Gallagher acquires Maryland P&C brokerage

Gallagher | July 24, 2019

Arthur J. Gallagher & Co. has announced the acquisition of a Maryland-based retail property-casualty broker. Terms of the transaction were not disclosed. Gallagher has acquired The Novick Group, a broker focused on providing insurance products and services to non-profits and association clients throughout the country. The Novick Group’s areas of specialization include complex liability and event cancelation coverage. Lou Novick, Julia Van De Wille, and their associates will continue to operate from their current location in Rockville, MD. They will report to Dan Tropp, head of Gallagher’s mid-Atlantic property-casualty broker operations. “The Novick Group, Inc., expands Gallagher’s footprint in the Washington, D.C., metro area and further enhances our expertise in serving non-profit and association clients,” said J. Patrick Gallagher, chairman, president and CEO of Gallagher. “I would like to extend a warm Gallagher welcome to Lou, Julia and their associates.”

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This insurance is provided by NMU (Specialty) Ltd, which is registered in England. NMU is authorised and regulated by the Financial Conduct Authority, reference number 310539. The following summary does not contain the full terms and conditions of the contract, which can be found in your policy documentation. The sums insured and limits of liability are shown in your policy schedule.


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CLAIMS

GGA Enters into Tech Partnership with CiiRUS

CiiRUS | February 03, 2022

Generali Global Assistance ("GGA") today announced that it has entered into a partnership with CiiRUS, the leading provider of vacation rental property management software, to integrate GGA's vacation rental insurance and vacation owner protection offers via CiiRUS's technology suite available for vacation property managers. Chris Carnicelli, CEO of Generali Global Assistance, commented on the news, "We're excited to be partnering with CiiRUS. They are the leader in vacation property management and integrating our vacation rental suite of coverages is a real win for those helping to protect and manage their rental properties through CiiRUS's technology platform. As part of our mission of care, we want to give our clients seamless experience with our products by connecting them through innovative technology platforms." CiiRUS software is designed to help clients manage and market their properties in addition to connecting their properties to popular booking sites. Roberto Dicarlo, CEO of CiiRUS, added, "We lead the vacation property management software market so partnering with the leader in the vacation rental insurance market was an easy decision. Working together to give vacation property managers the best tools possible to effectively manage their vacation rental properties." "Integrating our vacation protection plans into the CiiRUS technology platform will offer significant time-savings and minimize effort for property managers. Seamless user experience will make this a one-stop shop for vacation rental managers," added Tony Santilli, National Account Executive at GGA. About Generali Global Assistance Generali Global Assistance (GGA) is a leading brand comprised of Travel Insurance & Assistance, Cost Containment, Identity & Cyber Protection, as well as other care services. GGA is part of the Generali Group, which for over 190 years has provided peace of mind to its clients and their customers and is now supported by more than 72,000 employees worldwide. Our success has been built on establishing trust by putting the customer at the core of everything we do, offering assistance and protection during our customer's most difficult and stressful situations. To learn more about Generali Global Assistance, please visit: https://us.generaliglobalassistance.com/ About CiiRUS Since 2008, CiiRUS has been the leading vacation rental software for vacation rental professionals. We use technology and quality service to make a property manager's day easier – not harder. In addition to the core software, which focuses on increasing our users' operational efficiency, we provide hands-on professional services including revenue management, online merchandising, managed distribution, marketing, and more – to increase our customers' revenue earning potential.

