Aon Broker Rebecca Salagan Recognized at a 2023 At Large Power Broker
Rebecca Salagan, Vice President and Senior Broker, Aon
There can be few more devastating events than a property being completely flooded, but that’s exactly what happened to Rebecca Salagan’s client.
Detroit Public Schools District, many of whose schools were extensively damaged following severe flooding in the city’s metropolitan area in late June 2021.
In February 2022, the incumbent insurer withdrew its public K-12 school district book of business due to unfavorable loss history. The challenge was to find a property market willing to write all the client’s total insured values, which are split between replacement cost and actual cash value locations.
Added to that. the renewal premium had to be within its budget and the insurers considered the recent multi-million dollar pay out for the water damage claims from the flooding.
After scouring the property market, which involved months of numerous discussions with underwriters in the U.S., London and Bermuda area, as well as her internal team, Salagan obtained a 100% total insurable value quote from a standard market willing to split the statement of values between replacement cost and actual cash value locations, with various deductible options and comparable coverage terms and conditions, all within her client’s budget for the 2022/2023 term.
“Rebecca takes the time to listen to her clients and fully understand their needs and goals,” said one client. “She keeps all lines of communication open during the renewal process with both clients as well as her team to enable her to deliver the best solutions.”
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A Risk & Insurance Power Broker® is an individual who stands out among their peers for the exceptional client work they have delivered over the past year. While brokers play many key roles in the insurance industry and risk profession, a Power Broker® award recognizes problem solving, customer service and industry knowledge.
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