Category Archives: Business: Insurance

Press Releases from the Insurance world, What’s new, Popular, Trending and News Worthy. In the ever changing industry of Insurance.

Chubb Implements The BondPro® Enterprise Next Gen® Surety Platform In Support Of Its Transactional Surety Business


These efforts will enable “BTB” integration with major brokers and agencies, and support and expand our Transactional Commercial Surety business.

Bond-Pro, a provider of Surety and Specialty Insurance software products, announced today that Chubb has expanded its production use of Bond-Pro® Enterprise NextGen® software for its Transactional Commercial Surety business.

Bond Pro’s Next Gen® surety solution provides enhanced automated underwriting and issuance, rating, scoring, decisioning, and workflow, coupled with a comprehensive bond forms library.

“As we expand in the transactional commercial surety space, our objectives include raising the bar on service, reducing operating costs, and mitigating underwriting risk. We desired a modern software platform with a high degree of automation to facilitate underwriting and issuance, rating, scoring, decisioning, and workflow, coupled with a comprehensive bond forms library,” said Teresa Black, Executive Vice-President of Commercial Surety. “The solution we are implementing is designed to provide Chubb with a surety platform that supports high volume commercial surety bond underwriting and issuance and enables our agents direct access to our products and services via the Chubb Surety Marketplace® Portal. These efforts will enable “BTB” integration with major brokers and agencies, and support and expand our Transactional Commercial Surety business.”

Frederick Duguay, President & CEO of Bond-Pro said, “The fact that another one of the largest and most respected Sureties in the United States has implemented our Next Generation Surety solution is a key milestone. We are committed to delivering Surety technology software solutions that allow top-tier insurers like Chubb to enhance service and efficiency.”

About Bond-Pro

Bond-Pro is the developer and publisher of Bond-Pro® Enterprise Next Gen®, the leading Surety automation and management software utilized by hundreds of agencies and dozens of Surety carriers worldwide. It drives greater premiums, improves underwriting efficiency, reduces costs, and mitigates risk. Bond-Pro’s enterprise products and services enable Surety professionals to fully computerize and effectively manage the entire Surety life cycle including, Accounts, Jobs, Bonds and Claims. For more information, please call (813) 413-7576 or visit https://www.bond-pro.com.

#SuretyTech #SuretySuccess #HighlyConfigurable #RelevantForms #NoTripleEntry #DigitalTransformation

About Chubb

Chubb, an S&P 500 company, is the world’s largest publicly traded property and casualty insurance carrier. It operates in all 50 United States and over 54 countries worldwide. Chubb is ranked the 5th largest carrier by the Surety and Fidelity Association of America. Chubb is rated A+ (Superior) by A.M. Best Company. For more information, please call (866) 324-8222 or visit https://www.chubb.com.

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How To Get Really Accurate Car Insurance Quotes Online And Save Money


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“It is possible to get really accurate car insurance quotes. All you have to do is to provide correct info and use extended online questionnaires ”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has released a new blog post that presents several tips to help drivers get accurate car insurance quotes.

For more info and free car insurance quotes online, visit https://compare-autoinsurance.org/tips-getting-accurate-car-insurance-quotes/

Now it is easy to compare insurance rates from multiple different insurance providers nationally and locally. After entering details pertaining to his vehicle and driving history, the user will get matched with several companies. Using this type of service, a user can quickly narrow down his search to companies that provide what he is looking for. Find out how to get accurate quotes and get free quotes from http://compare-autoinsurance.org.

