Category Archives: Business

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

Business: Executives

Cloud Compiling, LLC Appoints Two, Board of Advisors Executive and President, to Leadership Team in Anticipation of Continued Growth in 2020 and Beyond

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If you use your credit card today, that transaction will likely touch a mainframe. The mainframe is still an integral part of daily computing across the globe and Cloud Compiling products have helped ensure the quality of these types of critical consumer-facing services for nearly 20 years now.


STILLWATER, Minn. (PRWEB)

Cloud Compiling LLC, the provider of seamless cloud computing solutions for IBM® z/OS®, today announced the appointment of Christopher Rence to the company’s executive board of advisors. The company previously announced its hire of Terry Banbury as president and Banbury’s extensive background in mainframe sales and marketing coupled with Rence’s mainframe data regulation and compliance expertise will help extend Cloud Compiling’s promising footprint wider into the Fortune 500, building on the software vendor’s current brand equity. As the mainframe community skills gap widens, Cloud Compiling aims to expand its cloud compiling technology and workflow efficiencies to help large organizations maximize each mainframe dollar.

“Terry brings a vast array of experience and knowledge to our executive team and we anticipate his vision driving our brand to new heights,” said Budd J. Rutter II, founder and CEO of Cloud Compiling. “Terry’s software background and years of selling mainframe solutions will be a valuable resource in leadership as our company sets its eyes on expanding our cloud-based mainframe technologies.”

Banbury’s addition brings decades of experience in sales and marketing over his distinguished career to Cloud Compiling. Banbury’s career began at IBM where he served as marketing representative, corporate sales trainer, then marketing manager and attained 13 consecutive annual president’s club awards. Banbury then became vice president at Applied Data Research (ADR), vice president of sales and marketing at Computer Network Technology (CNT), vice president at Mercury Interactive Corporation (MIC), divisional vice president at CA Inc, regional vice president at ASG Technologies, regional director at Accuvant (Optiv) and account executive at Hewlett Packard. Most recently, Banbury was CEO of pcCashdrawer. In addition, Banbury also co-founded and served on multiple boards of directors including Ultimap International Corporation and Geospan Corporation. Since then, Banbury has consistently demonstrated revenue and capital growth for some of the industry’s leading mainframe entities.

“I am excited for this opportunity at Cloud Compiling and eager to help expand the footprint,” said Banbury. “I’ve known and worked side by side with [Founder and CEO] Budd Rutter for decades and have seen the impact his company and products have made in the marketplace. I look forward to aligning my mainframe experience with the company’s already positive momentum. Bringing Chris Rence on board further strengthens and expedites Cloud Compiling’s success rate.”

New board member Rence has decades of experience in data security and compliance regulation. He brings to the organization expertise in the Global Data Protection Regulation (GDPR), global data security, and cloud security. Rence has served as CIO, CDO and CISO for several technology companies including Digital River, Accenture, FICO Corporation and EQUUS Holding and has demonstrated his ability to drive business growth through his innovative leadership. Most recently, Rence was named CEO of Rimage®, an EQUUS Holdings company.

“This is an exciting opportunity and I’m honored to be working with such an innovative company serving the IBM community,” said Rence. “If you use your credit card today, that transaction will likely touch a mainframe. The mainframe is still an integral part of daily computing across the globe and Cloud Compiling products have helped ensure the quality of these types of critical consumer-facing services for nearly 20 years now.”

Cloud Compiling products for compiling on IBM z/OS offer customers a way to reduce monthly IBM compiler license fees by 50 percent. The Stillwater, Minnesota-based software vendor’s technology leverages virtualized z/OS language compilers, allowing organizations to eliminate the need for multiple compiler licenses and the hardware resources that use them by consolidating and hosting them in the cloud. Customers deploying Cloud Compiling realize cost savings and operational benefits from day one with no up-front investment.

