A Closer Look at Excessive Fee Litigation Webinar

Join us on May 26th - 2:00 - 3:00 PM (EST) Register for our Live Webinar here.   Plaintiff law firms are terrorizing plan sponsors of many of America’s largest defined contribution plans – filing class actions lawsuits against plan fiduciaries that seek tens of millions of dollars in damages and attorney fees for purportedly breaching their fiduciary duties in overpaying recordkeepers and investment managers. Euclid Specialty’s Daniel Aronowitz will examine the recent surge in excessive fee litigation. Euclid will take a deeper dive into the complaints being filed and how courts have responded. We will raise critical questions to better analyze these cases and help plan sponsors prepare a more effective defense. Topics to be discussed include: Are the Plaintiffs right? Are the recordkeeping and investment fees of large defined contributions in America too high? What about your plan? How would a plan sponsor know if their plan’s administrative…

Fox Valley Habitat for Humanity to dedicate duplex May 16

Fox Valley Habitat for Humanity will virtually dedicate its latest project, a duplex at 829-831 Grove St. in Aurora, at 1:30 p.m. Sunday, May 16. The public is invited to attend remotely on Zoom. Find the Zoom link on www.chicagolandhabitat.org. Participating will be the new homeowners, the Nibitanga and Afghanzada families of Aurora, with Habitat officials and volunteers. The program will include a virtual walk-through and presentation of a ceremonial house key and housewarming gifts to the future homeowners. Groundbreaking was in February. The project is Habitat's 66th since its founding in Aurora in 1988. Oxford Bank and Trust of Oak Brook and Euclid Insurance Services in Itasca have pledged $300,000 to the project. Other donors of services and supplies include Custom Installations, Saint-Gobain, Home Depot, Ferguson, Studio 41, AAA Door Teks, Mom & Sons and 84 Lumber. Call (630) 206-5038, email [email protected] or visit foxvalleyhabitat.org for more information. Founded in…

Euclid Transactional Promotes Nine Senior Staff

Transaction liability MGA Euclid Transactional has promoted nine senior staff at the business. Manuel Giner and Shawn O’Neill are now senior managing directors, while Justin Pierce Berutich, Jake Filak, Jon Friedman and Mike MacRory have been appointed as managing directors. Euclid has also promoted Tim Grosso, Will Hooper and Chloe Steadman from vice presidents to senior vice presidents. It comes as the entity pursued fast growth, and has expanded its headcount to 68 staff from 45 at the start of 2020. In a press release, Euclid said it had seen record deal volume since the start of last year. “We are on pace globally to issue nearly 1,000 policies this year, and have continued to increase the number of clients we support as use of transactional insurance sees record growth. “We are fortunate to have these experienced senior leaders to help our team consistently deliver industry-leading service," said Euclid managing…