Liberty Mutual soaring with Outdoorsy on RV rental insurance

Insurance Business America | April 01, 2019

Insurer Liberty Mutual is enjoying success after partnering with Outdoorsy to provide RV rental insurance to members of the outdoor experience marketplace. Under the new partnership, which went live last month, three levels of “industry-first” RV rental insurance are offered to owners and renters on the Outdoorsy marketplace. The coverage allows both owners and renters to safely travel throughout the US and Canada in motorhomes, campervans, caravans, travel trailers and adventure vehicles. According to a release, Outdoorsy has seen a 250% increase in online bookings with Liberty Insurance’s coverage since the partnership’s launch. Three tiers of coverage are being offered through the partnership to Outdoorsy clients: Peace of Mind – this coverage includes $1 million in liability insurance, $500,000 in physical damage protection for the consumer and any third party, plus windshield damage protection, lowered deductibles, 24/7 live customer support, roadside assistance, and concierge and trip planning services.

Spotlight

Steve Case’s quotes are a precise reflection of the insurance industry and portend the future. Remember when new startups announced their entry and plans for the insurance market as digital insurers offering innovative, personalized products and services? We thought many of them were weird and unlikely successful ideas, but growing customer interest in them, especially among younger demographic groups, is proving that they are relevant and a threat to traditional insurers who did not take them seriously.

Spotlight

Steve Case’s quotes are a precise reflection of the insurance industry and portend the future. Remember when new startups announced their entry and plans for the insurance market as digital insurers offering innovative, personalized products and services? We thought many of them were weird and unlikely successful ideas, but growing customer interest in them, especially among younger demographic groups, is proving that they are relevant and a threat to traditional insurers who did not take them seriously.

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RISK MANAGEMENT

USI Insurance Services Acquires Venneberg Insurance

USI | December 14, 2020

USI Insurance Services ("USI"), a world chief in risk management, employee benefit and retirement consulting, today reported the securing of Sitka, Alaska-based Venneberg Insurance. Established in 1984, Venneberg Insurance is a free risk management and insurance organization serving businesses and people all through Southeast Alaska. The entirety of the organization's employees, including Mike Venneberg, proprietor and head, will join USI. Terms of the exchange were not revealed. Commenting on the announcement, Mike Venneberg stated: “For more than 35 years, our experienced and dedicated staff have established a strong reputation for meeting the unique and diverse risk management and insurance needs of families and businesses throughout Southeast Alaska. By joining forces with USI, our valued clients will continue to work with the local team of experts they’ve come to know and trust, in addition to gaining access to USI’s best-in-class resources and solutions.” Chris Prentice, USI regional CEO, added: “We are thrilled to welcome Mike and the talented professionals from Venneberg Insurance to the USI family. By partnering as one, we look forward to delivering an unmatched level of service and expertise for our current and future clients throughout Alaska by leveraging the USI ONE Advantage®, a proprietary platform integrating analytics, networked resources and strategic planning to deliver customized solutions with economic impact for clients.” About USI USI is one of the largest insurance brokerage and consulting firms in the world, delivering property and casualty, employee benefits, personal risk, program and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals. Headquartered in Valhalla, New York, USI connects over 8,000 industry-leading professionals from approximately 200 offices to serve clients’ local, national and international needs. USI has become a premier insurance brokerage and consulting firm by leveraging the USI ONE Advantage®, an interactive platform that integrates proprietary and innovative client solutions, networked local resources and enterprise-wide collaboration to deliver customized results with positive, bottom line impact. USI attracts best-in-class industry talent with a long history of deep and continuing investment in our local communities.

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CORE INSURANCE

Hub International Expands Risk Management Capabilities With Acquisition Of The Assets Of Calculated Risk Advisors, LLC In Illinois

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.

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Life.io Partners with Unqork to Scale New Digital Capabilities

Cision PR Newswire | October 20, 2020

Life.io, a subsidiary of SE2 and a leading customer engagement solution for the insurance and financial services industries, today announced a strategic partnership with Unqork, the leading enterprise no-code platform, to bring next-generation insurance solutions to the market. Leveraging Unqork's unique no-code platform, and Life.io's expertise in engagement, UX/UI, and behavioral-design, we are offering insurers a highly intuitive digital purchasing platform that reduces friction for clients and advisors.

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