  • Determine the necessary coverage options. It all starts with knowing what the driver wants to purchase. Besides buying the minimum coverage required by the state, a driver may need additional coverage, depending on his car and budget. People who own new, valuable models, should purchase full coverage. People that do not have a solid health/life insurance coverage, should also consider buying PIP/Medicare insurance. If a person has more than one vehicle, it may be wise to opt for multi-vehicle plans. Also consider bundling policies. This will save drivers a lot of money. Besides that, determine the most convenient deductible levels and add-ons.
  • Determine the available budget. Knowing the available insurance money will help the driver opt for higher coverage limits, higher deductibles and several add-ons. Online quotes will help drivers design a coverage plan within those limits. Furthermore, the driver can simulate “pay-in-full” and see the total cost of the coverage plan and how much he can save. With “pay-in-full”, drivers can save around 15%-20% on car insurance.
  • Keep relevant documents nearby and ready to be used. Having the right documents near will help the driver provide correct info about the car’s model and sub-model, existing safety devices, and driving history. Keep in mind that online questionnaires may also ask about things like the exact sub-model, including the number of cylinders. Providing exact info about the car is a must. Companies can void coverage if the driver sends the wrong data. Plus, keep in mind that companies use this data to calculate the Actual Cash Value, which is used to reimburse the drivers. Sending wrong data can result in a lower ACV.
  • Use realistic annual mileage approximations. Most companies consider 12.000 to be the average annual mileage for a driver. Users are asked to input the annual mileage, by either adding the value, selecting it from a range, or providing the approximate daily mileage. Lying to the insurance company will seriously backfire. Claims can be denied if the ulterior technical inspection shows much higher mileage values.
  • Use complex questionnaires that offer a higher degree of accuracy. It is well-known the fact that a more complex questionnaire will provide better results. A user who fills out a long, in depth survey about the vehicle history, driving history, use of the vehicle, credit history, etc. and he will get a much more accurate quote. Short quote forms, while convenient, fast, and easy to use, will often times be very inaccurate. Spending 5-10 minutes to fill in all the details will be worth the time. Reputable companies embed complex questionnaires and high-speed rate calculators. They provide really accurate online quotes.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information and free online quotes, please visit http://compare-autoinsurance.org.

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NFP Creates Cost Impact Modeling Tool to Address Projected Benefit Costs Associated with COVID-19


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“We remain focused on aligning the challenges clients face with effective solutions and tools like our COVID-19 Cost Impact Model,” said Kim Bell.

NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement and individual solutions, today introduced its COVID-19 Cost Impact Model. The model is a dynamic tool designed to support employers as they assess the effects of the pandemic on their benefit costs and make decisions on potential plan adjustments that align with their overall benefits strategy.

The NFP COVID-19 Cost Impact Model uses proprietary situation modeling to project future infections, testing, diagnosis and treatment. Through a comparison of an established baseline of testing and positive infection rates in a client’s state and country, the model can project estimated costs. The modeling scenarios address testing and treatment costs for up to 180 days to ensure reliable projections. NFP will update the model as new information and data surrounding COVID-19 becomes available, ensuring projections reflect the application of the most relevant information. Refining the projections with the latest data will help clients enhance their ability to prepare for the remainder of this pandemic and make informed financial decisions for future needs.

“COVID-19 has created many challenges for employers and we’re excited to support our clients with data-driven solutions that help them estimate costs and inform actions,” said Kim Bell, NFP’s senior vice president, head of health and benefits. “We remain focused on aligning the challenges clients face with effective solutions and tools like our COVID-19 Cost Impact Model.”

In partnership with Milliman, NFP has also developed MedFactor, a proprietary plan value modeling tool. This internal resource allows NFP to estimate the relative value of plan design changes. By entering a client’s base plan features and contrasting those features with a proposed alternative, NFP can calculate the percentage change in actuarial value. This provides employers with valuable insight on the impact of proposed changes and confidence in making complex decisions.

“In an environment with so much uncertainty, there is tremendous value in tools that use data to help guide us to the right decisions,” said NFP chairman and CEO Doug Hammond. “We will continue to commit resources to developing tools and expertise that help our clients solve problems and plan for the future.”

About NFP

NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,600 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best’s Review).

Visit NFP.com to discover how NFP empowers clients to meet their goals.

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How To Find Better Car Insurance Rates With The Help Of Online Quotes


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“Online quotes are easy to obtain and will help drivers get better insurance deals that can satisfy their needs”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that explains how drivers can get better insurance deals with the help of online car insurance quotes.

