Category: Success Stories

Business Issue A family restaurant chain was looking to partner with an insurance broker that could, among other things, help decrease workers’ compensation losses. Although the business had a dedicated team to manage safety and claims, frequent losses were impacting the experience mod, resulting in rising insurance premiums. After evaluating their options, the client selected…

Business Issue A McGriff client received notice of an unexpected Department of Transportation (DOT) audit with only three days to prepare. Very concerned, they contacted their McGriff representative who brought in a consultant with the McGriff Risk Services team. In order to better understand the client’s business, the risk control consultant reviewed their Central Analysis…

Business Issue A formal inquiry and request for information was sent by the Justice Department to a school insured through McGriff. The inquiry notice was based on the Sherman Antitrust Act, a federal law that prohibits contracts, combinations, or conspiracies “in the restraint of trade or commerce”. The Justice Department alleged the private school had…

Business Issue Our client sustained a large property loss when a sprinkler pipe broke and flooded their school. They contacted their McGriff Risk Services claim consultant to discuss the situation. Because the building was leased and still within the one year “guarantee” provided by the building owner, the consultant advised the client the building owner…

Business Issue As a result of a severe storm with heavy rain and high winds, a McGriff client in the dairy farm business sustained property damage to four buildings and some business equipment. The damaged equipment was used to plant corn and water the crops. It was the beginning of the planting season for our…

Business Issue A tropical storm caused an interruption of power to a client’s fire pump system which was permanently installed in a pump house on the premises. When the power came back on, the surge caused the pump to run excessively and catch fire. The client immediately replaced the system to keep their property owners…

Business Issue A McGriff Energy client had suffered a number of transformer property losses, with about $10 million in gross claims over a 4-year period. Aged units combined with a lack of maintenance and testing management programs were partly to blame. The participating insurance panel was no longer comfortable with the account risk quality and…

Business Issue A McGriff client and several of their officers and directors were sued in a shareholder derivative action. The suit claimed decisions were made that negatively impacted the shareholders. Accepting the claim, the carrier reached a settlement with all parties. Part of the settlement required our client to pay the shareholders’ attorney fees in…