About Cloud Compiling

Cloud Compiling, LLC extends the benefits of cloud computing to the IBM z/OS platform. With its patent-pending technologies, Cloud Compiling is the only true cloud compiling solution developed for IBM System Z, bringing cost effective compiling alternatives to the mainframe environment. Cloud Compiling’s innovative compiling technologies support COBOL, PL/1, FORTRAN and C/C++ programming languages. The company offers solutions for in-house private cloud installation and turnkey public cloud deployment, resulting in reduced expenses and increased operational efficiencies for its customers.

For more information on Cloud Compiling, LLC, please visit us at http://www.cloudcompiling.com.

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Business: Insurance

Maestro Health Appoints Kathleen Sweitzer as General Counsel and Pete Murphy as Chief Technology Officer

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CHICAGO (PRWEB)

Maestro Health, tech-enabled third-party administrator (TPA) for employee health and benefits, today announced the appointments of Kathleen Sweitzer as General Counsel and Pete Murphy as Chief Technology Officer. Sweitzer leads Maestro Health’s legal, compliance and security teams, and Murphy oversees all technology strategy and delivery. They both are members of the executive team, reporting to Maestro Health’s CEO, Craig Maloney.

“Kathleen and Pete’s passion for transforming the healthcare industry, coupled with their decades of experience, is what makes them the perfect additions to our leadership team,” said Craig Maloney, CEO at Maestro Health. “They are changemakers in their respective fields, and I’m excited to see how their expertise and innovative thinking guides our strategy and moves the needle for our clients and their trusted advisors.”

Prior to Maestro Health, Sweitzer served as Associate General Counsel at Aon where she was the chief lawyer for the U.S. Health Solutions business, which provides a broad range of services to health plans, healthcare entities and employers. Before that, she was a partner in the Chicago office of Tressler LLP and represented major insurers in ERISA and corporate liability litigation in federal courts throughout the country.

“I’m honored to serve as the first general counsel in an innovative healthcare environment at a growing company that is backed by one of the largest insurers in the world,” Sweitzer said. “Together with the leadership group and my team, I look forward to cultivating the legal function from the ground up and supporting the business to drive change in the market.”

Murphy most recently served as the interim CIO of CareSource where he oversaw more than 1,000 IT employees and staff, managed data warehouse and business intelligence improvements and led technical planning for a new line-of-business initiative. He also served as CIO at Cardinal Innovations. In his 30 years of experience, Murphy has held various leadership positions, including CTO and CISO at TIAA-CREF, senior operational risk manager at Bank of America and the first CISO of AmSouth Bank (now Regions Financial).

“The healthcare industry is at a pivotal turning point where innovators and risk takers are seeing the most growth, and I’m excited to help drive that transformation at Maestro Health,” Murphy said. “By bringing my experience and industry insight into the technology program at Maestro Health, I intend to enable enhanced user experiences, drive better outcomes and improve quality and delivery for our teams and our clients.”

Learn more about Maestro Health’s leadership team here.

About Maestro Health™

Maestro Health works with employers and their trusted advisors to administer self-funded health plans. By blending cost management, clinical care management and administrative services, we help employers optimize their benefit plans to drive better outcomes at a lower cost.

When partnering with Maestro Health, employers can save money on healthcare and focus on what really matters—their people.

To learn more, visit: http://www.maestrohealth.com.

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Business: Executives

CSG Government Solutions’ Laura Galindo Elected to the National Child Support Enforcement Association Board of Directors

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“We are proud of Laura’s continuous dedication to NCSEA and the wealth of child support knowledge that she brings to this important organization,” says Tim Lenning, CSG’s Child Support Practice Director. “Her experience, passion, and innovative thinking will serve NCSEA and its members well.”


CHICAGO (PRWEB)

CSG Government Solutions, a national leader in government program modernization, today announced that Laura Galindo was elected to serve as a Director on the National Child Support Enforcement Association (NCSEA) Board of Directors. The newly elected Directors will serve a three-year term beginning September 1, 2020.