For more info and free quotes, please visit https://compare-autoinsurance.org/online-quotes-will-help-you-find-the-best-car-insurance-rates/

Car insurance is one of those expenses that can affect the family’s budgets, so it’s important to ensure that the right insurance company and the right insurance policies are selected. To find the right policies at affordable prices, drivers will have to carefully navigate the insurance market. The best way to do that is with the help of online quotes.

Getting online quotes has the following advantages:

  • Obtain better insurance deals. This is the main reason for obtaining online quotes. Usually, policyholders can find better insurance deals that are 5-10% lower than their current insurance deals, after comparing several online car insurance quotes. In many cases, drivers will save hundreds of dollars per year.
  • Discover new insurance companies. Usually, drivers are not aware of local insurance companies. Many of them only heard of several big insurance companies, but there are hundreds of local and regional insurance companies. Many of these smaller companies can offer affordable insurance prices for really good services. Drivers should not hesitate to get quotes from these smaller insurers.
  • Online quotes can provide accurate estimates. Although just estimates, in many cases online quotes are not that different from the real price of an insurance policy. The embedded rate calculators on insurance companies or brokerage websites will input the user’s info and calculate the premiums using the company’s database and algorithms. However, quotes will be accurate if the drivers complete the online questionnaires with real and accurate data.
  • Quotation forms can be customized. Drivers can change the parameters of online forms in order to find insurance deals that can satisfy their needs. Drivers can simulate different insurance plans by changing coverage limits, deductibles levels, add-ons, and extra coverage.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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Largest Captive Insurance Carriers Fail to Capitalize on their Proximity to Millions of Potential Buyers, MomentFeed Study Finds


Captive insurance carriers have a significant competitive advantage – their proximity to millions of potential buyers – yet fail to fully optimize for local search opportunities.

“The largest insurance carriers in the country spend billions of dollars to generate brand awareness, but most miss the mark in the last mile, when consumers are making decisions about which insurance carrier to work with.” Nick Hedges, CEO of MomentFeed

MomentFeed, the leading provider of Proximity Search Optimization, today published its “Insurance Proximity Search Optimization Report Card.” The study evaluated how effective the largest captive insurance agents are at optimizing for proximity-based organic search results. The study revealed that captive insurance carriers are missing out on a massive opportunity to generate tens of millions of exclusive local leads for their agents by optimizing for organic search results based on their proximity to a potential buyer.

“The largest insurance carriers in the country spend billions of dollars to generate brand awareness and stand out from the crowd,” said Nick Hedges, CEO of MomentFeed. “However, our latest research reveals that captive insurance carriers miss the mark in the last mile, when consumers are making decisions about which insurance carrier to work with. Captive carriers could dominate in proximity search with an army of agents dispersed across the country, but most fail to enact strong, comprehensive Proximity Search Optimization strategies.”

Proximity Search Optimization (PSO) is the process by which multi-location brands seek to improve their rank on search engines that use the user’s location to suggest nearby businesses in response to keywords such as ‘car insurance.’ Most notably, brands seek to show up in the Google 3-Pack, the first thing most consumers see when performing searches.

HOW CAPTIVE INSURANCE CARRIERS PERFORM AGAINST KEY PSO SIGNALS


  • Local captive insurance agents did a poor job of responding to their customers’ ratings and reviews – All but two insurance carriers replied to less than 50% of their reviews. In comparison, successful MomentFeed clients reply to 88% or more of their reviews, with an average response time of 7 hours. While a greater than 80% responsiveness rate may seem daunting, platforms that allow users to view and respond to reviews from all networks in one place can significantly simplify the process.
  • All but one insurance carrier received a below average grade in local social, representing a significant opportunity – The average local insurance carrier posted on local social pages 90 times over the course of the 365 days measured. This fell below MomentFeed’s recommended levels of at least 110-122 per year – equating to 9-10 posts monthly. In addition, including a keyword in a post is an easy way to optimize a local agent’s listing for proximity search free of charge, yet only 30% of insurance carriers used a keyword in a post.
  • Majority of listing data is inaccurate for insurance carriers – Alarmingly, the average local insurance carrier was found to have inaccuracies on 55% of their data, with 12% coming from major inaccuracies and the other 43% from minor ones. Listing accuracy refers to the degree that a location’s data is accurate and consistent across the internet and is widely considered the most important controllable factor in proximity search rank.
  • Some room for improvement on local agent pages – On-page signals refer to the characteristics of a location’s webpage that help search engines and consumers use the site. Google grades pages in three main categories – accessibility (ability of the page to be operated by literally anyone), best practices (overall code of health – security, page load time, load without errors, etc.), and SEO (factors that help search engines find and understand the page). The average performance for the captive insurance carriers included in this report across accessibility, best practices, and SEO was 88%, 78%, and 93% respectively, with the average overall grade coming in at 87%.
  • Carriers perform best on location profile completeness, although there is still room for improvement – While most carriers did a decent job of maintaining profile completeness, with all but 3% to 15% of applicable fields containing information, even the slightest margin of error seems to knock carriers out of the Google 3-Pack. Both of the carriers who performed poorly in this category saw a significant drop off in the number of locations appearing in the Google 3-Pack.


