OneBeacon for One Fund

In response to the recent Boston Marathon bombings, Boston Mayor Tom Menino and Massachusetts Governor Deval Patrick established The One Fund to collect donations for the families and businesses directly impacted by this tragedy. Their goal was simple – by very quickly creating this entity, the community could focus all contributions to a single organization. In fact, that’s why the name “The One Fund” was selected.

Like many groups in Greater Boston, the local OneBeacon teams decided to organize a fund raiser to support The One Fund. A raffle featuring over 20 themed baskets donated by various departments was held in our Canton, Mass. office on May 1^st and raised close to $6,000. This generous contribution was augmented by donations from employees across the company and enhanced by a nice contribution from the OneBeacon Charitable Trust. Overall, the OneBeacon community was able to donate $35,000 to The One Fund.

To date, The One Fund has collected over $34 million, which is an incredible testament to the generosity of Greater Boston and beyond. We are proud to be among this group, coming together to support One Fund.

Attending EDS (where the electronics industry connects)?

If you happen to be in Las Vegas and you focus on electronics, we bet you’re attending EDS at The Cosmopolitan! EDS is the premier annual event for the international electronics industry. As a technology insurance specialist, we’re excited to be there, too! Come visit us at Booth #8215 and click here for more information on this event.

Keep Boston in Your Thoughts

No matter where you were yesterday afternoon, in a heartbeat, we all became Bostonians. The irony of tragedy at the finish line of an event that is all about endurance and the strength of the human spirit is lost on none of us. For us at OneBeacon, the shock was a little closer to home as we trace our origins to Boston, and our namesake Beacon Street is one of the avenues hosting the annual Patriot’s Day race.

Fortunately, everyone from the OneBeacon community is safe, but we are all greatly saddened by such an inexplicable event. Please join us in keeping the families of those affected in your thoughts and prayers, and helping Boston through this most difficult of times.

OBPI attends CLM Annual Conference

If you will be attending the Claims and Litigation Management Alliance (CLM) conference on April 10-12,  in San Antonio, Texas, don’t miss out on your chance to hear from OneBeacon Professional Insurance.  Both Derek Steffen, Assistant Vice President of Design Professional Liability Claims, and Dennis Galvin, Vice President for Lawyers Professional and Real Estate Professional Liability Claims will be presenting at the conference.  Check out the details of their presentations below:

Steffen’s session will discuss various issues facing policyholders and their attorneys related to contractual indemnity, including the potential impact of contractual indemnification on the management of liability claims. Steffen’s session will begin at 11:30 A.M.CST on April 11.

Galvin’s presentation is titled “The Economic Recession and Damages: A Review of How Professional Liability Defense Attorneys Are Using The Economic Collapse To Undermine Damages Claims And Theories.” The session will be held on on April 12^th at 3:25.

OneBeacon Scholarships: April 15th Deadline Approaching!

Attention all OneBeacon employees and producers: if you have a college-bound student at home, don’t forget to take advantage of our scholarship program! Participation is easy: simply download the online application and the 2013 program brochure for further details. Applications and a complete transcript must be submitted and postmarked no later than April 15, 2013 to this address:

 

OneBeacon Insurance Scholarship Program

Scholarship Management Services

One Scholarship Way

Saint Peter, MN  56082

 

Final decisions for scholarships will be announced in early June. Please refer any questions to our program administrator, Scholarship Management Services, at 507.931.1682. The program is funded by the OneBeacon Charitable Trust.

On behalf of everyone at OneBeacon, congratulations to the Class of 2013!

OBPI’s Hughes Will Speak At 2013 PLUS Conference

Will you be at the Professional Liability Underwriting Society (PLUS) Medical Professional Liability Symposium on April 11? So will we! Patricia Hughes, Vice President of Health Care Risk Management at OneBeacon Professional Insurance will participate as a panelist at the conference, taking place at the Hyatt Regency Chicago in Chicago, IL.

Hughes will join two other industry professionals to lead a panel entitled “Credentialing in the World of ACOs.” The session will discuss the impact of health care reform on the credentialing process in accountable care organizations, especially with regard to enterprise risk management. The panel will be held from 8:45-10:00 a.m. CDT.

For more information on the PLUS Medical Professional Liability Symposium, or to register for the event, visit the conference website at: www.plusweb.org/event/MPL2013.

Tenth Annual OneBeacon College Scholarship Program

We are pleased to announce that the OneBeacon Scholarship program has just released its application for 2013! If you’re a OneBeacon employee or work for an insurance agency/broker/wholesaler that represents OneBeacon—and have a high-school senior at home—read on!

Sixteen deserving members of the class of 2012 will receive a $2,000 scholarship, which is funded by the OneBeacon Charitable Trust. Eight scholarships will be awarded to OneBeacon employees’ children, and another eight will be granted to our producers’ children. For detailed information about the scholarship program, including eligibility requirements, please review the brochure.  Winners will be announced in early June.

Applications, along with a complete grade transcript should be postmarked no later than April 15, 2013, and sent to:

OneBeacon Insurance Scholarship Program
Scholarship Management Services
One Scholarship Way
Saint Peter,MN56082

On behalf of everyone at OneBeacon, best of luck to the Class of 2013!

OBGR’s Molenaar To Speak at Illinois Rural Water Association’s Annual Conference

Dennis Molenaar, Vice President of Risk Control at OneBeacon Government Risks (OBGR), will present at the Illinois Rural Water Association (IRWA) conference this Wednesday, February 20.  The conference will be held at the Keller Convention Center & Hotel in Effingham, IL.

Molenaar’s session, titled ‘Making Risk Management Work For You’, will discuss updates to traditional risk management techniques and provide insight into how water districts can mitigate their risk. If you will be at the conference, you can catch Dennis’ session  at 1 p.m. CT.

 

Advisen Executive Interview with OBPI’s Paul Romano

OneBeacon Professional Insurance’s Paul Romano was recently interviewed by Advisen regarding how technology is transforming specialty insurance- ranging from systems to facilitate interactions with brokers and agents, to using Big Data and predictive analytics to improve underwriting decision making, to the ways smartphones and tablets are changing the ways business people interact.

Check out the interview and report here>>

2012 Specialty Insurance Market Review

Have you been wondering how hurricanes, the economy, a presidential election, regulatory enforcement activities and all the other major events of 2012 have impacted the Specialty Insurance market? A recently released Advisen special report, sponsored by OneBeacon Professional Insurance, has all the answers and more.  Find out how events that happened last year will shape the market this year, and beyond.

The Specialty Insurance Market In Review: 2012 Events That Will Shape The Market in 2013 and Beyond.  Read the full report>>