NCSEA serves child support professionals, state agencies, and partners worldwide through professional development, communications, public awareness, and advocacy to enhance the financial, medical, and emotional support that parents provide for their children. The Board of Directors provides governance for the Association’s business and affairs, including supporting its strategic plan, vision, and goals. CSG has been a NCSEA corporate sponsor since 2013.

Ms. Galindo is a leader in CSG’s Child Support Practice and has more than 25 years of experience in state child and income support programs. Prior to joining CSG, Laura served as the IV-D Director for the State of New Mexico’s Child Support Program. She also previously served on the NCSEA Research Subcommittee, Emerging Issues & Best Practices Committee, Child Support CommuniQue Committee, and Legislative and Education Subcommittee.

“We are proud of Laura’s continuous dedication to NCSEA and the wealth of child support knowledge that she brings to this important organization,” says Tim Lenning, CSG’s Child Support Practice Director. “Her experience, passion, and innovative thinking will serve NCSEA and its members well.”

CSG Government Solutions deploys highly experienced teams and innovative methods, knowledge, and tools to help governments modernize complex programs. CSG clients include 44 state governments, the U.S. Department of Health and Human Services, the U.S. Department of Labor, and large municipal governments.

Contact:

Tim Lenning

Director, Child Support Practice

CSG Government Solutions

180 N. Stetson Ave

Suite 3200

Chicago, IL 60601

312.444.2760 Fax: 312.938.2191

tlenning@csgdelivers.com

About CSG Government Solutions:

CSG Government Solutions is a leading government operations consulting firm focused on helping states modernize critical programs. Our highly experienced teams and industry-leading Centers of Excellence help governments leverage innovative technology and processes to meet the challenges of administering complex programs. Founded in 1997, CSG has established itself as a trusted adviser to government agencies across the U.S. For more information, visit http://www.csgdelivers.com and connect with us on LinkedIn and Twitter.

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Business: Insurance

Florida Farm Bureau Announces State Award Finalists for Young Farmers and Ranchers

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GAINESVILLE, Fla. (PRWEB)

The finalists have been selected for Florida Farm Bureau’s 2020 Achievement in Agriculture, Excellence in Agriculture and Discussion Meet awards. The awards honor young farmers and ranchers between the ages of 18-35 for their hard work, innovation and ability to solve top agricultural challenges. The finalists will compete mid-October and the award winners will be announced at the Florida Farm Bureau Virtual Annual Meeting, Oct. 22, 2020.

The 2020 Achievement in Agriculture Award finalists are:

Chance Clay (Putnam County): Clay is a cattle, timber and blueberry farmer in San Mateo.

Michael and Brooke Hill (Lake County): The Hills manage Southern Hill Farms, a U-Pick and commercial blueberry farm in Clermont.

Dennis and Sarah Beth Carlton (Hillsborough County): The Carltons are cattle ranchers and strawberry growers in Dover.

The Achievement in Agriculture Award recognizes members of Florida Farm Bureau’s Young Farmers and Ranchers program who excel in their involvement in agriculture, leadership abilities and participation in Farm Bureau and other civic and service organizations. Each Achievement in Agriculture award finalist will undergo an on-site farm visit by a team of qualified judges as part of the final selection process.

The 2020 Excellence in Agriculture Award finalists are:

K’Leigh Combs (Duval County): Combs is the supervisor for her family’s Agritourism program in addition to managing other entities of the family ranch.

Matt Griffin (Lake County): Griffin is an experienced farm manager with a B.S. degree in Food & Resource Economics. He is a past member of the Florida Farm Bureau State Young Farmers and Ranchers Leadership Group.

Scarlett Jackson (Polk County): Jackson serves on the Florida Farm Bureau State Young Farmers and Ranchers Leadership Group and is the Executive Director of the Florida FFA Foundation.

