Category Archives: Business

Press Releases from the Business World. Announcements, Product releases, Appointments.

The National Structured Settlements Trade Association (NSSTA) Celebrates International Women’s Day

The National Structured Settlements Trade Association (NSSTA) announces the formation of the NSSTA Women’s Caucus, the first such organization in the structured settlements industry. In a traditionally male-led industry, women have been steadily growing in numbers, and now 17 percent of NSSTA’s membership is comprised of women. “We are excited to support the growth of women in the structured settlements industry officially with the establishment of the NSSTA Women’s Caucus. By providing a forum to address the unique issues faced by women in our business through education, mentorship and community, we all benefit,” said Eric Vaughn, Executive Director at NSSTA.

NSSTA members, Paula Rubinstein, Settlement Consultant at NFP Structured Settlements, Christine Logan, President & CEO at Logan & Associates, and Erin Muller Eddy, Settlement Consultant at Ringler Associates created the Women’s Caucus. Membership has already doubled since January. The Women’s Caucus aims to elevate women in the structured settlement industry through mentorship, professional development and networking. “When women are empowered, they go on to empower others. They improve the lives of everyone around them,” said Paula Rubinstein, Women’s Caucus Chairwoman adding, “We are committed to providing a strong support system for women as they grow and develop in their careers.”

One of the goals for the Women’s Caucus is to gain greater representation on the NSSTA Board of Directors’ level and to rally more women to lead the initiatives of the organization toward educating the public about the tax free financial security afforded people with structured settlements after an unforeseen tragedy in their lives. With the theme of Choose to Challenge (#ChoosetoChallenge) on heard around the world on International Women’s Day, the NSSTA Women’s Caucus and the entire NSSTA organization embraces the day’s mantra that from challenge comes change.

For more information about the NSSTA Women’s Caucus, visit the website or email us.

About NSSTA: The National Structured Settlements Trade Association (NSSTA) is the leading voice of the structured settlement industry, representing more than 1,200 professional structured settlement consultants, life insurance industry leaders, property casualty company claims professionals and lawyers in the United States and Canada. A structured settlement is a tax-free stream of periodic payments paid to an injured party by the defendant primarily through the purchase of annuity (fixed and determinable) issued directly by highly rated and state regulated life insurance companies.

For more information about NSSTA:


Share article on social media or email:

Converged Security Solutions (CSS) Announces Appointment of Daniel J. Keefe to Board of Managers

Daniel J. Keefe, Board of Managers, CSS

Daniel J. Keefe, Board of Managers, CSS

Converged Security Solutions (CSS), the holding company of IT transformation, cybersecurity, and physical security brands Evolver and eVigilant, announced today the appointment of a new member to its Board, Daniel J. Keefe.

Dan is a senior corporate executive who brings a unique combination of talent in both the US Army and senior leadership positions in multi-billion dollar government services technology companies.

Most recently, Dan was President and COO of the larger of two groups at ManTech International (MANT), a government services technology company with over $2B in sales. Under his leadership he pivoted the business towards enterprise IT across the government services market resulting in significant organic growth. Dan was instrumental in the acquisition of numerous companies and their successful integration into the business.

Dan served for 31 years as an officer in the United States Army in which he led forces at multiple echelons in many theaters of operations including Korea, Europe, the Balkans, Africa, and the Middle East. He served as the Commanding General of US and multi-national forces in Kosovo and also served as the Corps Chief of Staff during combat operations in Iraq.

“I am pleased to welcome Dan, an exceptional leader, to our Board. He is an accomplished executive, communicator, advisor, and coach. Dan’s career demonstrates a strategic perception and established results through a broad range of segments in our industry. He brings a background in corporate governance from other board appointments, including his work on audit committees. I look forward to Dan’s fresh perspectives as we continue our commitment to our customers, staff, and community,” said John J. Regazzi, Chairman of the Board of Managers.

Dan currently serves on both profit and non-profit boards. He also was a senior advisor for the Thayer Group in which he worked with companies to build teams, develop leadership, and coach senior executives. Dan received his bachelor’s degree from the United States Military Academy at West Point and his master’s degree in economics from the University of Oklahoma. He was a four-year NCAA Division 1 student athlete in basketball.

