OneBeacon Technology Expands Capabilities

OneBeacon Technology Insurance has expanded its capabilities by adding media liability and technology professional liability – and dedicated underwriters – to our product portfolio. These business lines were formerly part of our professional insurance division and now enable OneBeacon to offer a unified market with broadened technology solutions. This step also strengthens our service offerings, including cyber risk-assessment, credit monitoring and breach response providers supporting our insureds. To learn more, please feel free to contact Lloyd Takata at: ltakata@onebeacontech.com or David Molitano at: dmolitano@onebeacontech.com. You can also learn more about our expanded capabilities, including a complete look at our industry solutions, products and coverages at: onebeacontech.com.

Hurricane Season Preparation Tips from NMU

As the warmer weather settles in, those who enjoy boating may be excited to get back out on the water. But whether you’re a captain or a passenger, remember that hurricane season is just around the corner.

With the potential of severe weather ahead, our experts at National Marine Underwriters (NMU) offer tips and resources to help prepare and protect your vessel. Read the full article>>

OneBeacon’s Stacy Paquet to be Advisen Panelist: May 19

Stacy Paquet, Senior Vice President of OneBeacon Management Liability, will participate as a panelist at the upcoming Advisen Insights Conference in Chicago on May 19.

Paquet’s session, “Emerging Trends in Employment Practices Liability Insurance,” will look into a variety of topics, including which states are driving EPLI developments, where the EEOC may turn next, and what defines a protected class.

The session will take place at Chicago’s Hotel Allegro on Tuesday May 19 from 11:00-11:45 a.m. (Central time).  For more information on the conference, please visit the event website at http://www.advisenltd.com/events/conferences/

Community Giving Look-Back

At OneBeacon, we are pleased to support those nonprofits that matter most to our employees and producer partners through our Charitable Trust. We also support education in the form of 16 college scholarships awarded annually, and by funding several risk-management scholarships at colleges offering such programs.  We invite you to review our year of giving as documented in our 2014 Charitable Trust Annual Report that is now available on our website. Printed copies may be obtained by contacting us at charitabletrust@onebeacon.com. We are very proud of our community’s demonstrated practice of giving back. As we like to say, “Way to give!”

OneBeacon’s Craig Collins to Present on Cyber Liability: May 5

OneBeacon Financial Services’ President Craig Collins will present at the Bank Holding Company Association’s spring seminar on Tuesday, May 5. Providing information and networking opportunities for members of bank holding companies, the two-day seminar will take place at the Minneapolis Marriott Hotel in Bloomington, Minn.

Collins seminar, titled “Cyber-liability – How to mitigate the risk,” will take place at 10:50 a.m. and again at 11:30 a.m. For more information, please visit http://thebhca.org/Spring-Seminar-Agenda.

New Life of the Clinical Trial product now available

We are pleased to announce a new “Life of the clinical trial” product that extends clinical trials coverage through our customized products-completed operations policy form for the duration of each protocol period. This innovative approach will enable clinical trial policyholders to seamlessly obtain coverage for the complete protocol period, instead of through sequential 12-month policies. Our tailored protection and services target clinical trials throughout North America, with the ability (or option) to offerworldwide coverage for suits and occurrences in the United States or Canada.

Coverages include:

  • Pure claims-made coverage
  • Products used in human clinical trials
  • Warranties or representations
  • Failure to provide directions, instructions or warnings
  • Products loaned or rented to others
  • Clear related claims language to ensure continuity of coverage

This product is exclusively available through our affiliation with R-T Specialty, LLC. To learn more about this opportunity, please contact your local RT Specialty life science broker or email RT Specialty at lifescience@rtspecialty.com.

Additionally, you may contact Todd Lauer – OneBeacon Technology Insurance at 312.821.4742 or tlauer@onebeacontech.com

OneBeacon’s Patty Hughes Discusses Telemedicine Risks

A conversation with our insureds often begins with them asking, “Am I covered if…?” As an insurance carrier Risk Manager, I’m happy that they’re asking (and I’m really happy if it turns out they are asking before starting the business, practice, procedure or service that prompts the question). The question gives us all an opportunity to refocus on applying the risk management process to identify, analyze, treat and then re-evaluate the risk.

Increasingly, these types of questions among healthcare providers are related to some kind of telemedicine service or activity, and they are interesting questions.

The applications for telemedicine are growing exponentially (as is the variety of providers), much as TV and microwaves caught fire decades ago (figuratively, not literally, although hazards are also a domain of risk management). Why the surge in interest?

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OneBeacon Technology’s John Wurzler Facilitating Panel at Cyber Liabilities Summit

If you’re attending the 4th Annual Cyber Liabilities Insurance ExecuSummit, consider attending the session titled “Cyber Liability Underwriting, Coverage Issues” that will be moderated by OneBeacon Technology President John Wurzler. This educational event targets cyber liability insurance professionals. The conference runs April 21-22 in Uncascville, CT. For event details, visit the conference website

Illinois State Disaster Declaration: DeKalb and Ogle Counties

The severe weather system that moved through Illinois April 9, 2015 prompted Illinois Governor Bruce Rauner to declare DeKalb and Ogle counties state disaster areas.  In light of Governor Rauner’s declaration, the Illinois Department of Insurance (DOI) issued Company Bulletin 2015-08 to provide certain safeguards to consumers impacted by the April 9, 2015 severe weather.  OneBeacon policyholders impacted by these storms should contact their insurance agent or broker.  Policyholders can reach OneBeacon by email, fax or telephone:

OneBeacon policyholders may contact the Illinois Department of Insurance to file a complaint regarding any disaster-related dispute or issue at 1-866-445-5364 or online at http://insurance.illinois.gov/Home/ComplaintLinks.asp.