies acquires LaRocca & Associates

Captive International

LaRocca & Associates was established in 1980 and specialises in employee benefits and property and casualty (P&C) coverage, with offices in Miami and Fort Lauderdale, Florida, as well as Atlanta, Georgia. 

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Oct 30, 2020

Risk Strategies scoops up Florida firm

Insurance Business America

Risk Strategies, a national insurance brokerage and risk management firm, has announced the acquisition of LaRocca & Associates, a specialty brokerage with expertise in health and welfare benefits across several industries.

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Oct 29, 2020

Risk Strategies Acquires LaRocca & Associates of Florida

Insurance Journal

Established in 1980, LaRocca & Associates focuses on employee benefits and property and casualty (P&C) insurance. LaRocca & Associates has offices in Miami and Fort Lauderdale, Fla., as well as Atlanta, expanding Risk Strategies’ presence and capabilities in the Southeast.

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Oct 29, 2020

Risk Strategies acquires LaRocca & Associates

Captive Insurance Times

Risk Strategies has acquired LaRocca & Associates, a specialty brokerage with expertise in health and welfare benefits across several industries.

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Oct 20, 2020

Business Insurance announces 2020 Women to Watch

Business Insurance

Business Insurance on Thursday named the 2020 winners of its annual Women to Watch awards program.

Business Insurance started the program in 2006 to recognize women leaders doing outstanding work in risk management and commercial insurance. From the beginning, the program has recognized winners working around the globe, and in 2017, the publication expanded the awards to include a separate program specifically for women executives in Europe, the Middle East and Africa.

Business Insurance readers nominated candidates for Women to Watch, and a panel of Business Insurance editors selected the honorees based on those nominations.

Below are this year’s 30 honorees for Women…

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Sep 16, 2020

Around the P&C insurance industry: September 16, 2020

Property Casualty 360

Risk Strategies acquired Securitas Insurance Partners, LLC, a specialty brokerage focused on the retail insurance and risk management needs of venture capital and private equity-backed portfolio companies. Terms of the deal were not disclosed.

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Sep 11, 2020

Risk Strategies buys private equity specialist

Business Insurance

Securitas specializes in insurance and risk management services for venture capital and private equity-backed portfolio companies in various sectors, including life science, healthcare, technology, new energy and financial services, a Risk Strategies statement said.

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Sep 10, 2020

Risk Strategies Acquires Securitas Insurance Partners

Benzinga.com

"Companies that are part of a private equity or venture capital investment portfolio, or simply focused on growing through acquisition, face complicated and often high stakes risks," said John Mina, Risk Strategies' CEO. "Securitas is a leader in identifying and mitigating these risks. We saw that expertise as a great fit for our growing national Private Equity practice."

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Sep 10, 2020

Risk Strategies acquires Securitas Insurance Partners

Insurance Business America

Risk Strategies CEO John Mina described Securitas as “a great fit for our growing national Private Equity practice,” which experienced a boom in 2019 following the acquisition of private equity specialist, Krauter & Company.

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Aug 28, 2020

Risk Strategies Appoints Jennifer Johnston Chief Marketing Officer

Agency Checklists

Risk Strategies a privately held, rapidly growing international insurance brokerage and risk management firm, today announced that Jennifer Johnston has been appointed to the newly created position of Chief Marketing Officer.

Johnston brings a wealth of experience in branding, marketing and communications in the insurance industry, consulting and professional services as well as technology. She has a proven ability to lead marketing during times of change and rapid expansion and has been a passionate advocate for high-value client experience and digital marketing solutions.

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Aug 28, 2020

Risk Strategies names Jennifer Johnston as chief marketing officer

Captive International

Risk Strategies has appointed Jennifer Johnston to the newly created position of chief marketing officer.

Johnston joins Risk Strategies from CopperPoint Insurance Companies where she served as executive vice president and chief marketing officer. Before that she was chief strategic marketing officer at PMA Companies/Old Republic Insurance Group, and vice president of marketing for Unisys Global Industries. She started her career at TELUS, a Canadian national telecommunications company. 

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Aug 19, 2020

Risk Strategies names chief marketing officer

Insurance Business

Risk Strategies has announced the appointment of Jennifer Johnston to the newly created role of chief marketing officer.

Johnston has extensive experience in branding, marketing and communications in the insurance industry, consulting and professional services and technology. She has been a passionate advocate for high-value client experience and digital marketing, Risk Strategies said.

Prior to joining Risk Strategies, Johnston served as executive vice president and chief marketing officer at CopperPoint Insurance Companies. She has also held executive marketing roles at PMA/Old Republic Insurance Group and Unisys Global. She began her career at TELUS, a Canadian telecommunications company.