Upon his appointment, Dan remarked, “I am excited to join CSS as they launch their strategy embarking on a critical, high growth phase for the business. I very much look forward to working with the Board and the management team as we continue to maximize growth opportunities and create value for all stakeholders.”

About CSS

Converged Security Solutions (CSS) is a customer-centric holding company managing the growth of IT transformation, cybersecurity, and physical security brands. Through its principal holdings, Evolver and eVigilant, CSS is committed to creating value for its clients through IT, cybersecurity, and physical security services and solutions. Founded in 2018, CSS is a privately-held company headquartered in Reston, Va., via the private investments of Hillcrest Holdings Inc. and Akoya Capital LLC. For more information, visit CSS at, Evolver at, and eVigilant at

Share article on social media or email:


News Image

i-payout, the world’s leading provider of customized SaaS software for global disbursements and related payment management solutions continues to expand its global payment capabilities.

i-payout serves industries who need a reliable, low-cost and efficient solution for mass payments across the world. It provides these services to marketplaces, gig networks, affiliate marketing companies, non-gambling eSports, insurance companies, royalties, direct sellers and more.

With an expanding European presence and a growing client base in the Americas, i-payout needed to add capacity to its network. The AFEX API gives i-payout access to its entire global banking infrastructure and compliance capabilities. The technology automatically selects the most efficient payment rails, saving time and money for i-payout’s clients, while simplifying the scheduling and reconciliation process.

“We tested the AFEX services first with their online platform, AFEXDirect, and that quickly convinced us to take the next step to a full integration,” said Eddie Gonzalez, i-payout President and CEO. “The AFEX team made the process fast and easy. The services are a great fit and, now, with the AFEX payments infrastructure we can serve even more clients around the world.”

“We’re thrilled to be working with i-payout,” said Laura McLoughlin, AFEX Americas Partnership Director. “It was a long courtship and we got to know each other very well—they challenged us and we challenged them. We’re looking forward to supporting their growth across the globe.”

About i-payout

i-payout is the world’s leading financial software company that provides a custom platform that facilities global payments. It serves multi-national clients in over 180 countries. System users have over 40 ways to make payments, worldwide. In addition to payment disbursal and related payment management services, the Company’s suite of solutions cover regulatory compliance, fraud/data security, escheatment services as well as identification of year-end taxes due as required by country and regional jurisdictions.

i-payout supports a diverse group of verticals including gig networks, insurance companies, eSports, royalties, marketplaces, clinical trials, direct sellers, and more. The Company was founded in 2007 by Edwin Gonzalez, President & C.E.O. Mr. Gonzalez has held leadership roles within the financial software industry for over 20 years. At i-payout, he collaborates with a highly accomplished group of fintech professionals. Many of which have decades of experience in the fintech space.

For more information write to

Share article on social media or email:

Old Dominion University Announces Partnership with GEICO

A photo of Old Dominion University's Norfolk, Virginia Campus sign

Old Dominion University’s Norfolk, Virginia Campus

Old Dominion University (ODU) is proud to announce they have partnered with GEICO’s Virginia Beach office to help associates advance their education, either on campus in Norfolk or online through ODUOnline. Through ODU and GEICO’s Team Education Benefits, ODU offers classes approved for career advancement at GEICO, plus select degree programs that are covered by GEICO’s employee education benefits.

“Our GEICO office in Virginia Beach is excited to partner with Old Dominion University to remove barriers for our employees to continue to pursue their education,” said Beth Roberts, GEICO Director of Human Resources for Virginia, North Carolina, and Tennessee. “We would love to afford every one of our employees the opportunity to achieve a bachelor’s degree and with Old Dominion’s help we can do that together.”

With ODU, GEICO employees can start or complete a bachelor’s degree or transfer a business degree from Tidewater Community College for credit at ODU. GEICO associates can also prepare for advancement within their careers by taking approved business courses for management associates and aspiring managers.

“We have found continued success in hiring graduates from Old Dominion,” Roberts continued. “We think it is a natural relationship that would benefit all involved.”

