We are pleased to welcome Chris Connacher to our public sector underwriting team. Chris will be working with our primary products and can be reached at cconnacher@euclidps.com or by phone at 630-524-3242. Submissions can be forwarded to Chris directly or by sending to mail@euclidps.com. Chris began his career with Liberty Mutual out of Columbus, OH. Over the last eight years, he’s built an extensive knowledge of both primary as well as self-insured business. During that time, Chris has worked with a number of different super regional and national carriers with a heavy focus on public entity and non-profit sectors. Most recently, Chris spent time with both CNA and Selective Insurance. He has a strong background in the public sector with experience working with risks with populations up to 250,000. Chris has also worked extensively with K-12 schools and junior/community colleges. Chris obtained his Bachelor’s Degree in Economics from Ohio University…
Many fiduciaries find audits by the Department of Labor (DOL) mysterious, so it helps when the DOL provides any type of guidance. The DOL’s Employee Benefits Security Administration (EBSA) recently released 2018 statistics for its enforcement of the Employee Retirement Income Security Act of 1974 (ERISA). When combined with EBSA’s recent commentary on its enforcement initiatives, fiduciaries can be better prepared to address compliance issues before a DOL audit. The following is an analysis of the recently released 2018 statistics, as well as a look at the “national enforcement projects” for EBSA investigators. EBSA continues to target its published enforcement priorities, is focusing on major cases, and is recovering higher overall amounts in its investigations. The Voluntary Fiduciary Correction Program also continues to grow. 2018 Statistics compared to 2017 One specific trend to note is the increase of monetary recovery by EBSA. In Fiscal Year 2018, EBSA closed 1,329…
Euclid Insurance Services, Inc. (“Euclid”), today announced that it has formed Euclid Design Underwriters, LLC (“Euclid Design”), a professional liability program administrator focused on Architects and Engineers. Chris Ventrone will lead the new operation and will work with Dave Lo Verso, both of whom are equity partners in the new firm. Holly Boyce will remain in an underwriting and support role. Euclid Design will partner with Nationwide®. The Euclid Design team members are highly regarded as leaders in the design professional space. John N. Colis, President and CEO of Euclid commented, “Chris and Dave bring a wealth of talent to this new venture. Their underwriting skills are well tested and they have extensive distribution relationships in the field. We look forward to them building on the long-term presence Euclid has had in this space”. Chris Ventrone, Managing Principal of Euclid Design noted, "We are very excited to work for an…
Program administrators share experience and advice When we think about what’s important in our business, price comes to mind—although we sometimes try to fool ourselves into believing that’s not the case. Processing efficiency and customer responsiveness also are success factors. So, of course, is adequate coverage—the thing that helps clients sleep at night. But all these things matter very little if an insurance provider fails at claims handling. “Claims are at the center of what we do for a living,” says John Colis, president of Euclid Insurance Services. “It’s extremely important that we understand, from a program administrator’s perspective, what the options and nuances are around different types of claims-handling approaches.” Colis moderated a panel discussion at the Target Markets Program Administrators Association Mid-Year meeting in Baltimore earlier this year where panelists represented three different approaches to handling program claims: in-house, carrier-provided, or TPA-based. Discussion focused primarily on advantages…
Euclid Executive Liability Managers is pleased to announce it has expanded its partnership with Lloyd’s of London (AM Best A Excellent) via RenaissanceRe (AM Best A+ Excellent) to offer a full suite of Management Liability products including public and private Directors & Officers Liability, Employment Practices Liability and Fiduciary Liability to complement our existing product offerings. Euclid Exec looks forward to seamlessly providing our broker partners the same high standard of service, expertise and responsiveness, now on behalf of both our partners, Amtrust and Lloyd’s of London. Euclid Program Managers is a family of insurance program administration companies run by best-in-class underwriters who are experts in specialty niches and personally invested to deliver excellent service to our broker partners. To learn more visit website www.euclidprograms.com or view our company contacts below.
