Peoples and Places
Cafferelli joins Aon Risk Solutions as managing director: Aon Risk Solutions announced that Joe Cafferelli joined the firm as managing director in the Phoenix office. In his new role, Cafferelli is responsible for business development and managing client services to answer the increased demand for risk counsel and insurance solutions in Arizona. Cafferelli is a proven business producer and will deliver distinctive value to Aon Risk Solutions' book of business by accessing the firm's global network of content and capabilities. Prior to joining Aon, Cafferelli was a senior vice president for 9 years with Willis.
Cubano joins Provider as personal lines account manager: Lynn Cubano has joined Provider Insurance as a new personal lines account manager. In this role, Cubano will be responsible for acquiring new clients and expanding existing client accounts in the personal lines division which includes managing auto, home and umbrella policies. Cubano brings more than 16 years of insurance experience to Provider specializing in customer service, quality control and the sale and underwriting of all property and casualty insurance to current, new and prospective clients.
Erickson joins PMA as account executive: PMA Management Corp. announced that Krystal Erickson has joined the organization as account executive for Florida. Erickson will be responsible for growing PMA Management Corp.'s workers' compensation, commercial auto and general liability Third Party Claims Administration (TPA) business, as well as its unbundled risk control services, in Florida.
CPCU Society names Wilson 2010 George M. Gottheimer Memorial Award recipient: The Independent Insurance Agents & Brokers of America (IIABA) has announced that Bill Wilson, associate vice president of education and research and IIABA Virtual University director, is the Chartered Property Casualty Underwriters (CPCU) Society's 2010 George M. Gottheimer Memorial Award recipient. The award was presented by the CPCU Society Consulting, Litigation & Expert Witness Interest Group and is bestowed annually to a CPCU Society member who has made an outstanding contribution to the field of insurance education, risk management or insurance consulting. Wilson is the former director of education and technical affairs for the Insurers of Tennessee and was a licensed insurance and surplus lines agent.
GTCR forms Assured Agencies: GTCR, a leading private equity firm, has entered into a partnership with Jim Henderson and Tom Riley to form Assured Agencies (Assured). The new company, headquartered in Lake Mary, Fla., will focus on building a leading middle market insurance brokerage firm. GTCR, the firm that pioneered the Leaders Strategy of partnering with proven executives in growing industries to create market-leading companies, plans to invest up to $250 million of equity capital to support the strategy. Henderson, a 35-year insurance industry veteran, was formerly vice chairman and COO of Brown & Brown, where he executed numerous acquisitions and had operating responsibilities over various business segments. Henderson will serve as CEO, and Riley will join Assured as COO and president. Riley spent 21 years at Brown & Brown, where he was most recently regional president and CAO.
WSS promotes four regional presidents and territory managers: Western Security Surplus Insurance Brokers Inc. and West-Pro Insurance Services has promoted four employees to regional president/territorial manager, and will oversee one of the four newly designated regional offices. The headquarters will remain in Pasadena, with the MGA division – West-Pro Insurance Services – in Plano, Texas. An additional California location in Orange County will soon follow the current WSS offices in Pasadena/Los Angeles, Roseville/Sacramento and Plano/Dallas, Texas; with additional offices planned for South Texas and the South East region. Andrea Zenner has been with WSS since 1988 and is currently the Pasadena branch manager. Her territory will be Los Angeles, Santa Barbara, Ventura, San Luis Obispo and Kern counties. Wendy Clinton started with WSS in 1996 with the Pasadena office and has also worked in the Orange County office for several years. Her territory will include Orange, San Diego, Riverside, Imperial and San Bernardino counties. Barbara Carey began her career with WSS in 2003, and has more than 20 years experience serving the retailers in Northern California. Her territory will include all counties north of Inyo, Tulare, Kings and Monterey counties. Ron Klimek, vice president of marketing and business development, will oversee the territory in Texas and be directly involved in the expansion into the southern part of the state.
