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Property & Casualty Insurance: A Rather Turbulent 2019

… free and easy in recent years, has abruptly retreated to the sidelines, reeling from red ink. But why? Record Insurance Losses in 2017, 2018, and 2019 Greater frequency of catastrophic events like hurricanes, floods, and wildfires, coupled with continuous rate decreases in past years, drove more companies to evaluate their risk tolerance and look for greater asset protection. Three of the top six largest losses since 1970 occurred in 2017. There have also been over $30B in wildfire losses in the past three years making it very tough for insurers to control costs. Top 10 Insurance Losses since 1990: Hurricane …

https://www.epicbrokers.com/insights/property-casualty-insurance-a-rather-turbulent-2019/

2020 Q1 Energy Market Update

What Markets Indicate We Can Expect In 2020 As we come to the close of another quarter, we want to share a high-level overview of what we’re seeing across the industry, and what we think the market is going to do for upcoming renewals this year. Use the links below to jump to any one of the sections featured in this report. We’ll cover the following: Upstream Energy Midstream Energy Downstream Energy Power and Renewables Energy Casualty Energy Surety For any questions, please don’t hesitate to reach out to Nikki Howes and EPIC’s National Energy …

https://www.epicbrokers.com/insights/2020-q1-energy-market-update/

Matthew LeBlanc named Eastern Region Healthcare Practice Leader for Edgewood Healthcare Advisors

… in West Hartford, Connecticut. In his expanded role, LeBlanc will be responsible for overseeing the Edgewood Healthcare Advisors Eastern Region as well as retention and growth of the practice. He will continue his leadership role with the Physician Practice as well. LeBlanc has held positions as Partner/Broker at Healthcare Risk Specialists and Underwriter during his career. LeBlanc holds a Bachelor’s Degree in Public Relations from Quinnipiac University. He has also earned a Registered Professional Liability Underwriter designation. Said Susan Tewhill, National Managing Principal, “We are thrilled to have Matt step into this added leadership role and know that …

https://www.epicbrokers.com/insights/matthew-leblanc-named-eastern-region-healthcare-practice-leader-for-edgewood-healthcare-advisors/

EPIC Announces Tim Brenneman as President and National Private Client Practice Leader

EPIC announced today that Tim Brenneman has been named President and National Private Client Practice Leader for its newly reorganized National Private Client Practice team reporting to Executive Chairman and Co-Founder John Hahn. “Tim is a well-known and respected leader in this space having built a formidable Private Client business for Cook Maran and Prime Risk. We are very excited about our strategy to change the game from a legacy transactional play to one of high touch concierge consultative services as well as creative risk management solutions for High Net Worth clients.” The national practice reinforces EPIC’s …

https://www.epicbrokers.com/insights/epic-announces-tim-brenneman-as-president-and-national-private-client-practice-leader/

EPIC Adds Dan Joyal as a Vice President

Edgewood Healthcare Advisors, a division of EPIC Insurance Brokers and Consultants, announced that Dan Joyal has joined the Boston healthcare team as a Vice President. Joyal has a decade of insurance industry experience with both retail and wholesale brokerages. Prior to joining EPIC, Joyal was with HUB International where he consulted and placed all lines of coverage in their healthcare vertical. His clients included physician groups, allied healthcare facilities, and life sciences organizations. Prior to Hub, Joyal spent five years with CRC Swett & Crawford focused on professional liability, executive liability, and cyber/privacy liability. Joyal earned a Bachelor of Arts …

https://www.epicbrokers.com/insights/epic-adds-dan-joyal-as-a-vice-president/

EPIC Adds Trent Sullivan as a Producer

EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Trent Sullivan has joined the firm as a Producer in the firm’s Edgewood Healthcare Advisors’ Practice. Sullivan will be responsible for new business development and the design and management of healthcare risk and insurance programs for clients. He brings over 20 years of experience in healthcare and municipal risk with successes in implementing creative and cost effective solutions. Sullivan joins from OneDigital in Farmington, CT. Said Susan Tewhill, National Managing Principal, “Trent’s extensive healthcare risk management background in both the …

https://www.epicbrokers.com/insights/epic-adds-trent-sullivan-as-a-producer/

Careful Who You Hire to Drive: Punitive Damages are Not Covered by Insurance

There’s Risk in Exceptions Not once a week, not twice a week, but ten times a week we are asked to make an exception to allow a driver with too many traffic violations to be included on the company’s insurance policy. We are given one of two rationales which never vary. Either, “I am desperate to find someone, anyone, to drive my route truck.” Or, “He is a long-term, key employee, and I cannot lose him!” We get it, we empathize. However, it is essential that you fully understand the risks to the company, and to you …

https://www.epicbrokers.com/insights/careful-who-you-hire-to-drive-punitive-damages-are-not-covered-by-insurance/

EPIC Adds Blake Chauvin as Vice President

EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today that Blake Chauvin has joined the firm as a Producer in its Concord, California office.  Chauvin, will be responsible for risk management consulting and the design, placement and management of property and casualty insurance programs. He will primarily focus on Private Equity and M&A clients and their unique needs. Chauvin brings over 20 years of experience in risk management and business consulting. He has a wealth of knowledge in working with clients in technology, energy, and healthcare, large retail and real …

https://www.epicbrokers.com/insights/epic-adds-blake-chauvin-as-vice-president/