Category Archives: Client News

Cohen Feeley Marks 20 Years With Scholarships for Best of the Best

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BETHLEHEM, Pa., April 21, 2014 – On May 17 Cohen, Feeley, Altemose & Rambo will celebrate the 20th anniversary of its Annual Best of the Best Scholarships Program. The law firm will award scholarship assistance to 37 Lehigh Valley, Hunterdon and Warren County high school students at the Event Center at Blue in Bethlehem.

The Best of the Best Scholarship Program was established by Martye Cohen and Dennis Feeley in 1994 to recognize one outstanding high school student from each high school in the Lehigh Valley. The program added 10 high schools in Hunterdon and Warren counties in 2013.

“The kids receiving these scholarships are selected through a committee that considers their academic achievements, extracurricular activities and the challenges they have overcome to excel at school and in life,” explained Martin D. Cohen, founding partner of the personal injury and commercial litigation law firm. “They are, without question, the best of the best.”

In addition, one male and one female from the Lehigh Valley and Warren and Hunterdon Counties is selected from the 37 honorees to be named overall Best of the Best. Two other students from all the applicants are granted the Team Capital Bank Community Service Award.

“Martye and I started Best of the Best 20 years ago to help make a difference in people’s lives,” said Dennis Feeley, a partner at Cohen, Feeley, Altemose & Rambo. “In the past 20 years we’ve provided assistance to nearly 700 area high school students and helped improve their lives and their communities at the same time.”

In the spirit of the program’s efforts to give back, the law firm also makes charitable donations in the name of each award recipient to a charity of the student’s choice.

The scheduled keynote speaker for the May 17 breakfast ceremony will be Temple Law School Dean JoAnne A. Epps.

ABOUT COHEN FEELEY
Cohen Feeley, Altemose & Rambo is a personal injury and commercial litigation law firm serving the needs of those in the Lehigh Valley and beyond for more than 30 years. Cohen, Feeley Altemose & Rambo has offices in Bethlehem and Allentown, Pa. For more information, please visit www.cohenfeeley.com

NAPCO Report: Low Property Catastrophe Losses and New Capital Drive Down Pricing and Increase Competition Among Insurers

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State of the Market Insights Report asks whether the continued increase in industry capital from non-traditional sources will force insurers to rethink products and pricing

Iselin, N.J. — April 8, 2014 — With low global insured catastrophe losses and added capacity from non-traditional market sources, insurers have become increasingly competitive and are reducing rates for most accounts. This is a key takeaway from State of the Market: NAPCO Property Catastrophe Insights report from NAPCO, a wholesale insurance broker with expertise in the property catastrophe market.

Drawing on broker and insurer insights, as well as industry wide statistics, this report analyzes property-catastrophe insurance industry performance in 2013, catastrophe losses and trends for 2014.

“While catastrophe model guidance and rating agency pressure continue to play an important role in pricing and evaluating risks, the continued increase in the industry’s capital – including new capital from non-traditional sources – is changing how pricing is done,” says David Pagoumian, CEO of NAPCO. “These developments may begin to disrupt old business models and force insurers to rethink products and pricing.”

According to Pagoumian, brokers who understand the marketplace have an opportunity to help clients figure out when to remarket programs and how to structure programs to provide better coverage and pricing.

Key report findings include:

  • At about $31 billion, 2013 global catastrophe losses were well below the 10-year average, with no one event proving capable of affecting pricing.
  • Insurers’ net income rose 55 percent to $43 billion, thanks to strong growth in premiums and low catastrophe losses.
  • New capital from non-traditional sources now totals $50 billion, and catastrophe bonds are being used to protect against a wider array of risks.
  • Low catastrophe losses plus competition from alternative markets are driving down the price of reinsurance, 10 to 25 percent on loss-free accounts.
  • The frame habitational and commercial flood insurance markets remain difficult.
  • After raising rates in 2012 following a CAT model release, insurers kept rates relatively stable throughout most of 2013; in 2014 expect a soft market where insurers offer lower prices and plenty of capacity.