MOC promotes Angka and Perlite: MOC Insurance Services has promoted Carmina Angka to senior vice president and Paul Perlite to vice president. Angka joined MOC in 1995, previously worked as an underwriter for Zenith Insurance Co. and as a policy analyst for Industrial Indemnity. She oversees all services provided by the workers' compensation team at MOC and is a leader on MOC's executive group. Perlite joined MOC's real estate team in 2004 and was elevated to manager of this group in 2007. Prior to joining MOC, he was a claims manager at Nationwide Insurance.
Read on for new policy information from Schinnerer, Chubb, AAIS and NIP.
New Policies
Schinnerer offers new contractor and pollution liability policy: Victor O. Schinnerer has launched a new contractor professional liability and pollution liability policy form to meet their changing needs. Available to general, design-build and many types of specialty contractors, the new policy form offers expanded coverage and adds new coverage features. The new and expanded coverages include: rectification coverage; defendant's reimbursement coverage up to $10,000 per claim; expanded definition of professional services; ownership interest of 49 percent; proactive coverage for mold; automatic coverage for LEED consultants; no exclusion for asbestos, respirable dust or silica; coverage for punitive damages resulting from pollution liability; coverage for transportation pollution liability and non-owned site disposal. The new policy form is also available to current insureds by means of a mid-term enhanced endorsement.
Chubb Group launches new E&O and general liability insurance policies: Chubb Group offers new E&O and general liability insurance policies to address the complex and unique risks faced by life sciences companies. Chubb's Extended General Liability for Life Sciences policy offers three enhanced coverage triggers that extend the period when injury or damage can occur, in order to address the complex sequence of events and potentially long time frames between when a product is developed and when an insurance claim is filed. Chubb's INTegrity+ is a claims-made E&O policy that comes with endorsements and language tailored to the needs of life sciences companies. The endorsements can broaden or narrow insurance for performance delay, cost of contract and choice of counsel. Both new policies provide worldwide coverage and language that seamlessly dove-tail with Chubb and affiliate policies in other countries.
AAIS offers direct physical contact with canine or canines coverage: The American Assn. of Insurance Services (AAIS) is filing an endorsement under its Homeowners Program that excludes coverage for bodily injury, property damage (BI/PD) and medical payments arising from direct physical contact with a canine or canines identified in the endorsement. The endorsement must be signed by the named insured to acknowledge the limitation on coverage under the policy. Manual information that accompanies the endorsement advises program users about using distinguishing characteristics beyond the dog's name (which could be changed by the policyholder) to identify an animal definitively. In addition, AAIS is filing two canine exclusions under its Personal Umbrella Program (PUP): one excludes coverage entirely for BI/PD arising from direct physical contact with any canine, and the other excludes such coverage with an exception allowing coverage to the extent that such BI/PD is covered by underlying insurance (or would have been covered but for the exhaustion of its limits). The PUP exclusion with the exception is designed to correspond with the newly-filed Homeowners canine exclusion. If the AAIS Homeowners canine exclusion is included in the underlying insurance, the umbrella can still be written to respond to BI/PD claims from canines other than the one identified in the Homeowners endorsement schedule.
NIP Programs offers physician assistant professional liability coverage: NIP Programs has introduced MedEdge for physician assistants, a new personal, customizable and affordable professional liability coverage that protects, defends and rewards physician assistants. MedEdge features professional liability coverage that goes beyond traditional coverages currently offered, with additional AD&D, occupational incident Hepatitis C and HIV benefits included in most states. MedEdge protects physician assistants, acting as a personal advocate and fighting to protect their interests and careers with: their own personal coverage and dedicated policy limits; tools to lower risk, including a robust library of patient safety and risk management materials, guides and tools; a risk management team that is available to help when a situation arises; up-to-date information on new regulations, emerging trends and information to lower premiums over time; a cornerstone of coverage is how MedEdge defends physician assistants, vigorously protecting their professional reputations and livelihoods. Given the professional and personal challenges of malpractice claims, MedEdge claims experts are available to marshal all their resources, from initial notice to final resolution. MedEdge also rewards physician assistants with discounts for their safe track records and outstanding patient care.
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