April 29, 2005The Insurance Journal"A day-long presentation and discussion about Ethics in Today's Insurance Environment, sponsored by the R. Max Williamson Chair of Insurance and Business Ethics, kicked-off the American Association of Managing General Agents April 30 to May 5, 79th Annual Meeting at the Grande Lakes Resort in Orlando, Fla..."
April 26, 2005National Underwriter"A majority of financial services executives think regulation is hurting their revenue growth, according to a major consulting firm survey..."
April 21, 2005The Insurance Journal"President George W. Bush addressed his vision for Social Security and insurance issues before more than 1,000 independent insurance agents and brokers at the Independent Insurance Agents & Brokers of America's (the Big "I") National Legislative Conference on Thursday..."
AVRECO New York Welcomes Angela North
AVRECO Chicago, AVRECO New York, and the entire Park Group would like to extend a warm welcome to our newest employee, Angela North. Angela comes to us from AIG/National Union Fire Insurance, where she was responsible for underwriting, analyzing, rating, and negotiating middle market accounts for the following lines of business: Miscellaneous professional, technology accounts, Media liability, and Employed lawyers, Public Officials E&O, Association Professional and Educators Liability E&O. Angela brings valuable industry experience to AVRECO and we are all looking forward to working with her!
Pat Gray Celebrates 8 Years at AVRECO
Congratulations to Pat Gray, Vice President at AVRECO, who is celebrating his 8-year anniversary with the company today. Pat, a 32-year veteran of the insurance industry, currently works as a broker in AVRECO’s Medical Malpractice department placing hard-to-place doctors. Prior to working at AVRECO, Pat spent 26 years with St. Paul Fire and Marine, where he managed several of the company’s underwriting and sales operations. While employed by St. Paul, Pat was instrumental in the development of the company’s largest medical association account, the American Association of Nurse Anesthetists. He further succeeded in writing over six million dollars in new business during an assignment to England, where he and his colleagues assisted their medical underwriting operations in the development of a larger book of medical business. Pat is a graduate of Southwest Missouri State University with a Bachelor of Science Degree in Business Organization and Management and is a licensed property and casualty producer. He has been actively involved in various medical associations such as The National Association of Home Health Care, American Association of Nurse Anesthetists and various state medical associations.
April 18, 2005The Insurance Journal"The Risk and Insurance Management Society Inc. (RIMS) elected Ellen Vinck, as president of the Society at the House of Delegates meeting Sunday, April 17. Her term begins May 1, 2004 and is a one-year position..."
April 15, 2005The Insurance Journal"President George W. Bush will address more than 1,000 independent insurance agents and brokers Thursday, April 21, at the Independent Insurance Agents & Brokers of America's (the Big "I") National Legislative Conference..."
April 18, 2005The Insurance Journal"Lloyd's Chairman Lord Levene will tonight outline a four-point plan to restore confidence in the insurance industry..."
Are you looking to place a doctor who is headed for the standard market but is not quite there yet? AVRECO offers a Select Physicians & Surgeons Liability Program that may be just what you're looking for. States covered:
AZ, CA, CT, FL, GA, IL, IA, KY, NV, NC, OH, OK, OR, VA, MD, WAWho the program targets:
Doctors who carry a current, temporary or permanent medical license issued in the state in which they are practicing and for which they are requesting coverage.For more information, click on the above link or contact Bill Yurek (byurek@avreco.com) or Chuck Bretz (cbretz@avreco.com).
April 12, 2005National Underwriter"The U.S. property-casualty insurance sector, buttressed by its first annual underwriting profit in 26 years, recorded 29 percent higher net profit and a record surplus level in 2004, according to the latest data from two industry groups..."
April 12, 2005The Insurance Journal
"The CPCU Society's 2004-2005 president, Donald Hurzeler will speak at the Society of Insurance Research's 2005 Spring Workshops in Chicago, Wednesday, May 11. The day will have two workshops that attendees can choose from: "The Ins and Outs of Competitor Research" and "Transforming Research Studies into Decisions." Hurzeler, in his luncheon address to attendees of both workshops, will explain the importance of taking control of your career and using education and professional designations as key assets when standing up to the competition..."
April 12, 2005The Insurance Journal"Advisen Ltd., a leading provider of analytics, benchmarking and market information to the commercial insurance industry, and Assurex Global, the world's largest privately held risk management and commercial insurance brokerage group, have announced a new strategic partnership designed to offer Advisen's services to Assurex Global Partners around the world..."
April 11, 2005National Underwriter"After just two months at his newly promoted position, The St. Paul Travelers Companies' Co-Chief Operating Officer T. Michael Miller said he is leaving the insurer to join OneBeacon Insurance as its COO..."