Download the full Fall 2013 State of the Market report at http://bit.ly/SOTMSpring14 for a deeper analysis of these trends detailed placement considerations for brokers.

About NAPCO
NAPCO (www.napcollc.com) is a leading wholesale broker of commercial property insurance coverage, providing retail agents and brokers with an efficient, single-source independent marketing arm for difficult placements that have significant exposure. The company utilizes in-depth research and sophisticated risk modeling to implement coverage and cost-effective programs. Headquartered in Iselin, N.J., NAPCO provides access to the global insurance market, including major and specialty domestic carriers, excess and surplus lines markets, reinsurers and international providers.

Venture Expands Cyber Liability Coverage for Club and Hotel/Resort Programs

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PREFERRED CLUB and Suitelife programs respond to increased demand for broad, affordable privacy and data breach protection; complimentary risk management and data breach response services included.

West Chester, Pa. — April 1, 2014 — Venture Insurance Programs (www.ventureprograms.com) today announced it has expanded and enhanced privacy and data breach protection for its PREFERRED CLUB program for golf and country clubs, and its Suitelife programs for hotels and resorts.

The policy offers flexible, more affordable coverage for the costs to respond to a data breach, along with the costs to defend and resolve claims for statutory violations, negligence, regulatory investigations and breach of contract. Risk management and data breach prevention and response services are also offered. Coverage is written through Hiscox, a cyber insurance specialist with an A.M. Best rating of A (Excellent).

“The alarming increase in cyber attacks has highlighted the need for privacy and data breach protection in the hospitality industry, and we’re pleased to offer coverage that is not only broad in scope, but also more affordable for clubs and hotels of all sizes,” said Philip J. Harvey, founder and president of Venture Programs. “Club members and hotel and resort guests expect their information to be secure, and whether an attack is a targeted hack or simply a lost employee laptop, the result can be a costly claim and damaged reputation.”

Venture offers clubs, hotel and resorts a fast, easy process to obtain privacy and data breach protection, with limits up to $2 million and coverage available for risks up to $100 million in revenue. Coverage highlights include:

  • Retentions available from $5,000 to $25,000 and scaled based on revenues
  • Full limit for breach notification costs, with an option for Breach Costs Outside the Limit
  • Full limit for computer forensics
  • Duty to Defend policy
  • Coverage for breach of contract claims, including those under a payment card processing or service provider agreement
  • Coverage for regulatory actions, including investigations by the FTC or state attorney general, as well as coverage for civil penalties (where allowed), and compensatory awards such as consumer redress funds
  • $25,000 of PCI Fines coverage and PCI Remediation coverage included at no additional premium
  • Ability to add additional coverage modules including: Multimedia Liability, Hacker Damage, Cyber Business Interruption and Cyber Extortion

 

Coverage also includes complimentary risk management assistance and prevention services, as well as complimentary breach response services, including one hour with a data breach coach and access to breach response providers.

About Venture Insurance Programs
Venture Insurance Programs (www.ventureprograms.com) is a leading program administrator that designs, underwrites and distributes industry-specific insurance packages. Based in West Chester, Pa., Venture has underwriting alliances with the world’s leading carrier groups, including Chubb, Allied World, RSUI, USLI, Zurich North America, ACE, Monitor and Lloyd’s of London. Founded in 1993, Venture provides specialty insurance packages for select vertical industries—including golf and country clubs, golf destination resorts, hotels, resorts, hunting and fishing lodges and city and social clubs.

Cohen Feeley Altemose & Rambo Takes Time For Lehigh Valley Big Brothers Big Sisters Event

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BETHLEHEM, Pa., March 4, 2014 – Cohen Feeley Altemose & Rambo, a Lehigh Valley personal injury and commercial litigation law firm, was an event sponsor for Bowl for Kids’ Sake on Sunday, March 2, 2014. The annual event is hosted by Big Brothers, Big Sisters of the Lehigh Valley and was held from 9 a.m to 4 p.m. at the AMF Parkway Lanes in Allentown.

The law firm received a Corporate Sponsor Award for making a $1,000 donation to the event. Employees of the firm volunteered their time to participate and bowl for the children. Cohen, Feeley, Altemose & Rambo has supported Big Brothers, Big Sisters of the Lehigh Valley for more than 20 years.