The University agrees. “Workforce development has always been a major priority for ODU,” said Andy Casiello, Associate Vice President for Distance Learning. “We are so proud to provide our experience in distance learning to help GEICO employees meet their goals.”

To learn more about the partnership between ODUOnline and GEICO, please visit

About Old Dominion University

Old Dominion University, located in the coastal city of Norfolk, is Virginia’s entrepreneurial-minded doctoral research university and has been delivering distance learning programs for 30 years. We offer more than 100 programs through ODUOnline in a variety of formats, allowing students to complete degree programs across the world. ODU serves more than 24,000 students annually by providing the same rigorous academics online and on-campus. Learn more about ODUOnline’s programs by visiting

Share article on social media or email:

Field Pros Direct acquires Bridgewater Group, Inc.

“Beyond our business growth, we are truly excited to be able to offer both teams more opportunities to grow and expand the family-like culture that both Field Pros Direct and Bridgewater Group, Inc. were built on.” Matthew Anderson, Field Pros Direct

Field Pros Direct, a 4-year-old insurtech company founded on simplifying property claims processes, announced the acquisition of Bridgewater Group, Inc., with their 25+ year track record of success as a third-party administrator (TPA) in the claims space. This acquisition brings together Field Pros Direct’s technology-based claims solutions and Bridgewater’s 25+ years of service-based knowledge, expanding opportunities for both companies, their teams and their stakeholders.

With this new relationship comes opportunities for both companies to accelerate their property, liability, catastrophe (CAT) and TPA claims services by leveraging simple technology and their collective industry expertise. For Insurance Carriers, this relationship will expand the lines of insurance in which Field Pros Direct can offer technology-enabled solutions to streamline the claims process. For adjusters and team members, this will significantly expand opportunities for professional growth.

Field Pros Direct is an experience-focused technology company that helps Insurance Carriers, Adjusters and Service Providers innovate their claims process, simply. Field Pros Direct’s CEO, Matthew Anderson, was drawn to Bridgewater Group, Inc. partly due to their outstanding track record of success in the London markets over the past 25+ years.

“Bridgewater Group, Inc. is well-established in the London market which complimented our history of innovating through Lloyd’s Lab. Between both companies we can offer a wider variety of innovative solutions to the claims ecosystem in both Domestic and London markets, including robust technology-enabled solutions for Property, Casualty and CAT programs and more,” said Matthew Anderson, CEO of Field Pros Direct. “Beyond our business growth, we are truly excited to be able to offer both teams more opportunities to grow and expand the family-like culture that both Field Pros Direct and Bridgewater Group, Inc. were built on.”

“What brought us to Matt Anderson and Field Pros Direct was the level of comfort in knowing that he would take Bridgewater into the future while sharing so many of our values,” said Bridgewater Group’s co-founder, Barry Kriegel. “The potential that I saw with Matt Anderson was far greater than the sum of both parts.”

This acquisition enables both companies to drive further innovation across the Insurance industry through simple technology backed with deep industry expertise.

For more information:

Ally Momot

Marketing Project Manager

(844) 973-4732 ext. 774


Field Pros Direct helps Insurance Carriers, Adjusters and Service providers innovate their claims process, simply. A combination of our proprietary technology and dedication to customer service has established a new standard for claims. Our platform helps carriers eliminate unnecessary fines and efficiencies, while creating a community of dedicated adjusters and service providers to provide the best experience possible. For more information about Field Pros Direct, visit


Bridgewater Group is an 25+ year-old independent adjusting company specializing in third-party administration (TPA) of claims while servicing both Domestic and London-based insurance companies. For more information about Bridgewater Group, visit

Share article on social media or email:

Cysurance Introduces Unique Service Guarantee Product to Help Vendors Deliver More Value

News Image

360Protect lets technology providers build a comprehensive platform that helps clients both prevent and recover from cyberattacks.

Cysurance, LLC, a next-generation platform delivering cyber insurance as a service to protect growing businesses, announced today an innovative new product, 360Protect, allowing MSPs and other IT vendors to enhance their offering while demonstrating accountability.

