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Several market changes are underway in the nonprofit and social services insurance landscape, which means agents like you likely need new strategies to successfully build your book.

During this webinar, industry experts from Care Providers Insurance Services (CPS) — the leader in nonprofit and social services insurance for 25+ years — cover what you need to know and how CPS can help you nail new business and renewals in this niche!

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Welcome to Wayne’s Claims World!

In this series, we share information on claims trends as well as tips and resources for our agents to better protect themselves and their clients if they face a claim. This month, we’re diving into an important and timely topic: thermonuclear verdicts and their impact on the industry.

Thermonuclear verdicts are extraordinarily high jury awards, often reaching into the millions or even billions of dollars. As the hard market intensifies, it’s crucial for P&C agents to understand the evolving risks that are shaping our industry.

We delve into key issues surrounding thermonuclear verdicts, such as third-party litigation funding and traumatic brain injury (TBI) claims, all of which have significant implications for risk management and insurance stability.

Understanding the dynamics of these hot button issues can help mitigate their impact on P&C clients. We break down each of these categories to help inform our agents on how to best navigate this landscape with their clients.

Through proactive measures and strategic planning, agents can navigate these complexities — ensuring stability and continued growth for their clients even in an increasingly litigious environment.

Check Out Wayne’s Tips on Mitigating the Impact of Thermonuclear Verdicts

Agents, if you have any claims, please inform us immediately.

Disclaimer: The information and recommendations in this blog are not legal advice and are not intended to constitute legal advice. If anyone reading any part of this blog believes that they want legal advice or need legal advice, they should seek legal counsel with lawyers who are licensed to practice law in their State. The recommendations in this blog are for general informational purposes only.

As a benefit of partnering with NSM Insurance Group, Wayne is available as a resource to help agents and their insureds at any time! Wayne can assist in many ways, from reviewing manuals to visiting a site to discuss loss mitigation.

Wayne King
wking@nsminc.com
(860) 707-6273

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On Sunday, July 21^st, 2,300 riders participated in the 37^th Annual Ben to the Shore Bike Tour from Philadelphia to Atlantic City — crossing over the iconic Ben Franklin Bridge to kick off their 65 miles!

This inspiring ride is the main fundraising event hosted by the Families Behind the Badge Children’s foundation — a Philadelphia-based nonprofit organization focused on supporting families of fallen or critically injured first responders, as well as fostering healthy relationships among the communities in which they serve. This foundation — and specifically this marquee event — is a key pillar of the NSM culture and is near and dear to many NSM team members, including our CEO & Founder Geof McKernan who is Chairman of the foundation’s board. 

NSM has been the title sponsor of the Ben to the Shore for nearly 20 years and NSM team members and their families showed up BIG this year for the 37^th ride! We had over 25 people on our riding team who either did the 65-mile ride to Atlantic City or the 30-mile ride to Hammonton, NJ. We had over 50 people volunteer the day of the event, helping with critical areas such as handing out water bottles to riders, setting up the after party and tagging bikes. 

Each participant played a vital role in the success of this annual fundraising event — and we are proud to announce that Team NSM contributed this year’s grand total of $1.4 million raised for the Families Behind the Badge Children’s Foundation!  

At NSM, we value the time when we come together with our neighboring communities and find ways to give back. The atmosphere throughout this ride is energizing as we rally together for a good cause to help our local first responders and their families and strive to build unity with the community and police officers who serve them.  

A very special thank you to everyone who participated this year, especially our NSM Team Riding Captains Clinton Smith and Mikaela Bakey and our NSM Volunteer Captains Hannah Heron and Jared Wisocky!

Team NSM is already looking forward the 38^th annual ride in 2025….until next year!

 

 

 

 

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In honor of National Wellness Month this August, we are spotlighting the “Yogis” of NSM — our team members who participate in the company’s yoga class every Wednesday in the fitness center at our Conshohocken headquarters. Health and fitness is a key pillar of the culture at NSM — from a company softball team to a cycling club to an onsite state-of-the-art gym —there’s something for everyone!

Our “yogi” team members take a break from their insurance careers to participate in our weekly yoga class to help recharge their minds and bodies. The class is led by yoga instructor Sarah Carbo and all team members are welcomed — regardless of experience level! As Sarah says, “It’s yoga practice, not yoga perfect!”

Sarah helps our team members try different styles of yoga, tackle new poses and try out different breathwork techniques, which can benefit you during a busy workday — even when you’re not on the yoga mat! The weekly class is also a great way for our team members to meet new people from various departments across NSM, get to know each other better and build relationships and camaraderie.

“Class is a great way to ground myself midway through the week. I can reenergize and refocus my mind and body to take on the remainder of the week.”  

– Kevin Cornell, CPS Senior Underwriter

Numerous studies highlight the health benefits of yoga and why it’s worthwhile to incorporate into your wellness activities. Still on the fence about joining an NSM yoga class? Here are the top 10 benefits of yoga:

1. Yoga promotes better self-care
2. Yoga improves strength, balance and flexibility
3. Yoga helps with back pain relief
4. Yoga can ease arthritis symptoms
5. Yoga benefits heart health
6. Yoga relaxes you and helps you sleep better
7. Yoga can mean more energy and brighter moods
8. Yoga helps you manage stress
9. Yoga connects you with a supportive community — including your colleagues!
10. Yoga and moving your body is fun and rewarding

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