The Excellence in Agriculture Award is based on an applicant’s involvement in agriculture, leadership ability and participation in Farm Bureau and other civic organizations.

The 2020 Discussion Meet finalists are:

Tyler Pittman (Alachua): Pittman is a Gilchrist County Extension Agent and serves on the Alachua County Young Farmers and Ranchers Committee.

Rebecca Hall (Alachua): Hall is the co-founder and vice president of Promised Land Family Ministries. The mission of the non-profit is to teach children about God through agriculture.

Matthew Gonzalez (Levy County): Gonzalez holds a BAS in Diversified Agriculture and is the current farm consultant manager at Sparr Building and Farm Supply.

Ben Morris (Palm Beach County): Ben Morris is a member of the Florida Farm Bureau State Young Farmers and Ranchers Leadership Group. He works for Farm Credit of Florida.

The Discussion Meet contest is designed to simulate a committee meeting during which discussion and active participation are expected from each participant. This competition is evaluated on an exchange of ideas and information on a pre-determined topic.

Florida Farm Bureau, the state’s largest general agricultural organization, represents more than 142,000 member-families. We serve to enhance farm enterprise and improve rural communities.

Note to editors: This news release should be of particular interest to media covering Alachua, Duval, Hillsborough, Lake, Levy, Palm Beach, Polk and Putnam counties. Contact michele.curts@ffbf.org to schedule an interview with the award finalists.

Media contacts:

Rachael Smith, Interim Public Relations Director

352.374.1521

rachael.smith@ffbf.org

Michele Curts, Leadership Programs Coordinator

352.374.1541

michele.curts@ffbf.org

# # #

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Business: Executives

Hivestack Announces Nikki Hawke As Chief Marketing Officer

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I am thrilled to join Hivestack at this point in their strategic evolution. The potential for programmatic DOOH has never been higher and I’m looking forward to helping enable the next chapter of their global growth.


TORONTO (PRWEB)

Hivestack, a global ad tech leader in digital out-of-home (DOOH), today announced the appointment of global marketing strategist Nikki Hawke to the position of Chief Marketing Officer.

As Hivestack’s first ever CMO, Hawke will report to the Company’s Chief Executive Officer, Andreas Soupliotis. She will lead the team responsible for the Company’s advertising, sponsorship, digital and product marketing as Hivestack continues to focus on worldwide expansion and exponential growth across both the buy and sell side of the business.

“Nikki’s unique experience in ad tech and programming combined with her proven track record in consumer marketing makes her a rare specialist and a tremendous asset to our leadership team,” said Andreas Soupiliotis, Chief Executive Officer, Hivestack. “Her knowledge and passion for driving growth, matches our goals and the incredible opportunity ahead of us. I am delighted to welcome her to the team.”

Prior to joining Hivestack, Hawke served as CMO of New York-based Prohaska Consulting where she led marketing in addition to all brand and agency consulting projects as Global VP, Marketer & Agency Strategy. Previously, she led a global team as CMO of The Exchange Lab, a UK based programmatic specialist agency that was acquired in 2015 by WPP’s GroupM while she was at the helm.

“I am thrilled to join Hivestack at this point in their strategic evolution”, said Nikki Hawke. “The potential for programmatic DOOH has never been higher and I’m looking forward to helping enable the next chapter of their global growth.”

Hawke holds a Master of Arts in Media Studies from The New School in New York and is currently a resident of Toronto, Canada.

About Hivestack

Hivestack is a global, full stack, marketing technology company that powers the buy and sell-side of programmatic digital out-of-home (DOOH) advertising. On the buy side, marketers use Hivestack’s Demand-Side Platform to create measurable campaigns that activate DOOH screens in real time based on consumer behaviour and audience movement patterns. On the sell-side, DOOH media owners use Hivestack’s Supply-Side Platform & Ad Exchange to attract programmatic revenue. DOOH media owners can also use Hivestack’s Ad Server to power audience-based, directly sold campaigns. Attribution is a first class-citizen throughout Hivestack’s platform, offering buyers and sellers the ability to measure business outcomes at all stages of the consumer sales funnel.

