Global Intermediaries would like to thank everyone who participated in the PRIMA Orlando 5K Fun Run/Walk. We couldn’t have done it without you! Over 75 people signed up and raised $750 for the Second Harvest Food Bank of Central Florida.
Located in the running capitol of the world, Eugene, Oregon, GIE has been part of every Fun Run/Walk held over the past 13 years. As a proud sponsor of this event, these Fun Run/Walks have helped contribute to our company’s identity and philosophy. We enjoy sponsoring an event that promotes health, physical fitness, camaraderie, and the great outdoors. Anyone can host a dinner or happy hour, but how many companies host an event that focuses on your well being? If you do business with us, run or walk in one of our events, Thank You! You have helped contribute to a better future for you and GIE.
The US insurance market for public transit is finally opening up and offering more good choices from A 15 US domiciled carriers, even for accounts with light rail! After 9/11, the market shrank substantially for all insured’s, including public transit authorities. Due to catastrophe potential and high limit needs, the market place for these unique public entities has been slow to recover. The long sustained profitability for insurance carriers and the resulting soft market we see today, coupled with onshore movement of the Bermuda and London based carriers has expanded US offerings in both the lead SIR options and the capacity. With the additional options, there is competition in this segment and clients are seeing options with more coverage at lower prices! You and your public entity transit client have a choice! You can now access US domiciled or multiple carriers, instead of going overseas or being locked into one carrier for your liability coverage. The US markets are strong and ready to compete for this once difficult business.
Global Intermediaries has the specialized brokerage force to bring cutting edge insurance solutions and competition to the public transportation marketplace.
Give us a call today to discuss the possibilities for your public transit risk.
541-344-5411
PRIMA Prize Winner
Congratulations
Al Alvarez
Winner of a Brand New
iPod Nano!
Thanks to everyone who entered our drawing. After a few good shuffles of the cards, Al Alvarez ended up being our winner! Enjoy your new iPod and rock out to those tunes!
PRIMA 2010
Thank You!
Global Intermediaries would like to thank everyone who attended National PRIMA this year and a special thanks to those who stopped by our booth!
Congratulations to the winners of our running/exercise shirts, remember to wear them to next year’s Fun Run/Walk. We hope everyone has a great year and we’ll see you in Portland, Oregon for PRIMA 2011!
Back by popular demand! The PRIMA Fun Run/Walk is your chance to start your day off right, with a vigorous run or walk with your risk management colleagues. Join us on the morning of Wednesday, June 9 for this fun and healthy event! The Fun Run/Walk is sure to get you ready for the final day of the conference, and also give you more time to spend with new colleagues and friends! Registration is $10 per person and all proceeds will be donated to the Second Harvest Food Bank located in Orlando.
In order to register through PRIMA you will need to log in using your conference confirmation information. If you have any questions about this event, contact Jessica Konrath, PRIMA Member Services Manager at 703-253-1270 or jkonrath@primacentral.org
Featured Product
NYMAGIC Excess WC
Global Intermediaries has seen the expert Underwriters at Midlands Management, the MGA for New York Marine & General Insurance Company’s (NYMAGIC) nationwide Excess Workers’ Compensation program, increase their focus on large public entities around America. What this means for you, the public entity or the public entity broker, is another great choice in carriers!
NYMAGIC performs great on accounts over $100,000 in policy premium and really shines on large accounts where you need an Underwriter to listen to you. From large single self insureds, to JPA’s, to larger pools, the seasoned Underwriting staff at NYMAGIC has the expertise to understand your risk and offer creative solutions. If you do not yet have a quote on your Excess Workers’ Compensation account from NYMAGIC, don’t hesitate, contact GIE today to see just how good they are!
This year you’ll be able to find us at Booth 416 right next to the PRIMA center stage. Come by, say hi, and win some swag! We’ll be holding our scratch off lottery for GIE Running Shirts!
Have a jail and looking for extra revenue? Read this article!
Public Entities across the country are signing contracts that allow the federal government to use the empty beds in their jails. This program allows public entities to bring in extra revenue, but at the same time introduces new risk. In reponse, GIE has designed a program specifically for Section 287g contracts and the liability associated with these programs. The program is designed for entities that either want to segregate their claims for ICE, or would like to buy down their SIR for the ICE program.
Here are the program basics.
Coverage provided:
A13 carrier
Non – admitted policy
Attachments down to $50k
Limits up to $5mil
GL for the jail portion used
Police professional for the jailors
Coverage for any law enforcement related auto accident
Coverage for the nursing staff at the Jail
Items needed to quote:
Police professional application
Full loss runs for the jail for the last 6 years
Number of inmates, jailors, autos and nurses specific to just the 287g program.
Our program is a great way to limit your exposure while bringing in extra revenue!
Over the years GIE has given away thousands of shirts and we’d love to see them in action! Send us a photo of you or a friend in a GIE (or SIRPRO) shirt and vote for your favorite on our website! Winners will receive a special edition contest shirt!
GIE is doing it again! Get ready for the 2010 PRIMA Fun Run/Walk. The event is designed to be a fun, organized, morning stroll with your Risk Management friends.
Have you been hired by a public entity to provide access to the entire insurance marketplace? Well if you’re not teamed up with a specialty wholesaler like GIE, then you’re missing a vital part of the puzzle. Many great excess markets are wholesale only and can ONLY be accessed by a qualified and appointed wholesaler. GIE is an independent wholesaler who specializes in excess insurance for public entities. We provide access to all the markets, both retail and wholesale.
Call us today to reserve this wholesale only market!
1-541-344-5411
Company News
Bob Penny Says Hello!
Perspective from the past year:
The roiling financial markets created impetus for change; in our municipal financial plans, and in our personal investments. The influx of additional capital and carriers serving the public entity sector has helped our many clients meet their budget challenges; and we were happy to be part of this process. We have access to a changing marketplace and this allows us to help with your insurance placements, many of which changed this year.
This was a year of change for me also. After 30+ years serving you from the carrier side, resolving your claims and underwriting your liability insurance, I adapted to the changing marketplace and adopted another position to continue to serve you. It is a pleasure to work with GIE and to have the opportunity to serve you as a wholesale broker. I look forward to facing changes with you!
GIE is doing it again! Get ready for the 2010 PRIMA Fun Run/Walk. The event is designed to be a fun, organized, morning stroll with your Risk Management friends.
Stop by booth218 and catch up! We’ll be holding a scratch lottery for running shirts. If you’re a winner remember to bring your shirt to our PRIMA Fun Run/Walk!
Be sure to attend Bob Penny’s learning session on How to Evaluate Your Carrier’s Ability to Pay Your Claims. More information can be Found Here in section C5.
Featured Product
Catlin USA
Catlin Specialty Insurance Company is rated A: XV by AM Best and Company and is an approved non-admitted carrier in 47 states. Catlin has some of the most seasoned underwriters in the public entity and school market…
More Liability Options For US Public Transit