ABOUT COHEN FEELEY
Cohen Feeley, Altemose & Rambo is a personal injury and commercial litigation law firm serving the needs of those in the Lehigh Valley and beyond for more than 30 years. Cohen, Feeley Altemose & Rambo has offices in Bethlehem and Allentown, Pa. For more information, please visit www.cohenfeeley.com

ReSource Pro Named a Top 100 Best Human Resource Management Company

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NEW YORK – ReSource Pro, a leading provider of business process management solutions for the insurance industry, has been named to the list of Top 100 Best Human Resource Management (HRM) Companies operating in China. This is ReSource Pro’s fourth time being listed as a Top 100 Best HRM Company since the list began in 2006.

The independent panel of judges that selected ReSource Pro identify companies that distinguish themselves based on a series of criteria that include training, employee benefits, leadership development programs, and an outstanding dedication to making the workplace a postive and rewarding experience.

The list is compiled annually by 51job (Nasdaq: JOBS), a leading human resource solutions provider with 25 offices in mainland China serving hundreds of thousands of domestic and multinational companies.

“We pride ourselves on building a culture that respects and provides opportunities to our people because it aligns with our values and returns better results to our clients,” said ReSource Pro CEO Dan Epstein.

Headquartered in Manhattan, ReSource Pro recently announced the opening of a third China office in the city of Huangdao.

About ReSource Pro
ReSource Pro LLC, a premier provider of business management process solutions, was named one of the top 100 global outsourcing companies by the International Association of Outsourcing Professionals, and has appeared on the Inc. magazine list of fastest growing US companies in the past five years. ReSource Pro is focused on productivity growth for more than 160 of its insurance business clients including retail and wholesale brokers, MGAs, program administrators, carriers, and TPA’s. For more information, please visit www.ReSourcePro.com.

ReSource Pro Opens Office in Third Location in China

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NEW YORK – ReSource Pro, a leading provider of business process management solutions for the insurance industry, announces it has opened an office in the Chinese city of Huangdao. This is the third office in China for the organization, whose headquarters are in Manhattan.

The new 19,000-square foot Huangdao office will house Processing and Operational Excellence staff. Other ReSource Pro offices in China are located in Qingdao and Jinan.

“As insurance organizations continue to look for ways to drive productivity growth and improve performance, our business continues to grow to meet their needs,” explained ReSource Pro CEO Dan Epstein. “China offers a rich field of English-speaking college graduates eager to learn about, and grow with, the insurance industry and we continue to see it as an outstanding location for finding quality professionals.”

The new office is led by long-time ReSource Pro veterans, and overseen by Leaf Zhang, VP of Operations and Finance. Located within a 180-acre office park just minutes from the Huangdao business center, the two-floor office currently employs nearly 50 employees and will soon accommodate 235 employees.

ReSource Pro received a number of awards in 2013 related to its business growth, including ranking fourth on the list of Rising Stars from the International Association of Outsourcing Professionals’ Global 100 List. Additionally, ReSource Pro was named for the fifth consecutive year in 2013 to Inc. magazine’s list of fastest growing, privately held companies in the United States. ReSource Pro has been recognized among leading global companies for its human resource management practices, and learning & development curriculum and data security initiatives.

About ReSource Pro
ReSource Pro LLC, a premier provider of business management process solutions, was named one of the top 100 global outsourcing companies by the International Association of Outsourcing Professionals, and has appeared on the Inc. magazine list of fastest growing US companies in the past five years. ReSource Pro is focused on productivity growth for more than 160 of its insurance business clients including retail and wholesale brokers, MGAs, program administrators, carriers, and TPA’s. For more information, please visit www.ReSourcePro.com.

ReSource Pro Named to IAOP’s Global Outsourcing 100® List for the Fifth Time

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NEW YORK, NY, Feb. 17, 2014 – ReSource Pro, a leading provider of business process management solutions for the insurance industry, has been named for the fifth time to the International Association of Outsourcing Professionals® (IAOP) Global Outsourcing 100® list for 2014.