 

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Aug 14, 2020

New Fee on Some College Bills: It’s for the Virus

The New York Times

“This is all still emerging,” said Elizabeth Marks, senior strategy consultant with Academic HealthPlans, which provides student health insurance plans at campuses across the country.

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Jul 28, 2020

How Art Collectors Can Avoid Online Phishing Scams and Social Engineering

Artsy.com

“There’s been a shift away from hacking and data breaches that steal credit card numbers, as they became less valuable to sell,” said Robert Rosenzweig, vice president and national cyber risk practice leader at DeWitt Stern. “Now there’s more diversion and manipulation.”

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Jul 20, 2020

Nursing Homes Face Uphill Battle

Insurance Journal

The liability that nursing homes carry is going to be a huge concern going forward. Insurance carriers are already writing COVID-19 exclusions into their professional liability policies for the next renewal period, and we expect the insurance market to harden even further.

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Jul 9, 2020

Insurance Costs on the Rise for Colleges

Inside Higher Ed

“Our work has absolutely increased tenfold because of the work around COVID,” Demchak said.

Premiums for higher education clients rose between 20 and 40 percent this year, said Bret Murray, who leads higher education strategy at Risks Strategies Company, a national insurance brokerage and risk management firm.

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Jul 8, 2020

Property insurers impose policy restrictions, hike rates

Business Insurance

Some insurers are attempting to remove nonphysical damage exposures from their property policies, too, said Peter Fallon, senior vice president, at brokerage Risk Strategies Co. Inc. in Boston.

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Jul 6, 2020

Cyber Security Can Bring Triple Digit Returns. Why Aren’t More Companies Investing?

Robert Rosenzweig, national cyber risk practice leader at Risk Strategies, noted that every company faces different cyber security threats, but the study provides insight into where they are investing.

“Understanding what peers are doing and where there’s ROI is important,” Rosenzweig said, noting the study “aligns with where we’re seeing the claims activity in the marketplace.”

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Jun 23, 2020

A Picasso, an $18M Hole, a Casino Owner, an Auctioneer, an Insurer and a Contractor

Insurance Journal

Insurance specialist LeConte Moore and professional fine art appraiser Vincent Wiener deal with high-profile performers and artists and their works so hearing talk of big dollar figures is not unusual.

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Jun 3, 2020

How COVID-19 is reshaping risk management

PropertyCasualty360

How COVID-19 is reshaping risk management

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Jun 2, 2020

14 Effective Strategies To Increase Employee Faith In HR

Forbes.com

Separate roles with a “Chief People Officer” or any number of non-HR titles that give employees a trusted, confidential and “safe” place to speak openly. Top-down buy-in is required. The C-Suite needs to report back on action taken based upon employee feedback regularly to reinforce the culture. - Zain Hasan, Risk Strategies Company

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Jun 2, 2020

What’s In Store for the Entertainment Industry Post COVID-19 Shutdown

MyNewMarkets.com

John A. Hamby, senior managing director, national entertainment practice leader, DeWitt Stern of California Insurance Services, a division of Risk Strategies Co., said the film and television space is still essentially shut down. He doesn't see the industry picking up production until at least July, even into August, September or October.

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May 29, 2020

Studios Have “Weighed In” on Pandemic Risk Insurance Bill

Hollywood Reporter

The Hollywood Reporter previously reported that the MPA and the Independent Film & Television Alliance have been advocating for federal help in gaining insurance on productions, while DeWitt Stern Risk Strategies insurance brokerage managing director Peter A. Marshall was helping to craft language regarding media production for the bill. When reached by THR, Marshall said he didn't believe that language was included in the first draft, although it might be added if the draft goes to committee. 

 

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May 21, 2020

The pandemic brought buyers in, and the cyber insurance market is ready to prove its value

Advisen

New to the market buyers include business-to-business firms, the industrial sector, and manufacturers, according to Robert Rosenzweig, national cyber risk practice leader for Risk Strategies. Media reports of ransomware and other threats have opened eyes to the risk.

 

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May 20, 2020

It’s a Wrap For Entertainment, at Least for Now

Insurance Journal

John A. Hamby, senior managing director, national entertainment practice leader, DeWitt Stern of California Insurance Services, a division of Risk Strategies Co., said the film and television space is still essentially shut down. He doesn’t see the industry picking up production until at least July, even into August, September or October. Much of that decision lies within jurisdictional restrictions and guidelines, he noted.

