New education protector from EPIC safeguards student-athletes' education
EPIC Insurance Brokers and Consultants announced the Education Protector(SM) from EPIC, a product designed specifically for eligible high school athletes under 21 years old and who have received a verbal athletic NCAA scholarship offer With the cost of a college education exceeding $200,000 in some cases, college-bound athletes dependent on athletic scholarships face major exposure to the loss of a scholarship in the event of injury prior to signing a letter of intent with an institution of higher learning. With Education Protector, students and their families can plan against this exposure to a lost education.
The policy provide funds for tuition reimbursement in the event the athlete is injured between receiving the verbal offer for an athletic scholarship or grant and the signing of the Letter of Intent, which binds the athletic scholarship or grant. Education Protector will initially be available in the state of California and will eventually be made available elsewhere across the country.
Hinshaw & Culberston LLP, Barger & Wolen LLP announce merger
Hinshaw & Culberston LLP, a law firm with 460 lawyers in 22 offices around the country, and Barger & Wolen LLP, a California-based insurance litigation and regulatory firm with 45 lawyers in six offices, announced they will combine forces. The merger creates one of the largest insurance law practices in the United States with 120 full-time attorneys dedicated to providing legal counsel to insurance companies and financial services firms that serve the insurance industry.
The partner votes took place on August 28, 2014 and the merger will become effective on October 1, 2014. The combined firm will keep the name Hinshaw & Culbertson and have over 500 attorneys in 11 states, as well as London.
MassMutual names Aruna Hobbs as new head of institutional investments for retirement plans
MassMutual Retirement Services has named Aruna Hobbs as head of institutional investments for retirement plans as part of a strategy to more aggressively promote its mutual funds and stable value investments to retirement plan sponsors and their financial advisors.
Hobbs is overseeing the stable value unit as well as a newly created team of seven sales and service representatives who are promoting MassMutual’s mutual funds to recordkeeping and investment-only clients.