United States: Plews, Shadley, Racher & Braun Announces Successful Completion of First Year of Operation of Insurance and Risk Management Services, LLC
Last Updated: June 25 2004

By P. Kevin Thompson

Insurance and Risk Management Services, LLC, (IRMS) has just completed a successful first year of operation in partnership with Plews Shadley Racher & Braun. IRMS has been conducting "risk assessment" services for property and casualty clientele, while providing a variety of ancillary services to IRMS and Plews Shadley Racher & Braun clients. Kevin Thompson, President of IRMS, states, "We have only begun to scratch the surface regarding clients that can derive significant benefit from this service." According to Kevin, "One of the predominant themes to date has been the significant value-added benefit that many property casualty clients realize from our service. The current state of the property casualty market, ever rising insurance costs, and restrictions on coverage, drive the process and ultimate benefit to our IRMS clients." In short, clients typically receive multiples in return on their investment in IRMS’ services.

To date, IRMS has completed more than a dozen risk assessments, addressed a number of specific issues for particular clients, and generally delivered a much needed service to those companies not having dedicated in-house risk management resource and expertise. IRMS’ client count stands at more than twenty, with referral follow-up and new clients being added weekly.

One of the more significant benefits realized has been the key learnings developed among our clients regarding risk management issues. According to Candy Boyer, CFO of Veritas Realty, LLC, and one of IRMS’s clients for the risk assessment service, "We were less than knowledgeable regarding the relationship of the property casualty markets, our commercial brokerage, and our internal responsibilities with respect to placement of our property casualty coverage and ongoing monitoring of our program." She added, "The IRMS risk assessment allowed us to become more knowledgeable about the process, take a more assertive role in the placement of our risks, and ultimately developed significant savings to our bottom line. At the same time, we developed a much better understanding of the coverages we have, and potential gaps or areas of exposure for which we were not adequately protected."

Rick Schweitzer of Superior Petroleum in Crown Point, Indiana, shared a similar observation. Reflecting on the assistance IRMS provided in Superior’s recent insurance renewal, Rick stated, "They basically opened the doors to other insurance providers, and educated us on how to evaluate competitive products. We had been doing many of the right things, but IRMS facilitated the renewal process by clearly communicating the things we were doing directly to the insurance markets and confirmed that we received proper credit from the underwriters for programs we have implemented. We were also able to solicit comparable quotes, so that we didn’t have to compare apples to oranges. At the end of the day, IRMS’s assistance significantly impacted what might have otherwise been a dramatic increase in our renewal premiums."

Quality Environmental Professionals, Inc., a third IRMS client, had this view. "Beyond the review of our existing program, evaluation of potential gaps and overlaps in coverage, and identification of new coverage requirements (employment practices liability, for example), IRMS also assisted with training of our field representatives in the post- risk-assessment phase. This training effort developed an appreciation amongst our field representatives and an awareness of the exposures in our operation. From a technical stand point, the training also insured our underlying coverages properly addressed the day-to-day exposure resulting from our operation."

IRMS can call on the insurancecoverage- law expertise of Plews Shadley Racher and Braun in assisting its clients. "Not only does an IRMS audit save a client money and assure that it has the best available coverage for its premium dollar, it provides a review of any claims or coverage issues," said George Plews, a partner at Plews Shadley Racher and Braun. "That way, we can help the client get the most out of the insurance it already purchased."

IRMS continues to search for additional opportunities to add value to Plews Shadley Racher & Braun client relationships, while addressing the more immediate needs of its property casualty clients. Plews Shadley Racher & Braun and Insurance and Risk Management Services continue to value your input, and should you have any questions regarding additional opportunities for valued-added services, please contact Kevin Thompson or George Plews.

To print this article, all you need is to be registered on Mondaq.com.

Click to Login as an existing user or Register so you can print this article.

Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By Peter Racher Esq, Donna Marron
By John Bridge
By Kevin Thompson
By Tina Richards
By Todd Janzen
By Todd Janzen
By Todd Janzen
By Todd Janzen
Font Size:
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).
Email Address
Company Name
Confirm Password
Mondaq Topics -- Select your Interests
 Law Performance
 Law Practice
 Media & IT
 Real Estate
 Wealth Mgt
Asia Pacific
European Union
Latin America
Middle East
United States
Worldwide Updates
Check to state you have read and
agree to our Terms and Conditions

Terms & Conditions and Privacy Statement

Mondaq.com (the Website) is owned and managed by Mondaq Ltd and as a user you are granted a non-exclusive, revocable license to access the Website under its terms and conditions of use. Your use of the Website constitutes your agreement to the following terms and conditions of use. Mondaq Ltd may terminate your use of the Website if you are in breach of these terms and conditions or if Mondaq Ltd decides to terminate your license of use for whatever reason.

Use of www.mondaq.com

You may use the Website but are required to register as a user if you wish to read the full text of the content and articles available (the Content). You may not modify, publish, transmit, transfer or sell, reproduce, create derivative works from, distribute, perform, link, display, or in any way exploit any of the Content, in whole or in part, except as expressly permitted in these terms & conditions or with the prior written consent of Mondaq Ltd. You may not use electronic or other means to extract details or information about Mondaq.com’s content, users or contributors in order to offer them any services or products which compete directly or indirectly with Mondaq Ltd’s services and products.


Mondaq Ltd and/or its respective suppliers make no representations about the suitability of the information contained in the documents and related graphics published on this server for any purpose. All such documents and related graphics are provided "as is" without warranty of any kind. Mondaq Ltd and/or its respective suppliers hereby disclaim all warranties and conditions with regard to this information, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title and non-infringement. In no event shall Mondaq Ltd and/or its respective suppliers be liable for any special, indirect or consequential damages or any damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other tortious action, arising out of or in connection with the use or performance of information available from this server.