Hivestack is headquartered in Montreal, Canada, and has global operations in Toronto, Tokyo, London, New York and Sydney.

For more information, please visit https://www.hivestack.com or follow us on LinkedIn, Twitter and Facebook @hivestack

Media Contact:

Mélodie Imbert

Marketing Specialist

Hivestack

melodie@hivestack.com

+1 514 692 2826

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Business: Executives

David Vaughan Investments Announces James Sinclair’s Retirement & Several Associate Advancements

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PEORIA, Ill. (PRWEB)

James Sinclair, Treasurer and Chief Compliance Officer, Retires

In February, James “Jim” Sinclair retired after 24 years of exemplary service. Jim started with the firm in 1996 and during his tenure, supported DVI’s growth from a small investment boutique to one of the larger privately held advisory firms in the country. He began his career as DVI’s Manager of Operations which encompassed a wide range of responsibilities in accounting, auditing, human resources, risk management, compliance and IT systems. In July 2007, Jim became a DVI shareholder and in January 2011, he was promoted to his final position as Treasurer and Chief Compliance Officer. Jim played a key role in numerous expansion projects in the Peoria, Illinois office and was integral in establishing the DVI satellite office in Winter Park, Florida. After handling the logistics of opening the original Winter Park, Florida office in 1998, in 2017 he orchestrated its move to the larger and more conveniently located space at 399 Carolina Avenue.

Throughout his career, Jim wore many hats beyond his job title. As Will Williams, DVI’s President and CEO remarked, “Jim once made mention that his original position had grown from one Associate to five. I would have to argue that he short-changed himself; the number I believe now is actually seven! But who is counting?” For Jim, no job was too large or too small; whether he was making executive decisions or shoveling sidewalks on a snowy afternoon, Jim was always a flexible, pro-active leader and a master at planning things down to the finest of details.

New Partners and Advancements

On January 1, 2020, Beth Salmon, CPA was promoted to Vice President of Operations. And, in conjunction with Jim Sinclair’s retirement on February 1st, Mike Price was named Chief Financial Officer & Chief Compliance Officer.

On June 1, 2020, Mike and Beth along with Jeff Huizenga, CFP® – Director of Relationship Management, were named DVI Partners.

Additionally, Stephanie Ricketts, CFP® has been promoted to Senior Relationship Manager and is now leading the Client Service team, which has Client Service Associates in Peoria, Illinois and Winter Park, Florida.

About David Vaughan Investments, LLC

DVI is an investment advisory firm with locations in Peoria, Illinois and Winter Park, Florida. As of July 31, 2020, DVI had total assets under advisement of $3.4 billion. In the fall of 2017, DVI established a new partnership with Morton Community Bank, a $4.4 billion independently owned community bank headquartered in Central Illinois.

For more than 40 years, DVI has provided superior asset management services and wealth management solutions to high‐net‐worth individual and institutional investors. DVI employs a “Quiet Quality” approach to investment management: people of integrity, acting in their clients’ best interests… helping them plan for the future, protect what they have worked so hard to attain, and prosper today and for generations to come. For more information visit http://www.dviinc.com.

Source: David Vaughan Investments, LLC

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Business: Insurance

Inc. Magazine Unveils Its Annual List of America’s Fastest-Growing Private Companies—the Inc. 5000

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Oklahoma Firm Named to Inc. 5000 for Third Time

Receiving this prestigious honor for the third year is a testament to the hardworking nature of our Team. Our employees continue to provide mission critical solutions to the U.S. Government and other clients despite all challenges. I couldn’t be more proud of our Team.