“The lesson in this study for captive insurance carriers is that there’s a huge untapped opportunity to improve how frequently local agents show up when buyers are searching,” said Hedges. “There are significant financial gains in store for the firms that get it right.”

ABOUT THE DATA

For its “Insurance Proximity Search Optimization Report Card,” MomentFeed analyzed the strength and comprehensiveness of the proximity search strategies for the six largest U.S. captive insurance carriers, based on the number of agents. MomentFeed identified 50 locations per insurance carrier representing a variety of geographies, city/town sizes, urban densities, and income levels, with extra sampling done around the geographic focuses of each company. Whenever possible, areas were sampled where each insurance carrier had a location within the same zip code. MomentFeed’s platform then matched locations to their corresponding network listings across Facebook, Google, and Yelp. Finally, data on each of the five controllable PSO factors was collected using a combination of automated tools and manual analysis.

The full report is available for download on MomentFeed’s website. Individual reports of the companies studied are available to representatives of those companies by request.

ABOUT MOMENTFEED

MomentFeed is the leading Proximity Search Optimization platform trusted by many of the largest multi-location brands in the restaurant, retail, automotive, hospitality, and financial services industries. Proximity Search Optimization is gaining significant interest from CMOs of multi-location, national brands and franchises as a way to show up locally, at the precise moment a customer has a need. MomentFeed makes it possible for national brands to execute hyperlocal marketing campaigns at scale – driving local awareness, in-store traffic, and more calls for appointments and orders.

Founded in 2010, MomentFeed is headquartered in Santa Monica, California. An Inc 5000 Fastest Growing Privately Held Company, it was also named a Comparably Best Company.

For more information visit http://www.momentfeed.com | Twitter | LinkedIn | Facebook

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Women in Technology (WIT) Announces Title Sponsor for their Inaugural Online Gala


State Farm Title Sponsor of WIT Connect 2020 Inaugural Virtual Gala!

“The opportunity to become the WIT Connect 2020 Title Sponsor allows us to deepen our relationship with WIT and show our passion by collaborating with a great organization that is making significant impacts in our community by helping girls and women excel in STEAM careers.” said DeWayne Griffin.

Women in Technology (WIT) today announced State Farm as the Title Sponsor for its signature fundraising event, WIT Connect 2020, to be held Virtually on Thursday, July 23.

“At State Farm we are committed to being good neighbors who serve our customers and make our communities better. The opportunity to become the WIT Connect 2020 Title Sponsor allows us to deepen our relationship with WIT and show our passion by collaborating with a great organization that is making significant impacts in our community by helping girls and women excel in STEAM careers,” said DeWayne Griffin, Enterprise Tech Executive – Data, EntTech-Executive at State Farm.

Since its inception, WIT Connect has gathered nearly 800 of Atlanta’s top executives to raise more than $3.2 million to support the development of young girls and the advancement of women in science, technology, engineering, arts and math (STEAM).

Each year, before the program, WIT hosts a special VIP Reception for invited WIT Connect guests and C-Suite executives participating in the Executive Auction Experience. This year the Exclusive VIP Networking reception will be held virtually.