Have you or your insured experienced a complaint from any of your employees or clients for any of the following reasons? (Just to name a few...)- Sexual Harassment
- Discrimination
- Wrongful Termination
- Negligent Hiring
If not, are you prepared to deal with them when and if they occur? We at AVRECO urge you to seriously consider purchasing Employment Practices Liability Coverage—before it's too late!AVRECO EMPLOYMENT PRACTICES LIABILITY CAPABILITIES
AVRECO’s in-house Professional Underwriting staff has been underwriting professional liability insurance for almost 35 years. AVRECO’s EPLI program includes:- Full prior acts coverage
- No class action exclusion
- Coverage extends to the firm and every person within the firm
- Worldwide coverage
- Third party discrimination can be included
- No intentional acts exclusion
- Coverage for punitive damages, using “most favorable jurisdiction” language
- Additional Defense Only limit available for additional premium
- Free loss control services
- Coverage is non-cancelable by Underwriters except for non-payment
- 1, 2 and 3 year extended reporting options are available
- Special wording for temporary staffing firms
- Special wording for lawyers
- Includes failure to make partner claims
- Includes partner versus partner coverage
For further assistance, please contact: Linda Deiss, Program Manager
Ph: (312) 294-5475
Fax: (312) 803-2170
Email: ldeiss@avreco.com
Marcia Gloppe, Underwriter
Ph: (312) 922-7570
Fax: (312) 416-7992
Email: mgloppe@avreco.com
April 8, 2005The Insurance Journal"Lloyd's CEO Nick Prettejohn, speaking at the FSA insurance conference on Thursday, April, 7, outlined six 'strategic challenges' facing the general insurance industry, which he also indicated was by no means a 'comprehensive list'..."
April 7, 2005
The Insurance Journal
"Monarch E&S Insurance Services has hired Matt Merkle as assistant vice president and Doris Rojas as an underwriter in its new Simi Valley, California office..."
April 6, 2005
The Insurance Journal"The Bernard Warschaw Insurance Sales Agency, based in Napa, California, and a wholly-owned subsidiary of The Doctors Company, has changed its name to PULIC Insurance Services Inc..."
Jamil Qureshi Celebrates 2 Years with AVRECO
Congratulations to Jamil Qureshi, staff accountant here at AVRECO, who is celebrating his second year with the company today! Jamil joined AVRECO in April 2003 and has more than 5 years experience in providing premium billing and collection services on agency-billed policies for Company Statement and Account Current Bill types and manages a total of 84 sets of books. As a member of the Operations team, Jamil is probably less well known to you than some of our brokers. However, he is a great employee and coworker and we are very glad to have him here! Some information about Jamil: he is an avid movie collector--besides the movie posters and calendars on his cubicle walls, he owns over 500 DVDs. His favorite sport is college football and, most importantly, Jamil's wife Farha is expecting the couple's first child on July 25, 2005. Congratulations again, Jamil!
Something You'd Like to See?
Is there something you would like to see posted here? Email me and let me know! We are always willing to accommodate whatever requests we can.
Inside the AVRECO Property Department
For over thirty-five years, AVRECO has offered Property facilities for many classes of business, including both licensed and surplus lines markets for standard and difficult-to-place accounts. Since AVRECO is an independent wholesaler, we always make an extra effort to be certain that you are provided quality service from our department. With the number of markets we place business with on a daily basis as well as the strong relationships that we have developed over the years, we will do out utmost to maintain your new and renewal accounts. While our expertise is in the marketing of mid-size to Fortune 500 accounts in the open market, AVRECO’s Property department also has binding authorities with ‘A’ rated carriers, which creates a great opportunity to underwrite and quote smaller accounts in-house. To learn more about AVRECO's Property Department and what they can do for you, email them or visit www.avreco.com.
"ACE Bermuda Insurance Ltd., a subsidiary of ACE Limited, announced the appointment of John C. Lenzen to the position of executive vice president, general counsel and secretary. His appointment is subject to approval from the Bermuda Department of Labour and Immigration..."
"Wachovia Corporation, the nation's fourth largest bank holding company, has entered into a definitive agreement to acquire Palmer & Cay Inc., the 15th largest insurance brokerage and benefits consulting firm in the United States..."
The Insurance Journal
April 4, 2005
"Chicago-based commercial insurer CNA Financial Corp. announced it has completed the sale of Caronia Corp..."
One Final Note Before the Weekend...
For all of us who follow the NCAA Tournament, this weekend is a big one! Although we in Illinois may be partial to a certain team, we at AVRECO wish all 4 teams the best of luck this Saturday in St. Louis. Have a happy and safe Final Four weekend, and we will be back with more updates on Monday.
AVRECO Continues to Sponsor Online Seminars
Did you know that AVRECO is a sponsor of the Insurance Journal's "How to Write" online seminar series? Click HERE to see what it's all about. These seminars are great for anyone involved in insurance--from those who are fairly new to the industry to seasoned agents, brokers, and underwriters.If you have missed the seminars we have already sponsored, don't worry! You can simply go to the following website--http://www.insurancejournal.com/seminars/-- and view archived versions. Just go to the "How to Write Archives" section located at the bottom of the page, type in the following email address--byurek@avreco.com--and hit "Join Event." For those who register, Insurance Journal will even send you a CD version of the presentation free!We will be sending out a notice of our next sponsored seminar, "Miscellaneous Errors & Omissions," early in May. The seminar will take place May 10th at 2PM EST. Please let us know if you would like us to send you an invitation by using our CONTACT page.
