USI in the News

Insurance Journal recently reported on the key findings from USI’s newly-released 2024 Commercial P&C Market Outlook Mid-Year Addendum, which provides updates on insurance market changes over the past several months and summarizes the major commercial property and casualty trends organizations should watch in the second half of 2024. Read the full article.

USI Insurance Services (“USI”), a world leader in risk management, employee benefit and retirement plan consulting, today announced the launch of PATH™ (patent pending), a proprietary technology-enabled risk control platform for clients. The new platform leverages industry-specific benchmark data to generate tailored risk control solutions to address organizations’ top claim drivers based on their industry, sub-vertical, size and geography, providing access to expert insights, innovative and customized solutions, quantified return on investment, and market-leading vendors at USI-preferred pricing.  

Developing an effective risk control strategy amid an ever-changing risk landscape can be daunting for organizations balancing cost and complexity. With PATH, businesses can access a leading-edge technology platform designed to address gaps in their risk management programs through a guided, analytics-driven experience that pairs risk management solutions with individual loss drivers to enable a streamlined, cost-effective decision-making process.

“Unlike Benjamin Franklin’s famous quote about the certainty of death and taxes – injuries, accidents and disasters are avoidable,” stated Michael Sicard, USI’s Chairman & CEO. “Using cutting-edge, technology-enabled solutions, PATH empowers businesses to prevent and abate risks before they emerge, protecting your treasure and health, providing a clear understanding of where your risks exist, what causes them, how to minimize and stop them from happening, with clear financial impact all the way through to tactical execution.”

USI’s National Technical Resource and Specialty Practice Leader, Renee Dube, added, “In an environment where risk management is more critical than ever, PATH sets a new standard by helping organizations transform their existing risk management strategies through targeted risk control guidance, access to exclusive vendor pricing, and dynamic financial modeling to assess the immediate and long-term economic impacts of different risk control solutions.”

For additional information on PATH, contact your local USI representative or click here to learn more and request a custom demo

About USI
USI is one of the largest insurance brokerage and consulting firms in the world, delivering property and casualty, employee benefits, personal risk, program and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals. Headquartered in Valhalla, N.Y., USI connects over 10,000 industry-leading professionals in approximately 200 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 usi.com or follow us on LinkedIn.

Business Insurance’s U.S. Insurance Awards program celebrates exceptional work by insurance professionals working at companies across the commercial insurance industry, honoring teams of professionals across various award categories. This year, USI was honored to be selected as a finalist in the Diversity, Equity & Inclusion Initiative of the Year category for our 2023-2024 Career Track Early Career Recruiting Initiative. This initiative was designed to attract and retain the next generation of diverse industry talent at USI. The 2024 awards event will be held at the Ziegfeld Ballroom in New York City on Thursday, July 18. Learn more.

USI Insurance Services (“USI”), a world leader in risk management, employee benefit and retirement plan consulting, has been named a winner of Glassdoor’s inaugural award for Best-Led Companies 2024 in the nation, ranking as No. 11 among companies across all industries in the U.S. with 1,000+ employees. USI is the only insurance brokerage firm among the recognized top 50. This award honors companies with leadership teams that go above and beyond to redefine the employee experience. Notably, unlike some workplace awards, Glassdoor’s awards importantly include and rely upon input over the past year from employees who anonymously submit a company review on Glassdoor.

“The honor of being recognized among the top companies across all industries, and the only insurance brokerage firm to be recognized, is a direct reflection of and credit to USI’s more than 10,000 team members who create, innovate and demonstrate USI’s ONE Advantage in our work with clients each and every day,” stated Michael Sicard, USI chairman and CEO.

Kim Van Orman, chief human resources officer for USI, added, “Our people are the driving force behind our firm’s success, and we have worked tirelessly to create a people-focused culture that delivers a differentiated employee experience. There are nearly 25,000 companies across the U.S. with 1,000 or more employees, so to appear on this list is truly an honor.” 