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May 20, 2020

Blumhouse Plans Film Shoot on Universal Lot Despite Insurance Risks

Hollywood Reporter

Peter A. Marshall, a managing director of the DeWitt Stern Risk Strategies insurance brokerage, has helped craft language that could specifically address media production. The MPA and IFTA are hopeful those provisions would be part of any bill that goes forward.

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May 11, 2020

84 Insurance Brokers You Haven’t Heard the Last Of

Risk & Insurance

Schaffer, a Fine Arts Power Broker and senior account executive at DeWitt Stern, a division of Risk Strategies, doesn’t want insurance to ever be the obstacle in her clients’ way.

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May 6, 2020

Arts Groups Fight Their Insurers Over Coverage on Virus Losses

The New York Times

Policies tailored for theatrical productions typically do not require physical losses, said Peter Shoemaker, a managing director at DeWitt Stern, an insurance brokerage that works with Broadway shows.

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Apr 27, 2020

Zaha Hadid Architects Hit With Ransomware Attack

Architectural Record

"We’ve seen two to three times the usual number of breaches, most frequently ransomware attacks," says Robert Rosenzweig, a national cyber risk practice leader at Risk Strategies, a large national insurance brokerage.

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Apr 16, 2020

With business halted due to coronavirus, future uncertain for surgery centers

Advisen

According to brokers at Risk Strategies, each of these facilities are wondering if there will be any recourse for the business income lost.

“Business interruption is probably the number one subject, for sure,” said Joe Levy, senior vice president. “We’re fielding a lot of questions.”

“Some of our clients haven’t had a case in 45 days,” added Chris Zuccarini, managing director. “We’ve seen busy practices completely shut down. One just laid off 125 employees. Another with 21 offices closed all but 5. No one could have expected this scenario.”

The advice right now, according to Zuccarini and Levy is…

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Apr 8, 2020

INTERVIEW: Forced retroactive business interruption ‘not same’ as TRIA

Intelligent Insurer

“They won’t just say ‘hey, sure we’ll pay all that’. They are also going to fight to the death.” Mike Vitulli, senior vice president and director of Risk Strategies.

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Apr 7, 2020

Risk Strategies Issues Public Comment on Centers for Medicare & Medicaid Services Proposed Rule

Insurance News Net

Matt Smith, executive vice president of Risk Strategies, Minneapolis, Minnesota, has issued a public comment on the Centers for Medicare and Medicaid Services' proposed rule entitled "Medicare and Medicaid Programs: Contract Year 2021 and 2022 Policy and Technical Changes to the Medicare Advantage Program, Medicare Prescription Drug Benefit Program, Medicaid Program, Medicare Cost Plan Program, and Programs of All-Inclusive Care for the Elderly".

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Apr 6, 2020

Business Moves

Insurance Journal

Risk Strategies, UNIRISC

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired UNIRISC Inc., a specialist in the global relocation insurance and risk management needs of corporate personnel and private individuals moving domestically and overseas.

Founded in 1972 and based in Arlington, Va., UNIRISC’s clients include Fortune 100 companies spanning the automotive, financial, pharmaceutical, insurance, service, manufacturing, communications, technology and relocation industries. UNIRISC’s services include claims and bespoke relocation assistance to mitigate the risk and complexity of relocation.

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Apr 6, 2020

How Agents Can Help Small Business Clients Navigate Cyber

Insurance Journal 

Panelists opened the hour-long discussion on a positive note, stating there has been an uptick in small and medium-sized businesses that recognize their cyber insurance needs and are purchasing coverage.

“We’ve certainly seen an uptick in small business customers,” said Rob Rosenzweig, national cyber risk practice leader at Risk Strategies. “With the growth of ransomware, I think the individual small businesses have realized how impactful that can be to their direct business.”

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Apr 6, 2020

12 Strategies For Conducting Effective Stay Interviews

Forbes

Some businesses have a system implemented where they set up exit interviews when employees leave. While these can be useful, they don't focus on retaining the business's talent. In this competitive atmosphere, letting a talented employee go to a competitor could spell disaster for the business.

Stay interviews try to focus on what the enterprise could do to help the employee remain with the company. To help companies interested in recovering their talent before they leave, 12 professionals from Forbes Human Resources Council explore the strategies they use in similar situations and why they work so well at keeping…

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Apr 3, 2020

COVID-19 prompts a host of questions for workers compensation cover

Advisen

“OSHA says you have a duty to provide a safe workplace,” said Michael Vitulli, director of risk management services at Risk Strategies.

In assessing how to ensure safety in the workplace, he added, it’s unlikely that most non-healthcare industries considered the current situation in the planning, even with data available about the impact of the SARS outbreak.