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CORE INSURANCE

InsureMyTrip Reports Travel Insurance Claims Increase, Delays Possible

InsureMyTrip | February 23, 2022

Travel insurance companies have reported a significant increase in travel insurance claims in recent weeks, according to licensed travel insurance agents at InsureMyTrip. With an upsurge in recent claims submissions, travelers should anticipate possible delays. "Many trips were affected by the Omicron surge and other factors, especially during December and January. Those travelers, who have coverage, are likely in the process of submitting claims to their insurance company. This high volume may lead to subsequent delays," - InsureMyTrip Travel Insurance Expert Meghan Walch. When filing a travel insurance claim, InsureMyTrip says travelers can help prevent additional lag time by understanding requirements in advance and supplying the proper paperwork to the travel insurance company: Specific forms may be required for each benefit within a policy. If documents are missing, this may cause a claim to be delayed. Use your travel insurance company's online portal to submit a claim or check the status of an existing claim. Obtain and save all receipts and documents related to an incident to help verify a claim. Once you return home from a trip, it can be more difficult to obtain documentation from travel suppliers or medical facilities. For travelers seeking additional help, InsureMyTrip travel insurance customers have access to Anytime Advocates, a claims assistance service. About InsureMyTrip It's simple. InsureMyTrip finds you the right travel insurance plan, every time. InsureMyTrip is the authority on travel insurance. We are committed to empowering travelers to make the best possible insurance decisions by leveraging our technology, data intelligence, and expertise. InsureMyTrip is rated A+ by the Better Business Bureau.

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HEALTH INSURANCE

HOMETOWN HEALTH ENTERS THE AFFORDABLE CARE ACT MARKETPLACE WITH SOFTHEON'S ENROLLMENT AND BILLING SOLUTIONS

Hometown Health | December 20, 2021

Nevada's largest not-for-profit health insurance company, Hometown Health, has entered the Affordable Care Act (ACA) marketplace and has expanded their health plan offerings through a partnership with Softheon, a leading cloud-based health insurance exchange and service provider. Softheon's innovative platform is helping bring quality health care to Nevada residents enrolling in Hometown Health insurance through Nevada Health Link. "Softheon's expert knowledge of the ACA marketplace coupled with their leading enrollment and billing technology has made them the perfect partner during Hometown Health's first open enrollment period on the exchange, Today, more than 100,000 people in Nevada choose Hometown Health for their insurance needs. Thanks to Softheon, we look forward to expanding insurance coverage options, in a way that is simple and convenient, to our friends and families who use Nevada Health Link." -David Hansen, Hometown Health CEO. Since the beginning of the 2021 open enrollment period, over 800 new members have seamlessly enrolled in Hometown Health's insurance thanks to Softheon's cutting-edge software. The partnership with Softheon will improve member enrollment, billing and communications, enabling Hometown Health to remain focused on their core mission of providing excellent healthcare to Nevada residents. As the health insurance division of Renown Health, northern Nevada's leading healthcare provider, Hometown Health offers members competitive rates and the largest network of providers in the region. Renown Health provides advanced medical services including Renown Regional Medical Center, an 808-bed full service regional hospital, Renown South Meadows Medical Center, a 76-bed acute care community hospital, Renown Children's Hospital, the region's only children's hospital with 83 beds, and Renown Rehabilitation Hospital, a 62-bed rehabilitation hospital. These facilities provide quality healthcare for Renown's primary service area, Washoe County and the secondary service areas of northern Nevada and northern California. Renown Health has more than 7,000 employees and serves northern Nevada, Lake Tahoe and northeast California with a total population in excess of 2 million. In addition to hospitals, Renown also has 110 medical group practice sites, urgent care and outpatient imaging sites. Renown Health and Hometown Health offer advanced care for patients and embrace their role in improving the health and well-being of the people and communities. "The continued growth of the Affordable Care Act marketplace is welcome news for consumers who are seeking more options for accessing health coverage, We are excited to partner with Hometown Health on their entrance into the ACA marketplace to create seamless experiences for their members and connect more individuals in Nevada with quality health care." -Eugene Sayan, CEO and founder of Softheon. Along with improving member enrollment, billing and communications, Softheon helps Hometown Health continue to ensure accuracy through monthly Advanced Premium Tax Credits premium reconciliation. The turnkey solution provided by Softheon has guided Hometown Health in handling all regulatory and operational requirements required of insurers in the ACA marketplace. The partnership has given Hometown Health the opportunity for expanded reach while making a bigger impact on communities across the state. About Softheon Founded in 2000, Softheon's Software-as-a-Service (SaaS) and Business Process-as-a-Service (BPaaS) solutions solve complex challenges for health plans and government health agencies. Currently, Softheon's solutions serve 8 State agencies and over 90 health plans. Issuers and consumers utilizing Medicaid, Medicare, and the ACA Marketplace benefit from Softheon's innovative technology that reduces administrative overhead and enhances user-experiences. Softheon is an Agent, Broker, and Merchant of Record that facilitates health insurance enrollment, billing, and renewal. About Hometown Health Established in 1988, Hometown Health is the insurance division of Renown Health and is Northern Nevada's largest local, not-for-profit health insurance company. Providing wide-ranging medical coverage and great service to members, Hometown Health represents a philosophy of health care that emphasizes active partnerships between members and physicians.

