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…
Euclid Specialty underwriters provide a comprehensive review of fiduciary liability insurance and offers practical, easy-to-understand steps to ensure that your employee benefit plan clients secure the best protection available. This handbook is the definitive guide for fiduciaries and advisers of employee benefit plans. Topics in the Fiduciary Liability Insurance Handbook include: The Nuts and Bolts of a Fiduciary Liability Insurance Policy Cutting-edge Coverage How does the ERISA Fidelity Bond Differ from Fiduciary Insurance? Application Process Commonly Asked Questions Selecting the Right Limit of Liability Checklist of Key Provisions Unique Issues: Waiver of Recourse Claims Handling And More! Request your complimentary copy today by visiting www.fiduciaryliabilityhandbook.com Euclid Specialty is an insurance underwriting company that specializes in providing the highest quality fiduciary liability insurance and crime coverage for employee benefit plans from non-profit, multiemployer and governmental trusts to employee benefit plans sponsored by for-profit companies. We are a team…
We are so proud and excited to announce the dedication of the Uwamahoro family’s new home on January 14, which is our most recently completed Fox Valley Habitat for Humanity house. At Euclid, we are committed to helping our local community. Through our partnership with Fox Valley Habitat for Humanity, we see the real difference that we can make in people’s lives, and the Uwamahoros are no exception. Originally from Eastern Africa, Theo and Odette Uwamahoro have worked hard to make America their home by participating in our 26-hour financial training course; Financial Peace University, and working on job sites to complete Sweat Equity Hours. The family of four values the significance of community and believes in treating their neighbors like an extended family. Everyone is invited to help us celebrate this deserving family and welcome the Uwamahoros to their new home, where we are sure they will continue to…
Euclid Public Sector and Euclid Specialty Managers were proud to sponsor PRIMA's 2017 Annual Conference 5k Fun Run & Walk. We had a fun, enthusiastic and energetic group turn out for the event. Check out the pictures or race results from the Fun Run in beautiful Margaret T. Hance Park in Phoenix, AZ. With your support, we were able to raise over $1,000 for the Sojourner Center, a domestic violence service organization in Phoenix that provides more than 10,000 individuals per year with emergency shelter, transitional housing and healthcare. We look forward to seeing you in Indianapolis next year at the PRIMA 2018 Annual Conference. Please contact our team of product experts if we can assist you in any way. Chris Golonka and Jim Marquis Euclid Public Sector, LLC Primary, Alternative Risk and Excess Follow form insurance and reinsurance program for the public sector. 630.981.7622 cgolonka@euclidps.com jmarquis@euclidps.com Daniel Aronowitz and…
