Around the P&C insurance industry: November 3, 2021

RIMS and Hong Kong Confederation of Insurance Brokers are partnering to deliver The Science of Risk Management virtual workshop for the confederation’s vast network of risk management leaders and insurance and brokerage professionals. Scheduled for November 23-26, 2021, the workshop will explore the dimensions of risk management, key risk management competencies, risk professionals’ evolving role and business leaders’ expectations of this critical function.

Sedgwick launched a comprehensive, end-to-end automotive loss adjusting, claims administration and product recall offering. This is the most complete solution available in the U.S., as Sedgwick has a presence in every state as well as service offerings across Canada and around the world.

Recoop Disaster Insurance launched a multiperil disaster insurance product designed to provide fast recovery cash to consumers in the wake of a natural disaster. This easy and affordable solution was designed to pay out a lump-sum cash benefit after a declared disaster, including hurricane, wildfire, tornado, earthquake, gas explosion, winter storm or dust storm.

Johnson, Kendall & Johnson merged with Witherspoon & Associates to provide custom coverage products to businesses and professionals in the marine and scuba industry. Witherspoon & Associates has more than 30 years of experience in risk management.

Institute of Inspection, Cleaning, and Restoration Certification elected their 2021-2024 board of directors and 2022 executive committee. Carey Vermeulen is now chairman of the board. New members of the 2021-2022 board include Leslie Anderson and Mark Cornelius. Being re-elected to the board were Lonnie McDonald. Mark Drozdov, Tony Macaluso, and Scott Mitseff. Kevin Pearson is serving as immediate past chairman.

Hylant launched RoadPilot, a “pay as you go” hired non-owned program designed for the restaurant home food delivery industry. The program takes a unique approach by integrating real-time monitoring of driver behavior with the assessment of risk. The program will typically target restaurant groups with 20 or more locations. Traditional insurance products can lead to gaps in coverage for restaurant businesses that rely on delivery drivers because premiums are based on industry averages and applied universally regardless of the drivers’ liability profiles.

Related: Around the P&C insurance industry: October 27, 2021