NICI Partners with Willis Open

High quality partnerships backed by high quality processes:  Our diverse partners are selected based on their proven capabilities and track record.  Our robust processes ensure that roles and responsibilities are clearly defined for all parties.  We assess our diverse partners’ performance regularly and ensure that we’re all delivering to our highest standards.  Our model is built around sustainable relationships– we’re here for the long-haul.  This process means that there is complete compatibility between solving your business challenges and meeting your supplier diversity goals. Read...

Protect Your Business’s Future

You buy insurance to protect your business if something goes wrong. But with the right loss prevention program, West Bend can help you prevent losses in the first place. A safer workplace can lead to more productive employees, as well as reduced overhead and insurance costs. Read...

Traditional versus OCIP loss funding

Under the traditional multi-policy model for residential construction, the limits of each individual policy could be used to satisfy a large claim. Theoretically, 30 policies with a $1 million limit of liability each could produce $30 million of coverage to fund a loss. In the new insurance model for residential construction under an OCIP, there is only one commercial liability insurance policy to protect the developer, general contractor, subcontractors and sub-subcontractors, and the coverage is restricted to the designated project or projects. A mediator no longer has the ability to tap the multiple individual policies of the contractors who worked on the project to build a fund to resolve the dispute in a construction defect case before the parties have to resort to protracted and expensive litigation. Read...

Winter Causes $4B Loss To Global Economy

Impact Forecasting, Aon Benfield’s catastrophe model development team, today launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during January 2016. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc. Read...