“ReSource Pro’s continued ranking on this respected international list is further validation of our professionalism and leading-edge efficiency solutions for the insurance industry,” said Dan Epstein, ReSource Pro CEO. “We’re honored to have our efforts recognized, and we continue to work to improve productivity growth across our clients operations.”

The 2014 Global Outsourcing 100 and The World’s Best Outsourcing Advisors recognizes the world’s best outsourcing service providers and advisors. These rankings are based on applications received and evaluated by an independent judging panel organized by IAOP. The 2013 panel is led by IAOP managing director of thought leadership, IAOP, Jagdish Dalal, COP and president of JDalal Associates, LLC.

“At a time when there is a growing need to outsource, The Global Outsourcing 100 and The World’s Best Outsourcing Advisors lists have become invaluable reference tools to help companies research service providers,” said Debi Hamill, IAOP CEO. “The companies named on these lists and sub lists have demonstrated their expertise following a rigorous, independently judged process and represent the top in the industry.”

About ReSource Pro
ReSource Pro LLC, a premier provider of business management process solutions, was named one of the top 100 global outsourcing companies by the International Association of Outsourcing Professionals, and has appeared on the Inc. magazine list of fastest growing US companies in the past five years. ReSource Pro is focused on productivity growth for more than 160 of its insurance business clients including retail and wholesale brokers, MGAs, program administrators, carriers, and TPA’s. For more information, please visit www.ReSourcePro.com.

About IAOP: The International Association of Outsourcing Professionals® (IAOP®) is the global, standard-setting organization and advocate for the outsourcing profession. With more than 120,000 members and affiliates worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit http://www.IAOP.org.

The media contact for IAOP is:
Kate Tulloch-Hammond
IAOP Manager, Media & Communications
+1.845.452.0600, ext. 122
Kate.hammond@IAOP.org

About The Global Outsourcing 100
The International Association of Outsourcing Professionals® (IAOP®) is in its eighth year of compiling its annual ranking of the world’s best outsourcing service providers and advisors – The Global Outsourcing 100. As part of The Global Outsourcing 100, IAOP also introduced a new list in 2009, The World’s Best Outsourcing Advisors.

The Global Outsourcing 100 and its sub-lists are essential references for companies seeking new and expanded relationships with the best companies in the industry. The lists include companies from around the world that provide the full spectrum of outsourcing services — not just information technology and business process outsourcing, but also facility services, real estate and capital asset management, manufacturing and logistics. They include not only today’s leaders, but tomorrow’s rising stars.
The World’s Best Outsourcing Advisors is geared specifically to companies that are outstanding global outsourcing advisors and consultants. In addition to being part of The Global Outsourcing 100, the new list of advisors ranks the top consultant, legal and related advisory firms globally, and is a valuable reference tool for companies needing expert advice and guidance with their outsourcing projects.
The Global Outsourcing 100 for service providers is composed of both today’s known leaders and tomorrow’s rising stars. The judging category of Leader or Rising Star is based on size criteria, which is a combination of yearly revenue and employee numbers set by the judging panel. The groups are judged separately. The final ranked list is composed of the top 75 Leaders and top 25 Rising Stars. The evaluation criteria is weighted to ensure that small to mid-size companies have as much of a chance to be selected as a large, recognized name. Consultants and advisors applying to the World’s Best Outsourcing Advisors list are judged together as a single list. The application process for both The Global Outsourcing 100 and the World’s Best Outsourcing Advisors mirrors the customers’ request for proposal (RFP) process in many ways. The application is composed of three required parts: Company Information, Company Profile and Evaluation Criteria. The first asks for basic contact and company information. The second allows companies to select their top services provided, industries served and regions where they provide services. These answers are used to qualify them for sub lists. The third part includes numerous questions broken into four sections — Size and Growth, Customer Satisfaction, Depth of Competence and Management Capabilities.

Recurring Role: Insurance Agent Stars in Web Series

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American Modern Insurance Group: The Build

Listen to the Friday, Jan. 24, 2014, radio interview of Adam Boca with Kentucky’s 93 WKCT News Talk radio about his fourth episode on the popular web series, The BUILD. Adam, a licensed insurance agent with the National Corvette Museum in Bowling Green, KY, filmed a series of episodes in June 2013 that began airing in January.

