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The Benefits Tech Trust: A Better Solution for Employee Benefits

By Todd Bennett, Principal

clock June 26, 2017 at 10:00 AM

As a small or mid-sized business, we understand a top priority is to make your money go further. When it comes to securing employee benefits insurance, health care pricing options are typically limited for smaller groups.

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Topics: Employee Benefits

Bay Area Office Welcomes Debbie Haliday as GROW Keynote Speaker

By Jennifer Christensen, CIC, Client Manager II

clock June 19, 2017 at 10:00 AM

On May 2, 2017, GROW* hosted its 2nd Bay Area Keynote Speaker Event at Franklin Templeton Investment's San Mateo Campus. The organization was delighted to welcome Debbie Haliday, a former UCLA athlete turned coach and proud wife and mother of three. Her intimate, engaging, and humorous presentation left the audience with the inspiring message that today is everything.

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Topics: GROW

Construction Industry: Are You Ready for an Influx of Work?

By Dan Urias, Client Executive & Richard Hallett, Principal, Director of Surety

clock June 5, 2017 at 10:05 AM

Preparing for Success When New Opportunities Arise

In April 2017, the California State Legislature approved Senate Bill 1, a transportation funding bill. The Road Repair and Accountability Act of 2017 will generate more than $5 billion annually for road repairs and mass transit. The bill addresses a $136 billion backlog of repairs and improvements across California, creating thousands of jobs, an abundance of contract work, and growth opportunities for the construction industry.

While this is great news for eager companies, is your business equipped to handle the influx of work? How can you ensure that your company is set up for success when competing for bids?

A detailed assessment of specific aspects of your operation is the best way to make sure your company is ready. With a strong handle on the following areas, your team will have the best shot at winning and delivering on opportunities created by the transportation bill.

Evaluate Your Capacity

Assess your firm’s bonding and new bid capacity to determine if your current program can support bid opportunities over the next 12–24 months. Begin discussions with your insurance broker and bonding company about pursuing projects under the new legislation and how best to prepare.

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Topics: Property + Casualty, Market Trends

MMA Partners with Beyond School Walls

By Claudette Linzey, Communications Associate, Digital Media

clock May 23, 2017 at 10:00 AM

In the spring of 2016, our Marsh & McLennan Agency's San Diego office began a partnership with Big Brothers Big Sisters of San Diego County (BBBS) through Beyond School Walls (BSW). BSW is an innovative one-to-one youth mentoring program that matches colleagues from neighboring companies with students from area schools in the professional workspace. Through BSW, youth can learn the ins and outs of working for a corporation and the educational requirements needed to achieve professional success. And most importantly, the mentoring program builds strong, supportive relationships.

Roughly twenty MMA colleagues (Bigs) were matched with students (Littles), ranging from ages 11 to 13. A BBBS staff member then managed the program on site while Bigs and Littles worked together on curriculum provided by BBBS. They also toured the office and other times just talked with one another about things like friendship, getting along with teachers, life goals, peer pressure, etc.

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Topics: Community Outreach, Culture

From One CFO to Another: Look for the Game-Changers

By Steve Berk, CFO, Marsh & McLennan Agency - West Region

clock May 15, 2017 at 10:00 AM

As a CFO, I understand the importance of vetting and selecting business partners to support the needs of a growing business. From accountants to law firms, commercial real estate brokers and banks, who you choose to do business with can have a significant impact on the bottom line, your workload and the level of risk to your organization.

When it comes to insurance, I have the benefit of understanding the business as well as the key traits CFOs should look for when evaluating and selecting a broker. The time you gain from partnering with the right insurance broker leaves you more time to focus on your core business strategies and growth opportunities for the future.

The No-Brainers

For most brokers these traits are a given, and for good reason they should be. If they aren’t core strengths, keep looking.

  • Reputation - A solid and long term reputation in your community and the industry often points to a track record of success.
  • Intellectual Capital – Experienced, seasoned and intelligent colleagues, who possess the technical insurance knowledge to guide you on what risks to cover and how best to cover them.
  • Industry Expertise – Depth of knowledge in your specific industry is key. Access to benchmarking data, trends, and industry changes are essential when evaluating your organization’s risk profile.
  • Insurer Relationships – Strong and deep relationships with insurance companies help provide the leverage you need to get the best coverage, best terms and best price available.