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INSURANCE TECHNOLOGY

New Industry Initiative Launches to Advance Racial Diversity and Equity

Insurance Information Institute | April 28, 2022

The Black Insurance Industry Collective (BIIC), a newly-formed non-profit organization affiliated with The Institutes, today announced its launch. The BIIC is focused on accelerating the advancement of Black insurance professionals. BIIC's mission is to empower Black insurance professionals to expand their leadership development opportunities by emphasizing mentorship and sponsorship while collaborating with other organizations that are also working toward those goals. The group will provide customized programs that address the unique needs and experiences of these professionals to tangibly improve the representation of Black insurance industry talent. This initiative, created under the leadership of four insurance industry diversity and human capital leaders, has been two years in the making, and included input from over 50 participants from insurance, talent development, and academia. BIIC will partner with the University of Virginia Darden School of Business to create a specialized leadership development program focused on developing skills necessary for career progression. The leadership program at Darden, part of BIIC's suite of offerings, will provide insurance professionals with the benefits of a supportive community of colleagues. Insurance is an ever-changing industry. No one should have to navigate it alone. With a strong network of peers who share similar interests, BIIC offers the support to learn from executive leaders in the insurance industry while developing critical skills through our strategic partnership with the Darden School of Business at The University of Virginia." Ronald Reeves, Chief Diversity Officer at AIG. The Institutes are excited to contribute to the formation of the BIIC as part of our overall DEI initiative. We look forward to working with the BIIC Leadership Council as they cultivate and preserve a culture of inclusion for all who work in and are served by the risk management and insurance community." Peter L. Miller, CPCU, President and Chief Executive Officer of The Institutes. A lack of exposure to the insurance industry and professional networks are the top two barriers for Black professionals, according to a study conducted by Marsh, The Journey of African-American Insurance Professionals. BIIC is built from the ground up by insurance leaders, We are focused on spotlighting top talent to key leaders and insurance industry role models who share similar cultural experiences." Susan Johnson, Chief Diversity, Equity & Inclusion Officer at The Hartford. Obstacles for Black insurance professionals are greater than for other people of color, according to the Marsh study. These obstacles impact individuals and have far-reaching business impacts. Black employees are also nearly twice as likely as other people of color to perceive their race will make it harder to achieve their goals, according to a recent study by McKinsey, Race in the Workplace: The Black Experience in the U.S. Private Sector. This initiative was named as a collective because we believe we can achieve more together than separately, We seek to address the unique, cultural, mental, and psychological experiences and challenges encountered by Black insurance professionals in achieving their career aspirations." Ivy Kusinga, Chief Culture Officer at Chubb. BIIC is committed to empowering and positioning Black professionals to lead and inspire excellence across the industry by bringing together top talent, mentors, sponsors, and allies, Although we have more work to do, by working together, we can equip leaders with a developmental roadmap, putting them on a path to success." Tony Steadman, Managing Director, Accenture. BIIC invites organizations to join as Founding Year Sponsors in order to grow this critical program. Sponsorship will facilitate funding for BICC's key education and leadership development initiatives.

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Spotlight

This insurance is provided by NMU (Specialty) Ltd, which is registered in England. NMU is authorised and regulated by the Financial Conduct Authority, reference number 310539. The following summary does not contain the full terms and conditions of the contract, which can be found in your policy documentation. The sums insured and limits of liability are shown in your policy schedule.

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