With 360Protect, technology providers can now provide clients up to a $500,000 service guarantee, certifying their endpoint monitoring, network security and compliance tools against some of today’s most dangerous cyber risks. The product combines elements of the company’s Protect Series and reimburses vendors’ costs to remediate successful attacks or data breaches in their client’s environment.

Now, rather than charging clients for an incident that occurred on their watch or sacrificing precious time performing ‘pro bono’ work to retain a customer, they can offer a holistic solution that includes a robust financial safety net in the event a worst-case scenario comes true.

To launch 360Protect, Cysurance is including two free months for MSP sponsor partners who reserve an annual license by March 31. The fee, only $300 during this promotion, can be paid in monthly installments. Beginning April 1, they can then provide each customer – regardless of endpoints – with up to:

  • $100,000 of ransomware and business email compromise protection
  • $100,000 of compliance failure protection
  • $50,000 of business income loss protection
  • $250,000 of cyber legal liability protection (customer must first exhaust any other applicable service guarantee)

Unlike Cysurance’s suite of customizable cyber liability and errors and omissions insurance policies, 360Protect provides a service assurance and can be bundled with existing offerings using one of two go-to-market strategies. Sponsors can offer it as a value-added benefit, absorbing the nominal cost to differentiate and win and retain more clients. Or they can use it to grow revenue, adding it to their service stack and increasing their product price.

To enroll clients, vendors simply identify the cybersecurity solutions being provisioned and their associated subscriber lists, and Cysurance activates coverage. Payments for any incidents are made within 15 days.

According to Kirsten Bay, CEO and co-founder of Cysurance, “360Protect lets technology providers demonstrate confidence in their solutions while acknowledging today’s evolving risks by building a comprehensive platform that helps clients both prevent and recover from cyberattacks.”

Insurance offered by Cysurance, LLC. NY License #1578397. For more information, visit, follow us on LinkedIn, Facebook and Twitter, or email us at Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit Insurance provided by ACE American Insurance Company and its U.S. based Chubb underwriting company affiliates. All products may not be available in all states. This communication contains product summaries only. Coverage is subject to the language of the policies as actually issued. Nothing in this communication should be construed as involving the sale, solicitation or negotiation of insurance, the provision or offer of insurance services, or the provision or offer of legal advice or services.

Share article on social media or email:

How Important Is Personal Injury Protection Car Insurance for Drivers

News Image

“Personal injury protection can help drivers that got injured in a car accident to receive the treatment they need and obtain help to do the house chores if they got a serious injury.”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Personal Injury Protection insurance (PIP) is one of the least understood types of insurance. Many policyholders don’t know that much about this coverage. This insurance will cover bodily injury after a car accident. This coverage was created because it took to long to decide who caused the accident and had to pay all the medical bills. PIP insurance will cover the policyholder and the immediate family members while occupying a car, or if they are struck by a vehicle while walking on the sidewalk. Also, PIP will cover any person inside the policyholder’s vehicle.

PIP insurance can cover the following expenses:

  • Medical bills. PIP offers coverage for all sort of medical expenses. However, this insurance has some caps on coverage depending on the state’s minimum requirements and by the coverage plan. Drivers that need more protection can choose higher coverage limits.
  • Lost wages. Several types of PIP insurance can provide coverage for lost income. The amount the policyholder can claim will be limited and the insurance will be more expensive. Drivers that have insurance that covers lost wages should think twice before buying PIP insurance.
  • Funeral expenses. This optional feature will cover the cost of a funeral in case someone dies in a car accident. Policyholders should carefully analyze this option and see if the covered amount is enough to pay for all the expenses of a funeral. Also, this option can be useless for policyholders that have life insurance.
  • Death benefit. In case of a death in a no-fault accident, some PIP plans will offer a death benefit. In most cases, the surviving family members will get the unused premium.
  • Important services. PIP coverage will help policyholders that have major medical issues that stop them from fulfilling their daily and weekly house chores. Cooking, mowing the lawn, doing the laundry, and other chores can be nearly impossible to accomplish by someone that has serious injuries. This insurance will reimburse the costs of hiring people that will help the policyholder do everyday chores.

