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Old Republic Risk Management
Customized Solutions, Superior Execution
Customized Solutions, Superior Execution
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A nightmare scenario for many executives is becoming a victim of a cyber crime. Yet despite the significant growth in frequency of Cyber attacks and availability of cyber-specific coverage, companies continue to seek coverage for Cyber Liability under their General Liability policies. In our most recent post, we explore the basic coverage intent of each policy (CGL and Cyber) to discern the differences in coverage. http://bit.ly/2N5l4Ch
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“Here we are, a large corporation with significant assets, yet we have to post collateral to an insurance company?” This question has been posed to many risk managers by their corporate treasury department or CFO when arranging the collateral required under a large deductible insurance policy. In order to answer this question, its best to understand the comparison between a large deductible insurance product and a standard, guaranteed-cost insurance program. http://bit.ly/2I4f8Gz
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With workers aged 45 and older accounting for an increasing share of the US workforce, do their injuries tend to be more severe than those of younger workers? If so, what strategies can be used to reduce the cost of Workers’ Compensation claims for the older workforce? http://bit.ly/2HmvRo7
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Part two of our ‘Changing Third Party Administrators’ series explores moving data from one TPA to another. While it may sound easy, there are numerous issues pertaining to data continuity and quality that should be considered before embarking on the transition. http://bit.ly/2s4ajHi
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We are excited to announce the expansion of our Midwest presence with the addition of two new Account Executives. Chris Weber and Jim Duffy will support the growth in the region and provide front-line contact with our insureds and brokerage partners in the Chicago, IL and Brookfield, WI offices, respectively. http://bit.ly/2w8BaaA
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As all of our primary casualty insurance programs are unbundled for claims and loss control, we regularly see insureds that want to make a change in their third party claims administrator (TPA). Such changes occur for a variety of reasons, however once a decision is made to change TPAs and a new one is selected, how can an organization ensure a successful transition?Changing Third Party Claims Administrators: An Introduction http://bit.ly/2HF5NcT
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A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of Old Republic Insurance Company (Greensburg, PA) and Old Republic Lloyds of Texas (Dallas, TX) (collectively referred to as Old Republic Insurance Companies [ORINSCO]); BITCO General Insurance Corporation and BITCO National Insurance Company (both domiciled in Rock Island, IL) (collectively referred to as BITCO Insurance Companies); and Great West Casualty Company (Great West) (South Sioux City, NE). http://bit.ly/2JvE8rg
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Does your company have the tools necessary to face evolving Workers’ Compensation challenges? Visit the Workers’ Compensation section of the ORRM Blog to explore current issues and analysis on the dynamic challenges facing organizations in the current Workers’ Compensation landscape. http://bit.ly/2Gqe4AQ
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Thanks to everyone who joined us at #RIMS2018, stopped by the Old Republic booth, and got to know us and the other members of Old Republic General Insurance Group. We look forward to continuing to provide a full portfolio of coverages to the P&C industry through our specialized companies. To learn more or to speak with someone about how Old Republic General Insurance Group can help your business, visit http://bit.ly/2ImXOgz
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In recent years, the U.S. has dramatically changed the global oil and gas energy landscape. This great American oil and gas comeback has been primarily driven by fracking. The success of U.S. fracking has created a worldwide oversupply of energy and, therefore, risk managers are being asked to do their fair share to improve the bottom line. Prep for this morning’s #RIMS2018 ‘Energy, Oil, and Gas Industry’ Session by learning more about how some of these risk manager’s creatively approach reducing their cost of risk. http://bit.ly/2H2PIdw
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