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Appointments & Promotions

Venture Programs Welcomes Diane Baker as Regional Underwriter

WEST CHESTER, PA. May 16, 2017 — Venture Programs (www.ventureprograms.com), a national insurance program administrator, today announced the addition of Diane Baker as regional underwriter for the company’s U.S. south and central regions.

As regional underwriter, Baker will be responsible for writing new business and renewals as she promotes the company’s SUITELIFE program. SUITELIFE, administered by Venture Programs, is an all-lines insurance and risk program for upscale hotels and resort properties.

Baker will concentrate on the south and central regions of the U.S., working to maintain and build new relationships with SUITELIFE agents and carriers. Before joining Venture, Baker was marketing underwriter for FCCI Insurance in Lake Mary, Fla., where she ranked as one of the top three new business writers in the state for four consecutive years. She also served as a commercial lines underwriter for CNA Insurance in Maitland, Fla., where she focused on small business. Baker began her career as a commercial lines underwriter for Erie Insurance in Erie, Pa.

“A driven insurance professional, Diane is truly an asset to our SUITELIFE team at Venture Programs. When it comes to maintaining and cultivating new business relationships, she’s one of the best in the state of Florida,” said Philip J. Harvey, Venture president and founder. We are excited to have her onboard – helping us to promote and build the SUITELIFE brand in the south and central U.S.”

Baker attended Mercyhurst College in Erie, Pa., where she received a bachelor’s degree in business finance. She has also earned several credentials from the Insurance Institute of America including CPCU, AU, AIC and AIS designations and a 2-20 license.

About SUITELIFE

SUITELIFE is a leading insurance provider to the hotel and resort management industry, providing specialty insurance to full-service hotels, boutique hotels, condo hotels, resorts and hotel management companies on an admitted basis across the U.S. The SUITELIFE package includes property, general liability, crime, commercial auto, liquor liability, cyber and privacy liability, umbrella liability and workers’ compensation.

About Venture Programs

Venture Programs is a leading program manager that designs, underwrites and distributes industry-specific insurance packages. Based in West Chester, Pa., Venture has underwriting alliances with the world’s leading carrier groups, including Old Republic, Chubb, Allied World, Hamilton, RSUI, USLI, Zurich North America, Monitor and Lloyd’s of London. Founded in 1993, Venture provides specialty insurance packages for select vertical industries—including golf and country clubs, resorts, hotels, hunting and fishing lodges, and city and social clubs, as well as commercial marine and hard-to-place property risks. Visit http://www.ventureprograms.com/.

Media Contact:
Eileen Coyne
Kimball Communications
ecoyne@kimballpr.com
610-559-7585

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.