London, UK – July 9, 2018 – Euclid Transactional, LLC (“Euclid Transactional”), the New York based subsidiary of Euclid Insurance Services, Inc. (“Euclid”), announced today that it has launched a UK subsidiary to offer transactional insurance underwriting and claims handling solutions throughout Europe, the Middle East and Africa (“EMEA”). The new London-based agency will be managed by seasoned underwriters Kit Westropp and Carl Christian Rösiö who have over 20 years of experience working on M&A transactions and will join as principals. Swiss Re Corporate Solutions and Aspen Insurance have authorized the Euclid Transactional EMEA team to act as their managing general agent offering warranty & indemnity, tax liability and contingent liability coverages of up to $45 million of limits per deal on a primary or excess basis for risks across all industry sectors. Jay Rittberg, Managing Principal of Euclid Transactional commented, “We are thrilled to join forces with these market-leading…
Enviant Managing Principal Ken Cornell and Euclid Transactional, LLC Principal Phil Casper to present on the upcoming webcast: Environmental and Transactional Risk Insurance: What Lies Ahead? Tuesday, July 11, 2017 3:00 pm – 4:30 pm (EST) Registration is FREE courtesy of Enviant. Please enter discount code "ENVIANT0711" to avail the free registration. For more event information, please feel free to click this link: Environmental and Transactional Risk Insurance: What Lies Ahead? Ken Cornell Bio Ken Cornell is Managing Principal of Enviant, a Division of Euclid Environmental Underwriters, LLC. Ken, along with a team of industry veterans, launched Enviant in March of 2016, building a team of underwriting, claims and legal professionals to deliver a diverse portfolio of environmental insurance products and services. He began his career with AIG in 1985, rising from an entry level underwriting position to Executive Vice President of AIG Environmental, ultimately managing a $1B environmental insurance…
The Contractor Services Pollution Coverage Endorsement expands the Pollution Incident coverage to include: Pollution Incidents arising out of Contractor Services, which is now defined. The Coverage Enhancement Endorsement, expands coverage to include: Subpoena Provision – Legal Counsel provided Disciplinary or Regulatory Proceedings Expense - $25,000 Supplemental Payments Personal Injury Offense – Added to the Definition of Wrongful Act(s) These new endorsements have been approved in 40+ states and have filings pending in the remaining states. There is no additional premium associated with these endorsements. Additional Policy Features: No Hammer Clause No Punitive Damages Exclusion Waiver of Subrogation Endorsement Deductible options: Single Annual Aggregate, Each Claim, 2x aggregate and 3x aggregate Contract Review, Loss Control and Risk Management provided at no cost Supplemental Payments: $50,000 A.D.A., F.F.H.A. or O.S.H.A Cyber/Tech - $30,000 forensic investigation of security breach resulting in unauthorized access of personally identifiable information and $10,000…
Get up and get your blood pumping before you hit the classroom on Wednesday. Join your fellow risk management professionals for some laughs and networking while you run or walk the course with friends and colleagues. Proud sponsor of the PRIMA 5K Fun Run/Walk Wednesday, June 7th at 6:15 am at Margaret T. Hance Park in Phoenix Refreshments -- Networking -- Cool T-shirts to all entrants! All entrants receive a drawing chance for a Fitbit! To register for the Fun Run/Walk, add the ticket to your registration via the attendee service portal. Or, meet the Euclid team and register on-site at the conference registration desk Sunday, Monday and Tuesday. Pick-up T-shirts on site at registration. Fun Run/Walk event details: * Buses leave conference hotels (Sheraton/Westin) at 5:45 am with Run/Walk starting by 6:15 am * Flyers with course map at Fun Run registration desk Your $10 registration fee goes to…
As part of our comprehensive management liability program (D&O/EPL) written through AmTrust, we have teamed up with one of the nation’s largest defense litigation law firms, Wilson Elser Moskowitz Edelman & Dicker LLP, to provide the insured with a valuable risk management service – a complimentary Directors & Officers and Employment Practices hotline. Insureds can call the hotline to talk to an experienced D&O or EPL attorney regarding a wide variety of management liability issues including potential legal issues such as breach of fiduciary duty by a director or officer, such as alleged violation of company bylaws or allegations of improper investment of funds; claims by investors of negligent investing; minority shareholder valuation claims; shareholder disputes; or other D&O law issues; as well as employee discipline and termination of employment; sick leave; attendance; harassment claims; conducting investigations; or other workplace and employment law issues. The hotline is FREE and available…
