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EPIC Team Members Join Class of 2023 Power Brokers

… McGrade, Perricone, and Rist were among thousands of applicants reviewed by the Risk & Insurance editorial team, ultimately earning this distinction on the strength of testimonials from their clients. That’s what makes Power Broker so special, it’s about the individual and their contribution to helping customers create and execute risk mitigation strategies. “Karen, Tom, Patrick, Vinny, and Matthew deserve recognition for the positive impact they have made in the lives of their clients,” said Crawford McInnis, Chief Sales Officer at EPIC. “Their professionalism, and the outcomes of the risk mitigation strategies show the caliber of talent at EPIC.” Get …

https://www.epicbrokers.com/insights/epic-team-members-2023-power-brokers/

EPIC Launches New Cybersecurity Solutions to California Water-Related Agencies

… White House released a statement in March 2023 detailing the complex threat that water utilities face from cyber breaches and emphasizing the need for software products and services to promote secure development practices. Recognizing this need in 2021, David McNeil, Principal with EPIC Insurance Brokers & Consultants partnered with Allied Public Risk, LLC (APR), Alvaka Networks, CalMutuals JPRIMA and Lloyd’s of London. They worked for two years developing a customized cyber program for water utilities and water-related agencies seeking cyber coverage. The new product launch was announced this week by Alvaka Networks and CalMutuals JPRIMA. “I am thrilled to …

https://www.epicbrokers.com/insights/new-water-utility-cybersecurity-program/

EPIC Welcomes Joe Breakfield

Breakfield Joins the Southern California Region as Senior Vice President EPIC is excited to announce that Joe Breakfield has joined the firm as a Senior Vice President. Breakfield brings more than 50 years of experience as a client advocate, leading teams of professionals in managing insurance programs for financial, manufacturing, distribution, service, entertainment, publishing, transportation, retail, and real estate fields. He has extensive experience controlling costs and protecting the assets of middle market and Fortune 1000 companies through cost-effective and comprehensive property/casualty insurance and risk management programs. Breakfield joins EPIC Insurance Brokers & Consultants from Willis Tower Watson Insurance …

https://www.epicbrokers.com/insights/epic-welcomes-joe-breakfield/

Harvard’s Lawsuit Against Zurich

BY NATALIA M. GREENE, ESQ., CFE, SENIOR VICE PRESIDENT RISK MANAGEMENT A Painful Lesson Regarding Untimely Reporting and How You Can Avoid It As Harvard’s recent legal challenges to its admissions criteria head to the Supreme Court, it is vital that insureds learn from Harvard’s concurrent insurance coverage case, which highlights the importance of timely reporting to all potentially impacted insurers and the consequences borne by Harvard for its failure to do so.[1] By 2021, Harvard exhausted its $25-million primary liability insurance policy limit after years of litigating and defending the alleged discrimination lawsuit filed in …

https://www.epicbrokers.com/insights/harvards-lawsuit-against-zurich/

EPIC Welcomes Peter Schmitz

… in private and commercial flight create new priorities for the aviation industry. Schmitz’s leadership will support EPIC’s comprehensive, tailored risk management programs for aviators in a broad variety of sectors, including corporate and charter aircraft, FBOs, and regional airlines. Schmitz’s track record of market strategy, P&L management, and direction of cross-functional teams will complement the integrated, comprehensive services of EPIC’s aviation practice. “We couldn’t be more proud to have aligned with Pete to help support the aviation needs of our clients and the overall risk management practice of EPIC as we continue to …

https://www.epicbrokers.com/insights/epic-welcomes-peter-schmitz/

Senior Care Insurance Market Update

A Disorganized Market Cycle Overview Leading up to 2020, the senior care professional liability insurance market was already hardening due to deteriorating loss trends and multiple carriers exiting the market. As COVID-19 struck this vulnerable population, the capacity in the market was heavily strained as pandemic exclusions and 50-100%+ rate increases became the standard of the limited carriers that continued to write business throughout the pandemic waves. This difficult trend continued through the end of 2021. At the beginning of 2022, there were multiple new or returning entrants to the market, new Risk Retention Groups (RRG) formed, and …

https://www.epicbrokers.com/insights/senior-care-insurance-market-update/

EPIC Welcomes Natalie Bailey

Bailey Further Expands Texas P&C Practice EPIC is thrilled to announce that Natalie Bailey has joined the firm as a Principal within our growing P&C team in Houston. In her new role with EPIC, Bailey will be a trusted advisor to individuals, families, business owners and executives to develop competitive and efficient insurance solutions. Bailey joins EPIC from Risk Strategies Company, serving as the Vice President since November 2020. Throughout Bailey’s 13-year career, she has remained committed to serving and empowering her clients by carefully assessing their needs. “We are excited to have Natalie join the …

https://www.epicbrokers.com/insights/epic-welcomes-natalie-bailey/

EPIC Welcomes Bri Grill

… prospective clients in the trucking and auto dealer industries. We are excited to have Bri as a part of one of the fasting-growing segments of our business in the Northeast,” said Mark Fitzgerald, Northeast Regional Sales Leader. Bri also brings a unique level of experience to start-ups, notably subscription services and the gig economy. Working on the unique risk in this area, she customizes policies specialized to the client’s needs and designs programs for clients looking to enter this space. Bri is based in EPIC’s Melville, New York office. Learn more about our Auto Dealer Practice.

https://www.epicbrokers.com/insights/epic-welcomes-bri-grill/