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We often hear the frustration around receiving a renewal quote just days before the renewal date – especially when it’s unfavorable. Most insureds feel backed into a corner, with little time to create a strategy that could improve the result. Time is a critical element to achieve confidence in the…

The U.S. Supreme Court recently made a significant decision that will impact the structuring of buy-sell agreements for closely held companies. If you’re not familiar with such agreements, they are commonly used by business owners to ensure that, when one owner dies, their interest will be sold to the other…

Problem A large, global manufacturer had been working with a broker who did not monitor the company’s ongoing risk.  The client was led to believe the health insurance plan would have a modest cost increase of 5% at renewal, when in fact, it turned out to be 27% when all…

Many Directors and Officers of private companies and nonprofit organizations understand the importance of D&O insurance to protect their personal assets, as well as the entity’s balance sheet. Yet, many fail to take the time to understand important exclusions that are embedded in the policy. One such exclusion is professional…

Insurance is a mystery to most organizations who go through the same transactional buying cycle each year. Tune in to learn the three key factors that determine a successful renewal outcome.  

With the hard insurance market continuing what may soon be a historical run, manufacturers and distributors across the country are clamoring to gain clarity and control of their terms and premiums. This hard market has many contributing factors, including rising replacement costs, capacity going down as losses pile up, and…

Premium allocation In a fully insured plan, 100% of the premium dollar goes to the carrier, which pays the claims and manages the plan. In a self-insured plan, up to 87 cents of each dollar covers claims. The remainder covers reinsurance and administrative fees. There are two types of reinsurance…

The news has been full of cyberattacks recently and no organization is safe, regardless of its size. Cybercriminals are targeting for-profit and nonprofit organizations, public and private companies, and government entities. Their attacks are also becoming more sophisticated. Earlier this year, the website of the Pennsylvania courts system shut down…

A common set of chemicals that appear in our drinking water, food and many consumer products is emerging as the latest threat in insurance. And companies that allow those chemicals to be used in their products likely will be held accountable by insurance companies. Though a national standard has been…

The Greater Cincinnati market is changing rapidly as a result of organic and acquisition growth. Many of our locally headquartered companies (Kroger, Community First Solutions, Heartland Bank) have become increasingly acquisitive in recent years and the area is primed for many more transactions to come. Whether you are already involved…