Glassdoor award winners for the Best-Led Companies 2024 are determined using Glassdoor’s proprietary awards algorithm, and each leadership approval rating was determined based on the quantity, quality and consistency of Glassdoor-approved company reviews submitted by U.S.-based employees between March 1, 2023, and February 29, 2024. During the year-long eligibility period, companies considered for the list must have more than 1,000 employees and receive at least 100 ratings across two leadership attributes: CEO job performance and senior management. Glassdoor’s complete awards methodology can be found here.

View Glassdoor’s list of the 50 Best-Led Companies 2024. To explore available career opportunities with USI, visit jobs.usi.com for a complete listing of our open roles. 

About USI
USI is one of the largest insurance brokerage and consulting firms in the world, delivering property and casualty, employee benefits, personal risk, program and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals. Headquartered in Valhalla, N.Y., USI connects over 10,000 industry-leading professionals from approximately 200 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 usi.com or follow us on LinkedIn.

USI’s Northeast Regional Property and Casualty Practice Leader, Bill Scott, recently caught up with Insurance Journal to discuss the value of proactive construction safety practices. In the interview, Scott highlighted the preventative value of smart helmets that measure fatigue and activity, sharing, “If a laborer is consistently working in a…higher hazard area for injuries from beams, the helmet’s technology will track them and provide feedback to the laborer’s supervisors. The supervisors can then coach the laborer to avoid higher hazard areas on the jobsite.” Read the full article.

USI Insurance Services (“USI”), a world leader in risk management, employee benefit and retirement plan consulting, today announced the acquisition of Odessa, Texas-based Hignojos Insurance Agency. Founded in 2009, Hignojos Insurance Agency is an independent brokerage firm specializing in commercial and personal risk insurance programs. Terms of the transaction were not disclosed.

“We are thrilled to be joining forces with USI, an established industry leader in the insurance brokerage and consulting market,” stated Hignojos Insurance Agency Principal, Louis Hignojos Sr. “Our valued clients throughout western Texas and beyond will continue to benefit from the local, personalized services they have come to expect from our team of experts, and we look forward to introducing them to USI’s expanded suite of innovative solutions and expertise with a continued focus on helping them grow and protect their businesses and personal interests.”

USI’s Regional CEO, John Collado added: “We are excited to expand our Texas-based presence and expertise by welcoming the entire team of professionals from Hignojos Insurance Agency to the USI family. By partnering together, we look forward to leveraging the USI ONE Advantage® to provide clients access to our proprietary and innovative solutions and network of local and national resources and expertise.”

About USI
USI is one of the largest insurance brokerage and consulting firms in the world, delivering property and casualty, employee benefits, personal risk, program and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals. USI connects over 10,000 industry-leading professionals across more than 200 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 usi.com or follow us on LinkedIn.

USI’s National Environmental Practice Leader, Glynis Priester, was recently interviewed by Business Insurance on the litigation risk stemming from the U.S. Environmental Protection Agency’s (EPA) latest regulation on forever chemicals. Priester shared, “Our greatest concern for many of our clients is the litigation risk, and, while they may have limited or little exposure…The defense risk is a real financial consequence of this EPA regulation for many firms.” Read the full article.

USI is proud to be recognized as one of the nation’s Best and Brightest in Wellness for the second year in a row. This annual program identifies and honors organizations with the most innovative wellness, wellbeing, and human resource practices. Companies are assessed based on outcomes, analysis, tracking, participation, incentives, benefit programs, leadership, employee input, culture, and environment. Read more.

The Commercial Insurance market has seen price hikes in most major coverage lines for six years, and that trend does not appear to be ending soon. Recently, USI’s Jeff Buyze, national property practice leader, and Douglas O’Brien, national practice division manager – casualty and alternative risk, contributed to an in-depth Business Insurance article examining the many challenges facing buyers and how they can best navigate the shifting commercial insurance market. Read the article.

