HUB International | December 01, 2021
Hub International Limited (HUB), a leading global insurance brokerage and financial services firm, has developed HUB Tenant Liability Captive Insurance for owners, operators and managers of residential rental real estate that will create an additional revenue stream for them by enabling them to retain the majority of the paid premium.
Working with Property Owners Protection Insurance Company, LLC (POPIC), an A-Rated insurer, HUB will roll out the captive to its more than 13,000 residential real estate clients in the U.S. and later in Canada.
"With POPIC, we are changing how a resident liability insurance program can be structured, Chip" Stuart, HUB's Real Estate Specialty Practice Leader. "Our clients will ultimately benefit economically from the captive, collecting the insurance premiums, mitigating risks and easing the administrative burden of implementing and running the program."
Multi-family, student housing and single-family residential rentals require residents to carry liability insurance or "renters' insurance". In the traditional model, an owner, operator and manager will partner with a third-party insurance provider to provide this coverage. HUB Tenant Liability Captive Insurance is designed to give residents a simple, convenient option to fulfill the insurance requirement of the lease while allowing owners, operators and managers to retain the majority of paid premium, rather than a third-party insurance company. The captive insures against resident damage to the property, caused by fire, smoke, explosion, water damage and falling objects and has a policy limit of $100,000 per occurrence with no deductible and no aggregate limit.
With HUB Tenant Liability Captive Insurance, HUB continues its commitment to providing tailored insurance solutions designed to best manage its real estate clients' risks and needs. For more information on HUB Tenant Liability Captive Insurance, click here.
About HUB International
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 13,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow.
Business Wire | September 16, 2020
Northern Trust today announced the launch of its new cloud-based reporting application which further enhances its Insurance Investment Accounting and Analytics Services solution, developed to support the full spectrum of investment portfolio reporting and management needs for U.S. insurance companies. The platform incorporates Northern Trust's award-winning interactive digital interface with the power of the SAP Financial Asset Management (FAM) System data to provide an end-to-end solution covering all asset classes.
NAU Country | January 21, 2022
Agriculture Intelligence, a precision agriculture-science company combining automation, remote sensing and artificial intelligence to provide cloud-based, precision data for specialty crops, has announced a multi-year partnership with NAU Country for its award-winning AI platform Agroview.
NAU Country is America's original Multi-Peril Crop Insurance (MPCI) company and one of the largest federal crop insurance providers in the United States, specializing in MPCI, Crop-Hail, and Named Peril insurance products. The company is part of QBE Insurance Group Limited, a global insurance leader focused on helping solve unique customer risks worldwide.
"We are excited to be selected by NAU Country, We believe sampling methods are a thing of the past. Drone technology must be complimented by smart technology and Agroview drives business value. The guessing game is over. We understand that consistent and accurate results are at the core of what any insurer must have. We believe this partnership proves our results and we are excited to be able to add value to a well-established insurer such as NAU Country"
-CEO of Agriculture Intelligence and Product Officer for Agroview Matthew Donovan.
Agroview employs aerial footage of crops captured by drones and its AI software to determine tree count, gaps, and precise measurements of each tree in the entire grove.
"At NAU Country, we have high standards for our technology partners. We have heavily invested in drone technology, but knew that with the right partner we could do even more – we could use flight imagery and machine learning to help automate tree counts. We expect proven, accurate, and consistent results. In Agroview, we found all three of those qualities. We also see that the team behind Agroview is creating the next wave of proven technology that our industry needs."
-Chief Marketing and Technology Officer Michael Deal at NAU Country.
About Agriculture Intelligence, Inc
Agriculture Intelligence is located in Gainesville, Florida, and a resident client at UF Innovate | The Hub. Its mission is to identify and bring to market the most advanced, proven agricultural solutions that leverage big data, machine vision, automation, and artificial intelligence. Agriculture Intelligence is the global distributor of the Agroview AI platform, developed at University of Florida.
About NAU Country
NAU Country Insurance Company, a QBE Insurance Company, is a leading multi-peril crop insurance company passionate about serving the American farmer and supporting their agents in the continental U.S. Headquartered in Ramsey, MN with branch offices in 10 locations, NAU Country has grown over the years by providing outstanding customer service and leading-edge technology. NAU Country is currently licensed in 48 states and employs over 800 field and office staff across the country. As a division of QBE Insurance Group Ltd., a leading global insurer, NAU Country has the financial strength for today's insurance environment.