When an insured files a claim, they may often count on their agent or broker to manage the situation. OneBeacon Government Risks’ Sarah Schmitz provides tips on how to ensure your client relationships aren’t affected when something goes wrong. Read her full article, featured in IA Magazine.
For the 15th consecutive year, we will be awarding 16 college scholarships for the upcoming academic year to high-school seniors funded through the OneBeacon Charitable Trust. Eight of these $2,000 awards will be available to the children of the brokers, agencies and wholesalers doing business with OneBeacon. The remaining eight awards will be available to children of OneBeacon employees.
Applying is easy—simply complete the online application by April 16. If you have any questions, please contact our scholarship program administrator, Scholarship Management Services at 507.931.1682.
Scholarship recipients will be announced in early June, and the awards will apply toward the 2018-2019 academic year. Best of luck to the Class of 2018!
In this article written by OneBeacon Government Risks’ Joe Garcia, he highlights the importance of fleet safety policies, and how every community emergency department should place significant emphasis on their policies. Expect the unexpected while heading to the emergency scene, because accidents happen. Read the full article here, which was published in this month’s issue of PRIMA.
OneBeacon Financial Services’ Tammy Placzek and Dave Neumann are in Wichita this week for the Kansas Bankers Association 2018 Bank Technology Conference & Showcase. This conference is designed to help banks lead and manage their technology efforts, and provides a great opportunity to connect with members of the banking community. Tammy and Dave are exhibiting at booth 49, and look forward to talking about your insurance needs.
It’s February! And that means Insurance Careers Month has officially begun. This initiative aims to collaborate with the industry’s community to raise awareness and inspire young professionals to choose insurance as a career. All month long, we’ll be sharing our experiences working in the insurance industry, and posting Insurance Careers content to our social media.
To learn more about this movement, visit their website and find out how you can get involved!
The 2018 PLUS D&O Symposium begins today in New York City. This event brings together industry thought leaders who will discuss the issues impacting the D&O insurance marketplace today, and what can be expected in the coming years. Members of the OneBeacon Management Liability team will be there, and look forward to the educational sessions, as well as connecting with colleagues. We hope to see you there!
The American Bankers Association (ABA) Insurance Risk Management Forum is taking place this week in Austin, TX. This conference is designed specifically for members of the financial services risk management community to help them better understand the challenges the banking industry faces, and how to meet those challenges head on.
OneBeacon Financial Services’ Craig Collins and Gary Tannenbaum are attending this week, and looking forward to the learning and networking opportunities. We hope to see you there!
Due to the winter storm throughout the North East today, several of our offices will be closed including:
- Connecticut- Farmington office
- Massachusetts- Boston, Canton and Quincy offices
- New Jersey- Holmdel office and Morristown
- New York- New York City office
Employees able to work from home should be reachable by phone and email. All offices are anticipated to be open for business as usual tomorrow, Friday, January 5.
Recently, our OneBeacon Government Risks team attended, sponsored and exhibited at the PRIMA conference in Baton Rouge, Louisiana. Joe Garcia, Risk Management Specialist, also presented one of the sessions during the conference “Drone Fever—How to Treat It.” Drones have increasingly become a hot topic. During Joe’s session, he discussed the types of drones, how they’re used and how to implement the usage of drones into communities. It was a great opportunity for the team to network with their agents and clients.
Wondering what the average cost of a breach incident was this year? Or which industry was the most affected by cyber events? We’re pleased to share the 2017 Cyber Claims Study authored by NetDiligence.
The 2017 Cyber Claims Study is pivotal with extensive data-driven analysis distilled and modeled in three distinct measures: numbers of records, costs of breached, and per record costs. Notable in this year’s study, we have contrasted and compared datasets aggregated over the last four years.
The data graphics provided distinguish the rich and complex statistical material, successfully organizing a large collection of numbers and making comparisons between different parts of the data narrative.
In coming years, we will closely follow costs associated with exposures for companies that have a presence in the EU. The General Data Protection Regulation (GDPR) goes into effect in May 2018. This regulation applies to all EU member countries and companies based in those countries and any non-EU companies that process the data of EU citizens. The maximum fines for lack of compliance could be enormous—up to 4% of overall turnover/revenues or €20M, whichever is greater.
To download this whitepaper and to review our technology and life science library of whitepapers, visit our website resource library.