USI is proud to be named a finalist in two separate award categories as part of Zywave’s 11th annual Cyber Risk Awards. USI’s cyber team has been nominated as a finalist for the the Cyber Retail Broking Team of the Year award, and Nadia Hoyte, USI’s National Cyber Practice Leader, was named a finalist for Cyber Risk Industry Person of the Year. Please support USI Insurance Services for these outstanding industry recognitions by casting your vote before Friday, May 17. Vote now!

USI’s Senior Partner & Strategic Advisor, Justin Austin, will speak at this year’s Transportation Intermediaries Association (TIA) 2024 Capital Ideas Conference taking place April 10-13 in Phoenix, AZ. During the session, Austin will discuss the rise in insolvencies across big and small companies, detailing how trade credit insurance can manage a company’s credit risk in real-time. Learn more.

USI’s National Cyber Practice Leader, Nadia Hoyte, was recently interviewed by Business Insurance on the importance of managing vendors and third-party contractors as a critical component of cyber security. Hoyte shared, “Organizations should conduct an inventory of critical vendors and understand their incident response plans,” with third-party risk management (TPRM) being “front and center.” Read the full article.

USI’s National Executive and Professional Risk Solutions Claims Practice Leader, Joni Mason, will speak at the Seventh Annual Women in Insurance Leadership ExecuSummit on March 13-14 in Uncasville, CT. During her session on March 13, Mason will discuss the power of networking and how to talk to anyone. Learn more.

USI’s Senior Healthcare Consultant, Michelle Samadany, will speak at this year’s Crittenden Medical Liability Conference taking place April 8-10 in Charleston, SC. During her session on April 9, Samadany will discuss how healthcare providers and organizations are using clinical technology, such as wearables and mobile aps, to deliver and monitor medical care. Learn more.

USI’s Vice President of Construction, Brian Hunt, will speak at this year’s Excavation Safety Alliance Global Excavation Safety Conference taking place March 19-21 in New Orleans, LA. During the session, Hunt will discuss how construction technology and insurance can collaborate to reduce risk and drive industry safety. Learn more.

In a new interview with Business Insurance, USI's National Property Practice Leader, Jeff Buyze, discusses the risks associated with record-high office vacancy rates in the U.S. due to a continued shift to hybrid work, along with how insurance companies are responding. During the interview, Buyze shared, “Individual insurers define and treat vacancy differently, and the time periods for how long locations can be vacant before restrictions kick in may vary from 30 to 60 days. After 60 days, restrictions typically start coming into play for certain perils. For theft, water damage, malicious mischief, vandalism, exclusions may then apply.” Read the full article.

USI’s National Construction Practice Leader and Head of Industry Verticals, Danette Beck, recently participated in a broker-led industry panel discussion hosted by Insurance Business TV examining the 2024 construction insurance market. During the event panelists discussed supply chain delays, labor shortages, and a lack of education in the sector and how these challenges will affect the overall market in the coming year. View the panel discussion.

Each year, Insurance Business America’s (IBA) “5-Star DE&I Awards” recognize leading U.S.-based insurance companies for their work to foster impactful, forward-looking diversity, equity and inclusion (DE&I) programs. For the second year in a row, USI was among only a select number of insurance organizations to receive this honor for 2024 in recognition of our ongoing efforts to build an increasingly diverse, equitable and inclusive culture at USI through our I’m With U DE&I program. Learn more.

USI Consulting Group (“USICG”), a national industry-leading, full-service retirement plan consulting and benefits administration firm, today announced the acquisition of Rochester, New York-based Burke Group (“Burke”). Founded in 1989, Burke is a regional advisory services firm specializing in retirement plan consulting and administration, actuarial services and compensation consulting. As part of the deal, USICG will not acquire Burke's compensation consulting business, and Burke will exit this business upon joining USICG. Terms of the transaction were not disclosed.

