Sep 1, 2021
Insurance Journal
National specialty insurance brokerage and risk management firm Risk Strategies announced it has acquired the assets of employee benefits specialty broker Benevestco, Inc., a Resource Seven company. Terms of the deal were not announced.
Aug 27, 2021
South Florida Business Journal
For the past 20 years, Danna-Gracey, the largest independent medical malpractice insurance agency in Florida, has dedicated itself to providing insurance coverage placement for doctors and other health care providers. As a result of its recent merger with Risk Strategies, a leading national specialty insurance brokerage and risk management firm, the company now gains a nationwide platform through which its experts can provide medical professional liability coverage for physician and surgeons, nurses and other health care professionals as well as hospitals, ASCs, facilities, and long term care, in addition to personal and commercial lines as well…
Aug 26, 2021
Insurance Journal - Insuring Cyber Podcast
“I think it's the nature of the art world to constantly be looking to the next thing,” says Mary Pontillo, senior vice president of the Dewitt Stern Fine Arts Practice at Risk Strategies, in this episode of the Insuring Cyber Podcast. “I think that's the nature of artists - just constantly pushing boundaries.”
Aug 20, 2021
Intelligent Insurer
Speciality insurance brokerage and risk management firm, Risk Strategies, has acquired medical malpractice insurance company Danna-Gracey.
Aug 20, 2021
Captive Insurance Times
Speciality insurance brokerage and risk management company Risk Strategies has acquired Danna-Gracey, a medical malpractice insurance specialist.
Aug 20, 2021
Insurance Business America
Risk Strategies, a national speciality insurance brokerage and risk management firm, has announced the acquisition of Danna-Gracey, a Florida-based specialist in medical malpractice insurance. The terms of the transaction were not disclosed.
Aug 19, 2021
Yahoo Finance
Inc. Magazine today revealed that Risk Strategies, a leading national specialty insurance brokerage and risk management firm, is No. 2374 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.
Aug 18, 2021
BenefitsPro.com
“From a mentorship perspective, it’s important to teach assertiveness, persistence, resilience–and, truthfully, working harder than your male counterpart,” Tikia said. “Women really have to face a lot of isolation in this industry. But we’re also creative, out-of-the-box thinkers.”
Aug 16, 2021
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.
Aug 16, 2021
Business Insurance
RSC Insurance Brokerages Inc., which does business as Risk Strategies Co., said Monday it has acquired Delray Beach, Florida-based Danna-Gracey Inc., a medical malpractice liability agency.
Aug 16, 2021
Insurance Journal
Risk Strategies, a national specialty insurance brokerage and risk management firm, has acquired Danna-Gracey, a specialist in medical malpractice insurance headquartered in Delray Beach, Florida. Terms of the deal were not released.
Aug 9, 2021
Reinsurance News
Centric consults clients in a wide variety of industries to help understand and assess their cost of risk, with a focus on organisations employing alternative risk programs and approaches.
Aug 4, 2021
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.
Aug 4, 2021
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.
Aug 4, 2021
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.
Jul 23, 2021
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.
Jul 15, 2021
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.
Jul 13, 2021
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.
Jul 13, 2021
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?”
Jul 13, 2021
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.
Jul 6, 2021
Boston Business Journal
5. Risk Strategies Co., 160 Federal St. Boston, MA 02110
Jul 6, 2021
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.
Jun 30, 2021
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.
Jun 28, 2021
PropertyCasualty360.com
Risk Strategies named Raj Gulati a senior vice president. He served at EPIC Insurance Brokers & Consultants as a principal.
Jun 24, 2021
itij,com
Risk Strategies is sponsoring its first Annual Nationwide Student Health Benchmarking Survey to discover the emerging trends in student healthcare
Jun 24, 2021
Captive International
Raj Gulati joins Risk Strategies from EPIC Insurance Brokers and Consultants, where he spent three years serving as principal.
Jun 23, 2021
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."
Jun 21, 2021
Inside P&C
National specialty insurance broker Risk Strategies has appointed Steve Pincus as national personal lines practice leader.
Jun 21, 2021
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.
Jun 21, 2021
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.
Jun 21, 2021
PropertyCasualty360.com
Risk Strategies appointed Steve Pincus as national personal lines practice leader.
Jun 3, 2021
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.
May 13, 2021
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.
May 7, 2021
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.
May 7, 2021
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.
May 7, 2021
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.
May 4, 2021
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.
Apr 1, 2021
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.
Apr 1, 2021
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.
Apr 1, 2021
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.
Mar 31, 2021
Life Insurance International
Risk Strategies has strengthened capabilities in its national student health practice by purchasing Specialty Insurance Solutions (SIS).
Mar 31, 2021
Captive International
Risk Strategies, the specialty insurance brokerage and risk management firm, has acquired Specialty Insurance Solutions (SIS).
Jan 13, 2021
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!
Jan 12, 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.
Jan 7, 2021
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..."
Dec 18, 2020
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.
Dec 17, 2020
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.
Dec 17, 2020
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.
Dec 1, 2020
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.”
Nov 16, 2020
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
Nov 16, 2020
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.
Nov 16, 2020
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.
Nov 5, 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.
Oct 30, 2020
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.
Oct 30, 2020
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.
Oct 29, 2020
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.
Oct 29, 2020
Captive Insurance Times
Risk Strategies has acquired LaRocca & Associates, a specialty brokerage with expertise in health and welfare benefits across several industries.
Oct 20, 2020
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…
Sep 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.
Sep 11, 2020
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.
Sep 10, 2020
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."
Sep 10, 2020
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.
Aug 28, 2020
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.
Aug 28, 2020
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.
Aug 19, 2020
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.
Aug 14, 2020
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.
Jul 28, 2020
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.”
Jul 20, 2020
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.
Jul 9, 2020
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.
Jul 8, 2020
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.
Jul 6, 2020
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.”
Jun 23, 2020
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.
Jun 3, 2020
PropertyCasualty360
How COVID-19 is reshaping risk management
Jun 2, 2020
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
Jun 2, 2020
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.
May 29, 2020
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.
May 21, 2020
Advisen
May 20, 2020
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.
May 20, 2020
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.
May 11, 2020
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.
May 6, 2020
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.
Apr 27, 2020
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.
Apr 16, 2020
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…
Apr 8, 2020
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.
Apr 7, 2020
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".
Apr 6, 2020
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.
Apr 6, 2020
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.”
Apr 6, 2020
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…
Apr 3, 2020
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.
Mar 27, 2020
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…
Mar 27, 2020
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.”
Mar 26, 2020
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.
Mar 26, 2020
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.
Mar 24, 2020
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.
Mar 24, 2020
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.
Mar 23, 2020
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.
Mar 20, 2020
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
Mar 13, 2020
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.
Mar 13, 2020
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
Mar 13, 2020
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.