U.S. Risk announces acquisition of Regency Insurance Brokerage Services

U.S. Risk, LLC, a top ten property and casualty wholesaler and MGA, announced today that it has acquired Regency Insurance Brokerage Services (“Regency”), a wholesale broker and MGA headquartered in Hallandale, Florida, with additional locations in New York, New Jersey and South Carolina. The Regency team will join U.S. Risk Brokers, the wholesale brokerage division of U.S. Risk. Terms of the transaction were not disclosed.

Commenting on the transaction, Paul A. Riemer, chief executive officer of Regency, shared: “We are excited to join the U.S. Risk family of companies. We view this acquisition as a very positive event for our employees and are looking forward to being able to better serve our agents with the additional markets, products, and resources available through U.S. Risk.”

Randall G. Goss, chief executive officer for U.S. Risk, added: “We look forward to welcoming Regency to the U.S. Risk team. Their entrepreneurial culture and passion for delivering quality service to their retail agency clients fits very well with U.S. Risk, and we are excited to expand U.S. Risk’s footprint in the territories currently served by Regency.”

About U.S. Risk, LLC


U.S. Risk, LLC, is a leading international specialty lines underwriting manager and wholesale broker headquartered in Dallas, Texas. Operating 17 domestic and international branches, it offers a broad range of products and services through its affiliate companies, which include U.S. Risk Underwriters, U.S. Risk Brokers, U.S. Risk Solutions, Oxford Insurance Brokers Ltd. (UK), James Hampden International Insurance Brokers Ltd., (UK), MGB Insurance Brokers Ltd, (UK), Antarah FZE (UAE), and UNIS A.G. (Zurich). For more information, visit www.usrisk.com.

For more information, contact:

Randall G. Goss
U.S. Risk, LLC
(800) 232-5830

randall@usrisk.com

Ergonomic Risk Factors in Healthcare

Ergonomic Risk Factors in Healthcare

The healthcare profession is an industry with numerous challenges and risks. Among the many risks healthcare providers face in delivering care is the alarming rate of injuries – a rate that surpasses many other industrial occupations that are understood to be dangerous, such as mining and logging operations. For certain patient demands, such as moving or transferring patients, specialized equipment and practices can help to reduce the instances of staff injuries. U.S. Risk Underwriters, a leading insurance brokerage, knows that healthcare facilities and their managers need to implement ergonomic features as a fundamental risk management strategy. Ergonomic equipment and features can not only reduce injuries, but also have the potential to dramatically lower the costs associated with insurance and legal claims. 

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The Most Important Safety Topics for the Transportation Industry

The Most Important Safety Topics for the Transportation Industry

The U.S. transportation industry is responsible for moving cargo and people across the country. This business sector is immensely diverse, encompassing such vehicles as trucks, trains, airliners, and passenger cars. Business relies on the safe, efficient operation of these vehicles, and emerging risks have impacted the industry in unforeseen ways. U.S. Risk Underwriters, a leading provider of specialty insurance solutions for the transportation industry, knows that commercial vehicle operators and transportation industry players need to be aware of these risks. Several safety topics are of vital importance to the industry, and in this guide, we will explore them and how they may be addressed by the transportation industry. 

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Risk Management for Fleets

Risk Management for Fleets

It can be said that the transportation industry is the lifeblood of the American economy. From long-haul trucking operations and cross-country cargo rail to local delivery vans, public transit systems, and for-hire vehicle operators, fleet management is crucial to transporting goods and people across the country. Fleet operators face many risks as they conduct operations, however, and managing those risks is of the utmost importance. U.S. Risk Underwriters, a leading specialty provider of tailored insurance solutions to fleet operations and transportation companies, knows that there are many components associated with fleet risk management. In this guide, we will explore some of the best practices in creating an effective fleet risk management plan. 

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Burnout and Other Factors Cause Higher Turnover in the Transportation Sector

“Burnout” and Other Factors Cause Higher Turnover in the Transportation Sector

The trucking industry has long been romanticized in media and movies. Scenes of the open road and the freedom long-haul truckers experience in these fantasies is far different from the reality of the transportation industry. Long hours, crushing boredom, and numerous safety risks are some of the many reasons why there is high turnover plaguing the industry. Add in myriad complex regulatory factors and the picture becomes even clearer why the transportation industry is facing many challenges. U.S. Risk Underwriters, a leading provider of specialized insurance programs for the transportation industry, knows that “burnout” is a leading factor in employee turnover. In the following article, we will explore several ways that transportation companies can slash turnover by reducing driver burnout, helping to improve efficiency and to maintain profitability.

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U.S. Risk announces acquisition of U.S. E&O Brokers

U.S. Risk, LLC, a top ten property and casualty wholesaler and MGA, announced today that it has acquired U.S. E&O Brokers (“U.S. E&O”), a wholesale broker and MGA focused on delivering professional lines coverage for insurance agents. U.S. E&O is headquartered in Houston, Texas, with additional locations in Connecticut, Colorado, and New Mexico. The U.S. E&O team will join U.S. Risk Underwriters, the specialty programs division of U.S. Risk. Terms of the transaction were not disclosed.

Commenting on the transaction, Angela T. Schroder, president of U.S. E&O, shared: “We are delighted to join the U.S. Risk family of companies. We believe their entrepreneurial culture aligns very well with ours, and we look forward to strengthening our offerings to current clients while expanding our client base through the U.S. Risk network of agents.”

Randall G. Goss, chief executive officer for U.S. Risk, added: “We are pleased to welcome U.S. E&O to the U.S. Risk team and look forward to strengthening our specialty professional liability capabilities. Angela and her team have a well-deserved reputation for providing excellent service levels and bringing years of expertise to all of their customers.”

