Chubb makes Incident Alert tool available to excess casualty clients

Chubb | February 14, 2020

Chubb has announced that its Incident Alert tool is now available for excess casualty clients. The tool has previously been used by Chubb environmental and cyber clients. It assists clients during a catastrophic event by helping to identify qualified response contractors, manage clean-up efforts and mitigate potential liabilities, Chubb said. “Catastrophic losses can happen unexpectedly and at any moment,” said Joe Fobert, executive vice president of Chubb Excess Casualty. “When these events do occur, companies need to have the proper resources ready to deploy at a moment’s notice. A quick response is critical to minimizing exposures and managing the costs of such events. With Chubb’s Incident Alert, we can help our customers minimize disruption to their business, allowing them to focus on returning to normal operations.”

Spotlight

Effective cyber security is not just about technology it involves the whole business and how well risks are managed. Best practice cyber risk management involves understanding inherent risk measurement, risk mitigation and residual risk management. Increasingly, cyber insurance is being used as a vehicle for transferring part of an organisation’s residual financial and legal risk to insurance cover.

Spotlight

Effective cyber security is not just about technology it involves the whole business and how well risks are managed. Best practice cyber risk management involves understanding inherent risk measurement, risk mitigation and residual risk management. Increasingly, cyber insurance is being used as a vehicle for transferring part of an organisation’s residual financial and legal risk to insurance cover.

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