INSURANCE TECHNOLOGY
OpenSpace | June 23, 2022
OpenSpace, the global leader in 360° Jobsite capture and AI-powered analytics, announced a new collaboration with Shepherd, a commercial insurance provider for the construction industry, today. Based on their usage, OpenSpace customers will have access to the Casualty Pro excess liability insurance offering, which provides qualified contractors with underwriting credits and improved coverage on their Shepherd insurance policies. In addition, the simple-to-use Capture product from OpenSpace thoroughly documents the site, assisting in resolving disputes and speeding up claims processes. As a result, customers who use OpenSpace typically have a lower risk profile due to their ability to detect potential safety issues and costly errors before they occur.
We view the application of jobsite capture as one of the most exciting frontiers in construction risk management, and OpenSpace is the clear category leader, Our partnership allows customers to benefit from their OpenSpace usage by introducing data from the platform as a new category in our underwriting approach. Our fundamental belief is that contractors who leverage technology to be safer deserve to be rewarded by their insurance providers."
Shepherd's CEO and co-founder Justin Levine.
Builders use OpenSpace Capture to attach a consumer 360° camera to their hardhat and walk around the site as they usually would. Once the video from the walk is uploaded to the cloud, OpenSpace's computer vision technology stitches the images together and pins them to the floor plan, resulting in a reliable visual record of site status. The site's image map, powered by the company's Vision Engine, is typically ready to view about 15 minutes after upload. Better site documentation fosters stronger stakeholder collaboration, reduces the need for project managers to travel to the site, provides a historical record of progress, and can lower insurance premiums.
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CORE INSURANCE
Hub International, CAPAX Management and Insurance Services | January 11, 2021
Hub International Limited (Hub), a leading full-service global insurance broker, reported today that it has acquired CAPAX Management and Insurance Services, Inc. (CAPAX). Terms of the exchange were not revealed.
Situated in Modesto, California, CAPAX is one of the biggest privately claimed insurance brokerage and representative advantages counseling associations situated in Central California. CAPAX gives multi-line insurance solutions, including personal and commercial, worker benefits items and risk management solutions for their customers. CAPAX's ability in carrying hostage solutions to their customers and their attention on different ventures, for example, agribusiness (crop), supplements and fortifies Hub's current capacities.
"CAPAX is a great addition to the Hub family as we continue our growth strategy in the region by adding specialized capabilities that will expand the depth of our insurance and risk management solutions," said Michael Der Manouel, Executive Vice President of Hub California Central Valley.
"We look forward to joining Hub – a leading brokerage firm with strong values and an utmost commitment to clients," said Mr. Geddes. "With Hub, we will be well-positioned to provide a full suite of services to fit our clients' growing needs."
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. For more information on the Hub M&A experience.
About Hub International
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 12,000 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. For more information.
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INSURANCE TECHNOLOGY
Farmers Insurance | March 25, 2022
Farmers Insurance® has come forward support customers who have been affected by severe storms, tornadoes, and heavy rainfall in Texas and other portions of the Southern United States. With the help of farmers insurance, customers can file a couple of claims, including
Visit Farmers.com or Foremost.com
Call their agent
Use the Farmers® Mobile App through their smartphone or tablet
Text REPORTCLAIM to 29141
Customers who have sustained the damage can even take action as follows:
Call the 24-hour claims center:
Farmers Claims Contact number: 1-800-435-7764
Foremost® customers can also use the 1-800-435-7764 number for assistance
Bristol West® customers can call 1-800-274-7865 for support
Spanish-language claims assistance is accessible to Farmers customers by calling 1-877-RECLAMO (877-732-5266).
Farmers Insurance offers numerous remote and virtual solutions to make the claims process more accessible for customers. Customers who file a claim can work directly with trained claims professionals. The professionals would guide them through the claims process, and customers can get their claims approved accordingly.
Farmers Insurance is a group of insurers providers. They offer insurance options for homes and small businesses, automobiles, and many other insurance and financial services products.
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