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Social Inflation: Defining and Mitigating an Emerging Risk

Considered a significant emerging risk for the insurance industry, social inflation refers to the trend of rising insurance costs resulting from increased litigation, plaintiff-friendly judgements and higher jury awards, which are ultimately fueled by social trends.1 Specifically, anti-corporate sentiment and significantly increased jury awards against corporate policyholders (i.e. “nuclear verdicts”). More broadly, social inflation is the term used to describe growth in liability risks and costs related to litigation trends.2 In 2019, there were 74 class action settlements totaling $2 billion and four mega-settlements greater than $100 million, representing 45% of all settlement dollars …

https://www.epicbrokers.com/insights/social-inflation-defining-and-mitigating-an-emerging-risk/

OSHA 300 Recordkeeping Webinar Recordings Available

Webinar Recordings Now Available EPIC hosted an OSHA Recordkeeping Overview, followed by a Deep Dive into Common Recordkeeping Errors and Misunderstandings Put your best foot forward in 2021 by catching up on critical OSHA recordkeeping information. Watch our recordings to ensure you’re fulfilling all OSHA recordkeeping obligations. Part 1: OSHA Recordkeeping Overview This webinar covers applicability, Forms 300, 300A, 301, the definition of first aid, recordable, restricted duty, day away from work, and death, along with counting days, and the posting and submittal of recordkeeping information. Download the Presentation Watch Recording Part 2: Common Errors and Misunderstandings This webinar …

https://www.epicbrokers.com/insights/osha-300-recordkeeping-webinar/

Covering Coronavirus: Risk Considerations Volume 2, Issue 2

EPIC Risk Advisory Bulletin Volume 2, Issue 2 In this issue, we take a focused look at: Supply Chain and Business Risks Restoring Travel in 2021 Prioritizing Vaccinations for Trucking Workforce Driver Safety Recommendations Insurance Products and Coverage Information Business Interruption Update Presumptive Compensability Update News of Note Human Resources and Employee Benefits Preparing for Cal-OSHA’s Required CPP Coronavirus Vaccine Considerations for Employers DOL Issues Opinion Letters Re. Pay Calculations OSHA Announces Coronavirus-Related Fines OSHA Reporting Deadline is Approaching Insights from Across the Firm The information presented here is intended to provide a high level overview of …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-2-issue-2/

Covering Coronavirus: Risk Considerations Volume 2, Issue 1

EPIC Risk Advisory Bulletin Volume 2, Issue 1 In this issue, we take a focused look at: Special Introduction: A Look Back at the Pandemic Supply Chain and Business Risks FMCSA Extends CDL Waiver Period Through February New Coronavirus Aid Bill Highlights SolarWinds Hack Reveals Need to Review Cyber Cover Insurance Products and Coverage Information State of Entertainment Industry Business Interruption Update Presumptive Compensability Update News of Note Human Resources and Employee Benefits Webinar: Cal-OSHA Coronavirus Preparation Program What Will Work Look Like in 2021? How Vaccine Rollout Could Impact the U.S. Workforce Insights from Across the Firm …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-2-issue-1/

EPIC Announces Additions to National Private Client Practice

… accomplished team, our clients will benefit from the experience, insight and attention to detail of professionals who are singularly focused on expanding our valuable asset protection services to highly successful individuals and their families,” said Tim Brenneman, President of the EPIC Private Client Practice. Petterson brings decades of experience providing risk management and tailored service to highly successful individuals and their families. After working for 15 years as a top-performing Vice President for Marsh & McLennan Companies, Petterson founded the Seeman Holtz Private Client Group. In less than two years, he grew it to become a Cornerstone Agency with Chubb …

https://www.epicbrokers.com/insights/epic-announces-additions-national-private-client-practice/

Covering Coronavirus: Risk Considerations Volume 1, Issue 29

EPIC Risk Advisory Bulletin Volume 1, Issue 29 In this issue, we take a focused look at: Supply Chain and Business Risks How Will Supply Chains Respond to Vaccine Distribution? Equipment Maintenance Program Creates Savings for Hospitals Insurance Products and Coverage Information Business Interruption Update More D&O Liability Suits Stem From Coronavirus Claims Presumptive Compensability Update News of Note Human Resources and Employee Benefits Webinar: Cal-OSHA Coronavirus Preparation Program Webinar: How to Prepare for AB 685 IRS Issues Final Rule on Commuter Benefits CDC Guidelines for Parents & Caregivers Cal/OSHA Emergency Regulation Now in Effect Holiday Safety Guidelines …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-29/

Covering Coronavirus: Risk Considerations Volume 1, Issue 28

EPIC Risk Advisory Bulletin Volume 1, Issue 28 In this issue, we take a focused look at: Supply Chain and Business Risks Calculating the Economic Impact of Coronavirus Closure Orders Future of Business Travel and Commuting FMCSA Extends and Expands Emergency Declaration Insurance Products and Coverage Information Entertainment Insurance Market Update Builders Risk Marketplace Update Possible Migration to Exchanges for Healthcare Business Interruption Update – PRIA and More Litigation Presumptive Compensability Update News of Note Human Resources and Employee Benefits OSHA Issues More Fines Cal OSHA Adopts Emergency Temporary Standard for Coronavirus CDC Revises Quarantine Recommendations CDC Guidelines for Celebrating the …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-28/

Galway Insurance Holdings Secures Majority Interest from Harvest Partners

… within insurance distribution. This recapitalization provides us with the ability to be opportunistic in today’s market; to grow and expand each of Galway’s related specialty strategies around retail brokerage, risk management, wholesale brokerage, program administration and underwriting management.” EPIC CEO, Steve Denton said, “The addition of Harvest Partners and the ongoing commitment of both Oak Hill and Carlyle allows our retail platform to continue our exponential growth in all aspects of our business which now includes comprehensive, nationwide solutions across industry focused practices in employee benefits and property & casualty along with dedicated resources in areas like risk management,

https://www.epicbrokers.com/insights/galway-insurance-holdings-secures-majority-interest-from-harvest-partners/