OKLAHOMA CITY, Okla. (PRWEB)

Inc. magazine today revealed that Chloeta is once again on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

“Receiving this prestigious honor for the third year is a testament to the hardworking nature of our Team. Our employees continue to provide mission critical solutions to the U.S. Government and other clients despite all challenges. I couldn’t be more proud of our Team” commented Chloeta Founder and CEO Mark Masters from their Oklahoma City, Okla. headquarters.

Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12. “The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”

The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation. Chloeta is a Native American (Cherokee) owned and operated Professional Services firm providing a diverse range of services to both public and private sector clients in defense, intelligence, homeland security and aviation. Founded in Jay, Okla. in 2009 with humble beginnings, the Chloeta group of companies has risen to dominance in the government contracting profession over the past decade.

For further information and interview requests please contact Public Relations at pr@chloeta.com or 877.245.6382.

More about Inc. and the Inc. 5000 Methodology The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com. For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.

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Business: Insurance

Merchants Information Solutions Partners with Elijah to bring eCollect™ Data Loss Detection Tool to Merchants Customers

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PHOENIX (PRWEB)

Merchants Information Solutions, Inc., a leading data breach risk management, identity theft and integrity testing solution provider and Elijah, Ltd. a leading digital forensic, eDiscovery and cyber security firm, have entered into a strategic partnership to bring the cutting-edge Elijah eCollect™ data loss detection tool to Merchants customers.

“We are excited to partner with Elijah and to be able to provide our customers with such a timely solution to this significant problem. We feel eCollect™ will serve as a critical tool in our clients’s arsenal and we are confident this solution will serve as a valuable resource for our customers,” said Mark Walker, Vice President, Business Development at Merchants.

“More than three out of every four employees take company data when they leave,” said Rick Weber, President of Elijah. “This data can be critical to the organization including trade secrets and customer lists, which can add up to millions of dollars in costs ranging from lost customers to litigation.”

“We are pleased to be able to provide Merchants customers with the ability to detect this loss and potentially avoid these significant costs ”, continued Weber.

Developed by Elijah’s team of digital forensics experts, eCollect™ offers Merchants customers the following unique features:

  • Quickly, efficiently, and inexpensively examine the most common ways in which employees steal data.

  • Maintain employees’ privacy.

  • View thumb drive insertion and file access history in seconds.

  • Assure customers, shareholders and auditors that your organization has taken steps to protect data.

  • Help save millions of dollars in hard and soft costs associated with data theft.


About Merchants Information Solutions, Inc.

Merchants Information Solutions Inc., founded over a century ago, is a pioneer in affordable consumer and business Identity Theft solutions. Through its industry-leading SmartIDentity and SmartIDentity for Business line of products Merchants protects the identities of over 13 million consumers and businesses each day. Merchants is one of less than 5% of all Identity Theft solution providers to offer full-managed recovery, the gold standard in identity restoration. Merchants is also the exclusive provider of IntegrityFirst, which is guaranteed to reduce workers compensation loss rates through its unrivaled money back guarantee program.

For more information please visit: http://www.merchantsinfo.com

About ELIJAH

Founded in 2003, ELIJAH is a multi-award-winning leader in providing expert digital forensic, data security solutions, and managed IT. ELIJAH is owned and managed by former litigation partners and is an efficient boutique digital forensic, cybersecurity and IT solutions provider that makes clients’ lives easier through effective communication and white glove service. For additional information, please visit http://www.elijaht.com or call 866-354-5240.

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Business: Insurance

AssuredPartners Announces Acquisition of Mainstreet Financial Services, Inc.

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AssuredPartners President and COO Tom Riley said, “We are always excited to have a partner join that truly embodies the Power through Partnership spirit. This is a fantastic union between AssuredPartners and Mainstreet Financial Services.”


LAKE MARY, Fla. (PRWEB)

AssuredPartners, Inc. is pleased to announce the acquisition of Seattle, WA based Mainstreet Financial Services, Inc. The dedicated team of 11 professional liability experts currently report reports $2 million in annualized revenues.

