SEARCH

Showing 573 results found

Oak Hill Capital and The Carlyle Group Announce Formation of Galway Insurance Holdings

Investment firms Oak Hill Capital (Oak Hill) and The Carlyle Group (Carlyle) today announced the formation of Galway Insurance Holdings, a new holding company. Galway launches a new diversified brokerage distribution and underwriting platform on behalf of the Private Equity owners and their respective management teams and employee stakeholders. The foundation of the investment is via Oak Hill’s contribution of #14 ranked retail broker in the US, EPIC Brokers and Consultants into Galway, while Carlyle will contribute Specialty Distribution aggregator #8 ranked JenCap Holdings, a portfolio company of Carlyle Global Financial Services Partners II. The strategy is further amplified …

https://www.epicbrokers.com/insights/oak-hill-capital-the-carlyle-group-announce-formation-galway-insurance-holdings/

Covering Coronavirus: Risk Considerations Volume 1, Issue 16

… The best sources overall for timely information on the coronavirus pandemic remain the Centers for Disease Control (CDC), the World Health Organization (WHO) and Occupational Safety and Health Administration (OSHA). EPIC continues to compile resources to aid in understanding the impact of the pandemic on employers, their workforces and the management of risk. Supply Chain & Business Risks FMCSA Extends and Modifies Emergency Declaration The Federal Motor Carrier Safety Administration (FMCSA) has extended its emergency exemption for Commercial Motor Vehicle drivers assisting with coronavirus relief efforts. The extension is effective June 15 and expires on July 14. The scope of the …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-16/

Cost Modeling Projections

Introduction The cost impact to the U.S. healthcare system by the COVID-19 pandemic has been estimated by reputable studies in a range of 6%-15% of U.S. healthcare spend in 2020. These studies are of special interest to self-insured employers, health plans, and reinsurers for pricing and planning purposes. An important feature of these models is that they do not attempt to quantify the behavioral changes of beneficiaries who are unable or unwilling to seek care during times of social distancing and hospital resource scarcity. EPIC calculates that in 2020, COVID costs for the U.S …

https://www.epicbrokers.com/insights/cost-modeling-projections/

How Will Commercial Property Insurance Policies Respond to Riot, Vandalism, and Civil Commotion?

Riot, civil commotion, and vandalism are commonly covered perils under commercial property policies. Damage to an insured’s building and personal property caused by these perils should be covered. Separate coverage for plate glass is generally also available and policies should be reviewed to confirm. Lost income due to civil unrest caused by “Civil Authority” or actual damage to covered property may be available to offset the financial loss caused by the civil unrest. In response to the recent unrest, the following policy terms should be reviewed: Civil disturbance: Also called “civil unrest,” this is a broad term encompassing any …

https://www.epicbrokers.com/insights/how-will-commercial-property-insurance-policies-respond/

Covering Coronavirus: Risk Considerations Volume 1, Issue 15

… The best sources overall for timely information on the coronavirus pandemic remain the Centers for Disease Control (CDC), the World Health Organization (WHO) and Occupational Safety and Health Administration (OSHA). EPIC continues to compile resources to aid in understanding the impact of the pandemic on employers, their workforces and the management of risk. Supply Chain & Business Risks Mass Transit Challenges Lie Ahead As America tentatively reopens, it is clear that one of the challenges facing a return to pre-pandemic ways of life and work will be transportation. In particular, mass transit faces a tough road to returning to full …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-15/

OSHA Revises Guidance for Recording COVID-19 Cases

National Construction Practice Safety Alert Announced in a May 19 press release, the new enforcement policy overrides an April 10 guidance memo that required only employers in the healthcare industry, emergency response organizations and correctional institutions to make work-related determinations of COVID-19 cases. All other employers were exempt except in cases in which “objective evidence” existed that a COVID-19 infection was work-related or the evidence was “reasonably available” to the employer. The memorandum for regional administrators and state plan designees provides updated interim guidance with respect to the recording of occupational illnesses, specifically cases of COVID …

https://www.epicbrokers.com/insights/osha-revises-guidance-for-recording-covid-19-cases/

Covering Coronavirus: Risk Considerations Volume 1, Issue 14

… The best sources overall for timely information on the coronavirus pandemic remain the Centers for Disease Control (CDC), the World Health Organization (WHO) and Occupational Safety and Health Administration (OSHA). EPIC continues to compile resources to aid in understanding the impact of the pandemic on employers, their workforces and the management of risk. Supply Chain & Business Risks U.S. Borders Open for Truck Traffic The Department of Homeland Security extended its decision to partially close non-essential travel through June 22, 2020. Truck travel, which continues to be deemed essential, is permitted to cross both the northern and southern borders …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-14/

Covering Coronavirus: Risk Considerations Volume 1, Issue 13

… The best sources overall for timely information on the coronavirus pandemic remain the Centers for Disease Control (CDC), the World Health Organization (WHO) and Occupational Safety and Health Administration (OSHA). EPIC continues to compile resources to aid in understanding the impact of the pandemic on employers, their workforces and the management of risk. Insurance Products & Coverage Medical Malpractice Update Entering 2020, the global healthcare insurance industry was under significant pressure to return to profitability. This is in stark contrast to today’s marketplace where underwriters are making calculated decisions about the deployment of available capacity. The increased scrutiny includes a …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-13/