For additional info, money-saving tips, and free car insurance quotes, visit is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

Share article on social media or email:

Bindable Hires New Chief Growth Officer to Expand Business Opportunities

News Image

Bindable, the insurtech leader for alternative distribution, today announced the appointment of Jocelyn Getson as its new Chief Growth Officer. As the insurtech ecosystem continues its trajectory of rapid growth and customer expectations become more grounded in digital solutions, Getson joins the Bindable team at a pivotal time.

As Chief Growth Officer, Getson will oversee Bindable’s distribution strategy and drive growth across both technology and partnerships. She will also be responsible for leading product development and growth initiatives while optimizing existing business models and devising new revenue streams.

“As a company, our focus and approach has always been grounded in innovation, and in an industry that is constantly evolving, we recognize the importance of hiring the right people to ensure we are positioned to best serve our customers and partners,” says Bill Suneson, co-founder and CEO of Bindable. “Jocelyn’s experience in insurance distribution and insurtech combined with her ability to translate a holistic approach of the insurance space into industry leading products, programs, and partnerships will be a great asset to us, and we are looking forward to continued expansion of our products and services under her leadership.”

Prior to joining Bindable, Getson held various leadership positions including Head of SMB Strategy at Slice Labs and VP of Partnership Strategy at Centricity. Most recently, Getson served as VP of Enterprise at Corvus Insurance. In addition, Getson served on the Advisory Board for Warranty Innovations as well as the Board of Directors for the Consumer Technology Association. Getson is a frequent speaker and contributor to industry conferences, events, and publications.

“Bindable continues to lead the industry with its world-class platform, and I am excited to help scale the business during such a transformative time in the industry,” says Jocelyn Getson, Chief Growth Officer at Bindable. “Bindable has an established reputation for excellence, and I look forward to working with Bill and the rest of the team to continue innovating and providing comprehensive solutions to our partners.”

Bindable is well positioned for growth in 2021 as the industry continues to digitize as a result of COVID-19. Getson’s appointment will be crucial in ensuring that Bindable maintains upward mobility by continuing to pave the way for rapid transformation of insurance distribution and growing as a competitive leader of digitization within the insurance industry.

For more information, please visit

About Bindable

Bindable is the insurance technology leader for alternative distribution. Its proprietary platform brings together software, a digital wholesale marketplace, and a full suite of support services to offer flexible, market-ready solutions that connect insurance providers, trusted brands, and consumers. The company is headquartered in Boston, Massachusetts. To learn more about Bindable please visit and connect on LinkedIn, Twitter, and Instagram.

Share article on social media or email:

Hospitality Insurance Group Applies ‘Usage-Based” Coverage to Liquor Liability Market

“Especially with the COVID slowdowns, people simply don’t have as much cash in their pocket. It’s a benefit for them to be able to finance the premium with only 10% down.” said Mark Trombly, Marketing Manager at Hospitality Insurance Group.

New Model Designed to Help Struggling Restaurant Industry with Cash Flow and Financing

Applying an insurance model prevalent in auto insurance and workers compensation, Hospitality Insurance Group has launched a new program that will give bars, restaurants, and any other eligible liquor liability policyholders more flexibility in how they pay their insurance premiums.

Usage based coverage has been adopted for other insurance products but has never before been applied for liquor liability. In order to offer the cash-strapped bar and restaurant industry an affordable financing option, Hospitality entered into a unique partnership with First Insurance Funding.

Hospitality’s Pay as You Pour program was developed to help businesses improve their cash flow by basing their bimonthly premium payments on how much liquor they sell. Premium payments will be lower when sales are down and, conversely, when sales volume is higher, businesses will be contributing more to premium payments. The program comes as many in the hospitality industry face a winter slowdown in business, particularly amid the ongoing COVID-19 pandemic.

“This program will alleviate the financial burden that occurs when insureds have slow months and money is tight, when sales are good, they will pay a higher premium and will be in a better position to make those payments.” said Sandra Haley, Senior Vice President of Underwriting and Marketing at Hospitality Insurance Group.

To participate, businesses must make a down payment of 10 percent, which is significantly less than the usual 20 to 25 percent deposits required to finance premiums. The lower down payment will aid businesses short on cash due to the COVID-19 pandemic.