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Mar 27, 2020

COVID-19 and business interruption: Are you and your business covered?

New England Real Estate Journal

Emerging in Wuhan, a city in China’s Hubei province, in late December, the outbreak of the novel coronavirus (COVID-19), a never-before-seen respiratory illness, it has swept through the country, already infecting hundreds of thousands there, according to the Centers for Disease Control. While the Chinese New Year holiday break that started on Jan. 24 was set to end a customary week later on Jan. 30, Beijing’s State Council postponed the reopening of some institutions until Feb. 2 in an effort to contain the viral outbreak, and said the reopening of schools for the spring semester…

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Mar 27, 2020

Insuring Waste, Recycling Operations is Risky, Especially During a Pandemic

Waste360

Pam Caron, senior vice president of waste and recycling practice for Risk Strategies Company, also says her clients have asked about business interruption coverage during the COVID-19 pandemic.

“We have been getting inundated internally and externally with questions around insurance coverage,” she tells Waste360. “With COVID-19, the biggest concern right now that I am seeing from a coverage standpoint is business interruption coverage, which is part of a property policy. If there is a massive fire or natural disaster, they have business interruption coverage, which really covers the transfer stations and recycling facilities, etc.” 

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Mar 26, 2020

Architecture Firms Under Threat of Ransomware Attacks

Architechtural Record

“We’ve seen two to three times the usual number of breaches, most frequently ransomware attacks, in the last two weeks,” says Robert Rosenzweig, national cyber risk practice leader at Risk Strategies, a large national insurance brokerage.

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Mar 26, 2020

Pandemic exclusions standard, but not universal, for business insurance

S & P Global

While pandemic exclusions in typical business interruption insurance policies make them contractually immune to COVID-19 losses, some coverage in the marketplace could be exposed.

Peter Fallon of Risk Strategies began responding to coverage inquiries from insureds before the coronavirus reached U.S. shores, often examining policy language line by line. Since 2006, standard policy forms have exempted losses from disease outbreaks, but many policies leave daylight for interpretation, said Fallon, who is senior vice president and head of property at the broker.

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Mar 24, 2020

The Art Market Adjusts: Insurance implications for fine art collectors and exhibitions

WithersWorldwide.com

People are definitely experiencing an interruption in their businesses; however, in our experience, the Business Owners or Package policies will likely not respond because there needs to be a “physical loss or damage” claim to trigger business interruption. The virus is not causing a physical loss or damage to peoples’ space, thus the policy will likely not respond.

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Mar 24, 2020

‘Federal forum’ ruling could cut defense costs, D&O rates

Business Insurance

Iyan G. Alfredson, senior vice president and co-national practice leader of executive liability at Risk Strategies Inc. in Chicago, said, “D&O rates have skyrocketed” since the Cyan decision, but “should certainly drop” as companies modify their charters to reflect the federal forum provision.

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Mar 23, 2020

How to Manage Risk in a Hardening Market

Insurance Journal 

A financial market that’s in correction territory, coronavirus pandemic fears and an insurance industry hard market for the first time in years. Are these issues related or becoming more so? What’s an insured to think right now?

The rapidly hardening insurance market is the result of several factors that can be summed up by saying that we’re paying today for our prior sins. The industry has had persistent high loss ratios since 2013, primarily caused by an increase in frequency of severe property and liability losses and spiraling litigation costs with ever higher jury awards.

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Mar 20, 2020

Medical malpractice carriers giving, getting leeway in face of COVID-19 pandemic

S&P Global

Medical malpractice insurers have responded with flexibility as their clients deal with liability concerns produced by the COVID-19 pandemic.

That flexibility has included advice on which treatments can or cannot be covered, as well as easing coverage restrictions on telehealth and staffing issues.

Chris Zuccarini, managing director of healthcare for Risk Strategies Inc. said carriers like Doctors Co. An Interinsurance Exchange and Berkshire Hathaway Inc. subsidiary Medgroup Inc. are communicating with their insureds and trying to help any way they ca

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Mar 13, 2020

Advisen ‘Claims in every form of coverage’: Coronavirus set to test insurers

Advisen

The insurance impacts of the coronavirus pandemic remain unclear, but experts agree that the effects will reverberate through the industry and economy for years to come.

In addition to disruptions faced by businesses of all kinds, insurers and brokers also face significant questions about coverage from customers, likely in nearly every line of business. With travel restrictions in place not only by private employers but also governments, businesses are scrambling to determine not only the effect on business but also potential insurance reimbursement.

