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Corporate Governance
The manner in which a corporation is directed, and laws and customs affecting that direction. It includes the laws governing the formation of firms, the bylaws established by the firm itself, and the structure of the firm. The corporate governance structure specifies the relations, and the distribution of rights and responsibilities, among primarily four groups of participants – the board of directors, managers, workers, and shareholders. This system spells out the rules and procedures for making decisions on corporate affairs, it also provides the structure through which the company objectives are set, as well as the means of attaining and monitoring the performance of those objectives.
Insurance Industry News from ProgramBusiness.com
Oryx Grand OpeningWelcome to our new storefront owner: Oryx Insurance Brokerage, Inc..
Oryx Insurance is a Program Administrator specializing in construction underwriting.
In business since 1996, Oryx has underwriting relationships with several “A” rated carriers offering mono-line and all lines coverage specifically tailored for the construction industry.
Oryx is one of the few program administrators that brokers can turn to for construction underwriting. The program has grown from writing only Upstate New York contractors to territory covering most of the northeast. Concentrating on 30 specific construction-related classes, premium growth has averaged 15-20% per year. With the increase in premium, the breadth of services has also expanded beyond workers compensation to include several “A” rated carriers offering general liability, inland marine, property, umbrella and auto.
Oryx provides real loss control services, not lip service, from writing and implementing safety programs to construction site audits. Oryx’s loss control team has over 50 years of experience in construction and industrial safety and loss control.
Claims management is also vital to insuring that the health of your customers workers compensation mod’s are kept in check. Oryx has hired one of the most aggressive claims management TPAs in the country.
The combination of loss control, claims management and the concentration of underwriting construction only accounts makes Oryx your only source for construction underwriting.
For more information, visit their storefront at www.programbusiness.com.
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