About U.S. Risk, LLC
U.S. Risk, LLC, is a leading international specialty lines underwriting manager and wholesale broker headquartered in Dallas, Texas. Operating 17 domestic and international branches, it offers a broad range of products and services through its affiliate companies, which include U.S. Risk Underwriters, U.S. Risk Brokers, U.S. Risk Solutions, Oxford Insurance Brokers Ltd. (UK), James Hampden International Insurance Brokers Ltd., (UK), MGB Insurance Brokers Ltd, (UK), Antarah FZE (UAE), and UNIS A.G. (Zurich). For more information, visit www.usrisk.com.

For more information, contact:

Randall G. Goss
U.S. Risk, LLC
(800) 232-5830
randall@usrisk.com

Understanding the Fiduciary Duties and Liabilities of Association Board Members

Understanding the Fiduciary Duties and Liabilities of Association Board Members

The daily operation – the business – of most planned housing developments is managed by a community association or homeowners association (HOA). Most such associations have a board of directors who oversee the management and maintenance of communities on behalf of their member residents. Association board members have certain obligations and duties, including fiduciary duties. Failure to meet these obligations can result in significant liabilities that may threaten the community association itself. U.S. Risk Underwriters, a leading provider of insurance solutions to community associations across the United States, knows that board members must have a clear understanding of their roles and responsibilities when it comes to managing association assets. 

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The Importance of a Separate Pollution Liability Insurance Policy for Businesses

The Importance of a Separate Pollution Liability Insurance Policy for Businesses

Throughout the business world, business owners face many risks as they conduct daily operations. For some businesses, particularly those involved in energy production, manufacturing, and transportation industries, the risks of an environmental disaster are significant. A large-scale pollution loss event can be devastating from a financial perspective, potentially costing millions of dollars in legal expenses, pollution mitigation, and regulatory penalties. U.S. Risk Solutions, a leading underwriter of specialty insurance lines, knows that many business insurance policies exclude coverage for pollution events. It is critical that at-risk businesses seek the coverage of a separate pollution liability insurance policy. 

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U.S. Risk finalizes acquisition agreement with USI Insurance Services

U.S. Risk Insurance Group (U.S. Risk), one of the nation’s largest property and casualty program and specialty brokerage firms, today announced the completion of its previously announced agreement to be acquired by USI Insurance Services (USI), a leading insurance brokerage and consulting firm. Terms of the transaction were not disclosed.

U.S. Risk will maintain its Dallas headquarters and continue to operate independently under the company’s various existing brands, U.S. Risk, Oxford, MGB, James Hampden International, Antarah and UNIS. U.S. Risk Chief Executive Officer Randall G. Goss and his current leadership team will remain and continue to lead these businesses.

Commenting on the transaction, Mr. Goss stated: “Having completed this transaction, U.S. Risk will continue to accelerate the path we have set for ourselves as a leading program manager and specialty brokerage firm both domestically and internationally. USI maintains an established track record of operating independent, successful program and specialty brokerage businesses. We remain committed to the same quality of service and the growth and profitability of our carrier partners and retail agents.”

Sandler O’Neill + Partners, L.P. served as financial advisor, and Ropes & Gray LLP served as legal counsel to U.S. Risk in this transaction. Simpson Thacher & Bartlett LLP served as legal counsel to USI.

About U.S. Risk Insurance Group
U.S. Risk Insurance Group is a leading international specialty lines program manager and specialty brokerage firm headquartered in Dallas, Texas. Operating 16 domestic and international offices, it offers a broad range of products and services through its affiliate companies, which include U.S. Risk Underwriters, U.S. Risk Brokers, U.S. Risk Solutions, Oxford Insurance Brokers Ltd. (UK), James Hampden International Insurance Brokers Ltd., (UK) MGB Insurance Brokers Ltd. (UK), Antarah FZE (UAE), and UNIS A.G. (Zurich). For more information, visit www.usrisk.com.

About USI Insurance Services
USI Insurance Services is one of the largest insurance brokerage and consulting firms in the world, delivering property and casualty, employee benefits, personal risk and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals. Headquartered in Valhalla, New York, USI connects together over 6,000 industry- leading professionals across more than 150 offices to serve clients’ local, national and international needs. USI has become a premier insurance brokerage and consulting firm by leveraging the USI ONE Advantage®, an interactive platform that integrates proprietary and innovative client solutions, networked local resources and enterprise-wide collaboration to deliver customized results with positive, bottom line impact. USI attracts best-in-class industry talent with a long history of deep and continuing investment in our local communities. For more information, visit www.usi.com.

For more information, contact:

Randall G. Goss
U.S. Risk Insurance Group
(800) 232-5830
randall@usrisk.com

Edward J. Bowler
USI Insurance Services
(914) 749-8504
ed.bowler@usi.com

The Importance of Employee Health Policies in Hospitality

The Importance of Employee Health Policies in Hospitality

In the hospitality industry, the looming specter of a disease outbreak is ever-present. Restaurants, food service companies, hotels, and cruise lines face many risks, and perhaps the risk with the most potential for negative financial consequences is that of an illness outbreak that affects patrons of the establishment. U.S. Risk Underwriters, a leading insurance broker with tailored specialty insurance programs for the hospitality industry, knows that employers must adopt employee health policies as a critical risk management step. By creating and implementing employee health standards, businesses can protect themselves against disease outbreaks, which can cost thousands or even millions of dollars in unforeseen expenses.

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