“WIT is proud to announce that State Farm will be our Title Sponsor for our very first Virtual WIT Connect event,” says Penny Collins WIT President & CEO. “State Farm is passionate about WIT”s mission and actively engages in all our programs to not only help their internal teams grow but to also give back and ensure that our next generation of women excel in STEAM.”

Philanthropy:

The premier fundraising and networking event includes a unique executive auction experience which allows individuals to compete for exclusive time with top Atlanta C-Suite executives. Proceeds from the executive auction support WIT Girls and Campus – WIT’s free educational programs for girls and young women. Music, silent auction, an exclusive VIP virtual networking reception and a celebration of our 2020 scholarship recipients round out the festivities for this special event. For more information, visit http://bit.ly/WITCONNECT2020 or https://bit.ly/2020WITConnectVirtualBrochure

Sponsorships:

WIT Connect sponsors support the next generation of female leaders in STEAM and enjoy access to a community of esteemed technology leaders through a variety of benefits. Several sponsorship packages are currently available, including:

Gold Sponsor: $10,000

Silver Sponsor: $6,500

To purchase a sponsorship, contact Penny Collins at penny@mywit.org or by phone at 470-264-1782.

State Farm®

The mission of State Farm is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. State Farm and its affiliates are the largest providers of auto and home insurance in the United States. Its nearly 19,000 agents and approximately 58,000 employees serve approximately 84 million policies and accounts – over 81 million auto, fire, life, health and commercial policies and over 2 million bank and investment planning services accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 36 on the 2019 Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com.

About Women In Technology

Women In Technology (WIT) empowers and educates women and girls about opportunities in science, technology, engineering, the arts, and math (STEAM) by educating middle and high school girls, and young women in college, and by sharing the stories of successful professional women in STEAM. Our team of more than 300 volunteers delivers professional development and networking opportunities to our more than 3,000 professionals, and programs at no cost to more than 1,500 students. From the classroom to the boardroom, WIT is committed to bringing the best STEAM content and programming to women and girls in Georgia.

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How To Compare Car Insurance Quotes And Find Affordable Coverage


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“Using online car insurance quotes, the right way, will help drivers find policies suitable for their needs and budget”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org (https://compare-autoinsurance.org/) launched a new blog post that explains more about how to compare car insurance quotes online and find the most suitable offers.

For more info and free car insurance quotes online, visit https://compare-autoinsurance.org/how-to-compare-car-insurance-quotes-2/

Nowadays it is really easy to find car insurance quotes online and check prices. The difficult part is how to correctly evaluate and compare prices from multiple insurance providers. That makes the difference between an advantageous policy and a bad one.

To compare different car insurance quotes and to find the best insurance plan, drivers should follow the next tips:

  • Compare car insurance quotes online for free. Drivers can simply enter their ZIP code on a brokerage website and check the offers made by providers that sell policies in their areas. Sometimes, drivers will see a general price range for car insurance policies in their areas. At the very least, they can see the names of companies offering auto insurance in their region.
  • Request customized quote forms from multiple insurers. To get a more accurate idea of which insurance provider is the best, drivers should complete several quote forms from different insurers. In these forms, customers will have to submit their personal information such as age, gender, driving record, and other information.
  • Verify coverage conditions and compare identical insurance plans. Different car insurance companies have different standard policies. While some insurers will display their basic liability insurance by default, other providers might show the price for full coverage car insurance, which includes liability, collision, and comprehensive coverage. Also, car insurance plans can vary based on coverage limits.
  • Check J.D. Power ratings. Every year, J.D. Power publishes two studies. The first study is the U.S. Auto Claims Satisfaction Study, where they reveal how easily were customers able to process an insurance claim and if the policyholders were satisfied with the claims process overall. The second study, Insurance Shopping Study, reveals how competitive were the insurance company’s prices and how easy was the shopping experience for customers. It’s not uncommon for certain companies to consistently rank better than their competitors in terms of claims satisfaction and insurance shopping.
  • Check out the complaints about each insurance provider. Drivers can do that by checking The Association of Insurance Commissioners (NAIC) site. The NAIC offers two types of complaint reports. First is the Closed Complaint Counts by Code, where drivers can find out the reasons why complaints were filed against a particular car insurance company. The second is the Closed Complaint Ratio Report, where policyholders can see the number of complaints adjusted by market share. When looking at complaints, drivers can find various information such as reasons for complaint, complaints by type of insurance, a description of what happened, denial of the claim, charging extra fees, and more.
  • Look for discounts that are unique to each provider. Some providers offer discounts exclusive to that company. For example, some insurers are specialized in insuring high-risk drivers and they can offer better rates for these drivers than most insurers. Other discounts that may be unique at one provider include complimentary rental car insurance coverage, discounts to active duty or retired military personnel and their families, discounts for police officers, nurses, doctors, teachers, and more.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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Radius Bank Announces Multiple New Hires Amid Continued Growth