Duane Crone of Mainstreet Financial stated, “Mainstreet is the country’s premier provider of professional liability insurance for solo attorneys and small private practice law firms. We have specialized in malpractice insurance for lawyers since 1996 and our team truly focuses on our client needs. When looking for a new partner, we needed to secure a relationship that had similar values and an understanding of our practice. We are pleased to say that we have found that with AssuredPartners and we look forward to joining the national team.”

AssuredPartners Regional President Greg Van Ness said, “We are truly excited to have the team join our growing lawyer’s professional liability practice within AssuredPartners. The staff at Mainstreet has an extraordinary reputation in the space and we are pleased to add such professional and skilled members to our operations.”

AssuredPartners President and COO Tom Riley said, “We are always excited to have a partner join that truly embodies the Power through Partnership spirit. This is a fantastic union between AssuredPartners and Mainstreet Financial Services. In addition, the expansion in the Seattle marketplace is a welcomed addition to our expanding footprint.”

For more information on Mainstreet Financial Services, please visit: http://www.mainstreetlawyersinsurance.com.

ABOUT ASSUREDPARTNERS, INC

Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners, Inc. acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGU’s) across the United States and in England. From its founding in March of 2011, AssuredPartners has grown to over $1.5 billion in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States with over 190 offices in 30 states and England. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or dean.curtis@assuredpartners.com, or visit http://www.assuredpartners.com.

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Business: Insurance

Telematics Programs Prompt Changes in Driving Behavior, But Not All Changes are Permanent

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“Telematics programs play a beneficial role in promoting safe driving and reducing the frequency of auto accidents and associated costs. There are opportunities for insurers to do even better by offering suggestions and strategies drivers can use to make the positive changes permanent.”


MALVERN, Pa. (PRWEB)

According to a new study from the Insurance Research Council (IRC), 80 percent of drivers change their driving behavior while participating in auto insurer-sponsored telematics programs, but not all of the changes are permanent. After participating in a program, 42 percent of those who made changes say that they now drive “pretty much” the same way as before. Just 15 percent say the changes made are permanent, while 19 percent say they only rarely engage in their old driving habits, and 24 percent admit to occasionally reverting to old driving habits.

Insurer-sponsored telematics programs typically involve auto insurers providing participating policyholders with individualized advice and tips on how they can reduce the risk of accidents by changing how they drive. The feedback provided is based on information about actual driving behavior collected during program participation.

“These findings suggest that telematics programs play a beneficial role in promoting safe driving and reducing the frequency of auto accidents and their associated costs,” said David Corum, vice president of the IRC. “The findings also highlight an opportunity for insurers to do even better by offering suggestions and strategies drivers can use to make the positive changes permanent.”

Other issues examined in the study include:

  • Reasons for not participating in a telematics program when offered

  • Concerns about how information about driving behavior is used

  • Factors that encourage participation in telematics programs

  • The impact of participation on insurance costs

  • How drivers use their smartphones while driving

The IRC report, Auto Insurance Telematics and Smartphone Use: Consumer Survey Report, is based on an online survey of 2,099 drivers age 18 and older conducted in March 2020 by Dynata on behalf of IRC. For more detailed information on the study’s methodology and findings, contact David Corum at 484-831-9046 or by email at IRC@TheInstitutes.org. Visit IRC’s website, http://www.insurance-research.org, for information about purchasing a copy of the report.

ABOUT THE IRC

The Insurance Research Council (IRC) is a division of The Institutes, the leading provider of risk management and insurance knowledge solutions. The Institutes offer professional and associate designations, including the CPCU® program, along with introductory, foundation, and leadership programs; online and continuing education courses; custom solutions; assessment tools and industry consortia.

The IRC provides timely and reliable research to all parties involved in public policy issues affecting insurance companies and their customers. The IRC does not lobby or advocate legislative positions. It is supported by leading property-casualty insurance organizations.

CPCU is a registered trademark of The Institutes. All rights reserved

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