The series, with thousands of viewers tuning in via YouTube and Facebook, follows the step-by-step rebuild and restoration of a classic 1965 Chevelle Malibu SS.

The BUILD is sponsored by American Modern Insurance Group, a Kimball Communications’ client, and is filmed just outside Cincinnati, Ohio.

Larissa Tosch Named Chief Information Officer of Glatfelter Insurance Group

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YORK, Pa., Jan. 6, 2014—Glatfelter Insurance Group (GIG), an all-lines, full-service insurance broker, today announced the promotion of Larissa Tosch to vice president/chief information officer (CIO). In this new role, Tosch is responsible for leading and overseeing GIG’s information technology infrastructure and staff, as well as application systems.

A GIG associate since August 1999, Tosch has worked through positions of increasing responsibility and leadership, most recently serving as applications director. In 2009, she began GIG’s PMO program and governance initiatives, and managed nearly all of the company’s insurance applications at various times.

She was previously manager of business systems and an application developer, and she has also worked closely with the GIG business unit. Tosch has a bachelor of science degree in Computer Science from Elizabethtown College and is currently pursuing an MBA at York College.

“We’re fortunate to have Larissa step up to this very important position,” said Anthony P. Campisi, president/CEO of GIG. “Her significant experience—in IT, insurance and at Glatfelter—makes her a perfect fit and we look forward to her contributions in the years ahead.”

Tosch assumed the role of vice president/CIO effective January 1, 2014. She replaces retiring CIO Wayne Umland, who held the position for 16 years.

About Glatfelter Insurance Group
Founded in 1951, Glatfelter Insurance Group (www.glatfelters.com) is an all-lines, full-service insurance broker marketing property, casualty, life, accident and health insurance products and risk management services on both a retail and wholesale/specialty basis throughout the United States. The company is headquartered in York, Pa., with five marketing offices across the country and a network of more than 4,500 independent agents and brokers. An employee-owned company, Glatfelter has more than 500 associates serving the insurance needs of more than 30,000 clients in all 50 states, placing it among the top 25 privately owned insurance brokers in the U.S.

Ecopax Introduces New To-Go Paper Container Line

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Athena collection offers food service providers customization options, quality

EASTON, Pa. —Jan. 6, 2014— Ecopax Inc., a leading manufacturer of single-use plates and takeout containers based in the Lehigh Valley, today introduces its Athena paper container product line. Acutely aware of foodservice operators’ needs in today’s competitive marketplace, this product line strikes a balance among end-user experience, performance and aesthetic appeal.

The Athena line differs from many round paper containers currently in the marketplace by avoiding the high, bucket-shaped walls that detract from the end-user experience. The Athena line’s lower-wall design results in consumers enjoying the familiar experience of eating out of a bowl rather than trying to eat out of a bucket.

The Athena line is suitable for both cold and hot meals. Salads are well presented through the crystal clear lid, which is also vented to insure hot foods remain fresh. Moreover, Ecopax engineered the rim of the containers to securely snap shut, resulting in a secure fit that prevents leakage.

Custom printing is another feature of the Athena line. Multi-color graphics and QR codes are an essential channel to connect with customers. Foodservice operators can leverage the feature for branding, post-purchase advertising and promotions.

“Great packaging enhances customer satisfaction,” said Christina Wong, vice president of operations for Ecopax. “Our new paper containers offer performance and aesthetics. They are the perfect substitution to monochromatic plastic packages. Our customers will be able to better engage their end-users through customized messaging.”

The Athena line is available in three sizes — 24oz., 32 oz. and 48 oz. Ecopax also offers Athena line with a microwave safe feature.

ABOUT ECOPAX
Ecopax is a leading manufacturer of single-use takeout containers and consumer tabletop ware that are made with foam, paper and plastic designed to accommodate a variety of needs in the food service and consumer industries. For more information, please call (484) 546-0700 or visit EcopaxInc.com.