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Oct 2, 2019
Beecher Carlson Names Brad Darr Client Solutions Leader

Beecher Carlson Insurance Services, LLC (“Beecher Carlson”), a specialized large account insurance broker, announces the appointment of Brad Darr to Client Solutions Leader. In this role, Darr will report directly to Joe Siech, Chief Executive Officer (CEO) of Beecher Carlson. As Client Solutions Leader, Darr will work to add connectivity throughout the entire organization by facilitating and empowering teammates to execute Beecher Carlson’s mission to continually challenge the status quo by partnering with clients to revolutionize the way they identify, quantify, mitigate, and finance risk. By working with the different product and industry groups within Beecher Carlson, he will facilitate increasing efficiencies and areas for new product development and innovation. “With Brad’s exceptional leadership skills and extensive industry experience, he will guide Beecher Carlson’s efforts to increase collaboration throughout our organization and within Brown & Brown,” stated Siech. “This increased collaboration will allow us to better communicate and educate our teams and clients about the unique solutions we continue to develop.” Throughout his extensive career, Darr has serviced clients with highly complex program designs while providing alternative risk financing. He graduated from Simpson College with a BA in Business Administration. Darr holds the Chartered Property and Casualty Underwriter (CPCU) designation and is a member of the Professional Liability Underwriting Society (PLUS).

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Energy News
Sep 25, 2019
Beecher Carlson Energy Practice Adds Industry Veteran Bob Carleton as Senior Vice President

Beecher Carlson Insurance Services, LLC (“Beecher Carlson”), a specialized large account insurance broker, announces the addition of Bob Carleton as Senior Vice President and Senior Account Executive. Bob will report to Geraldine Kerrigan, Executive Managing Director of Beecher Carlson’s Energy Practice. As a member of the practice’s service team, Carleton will work with energy clients as a lead broker and risk management consultant. He will additionally support the practice’s growing utility book of business. “Bob’s impressive tenure as an energy-focused risk management professional and insurance broker makes him a perfect fit for the Beecher Carlson Energy Practice,” states Erin Lynch, Energy Practice President. “His devotion to providing excellent service and knowledge in our sector will make him a great asset to both our team and our clients.” Carleton has extensive experience both as a risk manager and broker. He served as risk manager for a City Utilities of Springfield, Missouri, maintaining a strong risk management and loss control strategy, implementing insurer engineering recommendations, and improving insurance coverage.  Bob later accepted a position as manager of risk insurance at NRG Energy, Inc., a Fortune 200 Independent Power Producer. He concentrated on renewable energy assets across the United States, managing several large claims and financings for an extremely intense asset development and acquisition program during his time with NRG. After NRG, Bob transitioned to the brokerage side, working as an energy account manager/producer for a large insurance and risk management consultant. Carleton has achieved the Associate of Risk Management and Associate of Enterprise Risk Management designations from AICPCU.

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Cyber Liability News
Sep 19, 2019
War Exclusion: Misconceptions about Cyber Coverage

In 2017, the NotPetya malware infected computers and servers across the globe, shutting down businesses and causing billions of dollars in damage. In response, President Trump issued a statement assigning blame to Russia designating the malware as an Act of Cyber Warfare. As businesses worked to recover, claims for damages and lost income began flooding the insurance market. Mondelez, the manufacturer of Cadbury Eggs, recently made headlines after a claim filed under their property policy was denied due to the property policy’s war exclusion. The denial has resulted in the spread of misinformation through articles such as “Big Companies Thought Insurance Covered a Cyberattack. They May Be Wrong” by The New York Times that fail to attribute the denied claim to the property market rather than the cyber market. Articles such as the aforementioned have sent ripples across the insurance world for companies who believe their cyber policy would not respond. When a cyberattack is blamed on a foreign government, many factors can impact coverage, including how the US government designates such an attack. To quote William Wright, partner and joint-head of cyber at Paragon International Insurance Brokers, “whilst it has promoted lively debate and much need language reform in the insurance market, Mondelez vs Zurich is at its core a very good reason for insureds to purchase stand-alone cyber insurance, where the intent and expectation of coverage is to pay claims emanating from pandemic, untargeted malware like NotPetya and Wannacry.” Insurance largely revolves around the word “intent.” When property policies were first written, the intent was not to cover mass cyber events such as NotPetya; therefore, it is not surprising to see the property market utilizing the war exclusion. The war exclusion, which is found in almost all commercial insurance lines, is meant to protect insurers from paying claims related to damages caused from war or war-like actions. To narrow the war exclusion in cyber policies, carriers may provide, for example an affirmative coverage grant for “cyber terrorism” or a “cyber terrorism” carve back to the war exclusion with the expected intention to provide coverage for mass non-targeted cyberattacks.

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Real Estate News
Sep 16, 2019
Bobby Mayer Named Director of Tenant Liability Operations

Beecher Carlson Insurance Services, LLC (“Beecher Carlson”), a specialized large account insurance broker, announces the appointment of Bobby Mayer to Director of Tenant Liability Operations. Mayer reports to Bob Lane, Managing Director, and works out of Beecher Carlson’s Atlanta office. Mayer leads the organization’s client-facing accounting functions associated with insured and captive tenant programs. He works with clients to analyze their data, generating customized reports that provide clients a holistic view of their risks and that are used to develop solutions and strategies around tenant program administration. “We’re proud to promote Bobby to Director of Tenant Liability Operations,” states Bob Lane, Managing Director of Beecher Carlson’s Real Estate Practice. “He continuously demonstrates a commitment to helping our clients implement and improve programs for their residents. His diversified background in the industry represents a significant upgrade as we enhance our service to our real estate clients and their tenant programs.” Prior to joining Beecher Carlson’s Real Estate Practice, Bobby was a member of Brown & Brown’s Internal Operations Review Team and Beecher Carlson’s Captive Consulting Group. Bobby holds his property, casualty, life, and health insurance license as well as the following industry designations: Accredited Advisor in Insurance (AAI), Associate in Risk Management (ARM), and Associate in Captive Insurance (ACI). He obtained a degree in Finance and International Business from Arizona State University in 2013.

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