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Radius Bank, a forward-thinking digital bank, announced today it has hired three new team members within the Institutional Banking division to support recent growth and to better serve its clients. Radius’ newest team members, Tyler Mensick, John Relyea, and Joey Miranda, further strengthen the Bank’s offerings to businesses and labor unions both small and large nationwide.

Tyler Mensick, Vice President of Regional Sales and Relationship Manager for Escrow Sales, is primarily focused on business development and the acquisition of escrow deposits. He joins Radius from Opus Bank, where he spent eight years in various senior roles as the head of relationship management and deposit generation. During his time at Opus Bank, Mensick focused heavily on growing large portfolios of escrow deposits and developing strong, reciprocal relationships with multifamily and commercial real estate brokers, borrowers, lenders, and title representatives. He is based in Los Angeles, California and supports clients across the country for Radius.

John Relyea, Senior Vice President of Commercial API Banking, is tasked with driving the development and deployment of Radius’ strategy for API Banking that provides businesses with the convenience of using application programming interfaces (APIs) to send and receive payments and manage their cash from within their current operating systems, versus having to use the Bank’s online or mobile banking platform. Before joining Radius, Relyea was the Senior Vice President of Direct Lending at Security National Automotive Acceptance Company. Within his previous role, he had success in transforming go-to-market strategies, leading UX marketing and branding revamps, and managing cross-functional teams. With more than 25 years of experience, Relyea has built an expertise in crafting digital visions, defining strategies and cross-functional collaborations, and negotiating with stakeholders. He is based in Cleveland, Ohio.

Joey Miranda, Vice President of Cash Management Sales, is working directly with the Institutional Banking relationship team to provide subject matter expertise in cash management sales and deposit support. Miranda joins Radius from Santander Bank, where he spent the last five years in various senior roles including his most recent position as AVP Cash Management Sales Officer. He is based in Boston, Massachusetts.

“As we experience continued growth and seek to broaden our reach into new businesses and industries, it was essential that we expanded our workforce to better serve our clients,” said Phil Peters, Radius’ Executive Vice President / Chief Operating Officer. “Each of them brings a uniquely qualified background, and I look forward to seeing them utilize their expertise to help the Institutional Banking team exceed their goals in 2020.”

To learn more about Radius Bank, visit http://www.radiusbank.com or connect on Twitter, LinkedIn, Facebook, and Instagram.

About Radius Bank

With assets of approximately $1.5 billion, Radius Bank is a forward-thinking digital bank committed to providing a full complement of accounts and services to meet the banking needs of consumers and businesses nationwide. Radius provides the product depth of a national brand, the technology of a fintech, and the personalized attention typically reserved for a local bank to consumers, small and middle market businesses, unions, government entities and non-profit organizations. The Bank’s award-winning digital banking platform allows consumer clients to bank from anywhere with a computer or mobile device and provides convenient features such as check deposit, bill pay, card management, and a personal financial management dashboard. Business clients enjoy a wide array of award-winning deposit products, advanced treasury management services, and loan and payment solutions. In addition, Radius’ suite of open APIs delivers a robust banking-as-a-service (BaaS) platform for fintechs to quickly access core banking features and build best-in-class financial solutions. Radius specializes in partnering with forward-thinking fintechs to provide white-label deposit products, cards, digital onboarding, and account management. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, visit the Bank’s website at radiusbank.com, or follow the Bank on Twitter, LinkedIn, Facebook, and Instagram.