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Mar 13, 2020

Coronavirus Closures Pose Refund Quandary

Inside Higher Education

“Because colleges are sending students home as a preventative measure, not because of an event that triggers coverage under their property or business interruption policy, these refund claims will likely not be covered,” Bret Murray, who leads higher education strategy at Risk Strategies Company

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Mar 13, 2020

When Big Events Get Canceled Due to the Coronavirus, Who’s on the Hook?

The Wall Street Journal

Mary Beth Ryan, senior vice president at Boston-based insurance brokerage Risk Strategies, said about half of her clients opted for communicable diseases cover. Companies have been calling in recent weeks to ask her if their insurance covers communicable diseases. The coverage would likely be triggered if the event was supposed to take place in a state that has issued bans on large gatherings, assuming it meets size criteria, she said.

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Mar 12, 2020

Arceo.ai launches ransomware assessment and response service

Insurance Business

Last year, Arceo.ai collaborated with Risk Strategies to help launch the latter’s Cyber Resolute risk mitigation platform, which combines Arceo.ai’s data analytics technology with insurance underwritten through Risk Strategies’ partnership with Berkley Cyber Risk Solutions.

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Mar 12, 2020

Agency M&As: Private Equity Still in Driver’s Seat; Digital Agencies Attract Attention

Insurance Journal

December Risk Strategies Acquires New England-Based Subsidiaries of Gowrie Holdings: Privately-held Risk Strategies (a Top 100 Agency

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Mar 12, 2020

Risk Strategies recapitalizes with new investment from private equity firm

Insurance Business

National insurance broker and risk management firm Risk Strategies has announced its completion of a recapitalization transaction, which includes a new equity investment from funds managed by private equity firm Kelso & Company.

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Mar 12, 2020

Changing benefits to fit the multigenerational workforce

Employee Benefit Adviser

Even though the digital revolution has changed the way HR operates, and how benefits are communicated and offered, the future of advising shouldn’t solely revolve around tech solutions, said panelist Zain Hasan, managing director at Risk Strategies Company and one of Employee Benefit Adviser’s 20 Rising Stars in Advising of 2020.

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Mar 12, 2020

Risk Strategies acquires captive manager, gains international presence

Business Insurance

The deal builds on Risk Strategies’ acquisition of California-based captive manager Risk Management Advisors Inc. in 2019 and follows the earlier purchase of Sparks, Maryland-based captive consultancy Oxford Risk Management Group in 2018.

It adds both onshore and offshore capabilities in multiple domiciles, as well as licenses in 10 U.S. jurisdictions, Risk Strategies said in the statement.

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Mar 12, 2020

Risk Strategies snaps up captive manager Atlas Insurance

Verdict

The companies did not reveal the financial details of the transaction.

Founded 18 years ago, Atlas specialises in the formation and management of captive insurance firms.

Risk Strategies CEO John Mina said: “As traditional insurers become more selective in their coverage and premiums rise, innovative alternatives such as captives are increasingly important in creating cost-effective ways to manage and mitigate client risk.

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Mar 12, 2020

Risk Strategies acquires- Atlas Insurance Management

Captive Insurance Times

Risk Strategies has acquired Atlas Insurance Management as part of its purchase of Atlas Group Limited and its affiliated entities.

Atlas Insurance Management focuses on the formation and management of captive insurance companies. It also forms and operates a number of its own insurers, including protected cell companies (PCC), making cells available to captive clients and acting as fronting insurers as well as pooling reinsurers.

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Mar 12, 2020

Risk Strategies acquires Atlas Insurance Management

Insurance Business

Risk Strategies has announced its acquisition of Atlas Insurance Management, as part of the former’s purchase of Atlas Group Limited and its affiliated entities.

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Mar 12, 2020

Risk Strategies Acquires Atlas Insurance Management of North Carolina

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Atlas Insurance Management of North Carolina, a company that works on the formation and management of captive insurance companies.

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Mar 12, 2020

Atlas chairman eyes growth opportunities under Risk Strategies umbrella

Captive International

Atlas has 27 people spread over two offices, in the Cayman Islands and North Carolina. It is proud of the expertise it already had at its disposal, and its ability to offer captive management services to its clients. But Atlas believed the time was right to become part of a bigger organisation. “There comes a point when it helps to be part of something bigger,” said Eveleigh. 

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Mar 12, 2020

Around the P&C insurance industry: March 11, 2020

PropertyCasualty360

The Insurance Industry Charitable Foundation (IICF) announced the dates of its 2020 Women in Insurance Conference Series Regional Forums and invite all interested insurance professionals to register. Focused on the theme of Beyond Gender: Inclusion, Leadership and Innovation, these one-day conferences will continue the conversation on how insurance professionals can collaborate to advance diversity,

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