The Game-Changers

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Topics: Culture, Inside MMA, Leadership

Cyber Hacking Tactics: Coming From All Angles

By Mike Grant, Principal and Director of Commercial Division

clock May 9, 2017 at 10:00 AM

Cyber crime has become the new norm, with 39% of breaches targeting companies smaller than $100M in revenue [1]. And while healthcare, retail, financial and educational organizations are frequent targets, every company has data and money that the hackers would love to get their hands on. Traditionally, we’ve seen attacks ranging from hacking servers for customer information, to hacking stolen laptops, and spear phishing emails where the hacker sends an email from the traveling CEO or CFO to request a wire transfer to a specific company. During tax season, they have even been sending spear phishing emails to the Human Resources or Finance department to target employees’ W2s.

But cyber hackers are creative and they are always looking for new angles to catch companies off guard.

In the past week, two of our clients have experienced a cyber breach involving some less frequent strategies.

  • Compromising an Amazon store login and diverting funds to a new banking account
  • Spoofing a vendor’s email to request payment to a new account

It’s clear that hackers are getting smarter and using new angles to target businesses. To mitigate your company’s risk, it’s crucial to be vigilant and aware of new types of attempts to steal money and information. Be mindful and train your employees to recognize phishing emails and scams. Confirm requests for changes via a different mode of communication.  For example, if the request came in via email, then call a known number to confirm the requested change.  Beazley Insurance offers additional employee training on phishing here.

For companies seeking proven protection for their cyber, network security and privacy exposures, a Cyber/Data Breach insurance policy remains the best and most affordable insurance solution. Follow our blog to stay up to date with the latest cyber security and insurance trends.

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Topics: Cyber & Data Security, Market Trends

Team Captain of the First American Women's Everest Expedition Inspires GROW to Keep Climbing

By Jennifer Swartz, Communications Associate

clock May 1, 2017 at 11:45 AM

On April 14, 2017, GROW* which stands for Growth in Relationship and Opportunities for Women hosted the 7th Annual Keynote Speaker Event at the Hyatt Regency La Jolla in San Diego. This year, the organization welcomed Alison Levine, Team Captain of the First American Women's Everest Expedition & Author of the New York Times Bestseller On the Edge: Leadership Lessons from Everest and Other Extreme Environments.

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Topics: GROW

Trust Member Saves $180K Annually with CharterShield School Benefits Trust

By Pedro Reyes, Principal

clock April 17, 2017 at 10:00 AM

You heard right. Compared to the direct market or offers from alternative brokers, our client Community Collaborative is saving approximately $180,000 per year by joining the CharterShield School Benefits Trust. Under the trust structure, employers qualify for large group rates, regardless of their size.

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Topics: Employee Benefits, Market Trends

How to Keep Working Remotely From Becoming a Pain in the Neck

By Jeff Hulson, Director, Risk & Loss Advisors

clock April 6, 2017 at 8:00 AM

The flexibility to work anywhere, thanks to the magic of mobile devices and laptops, is mostly terrific except in one crucial way – the punishment it delivers to the human body when effective ergonomic practices are an afterthought.

That’s a real issue for employers as they try to accommodate employees who increasingly value work-life balance and the ability to get their job done outside of the office. A new survey by Bentley University in Massachusetts found that 78 percent of millennia employees want the ability to work from home, and 96 percent say they want flexible work schedules.

So how do employers ensure that a work area or work station outside of the office isn’t going to lead to problems? To find out, read the rest of the San Francisco Business Times article by clicking the button below.

 *Originally published on San Francisco Business Times

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Topics: Property + Casualty, Market Trends

Beyond Benefits Celebrates Historic Rate Decrease

By Erin Schultze, Client Executive, Trust Services

clock March 20, 2017 at 10:00 AM

This year, Beyond Benefits members experienced a 1.4% employee benefits rate decrease, while other life science companies outside of the trust are seeing double digit increases. To celebrate the program’s continued success, Beyond Benefits members joined MMA, Biocom and Anthem Blue Cross for a post-renewal celebration. Check out the video below for more information.

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Topics: Employee Benefits, Health Care Reform, Market Trends

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