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Hippo Insurance Expands Claims Partnerships with Handdii and Westhill


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The most important moment that we need to stand by our customers is when they file a claim, and we approach the process with empathy, since we’re rebuilding their lives, not just their property.

Hippo, the high-growth company that’s transforming home insurance and ownership, announced two new partnerships, aimed at increasing the efficiency of its end-to-end customer claims handling through Handdii and Westhill. These partnerships will allow Hippo Insurance Services to match claimants with top tier contractors to deliver the comfort and satisfaction of high quality work, real-time updates and a faster reconstruction timeline.

Hippo Insurance Service’s in-house claims team is centered around its claims concierge service to make the claims handling process as smooth as possible from start to finish with a single point of contact. With their strategic new partners, Hippo’s customers with insurance claims will also be connected directly with a pre-vetted contractor or service professional to manage their repairs and reconstruction leading to more efficient work, and less stress.

Westhill’s digital platform is designed for medium to large sized property claims fulfillment. The company partners with contractors who possess the expertise to mitigate or repair property losses with complexity ranging from single-trade roofing to total loss fires. Through Handdii, which is focused on minor repairs like exterior wind damage, water leaks and general equipment breakdown, claims are closed in an average of 14 days inclusive of mitigation and reconstruction, compared to the 40-day industry average.

Hippo Insurance Services measures customer satisfaction closely throughout the claims process. Both its new partners track several performance metrics, including customer satisfaction, to ensure that top quality work is completed and real-time updates are provided along the way. This unique focus on customer satisfaction specifically for its claims operations allows Hippo’s claims concierge team to deliver the best possible experience from the moment an issue occurs through to its resolution.

Hippo’s program with Handdii, where contractors and service providers have an average rating of 4.9 out of 5 stars, is currently live in select cities across California and Texas. The program with Westhill is live in select cities across Texas. Both Hippo partners have successfully serviced hundreds of claims for customers this year, to great success and customer satisfaction. The company plans to actively expand the program to additional states where Hippo Insurance Services is available later this year.

“The most important moment that we need to stand by our customers is when they file a claim, and we approach the process with empathy, since we’re rebuilding their lives, not just their property,” said Daniel Blanaru, VP of Growth Initiatives, Hippo. “We’re taking a bigger role in providing a resource and solution for all things within the home, so that our clients can feel reassured that Hippo will handle the tough stuff for them. Handdii and Westhill are two partners we brought on who are pioneering the space and helping create a renewed claims experience for Hippo clients.”

“The claims process for insurance companies has been a complicated and complex process left in the hands of policyholders to navigate,” said Christie Downs, Co-founder and CEO, Handdii. “We’re proud of the positive achievements our partnership has provided to Hippo clients to close out claims with more convenience and comfort than ever before.”

“Hippo has a proven ability to always put the customer first,” said Lary Parker, Co-founder and Chief Product Officer, Westhill. “We’re proud to offer the sophistication of Westhill’s platform and ecosystem of contractors to manage even the most complicated of losses, ensuring that Hippo clients have a reassuring and comfortable experience every time.”

About Hippo

Hippo Insurance Services is on a mission to transform home insurance for the modern household. The company brings homeowners closer to a modern home insurance experience with an efficient online purchase experience using trusted data sources, a smart home device kit included with every policy and even more coverage for possessions like appliances, electronics and home offices. Hippo Insurance is part of Hippo’s family of companies that brings together home wellness and home insurance for today’s homeowners. Headquartered in Palo Alto, California, with insurance products available to over 65 percent of homeowners in the U.S. Hippo Insurance Services is a licensed property casualty insurance agent with products underwritten by various insurance companies. For more information, including licensing information, visit http://www.hippo.com.

About Handdii

Handdii leverages technology to simplify and fast track property claims improving and streamlining the experience for the home owner. Handdii creates an eco-system connecting insurance carriers and their claimants directly to a network of top-tier local contractors to undertake property repairs. Handdii provides all parties with transparency across repair work progress and cost whilst automating administration requirements for the insurance carrier and contractor. The digital experience optimizes the claim life-cycle, removing cost and improving customer experience.