“For more than 30 years, our team has maintained a strong identity as independent, thoughtful, transparent and objective advisors,” stated Burke Group’s Managing Principal, Patrick Burke. “I am confident this new partnership with USI Consulting Group, one of the largest national specialized retirement businesses in the U.S. and a premier provider of defined contribution and defined benefit plan consulting and administration services, will further enhance the value and expertise we deliver to our clients each day.”

USI Consulting Group President and CEO, Bill Tremko added: “We are thrilled to welcome the talented professionals from Burke Group to the USICG family and look forward to expanding our retirement consulting expertise throughout the upstate New York region.”

About USI Consulting Group
USI Consulting Group is a national industry-leading, full-service retirement plan consulting and benefits administration firm that has been helping employers enable their workforce to successfully plan and invest for retirement for over 45 years. USICG’s integrated team of highly skilled professionals provides specialized expertise in delivering independent, comprehensive guidance and innovative, flexible retirement plan solutions to meet the changing needs of employers and their employees. USICG is an affiliate of both USI Securities, Inc. (a broker-dealer, Member FINRA/SIPC) and USI Advisors, Inc. (a federally registered investment adviser) and a wholly-owned subsidiary of USI Insurance Services (“USI”). To learn more, visit usicg.com or follow us on LinkedIn.

USI’s Regional Personal Risk Practice Leader, James Saunders, was recently interviewed by Insurance Business TV on the importance of personal cyber coverage. In the interview, Saunders explains how the personal risk of cyber-attacks has increased due to the lack of protections in place, making individuals and families easy targets for ID theft and phishing attacks. Saunders also touched on how artificial intelligence (AI) drives exposure, sharing, “…it is only going to allow the nefarious actors of criminal organizations to scale up further.” Listen to the full interview.

Catastrophe-exposed properties, especially wildfire accounts or coastal accounts in Florida, are still seeing some disruption, making this “a bifurcated market,” said USI’s National Property Practice Leader, Jeff Buyze, in a recent interview with Business Insurance. During the interview, Buyze shared that USI predicts catastrophe-exposed or non-catastrophe-exposed property with losses or poor risk quality will see rate increases of 15% to 30% in the first half of 2024, down from 25% to 150% increases in the second half of 2023. Read the full article.

USI’s National Practice Division Manager for Casualty and Alternative Risk Solutions, Douglas O’Brien, was recently interviewed by Business Insurance on current general liability and auto liability market conditions. On general liability, O’Brien shared, “I don’t think we’re going be in an environment of wholesale rate reductions for a while, but at least it’s promising that we’re seeing a leveling off of rate increases.” O’Brien also touched on the tough auto liability market, sharing, “For companies with 200 or more vehicles…clients are seeing rates increase at least 10% and sometimes 20% or 30%.” Read the full article.

USI’s National Aviation Practice Leader, James Van Meter, will moderate an expert panel of leading aviation insurance underwriting executives and airport claims executives at this year’s Airports Council International - North America (ACI-NA) Risk Management Conference taking place January 17-19 in Austin, TX. During the session, panelists will explore current airport claims trends, the state of the airport liability insurance market in 2024, challenges with war coverages, and how airport risk managers can be prepared to navigate these challenges. Learn more.

USI is proud to be recognized by Newsweek as One of America’s Greatest Workplaces for Diversity in 2024. Newsweek partnered with Plant-A Insights Group, a market data research firm, to score companies based on their commitment to recruiting and advancing employees of various ages, races, genders, sexual orientations, and abilities. The evaluation process includes an examination of publicly available data, interviews with HR professionals, and an anonymous online survey conducted among a diverse group of employees at companies across the United States. Participants shared insights on working environment, corporate culture, training and career progression, proactive management of a diverse workforce, and more. This recognition directly reflects USI’s ongoing commitment to the inclusive culture we are continuously innovating. Read more.

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