The documents and related graphics published on this server could include technical inaccuracies or typographical errors. Changes are periodically added to the information herein. Mondaq Ltd and/or its respective suppliers may make improvements and/or changes in the product(s) and/or the program(s) described herein at any time.


Mondaq Ltd requires you to register and provide information that personally identifies you, including what sort of information you are interested in, for three primary purposes:

  • To allow you to personalize the Mondaq websites you are visiting.
  • To enable features such as password reminder, newsletter alerts, email a colleague, and linking from Mondaq (and its affiliate sites) to your website.
  • To produce demographic feedback for our information providers who provide information free for your use.

Mondaq (and its affiliate sites) do not sell or provide your details to third parties other than information providers. The reason we provide our information providers with this information is so that they can measure the response their articles are receiving and provide you with information about their products and services.

If you do not want us to provide your name and email address you may opt out by clicking here .

If you do not wish to receive any future announcements of products and services offered by Mondaq by clicking here .

Information Collection and Use

We require site users to register with Mondaq (and its affiliate sites) to view the free information on the site. We also collect information from our users at several different points on the websites: this is so that we can customise the sites according to individual usage, provide 'session-aware' functionality, and ensure that content is acquired and developed appropriately. This gives us an overall picture of our user profiles, which in turn shows to our Editorial Contributors the type of person they are reaching by posting articles on Mondaq (and its affiliate sites) – meaning more free content for registered users.

We are only able to provide the material on the Mondaq (and its affiliate sites) site free to site visitors because we can pass on information about the pages that users are viewing and the personal information users provide to us (e.g. email addresses) to reputable contributing firms such as law firms who author those pages. We do not sell or rent information to anyone else other than the authors of those pages, who may change from time to time. Should you wish us not to disclose your details to any of these parties, please tick the box above or tick the box marked "Opt out of Registration Information Disclosure" on the Your Profile page. We and our author organisations may only contact you via email or other means if you allow us to do so. Users can opt out of contact when they register on the site, or send an email to unsubscribe@mondaq.com with “no disclosure” in the subject heading

Mondaq News Alerts

In order to receive Mondaq News Alerts, users have to complete a separate registration form. This is a personalised service where users choose regions and topics of interest and we send it only to those users who have requested it. Users can stop receiving these Alerts by going to the Mondaq News Alerts page and deselecting all interest areas. In the same way users can amend their personal preferences to add or remove subject areas.


A cookie is a small text file written to a user’s hard drive that contains an identifying user number. The cookies do not contain any personal information about users. We use the cookie so users do not have to log in every time they use the service and the cookie will automatically expire if you do not visit the Mondaq website (or its affiliate sites) for 12 months. We also use the cookie to personalise a user's experience of the site (for example to show information specific to a user's region). As the Mondaq sites are fully personalised and cookies are essential to its core technology the site will function unpredictably with browsers that do not support cookies - or where cookies are disabled (in these circumstances we advise you to attempt to locate the information you require elsewhere on the web). However if you are concerned about the presence of a Mondaq cookie on your machine you can also choose to expire the cookie immediately (remove it) by selecting the 'Log Off' menu option as the last thing you do when you use the site.

Some of our business partners may use cookies on our site (for example, advertisers). However, we have no access to or control over these cookies and we are not aware of any at present that do so.

Log Files

We use IP addresses to analyse trends, administer the site, track movement, and gather broad demographic information for aggregate use. IP addresses are not linked to personally identifiable information.


This web site contains links to other sites. Please be aware that Mondaq (or its affiliate sites) are not responsible for the privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of these third party sites. This privacy statement applies solely to information collected by this Web site.

Surveys & Contests

From time-to-time our site requests information from users via surveys or contests. Participation in these surveys or contests is completely voluntary and the user therefore has a choice whether or not to disclose any information requested. Information requested may include contact information (such as name and delivery address), and demographic information (such as postcode, age level). Contact information will be used to notify the winners and award prizes. Survey information will be used for purposes of monitoring or improving the functionality of the site.


If a user elects to use our referral service for informing a friend about our site, we ask them for the friend’s name and email address. Mondaq stores this information and may contact the friend to invite them to register with Mondaq, but they will not be contacted more than once. The friend may contact Mondaq to request the removal of this information from our database.


This website takes every reasonable precaution to protect our users’ information. When users submit sensitive information via the website, your information is protected using firewalls and other security technology. If you have any questions about the security at our website, you can send an email to webmaster@mondaq.com.

Correcting/Updating Personal Information

If a user’s personally identifiable information changes (such as postcode), or if a user no longer desires our service, we will endeavour to provide a way to correct, update or remove that user’s personal data provided to us. This can usually be done at the “Your Profile” page or by sending an email to EditorialAdvisor@mondaq.com.

Notification of Changes

If we decide to change our Terms & Conditions or Privacy Policy, we will post those changes on our site so our users are always aware of what information we collect, how we use it, and under what circumstances, if any, we disclose it. If at any point we decide to use personally identifiable information in a manner different from that stated at the time it was collected, we will notify users by way of an email. Users will have a choice as to whether or not we use their information in this different manner. We will use information in accordance with the privacy policy under which the information was collected.

How to contact Mondaq

You can contact us with comments or queries at enquiries@mondaq.com.

If for some reason you believe Mondaq Ltd. has not adhered to these principles, please notify us by e-mail at problems@mondaq.com and we will use commercially reasonable efforts to determine and correct the problem promptly.