Handdii is supported by the Australian Government Department of Industry, Innovation and Science with a commercialization grant through the Entrepreneurs’ Programme and via the Landing Pad San Francisco. Handdii is an alumni of the Hartford InsurTech Hub, USA cohort of 2019. For more information, visit http://www.handdii.com

About Westhill

Westhill Inc. provides digital solutions for the property & casualty (P&C) insurance industry, focused on delivering an exceptional claim experience. Westhill leverages smart technology to connect insurance carriers, contractors and policyholders, providing customer choice and removing inefficiencies from the claims process. Advocates in the power of connection, Westhill believes all successful experiences need a foundation grounded in transparency and shared value, principles that are woven throughout each facet of Westhill’s business model. For more information, visit http://www.westhillglobal.com.

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Briza integrates with EMPLOYERS to Enable Insurance Agents to Deliver Workers’ Compensation Insurance Digitally


In the era of APIs, distribution is king. This is clearly the way the insurance industry is moving, and this integration helps further position us to take advantage of the potential of emerging technology. -Ray Wise, SVP of Sales at EMPLOYERS

Briza is a commercial insurance API (application programming interface) that connects insurers’ underwriting systems to insurance agencies and consumer apps. These deep connections enable quick insurance delivery by allowing consumers to get small business insurance quotes, pay, and have a policy issued to them in a matter of minutes online. This saves insurance agents hours of busywork, freeing up time that is typically spent duplicating paperwork, sending forms, and logging into multiple carrier websites to get quotes.

One of Briza’s agency customers based in Austin, Texas, had this to say: “As an independent agent, I’m always looking for ways to grow the commercial side of my book, but I’m always frustrated with how long it takes to write these small business policies. With Briza, I can help clients get quotes, pay online, and have coverage bound in minutes. It’s a huge game-changer.”

The integration allows any of Briza’s customers, which are independent insurance agencies across two dozen U.S. states and growing, to sell EMPLOYERS’ workers’ compensation products online through agency-branded portals. In future versions of the Briza software, the integration will also enable small business owners to purchase workers’ compensation through financial services apps such as banking, bookkeeping, payroll, and tax preparation that upsell existing complementary services.

This development is exciting based on our greater reliance on technology in today’s world. “In 2020, consumers expect buying products online to be instant,” said Ben Munro, CEO of Briza. “Small business insurers that adapt to changing agent expectations will gain a competitive advantage. EMPLOYERS is a great example of a company that is committed to innovating and making it easier for their customers by building these systems on the carrier side. We are excited to work with them.”

EMPLOYERS feels similarly about the new relationship with Briza. “In the era of APIs, distribution is king,” said Ray Wise, Senior Vice President of Sales at EMPLOYERS. “This is clearly the way the insurance industry is moving, and this integration helps further position us to take advantage of the potential of emerging technology. It gets our products in front of more small business owners and the agents they turn to for expert advice and service.”

About EMPLOYERS

Employers Holdings, Inc. is a holding company with subsidiaries that are specialty providers of workers’ compensation insurance and services focused on select, small businesses engaged in low-to-medium hazard industries. The Company operates throughout the United States, with the exception of four states that are served exclusively by their state funds. Insurance is offered through Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, Employers Assurance Company and Cerity Insurance Company, all rated A- (Excellent) by the A.M. Best Company. Not all companies do business in all jurisdictions. See http://www.employers.com and http://www.cerity.com for coverage availability. EMPLOYERS® and America’s small business insurance specialist® are registered trademarks of EIG Services, Inc.

About Briza

Briza was founded in 2016, and is currently led by CEO Ben Munro, CTO Rishi Sharma, and COO Dominic Bortolussi. The software company also has distribution partnerships with other A-rated carriers including Crum & Forster (a Fairfax company), Hiscox, Markel, and Coalition. The company recently announced a round of venture funding, with institutional investors 500 Startups and Leaders Fund, alongside a number of angel investors including Munro and CEO of FreshBooks Mike McDerment.

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