National Insurance Crime Bureau launches online coronavirus fraud resource

National Insurance Crime Bureau | March 26, 2020

After detecting an influx of insurance fraud cases tied to the recent COVID-19 outbreak, the National Insurance Crime Bureau (NICB) has created a new page on its website to serve as a resource to inform the public about these scams. The new “NICB COVID-19 Resource Center” hosts the latest information on emerging fraud scams involving the coronavirus. It also has information about what is happening in other states from an insurance fraud perspective. “Catastrophes bring out the good in people. Unfortunately, they also bring out the bad actors that take advantage of the most vulnerable,” said NICB president and CEO Joe Wehrle. “With the help of our partners, our goal is to use our proven data analytics and investigative abilities to identify those bad actors and help bring them to justice.”

Spotlight

In business, accidents and life happen. To protect yourself and your business from these events you’ll need the right insurance coverage for the various aspects of your business for when things go wrong. Justin talks to Matthew Bryan of Hitson, Crumb & Blazer Insurance about the types of business insurance, and how to go about getting covered.

Spotlight

In business, accidents and life happen. To protect yourself and your business from these events you’ll need the right insurance coverage for the various aspects of your business for when things go wrong. Justin talks to Matthew Bryan of Hitson, Crumb & Blazer Insurance about the types of business insurance, and how to go about getting covered.

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AUTOMOBILE INSURANCE

Click-Ins Joins Sapiens to Provide Automated AI-based Vehicle Damage Inspection

Click-Ins, Sapiens | January 12, 2021

Sapiens International Corporation, a main worldwide provider of software solutions for the insurance industry, and Click-Ins, a rapidly developing cutting edge AI SaaS vehicle damage inspection and assessment platform, today announced a partnership that will provide carriers with a comprehensive answer for accelerate claims management. Click-Ins joins Sapiens' robust partner ecosystem, which empowers carriers to consistently and effectively implement third party solutions, providing them a significant competitive advantage. Sapiens' API-based platform and open architecture guarantees that providers can undoubtedly choose the structure blocks they need to incorporate all components inside their ecosystem, offering full digital enablement. Click-Ins solutions support start to finish processing, automation and claims management and settlement. Through a consistent reconciliation with Sapiens' CoreSuite for P&C, carriers, everything being equal, can outfit the advantages of AI to enable agility, speed and genuinely digital, yet simplified, claims experiences. "AI and deep learning are transforming insurance underwriting as we know it," said Roni Al-Dor, President and CEO at Sapiens. "Click-Ins has the expertise and capabilities needed to drive this transformation, making them ideal partners in our quest to provide comprehensive, customer-centric solutions." Click-Ins computerizes vehicle inspections for a smart, digital experience, empowering carriers to detect, dissect and process vehicle damage, with the click of any digital camera. Click-Ins attempts to increase automation, reduce human blunders, misrepresentation and danger, and increase customer satisfaction. In view of AI, deep learning, 3D demonstrating, applied mathematics and computer vision, Click-Ins empowers accurate recognition and investigation of outside damages to a wide range of vehicles. The arrangement captures and processes digital pictures of damaged vehicles and transforms them into damage reports and damage repair gauges. "We are pleased to partner with Sapiens. The need to automate car damage detection and accelerate claim processes is vital in today's industry climate," said Eugene Greenberg, Co-Founder and CEO at Click-Ins. "The integrated solution will enable insurance companies to better serve their customers." Sapiens CoreSuite for Property and Casualty is a profoundly coordinated, adaptable, digital contribution that combines top tier policy, charging and claims solutions into a consistent start to finish framework, giving carriers the competitive edge. Sapiens' market-driving, purpose-assembled platform is available as a full arrangement suite or as independent best of breed contributions. About Sapiens Sapiens International Corporation empowers insurers to succeed in an evolving industry. The company offers digital software platforms, solutions and services for the property & casualty, life, pension & annuity, reinsurance, financial & compliance, workers' compensation and financial markets. With more than 35 years of experience delivering to over 600 organizations globally, Sapiens has a proven ability to satisfy customers' core, data and digital requirements. About Click-Ins Founded with the aim of simplifying vehicle inspection, Click-Ins introduces AI-driven automated technology that completely redefines its category. Helping insurance and car companies transition from manual procedures to fast and efficient fact-based processes, Click-Ins provides a user experience that is both simpler and more reliable, for all parties involved. To achieve the highest level of transparency and certainty, Click-Ins has developed a hybrid approach to AI. Using proprietary simulated data to pretrain AI modules, and leveraging multidisciplinary technologies, Click-Ins SaaS cloud solution accurately and consistently recognizes any damage, with no training period.

