Chubb has introduced an enhanced technology platform for the management of commercial underground and above-ground storage tank insurance.
In a statement, Chubb explained that the platform is a "fully-automated internet-based system designed to help make an otherwise complicated process more user-friendly and efficient for retail and wholesale brokers – from submission through policy and financial responsibility certificate issuance."
According to Chubb, the platform can be used to combine underground and above-ground storage tank coverage in a single policy that is available on an admitted basis to brokers in all 50 states.
"For more than 15 years, Chubb has helped commercial companies of all sizes identify and fill potential coverage gaps and mitigate the risks associated with tank ownership and management," said Craig Richardson, executive vice president of Chubb's environmental lines. "This latest enhancement provides both retail and wholesale brokers with greater control over their storage tank programs, ultimately providing tank owners and operators with the integrated financial responsibility coverage and technology solutions they need."
Chubb added that notable features of the new platform included:
- On-the-go access via a smartphone and tablet;
- Geolocation tank mapping functionality that readily identifies each scheduled location;
- The ability to quote up to three deductible options at one time; and
- The ability to upload storage tank information to the portal via spreadsheet allowing users to review all documents in one centralized location.
"Chubb is committed to this business and the continual evolution of integrated technology solutions to help our brokers take greater control over – and more easily manage – their insurance programs," Mr. Richardson continued. The platform's users "can conveniently rate, quote, and issue tank liability policies and certificates for financial responsibility through the portal."
Learn more: chubb.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].