Insurance and Risk Management

MEARIE keeps fingers on the pulses of two industries: electricity and insurance. Both industries are fast-paced and are continually evolving. Over time, MEARIE and MMI have taken steps to create appropriate programs, based on our customers’ needs and industry trends. 

MEARIE by the numbers:  
28,487  Insurance claims settled in MEARIE's 30 year history  
846 Average insurance certificates issued to clients annually            
7,554

Number of policies issued through the Liability, Property & Fleet/Vehicle insurance programs (over our history)

24+

Products & Services developed and made available through MEARIE & MMI

     

 

MEARIE Insurance Programs

1987 

Comprehensive Liability insurance program launched, offering a $16M limit and Claims Fluctuation Reserve is $1.7M 

1988

First Risk Management Seminar

1989

Beginning of the first 3-year u/w period

   

1992

Now called The MEARIE Conference, the first MEARIE Risk Conference was held in 1992 and has run annually since

1993 

Fleet/Vehicle Insurance Program launched

1995

Release of the Risk Assessment Manual, which has been periodically updated through the years

1997

Pooled Cash Management Program offered

   
2002

EDFIN – first bond offering of $175M to 5 participating LDCs

2004

Property Insurance Program is launched

2006

Introduction of the Credit Insurance Program

2007

MEARIE Insurance Services Inc. (MISI) – a brokerage capability for placing additional insurance risks, beyond our standard programs

  On-Site Vehicle Risk Assessment Program is developed

2009

Property Asset Valuation Tool introduced

2010

Buildings Valuation Tool introduced

   

2011

Construction Insurance package is introduced through MISI, including Course of Construction and Wrap-Up Liability products

2011

ClearRisk Manager, an online tool for the creation of risk plans, is launched

2012

Increased sub-limit options for both the Privacy/Cyber coverage through the Property program and on the Fleet/Vehicle program for replacement cost and vehicle rental allowance

2012

Privacy & Cyber Security Risk Management Guide is published

2013

Board Members’ Accident Insurance is offered

2013

Development and introduction of Privacy, Cyber & Network Security Liability endorsement

 

Two risk management guides are published: Business Continuity Planning Guide and Human Capital Risk Management Guide

2014

Enhancement developed for Crime insurance coverage

 

Directors & Officers Liability Best Practices Guide is published

2015

Coverage enhancements introduced for the Credit Insurance program 

2016

New product, Representations & Warranties Insurance introduced, to protect against risks involved with M&A transactions

 

Increased Terrorism coverage pool limit for Property Insurance and provided Liability insurance coverage related to the use of Unmanned Aerial Vehicles (drones)

 

Launched new Extra Expense Storm Damage Recovery Insurance, a product created uniquely for LDCs

2017

Increased limit to $30M for Liability and D&O insurance and developed coverage enhancements for the Privacy, Cyber & Network Security Liability endorsement for 2017 policy

 

 


Cyber & Privacy Risk