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In the News

PSA Insurance & Financial Services Joins Select Group to Offer CyVaR Cyber Risk Evaluation Tool

The firm is the first local independent insurance broker in the Mid-Atlantic region using the product, which PSA staff helped develop. HUNT VALLEY, Md. (March 24, 2017)—PSA Insurance & Financial Services (PSA) is one of a handful of insurance brokers around the country using CyVaR, a risk evaluation tool developed in partnership with PivotPoint Risk […]

PSA Insurance & Financial Services Vice President and Senior Risk Advisor Valerie Corekin, CPCU, ARM Appointed to Cybersecurity Association of Maryland, Inc.’s Board of Directors

HUNT VALLEY, Md. (January 31, 2017)—PSA Insurance & Financial Services (PSA) Vice President and Senior Risk Advisor Valerie Corekin, CPCU, ARM was appointed to the board of directors of the Cybersecurity Association of Maryland, Inc. (CAMI). CAMI is a nonprofit organization formed in 2015 to facilitate sales and job growth for the state of Maryland […]

PSA Insurance & Financial Services Acquires Community Insurance

HUNT VALLEY, MD (January 26, 2017) – PSA bolsters its commercial insurance practice by welcoming Community Insurance (CI) into the PSA family. CI is a highly-reputable, independent commercial and personal insurance agency located in Towson, MD that has served business and individuals clients in the Mid-Atlantic region since 1992. “We are very pleased to bolster our […]

PSA Insurance & Financial Services Hires Mike Volk to Head Specialty Cyber Division

With cyber attacks at an all-time high, PSA’s risk solutions team adds experienced expert to oversee specialty practice focused on education and mitigation. HUNT VALLEY, Md. (January 4, 2017)—PSA Insurance & Financial Services (PSA) announces the expansion of its cyber risk management expertise through the establishment of a dedicated specialty practice to be led by […]

PSA Insurance & Financial Services Announces Acquisition of NextLogical Benefit Strategies

Acquisition enhances PSA’s group benefits services with new solutions to lower healthcare costs. HUNT VALLEY, Md. (October 17, 2016)—PSA Insurance & Financial Services (PSA), the country’s ninth fastest-growing benefits broker, continues to grow with the acquisition of NextLogical Benefit Strategies, a full-service benefits consultancy with a specialty in reducing healthcare costs through a unique health […]

PSA’s Senior Safety Consultant & Property & Casualty Account Executive recently spoke at a Global Safety Conference

PSA’s Senior Safety Consultant Steve Pomponi and Property & Casualty Account Executive, Valerie Corekin, recently spoke at a Global Safety Conference with over 4,000 attendees. During the event, Steve and Valerie presented at a breakout session for the American Society of Safety Engineers (ASSE) discussing the topic “Cyber Risk, It’s no Longer the IT Department’s Concern, […]

PSA Insurance & Financial Services Ranked #9 in Business Insurance list of Fastest Growing Benefits Brokers

Hunt Valley, MD – April 21, 2016 – PSA Insurance & Financial Services (PSA) has been ranked 9th on the 2015 Business Insurance list of Top 25 Benefits Brokers by Growth. With over 33% year-over-year growth, PSA is one of only two privately held brokers in the mid-Atlantic region to make the list. To be […]

PSA Supports CAMI’s Cyber Security Event: An Executive’s Guide to a Comprehensive Cybersecurity Strategy

PSA is proud to sponsor and participate as a panelist at the first signature event of the Cybersecurity Association of Maryland, Inc. (CAMI) cohosted by the Maryland Department of Commerce, Chesapeake Regional Tech Council, and Greater Baltimore Committee.

PSA Insurance and Financial Services, and Construction Risk Solutions Pledge their Support to Operation: Tohidu

PSA and CRS Donate $35,000 to Melwood’s Alternative program for Warfighters UPPER MARLBORO, MD – November 9, 2015 – PSA Insurance and Financial Services (PSA), and Construction Risk Solutions (CRS) renewed their commitment to Melwood’s mission with a donation in support of the organization’s newest program, Operation: Tohidu.  PSA and CRS have pledged $35,000 towards […]

PSA Insurance & Financial Services Announces Partnership with United Capital Financial Advisers in its Wealth Management and Retirement Plans Practices

Partnership enhances companies’ wealth management and fiduciary consulting services HUNT VALLEY, Md. – November 5, 2015 – PSA Insurance & Financial Services today announced the transition of its wealth management practice to United Capital Financial Advisers, LLC (United Capital). In an additional strategic effort to focus on providing clients with the best services possible, PSA has […]

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Recent Blog Posts

Jun
16th
5 Ways Cyber Insurance Can Help Your Physician’s Practice Manage Cyber Risk

Did you know? To date, in 2017 there have been 133 reported data breaches in the healthcare industry – on average 17,849 records breached per incident. The Ponemon Institute estimates the cost per lost or stolen healthcare record to be about $400. This does not include fines and penalties, which can further increase the cost. […]

Jun
8th
Ever been asked to provide a Certificate of Insurance?

A question I hear from clients often is “How do I get a Certificate of Insurance?” A request for a Certificate of Insurance (COI) may be the most frequent interaction you have with your property and casualty broker or your insurance carrier. If you’ve never had to obtain a COI before, here’s an overview of […]

May
31st
What is a Controlled Group?

When several entities (whether incorporated or unincorporated) share common ownership, a controlled group or common control may exist.  For many IRS benefit plan purposes, a controlled group is treated as a single employer.  For example, the determination of an employer’s size for purposes of COBRA, Medicare Secondary Payer rules and the ACA’s Applicable Large Employer […]

May
25th
PSA’s Office Renovation Improves Employee Engagement, Performance and Client Experience

Research has shown that employees who are highly dissatisfied with their work environment are often the least engaged. And that lack of engagement can often translate to poor customer service and less satisfactory client outcomes. At PSA, we recognize the importance of a favorable work environment for our employees — so they’re equipped to better […]