Hub International Limited | November 08, 2021
Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of Calculated Risk Advisors, LLC (Calculated Risk Advisors). Terms of the transaction were not disclosed.
Located in Chicago, Illinois, Calculated Risk Advisors is a boutique risk consulting firm and professional liability insurance brokerage, which supports its clients on alternative risks, complex insurance and errors and omissions. Tom Firestine, Managing Principal, and the Calculated Risk Advisors team will join Hub Midwest West.
About Hub's M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise.
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.
Cision PR Newswire | October 19, 2020
MAPFRE and Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry, have come together to radically transform the way customers deal with insurance claims. Shift, who had already disrupted the insurance world with their acclaimed AI-powered fraud solution, is now leveraging its experience in claims to create a state-of-the-art, end-to-end claims automation solution. Together with MAPFRE, the company aims to deliver an instant, friendly and transparent experience.
Numerous studies show that filing an insurance claim is often cumbersome for customers and that the process typically takes longer than expected. Once they have notified their insurer of the incident, customers report finding it difficult to navigate the various steps of the claims process.
Cowbell Cyber | October 29, 2020
Cowbell Cyber, the business' first AI-controlled cyber protection supplier for little to fair sized organizations (SMBs), today declared its arrangement to twofold down on significance and cyber versatility with inclusions explicit to classes of business known for complex cybersecurity measures. This makes Cowbell the first cyber protection firm to bring a conceded protection item that delivers presentations special to assembling, development and different classes of business, shutting the insurability hole for enterprises crucial to the U.S. economy.
Cybercriminals cast a wide assault net to invade each class of business and have as of late increase their objectives on organizations like development and assembling developing enterprises progressively turning out to be more innovation subordinate. These indispensable ventures have remarkable necessities that envelop the physical and virtual world and as per the Cyber Insurance. The Market's View 2020 overview, these enterprises are indicating a solid move towards expanded cyber protection schooling and reception.
"Every business is at risk of a cyber incident but the exposures and subsequent damages can vary drastically in type and scope by sector. Businesses in every industry are rapidly building awareness about the unique cyber threats they face," said Jack Kudale, CEO and Founder at Cowbell Cyber. "Cowbell Prime 250 goes beyond offering generic coverages, enabling insurance buyers to not benefit from customized policies but also add coverages for cyber incidents unique to their class of business."
Unique endorsements available with Cowbell Prime 250 include:
Contractual Damages Endorsement for the manufacturing industry: Provides financial protection when the manufacturer faces a cyber event that triggers third party liability caused by the inability to fulfill a contractual requirement, the compromise of customer information or contractual damages that an unfulfilled contract might trigger for the customer.
Missed Bid Endorsement for the construction industry: Provides construction with additional financial coverage for missed income when a cyber incident triggers a business interruption that prevents the construction company from bidding for or responding to an RFP.
Cowbell Breach Fund with additional separate limit endorsement: Provides separate limit for the coverage of expenses common to many cyber events such as forensic services or notification to individuals and entities impacted by the incident. The limit for this fund can be extended through a Separate Limit Endorsement for classes of business carrying a large population of customers.
Utilizing Cowbell, operators and merchants can now quickly and effortlessly convey cyber protection contributions that are exceptionally applicable to their customers. Beginning with three preset industry-explicit bundles - Basic, Popular, Elite - they can, in a couple of snaps, redo strategies or add supports novel to explicit businesses.
About Cowbell Cyber
Cowbell Cyber is dedicated to providing standalone, admitted, individualized and easy-to-understand cyber insurance for small and mid-size businesses. In its unique AI-based approach to risk selection and pricing, Cowbell's continuous underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue in less than 5 minutes. Cowbell Insurance Agency is currently licensed in 34 U.S. states and provides SMBs with admitted cyber insurance on AM Best "A" rated paper with up to $15 Million in coverage.