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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 INSURANCE

Carothers Insurance Agency Builds on Historic Legacy by Joining Integrity's Leading Platform

Integrity Marketing | March 07, 2022

Integrity Marketing Group, LLC ("Integrity"), an omnichannel insurtech leader in life, health and wealth solutions, today announced it has acquired Carothers Insurance Agency, a leading independent marketing organization ("IMO") based in Las Vegas, Nevada. As part of the acquisition, Chris Carothers, President of Carothers Insurance Agency, will become a Managing Partner in Integrity. Financial terms of the transaction were not disclosed. It's so meaningful to partner with a company with the longevity of Carothers Insurance Agency, which has been making a difference in its community for half a century, Chris and his team focus on fostering personal interactions with every one of their customers. They have been incredibly proactive in the insurance community and bring a strong reputation for hard work. Carothers Insurance Agency can help us make our vision of innovating insurance a reality — all while utilizing Integrity's industry-leading technology and resources to fuel their growth. They have a rich legacy in Las Vegas, and we can't wait to extend that legacy another 50 years and beyond." Bryan W. Adams, Co-Founder and CEO of Integrity. Founder Michael D. Carothers opened Carothers Insurance Agency in 1969, offering health and life insurance products to seniors in the Las Vegas market. His son, Chris Carothers, joined the team more than 30 years ago and has continued to build on his father's deep personal commitment to love and serve, while establishing a strong national presence. Under Chris's direction, the agency provides incomparable industry knowledge, resources and training to help their brokers succeed. Additionally, the business has expanded to include Your Insurance Agency centers — retail locations where brokers can interact face-to-face with clients, matching Integrity's focus on meeting clients where they are. Chris has also led Carothers Insurance Agency toward regional and national positions of industry leadership. Our agents and employees love to serve — whether it's our community, our industry organizations or our clients — and we feel like extended family with the people we serve, We've already built a time-honored company. What we needed was a partner who matched our commitment to service and could provide the rocket fuel for thoughtful expansion. Integrity offers our brokers innovative thinking and systems to help them succeed while staying ahead of changes in the industry. We're proud of our past and, as an Integrity partner, we have the world-class resources we need to look to the future with excitement." Chris Carothers, President of Carothers Insurance Agency. Integrity's partnership platform is designed to help successful companies like Carothers Insurance Agency reach their full potential. Integrity's infrastructure of business services, including finance, Technology & Innovation, People & Culture, legal and compliance, ensure partners are focused more on agents and consumers rather than on administration and back-office tasks. As an insurtech leader, Integrity offers robust technology-driven solutions for all stakeholders, encompassing data and analytics, proprietary customer relationship management systems, and quoting and enrollment solutions, as well as access to a industry-expert advertising and marketing firm. To offer perspective and refine best practices, innovators and legends collaborate through Integrity's fast-growing partner network. These leading companies develop and optimize insurance and financial systems and help American consumers prepare for the good days ahead by offering life, health and wealth solutions. out Integrity Marketing Group Integrity, headquartered in Dallas, Texas, is an omnichannel insurtech leader of life and health insurance, and provider of innovative solutions for wealth management and retirement planning. Through its partner network, Integrity helps millions of Americans protect their life, health and wealth with a commitment to meet them wherever they are — in person, over the phone and online. Integrity's cutting-edge technology helps streamline the insurance and financial planning experience for all stakeholders. In addition, Integrity develops products with carrier partners and markets them through its distribution network of agencies, brokerages and RIAs throughout the nation. Integrity's nearly 5,500 employees work with more than 420,000 agents and advisors who serve over 10 million clients annually. In 2021, Integrity helped carriers place more than $7 billion in new sales and oversaw more than $20 billion of assets under management and advisement through its RIA and broker-dealer platforms.

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