OneBeacon Management Liability Announces New Policy Forms

Our Management Liability team is excited to announce that new primary policy forms are now available, providing up-to-date coverages including new offerings for employed lawyers professional liability and cyber liability for a broad range of organizations. The modular policy approach is designed to help minimize gaps in coverage while providing the flexibility to design a comprehensive program tailed or meet clients’ organizational needs.

Three distinct modular policies designed for the unique needs of each segment:

We offer modular policies that include coverage options for:

  • Directors, officers and organization liability (D&O)
  • Employment practices liability (EPL)
  • Fiduciary liability (FLI)
  • Crime coverage (Crime)
  • Employed lawyers professional liability (ELPL) – new offering
  • Information Risk and Recovery™ (IRR or cyber liability) – new offering

Key features and highlights include:

  • Convenient single application for all coverages
  • Coverages can be packaged together or sold separately
  • Options for separate limits or shared limits for the liability coverage sections
  • Type of claim defense – duty to defend or reimbursement – is selectable on the declarations page
  • Innovative and broad coverage enhancements
  • EPL Risk management program offered in partnership with Jackson Lewis

Visit onebeaconml.com for applications and policy forms for these new products.

 

 

OneBeacon Entertainment Launches Redesigned Website

OneBeacon Entertainment is pleased to announce its newly redesigned website www.onebeaconentertainment.com.

We’ve given the site a fresh, new look while maintaining easy access to information about products and services, downloadable forms and applications and updates on company news and events.

Additionally, get a free, online quote for our Tenant Users Liability Insurance Policy (TULIP). Coverage is available for a large variety of events from weddings and seminars to sporting events and concerts.

Check out the site and see what you think!

OneBeacon Awards Sixteen College Scholarships

blog_scholarship_programWe are excited to announce the winners of this year’s annual college scholarship program!  For the 15th consecutive year, OneBeacon has awarded $2,000 scholarships to 16 high-school seniors. Eight of these awards were given to our producers’ children, while the other eight were given to the children of OneBeacon employees.

The winning recipients were selected based on criteria including their academic performance, leadership roles and participation in school, as well as community activities. The program is administered by Scholarship Management Services®, a nonprofit scholarship program administrator, and funded by our Charitable Trust.

View the list of winners in our news release>>

Accident & Health Attending HCAA TPA Summit This Week

OneBeacon Accident & Health’s Christy Vago and Lynn Faria are in Minneapolis this week for the Health Care Administrators Association (HCAA) TPA Summit. Attended by hundreds of leaders in the self-funded and benefits industries, this annual event focuses on the benefit and process needs of these unique groups. Over the course of two and a half days, educational break-out sessions focusing on leadership, sales and marketing, operations and more are offered. Attendees also have the opportunity to hear from a number of industry experts. Christy and Lynn look forward to attending this summit, connecting with colleagues and hearing more about this continuously evolving market.

 

Tips for a Safe & Happy Independence Day

Independence Day, or the Fourth of July is an opportunity to celebrate with family, friends and the community. Preferably, outside grilling, swimming, watching fireworks and other popular activities traditional to the holiday. But in order to have that fun-filled day, it’s important to stay safe. Accident-free holidays are the best holidays!

If you’re planning to make a splash at a private or public pool or the beach this holiday, review these tips from the American Red Cross on water safety.  Primarily, they encourage swimmers to be water competent—know that the ocean, lakes and rivers are much different environments from pools. If you aren’t a strong swimmer, these tips may be helpful for preparing. They’re also a great resource for parents with children.

If you are hosting or partaking in a classic Fourth of July barbeque, it’s important to make sure the food you’re serving or bringing is well prepared and ready to eat. FoodSafety.gov provides helpful information to make sure any meats are cooked safely, and how to wash vegetables appropriately.

To end the day, fireworks displays are a must for many people. While fireworks are a fun and thrilling activity, they are dangerous if the proper precautions aren’t taken. USA.gov provides helpful safety information. Importantly, remember to make sure fireworks are legal in your community before buying or using them. Even if your state allows fireworks, that doesn’t mean that your county, town, or city permit their use.

We hope you have a safe and fun Fourth of July!

fireworks

2018 Hurricane Season

As we near the official start of summer, it’s also the start of the Atlantic hurricane season, which runs June through November. Last year the United States and its territories saw major devastation, as hurricanes Harvey, Irma, Jose and Maria blew through and made landfall.

This month’s boating tip from National Marine Underwriters and International Marine Underwriters provides a forecast from the Insurance Industry Institution (I.I.I.) into the 2018 hurricane season, in addition to statistics from past hurricane seasons. Read the full article here, and visit nmu.com and imu.com for more tips and insights.

Charles Brindamour on Glassdoor’s annual list of favorite Canadian CEOs

Glassdoor, a popular recruiting and employer review website, recently announced its annual top 25 most liked CEOs in Canada.  We’re pleased to say that Charles Brindamour, CEO of Intact, was named on the list.

According to the website, the list is compiled through a proprietary algorithm that generates an “approval rating.” Employee reviews and ratings factor into the overall approval percentage. Charles received an approval rating of 91 percent.

Click through to read the full article>>

Claims Team Members Are at the E&O Insurance ExecuSummit This Week!

This week, claims representatives from two OneBeacon businesses are part of panel discussions at the 12th Annual E&O Insurance ExecuSummit taking place in Uncasville, CT.

Later today, Clyde Haig of OneBeacon Healthcare Group will participate on a panel titled, “The Weird, Wacky and Wonderful: Special Problems in E&O Claim Settlements.” This panel will focus on issues that can arise during claim settlements such as such as consent to settlement issues, problems unique to mediations, direct negotiations between plaintiff and the adjuster, drop down agreements and more.

Then on Tuesday, Financial Institutions’ Marty Coomber will join a panel discussion titled, “Claims and Defense Strategies for Handling Insurance Agents and Brokers E&O Litigation Issues Relating to Standard of Care, Twisting/Churning and Replacement of Policies.” The presentation will focus on what these terms mean, how regulations may vary by state and managing relationships during contentious times.

The E&O ExecuSummit is an educational event specifically designed for E&O professionals to provoke strategic thinking, open new channels of information and provide opportunities to meet and exchange ideas with industry colleagues.

OneBeacon Surety Group Announces U.S. Leadership Appointments, Expanded Capacity

OneBeacon Surety Group today announced changes to the roles and responsibilities of members of its U.S. leadership team. In addition, it is now offering up to $250,000,000 in aggregate surety bond capacity for qualifying clients

Building upon his 25 years of Surety industry experience and his strong leadership of OneBeacon Surety Group, Chad Anderson has been named Head of North American Surety. Chad will lead Surety teams across the U.S. and Canada, who will continue to operate in their local markets as OneBeacon and Intact Insurance, respectively.

Additionally, John Guglielmo has been appointed Head of U.S. Commercial Surety and Michael Seff has been appointed Chief Underwriting Officer for Commercial Surety in North America. Both will continue reporting directly to Mr. Anderson.

Read the full announcement on onebeaconsurety.com.