“Especially with the COVID slowdowns, people simply don’t have as much cash in their pocket. It’s a benefit for them to be able to finance the premium with only 10% down.” said Mark Trombly, Marketing Manager at Hospitality Insurance Group.

The program is a permanent financing option that will continue to be available to businesses after the COVID-19 pandemic.

Participating businesses must also have an acceptable sales verification system to upload. For those who participate in the program the renewal process will be effortless since last year’s sales information will already have been recorded as part of the program. The bimonthly premium payments for the liquor liability will be calculated by taking the average liquor liability rate which will then be multiplied by how much a bar, restaurant, or other business sells in liquor each month.

“At the end of the year, it all settles out, and they only pay for what they actually sold during the year,” Haley said.

Businesses who want to participate should contact their insurance agent.

For more information, email or visit

About Hospitality Insurance Group

Hospitality Insurance Group, headquartered in Southborough, Mass., provides commercial property, general liability, liquor liability, and excess policies to owners of establishments that serve or sell liquor, including bars, taverns, restaurants, social clubs, and liquor stores, as well as caterers and other qualified businesses. Hospitality writes insurance in seven states that include Connecticut, Massachusetts, New Hampshire, North Carolina, Pennsylvania, Rhode Island, and Vermont.

Share article on social media or email:

Agents Secure Certification Victory Over Farmers Insurance

On February 26, 2021, in Irene Parry et. al. v. Farmers Insurance Exchange et al., Case. No. BC683856 (L.A.S.C.), California Superior Court Judge Amy D. Hogue certified a class of California insurance agents appointed by Farmers Insurance Exchange and affiliated companies.

Judge Hogue granted Plaintiffs’ motion for class certification, adopting the Plaintiffs’ class definition of “All individuals who signed a Farmers Agent Appointment Agreement and worked as a Farmers agent in the state of California,” from November 16, 2013 forward. Additionally, the court appointed Plaintiffs Irene Parry and Jeanette O’Sullivan as class representatives and Crueger Dickinson LLC, Wexler Wallace LLP, Nelson & Fraenkel LLP, and Greg Coleman Law PC as class counsel.

Charles Crueger, one of the designated class lawyers stated, “We are happy with the Court’s decision and look forward to addressing the merits and a trial on Farmers’ misuse of the independent contractor designation.”

Plaintiffs in this case allege that Defendants treated the Class Members, captive insurance agents, as employees under California law, and as a result violated California law by not reimbursing the Class Members for the business expenses they incurred running Farmers’ agencies. Plaintiffs filed their motion for class certification on October 16, 2020. A copy of the court’s February 26, 2021 order certifying the class can be found at

“The order granting certification is clear and provides a roadmap of the important and necessary next steps to holding Farmers accountable,” said Edward A. Wallace of Wexler Wallace LLP.

For more information, contact Charles Crueger, Crueger Dickinson, (414) 273-8474,

About Wexler Wallace LLP

Wexler Wallace is a high-stakes litigation law firm with a commitment to excellence and the achievement of meaningful relief for those they serve. Nationally recognized as a leading law firm in complex class action and multidistrict litigation, Wexler Wallace frequently serves as Co-Lead Counsel and other leadership roles against some of the largest and most powerful corporations in the country.

About Crueger Dickinson

Crueger Dickinson is a boutique litigation firm that leads or has been appointed to leadership positions in some of the most complex cases in the nation, including litigation involving the opioid crises, water pollution, vaping products, and independent contractor misclassification cases.

About Nelson & Fraenkel

Nelson & Fraenkel is a Los Angeles based law firm that specializes in handling high-stakes legal matters on behalf of plaintiffs, including in the areas of complex product liability, personal injury, securities, class action, antitrust, insurance bad faith, and business tort litigation.

About Greg Coleman Law PC

Greg Coleman Law has successfully prosecuted complex class actions around the country, obtaining class certification, and appointment of lead counsel resulting in hundreds of millions of dollars in settlements and verdicts in the areas of ERISA, employment law, product liability, consumer cases and all related categories of class litigation.

Share article on social media or email: