A Perfect Day for a Golf Outing!
OAPSLO couldn’t have asked for a better day for the 2022 Golf Outing at Rattlesnake Ridge Golf Course. The weather was beautiful, the course known for its excellent greens and immaculate conditions, did not disappoint. Throw that on with awesome networking, and you couldn’t help but have a great time. This was a special treat to reengage with colleagues, and meet new friends and connections. No one left empty handed thanks to the generosity of everyone who brought raffle prizes.
We would not have been able to put on such a great event without the support of our sponsors. Great American Insurance Company, bronze sponsor provided lunch and dinner, and The Cincinnati Specialty Underwriters Insurance Company, our copper sponsor provided the cart beverages.
The Future of Cyber Insurance: Trends on the Horizon
OAPSLO Webinar – Dec. 16, 2021 from 3 to 4 p.m.
Approved for 1 hour of CE
There have been many drastic changes in cyber and the impact on the insurance industry. Find out about the current state of cyber and the trends to watch out for.
Mark Sadler
Divisional VP – Cyber Risk Division, Great American Insurance Group
Larry Harb
President and CEO, IT Risk Managers, Inc.
Agenda
| Introduction | Drastic Changes in Cyber |
| Trends in Cyber | Federal Regulations and Oversight |
| Cost of Cyber | Q & A |
OAPSLO members attend free. $25 for non-members.
Navigating the Hard Market – Designing Top Quality Submissions
OAPSLO in conjunction with OIA presented a webinar on Navigating the Hard Market – Designing Top Quality Submissions on Dec. 9, 2020. Seventy-one agents were educated on this topic!
OAPSLO Panelists Ken Kukral, Jason Stoermer, JB Civille, and Andy Hamilton were joined by Judy Sivy (OIA) to provide valuable information to OAPSLO and OIA members. If you were unable to attend you can access the recording by clicking the link below.
Provided here is the recording, provided here is the presentation, and provided here are the poll results. We’ve also included this COVID-19 Questionnaire for your convenience.
In addition, OLAPSO has provided the articles Working With Insurance Specialty Markets – Guide to Top Quality Submissions and The Lost Art of Submission Narratives for your personal use.
Provided below you will find three takeaways from the webinar.
- Include a submission narrative to “tell the rest of the story” to the application. Make the narrative is clear, succinct and all encompassing.
- Put yourself in your underwriter’s shoes. If you were the underwriter what questions would you ask about the submission, and then include the information in your narrative submission.
- Have a relationship with your E/S partner. Be consistent in that relationship. Find out what they specialize in and their turn around time.
If you have any additional questions about today’s session or if there’s anything that we can help you with, please contact OAPSLO.
Amwins State of The Market Report 2023: A Focus on the Cannabis Market
The cannabis insurance market has undergone notable transformations and shifts in recent years. As the sector continues to develop, insurance providers are refining their offerings to meet the unique needs and challenges being presented.
Amwins State of The Market Report 2023: A Focus on the Cannabis Market
Published July 17, 2023
About the author:
- Norman Ives, EVP with Amwins Brokerage in Seattle, WA
- Brian Savitch, EVP with Amwins Brokerage in Lafayette, CA
- Jeff Katz, VP and Property Broker with Amwins Brokerage in Kansas City, MO
- Pierre Cabrera, AVP with Amwins Program Underwriters in Los Angeles, CA
- Chris Brown, Senior Associate Broker with Amwins Brokerage in Kansas City, MO
2023 WSIA Annual Marketplace
September 17-20, 2023 | San Diego, CA
Manchester Grand Hyatt and Marriott Marquis San Diego Marina
Annual Marketplace is the premier wholesale, specialty and surplus lines industry event. More than 6,000 industry professionals gather at Annual Marketplace for networking and business meetings throughout the week in the Brokers’ Lounge, Hospitality Zone and The Club. WSIA meeting spaces will be co-headquartered at the Manchester Grand Hyatt and Marriott Marquis San Diego Marina, and you should schedule meetings accordingly to allow time to move between the two properties.
Registration for the 2023 Annual Marketplace opens May 24 at 10:00 a.m. CT.
Michael Moncada and Zach Balk elected to the OAPSLO Board
Michael Moncada and Zach Balk were elected to the OAPSLO Board of Trustees for 2023. We are fortunate to have their strategic insight and experience to help set the direction of OAPSLO. Thank you for your leadership, passion and dedication.
Michael is Managing Director, Placements and Strategic Partnerships at The McGowan Companies in Cleveland, Ohio. Learn more about Michael Moncada
Zach Balk is Senior Underwriting Specialist and Second Vice President at Gen Re in Columbus, Ohio. Learn more about Zach Balk
New reporting application developed by ODI
The Ohio Department of Insurance developed a new reporting application to be used beginning with reporting year 2023. The new reporting application was launched for those that wish to start entering 2023 reporting year business. Messaging on the old application has been updated to indicate as such, and also includes a link to the user guide for the new reporting application. Current users of the old application were also automatically given access to the new reporting application.
Information regarding the new application is also on the Department’s website: https://insurance.ohio.gov/companies/surplus-lines/resources/surplus-lines-agencies-brokers.
The user guide for the new reporting application can be downloaded here:
The new application ends the need to mail checks to the TOS. Reporting entities will create invoices from submitted records and remit electronically the tax payment. Nearly 4,000 records have been entered to date with many compliments on the ease of use.
Welcome New Members
Thank you for joining OAPSLO! We value your membership.
Ron Lucki, Vice President of Business Development for Unemployment Compensation Ron.Lucki@ohioindemnity.com (614) 220-5231
Widely recognized as one of the nation’s leading specialty insurance carriers for banks, credit unions, finance companies, and non-profit 501 (c)(3) organizations, offering a variety of custom-designed products.
Nick Coenen, Principal and Co-Founder nick@wikifri.com (614) 595-0282
Consulting firm focused on improving clients’ businesses by bringing together deep insurance industry experience, the flexibility to build partnership-based engagement teams and technology expertise.
AMWINS State of the Market Report – Q1 2023
While we are unlikely to know the true state of the 2023 market until after the March 1 renewal cycle, we expect the hard market to continue with no softening in the foreseeable future.
WSIA Award Winners
Four WSIA members will be honored for their exceptional service to the association during the March 13 Opening Breakfast. Please join us in thanking them for their outstanding leadership and support to the industry. It is the work of dedicated volunteers that makes this association great, and their contributions are appreciated beyond measure.
2022 surplus lines premium growth sees another record-setting year
The 2022 annual report on surplus lines premium reported to the 15 U.S. surplus lines stamping and service offices was released today, and it shows continued surplus lines premium growth.
Highlights from the 2022 annual report of the stamping offices include:
- Total surplus lines premium reported to the stamping offices was $63.3 billion during 2022, representing a 24.1% increase over 2021.
- Transactions increased by 6.9% compared to the year prior.
- The media release and full data are available here. Historical stamping office data is also available on the WSIA website.
Questions? Contact John Meetz, WSIA Sr. State Relations Manager at john@wsia.org.
Products Recall Insurance Webinar Recap
If you missed the OAPSLO/OIA joint webinar on Products Recall Insurance: When the Things That Go Out Have to Come Back In, the recording is provided here, and the presentation is provided here.
If you would like learn more about products recall insurance, please fill out the Product Recall Indication Form and submit the completed form to Ken Kukral at kennethkukral@intlxs.com.