Our weekly look at the latest promotions, appointments, awards & accolades news from in and around the Massachusetts insurance industry…
Appointments
Charles Hamilton Joins Corvus Insurance
Boston-based insurtech company, Corvus, welcomes Charles Hamilton as the new VP, Head of Cargo Underwriting. Hamilton joins Corvus with over seventeen years in the insurance industry. He previously worked in the marine unit at Berkshire Hathaway Specialty Insurance.
“Charles has experience in all types of Marine Cargo and a track record of success with some of the largest insurers in the world,” says Corvus CEO Phil Edmundson.
“I am excited to be joining Corvus Insurance,” says Hamilton. “I look forward to expanding our knowledge of combining cargo and Insurtech capabilities to the brokerage community. I am looking forward to helping us become the best in this space.”
Corvus Insurance, a leader in providing technology-enabled commercial insurance, offers Smart Cargo Insurance for Food and Life Science companies. Smart Cargo Insurance tools analyze data from temperature sensors that are already used in the shipments of goods that are subject to spoilage. This allows Corvus to “score” the temperature stability for each individual manufacturer/shipper of goods.
This Corvus Cargo Score is used to better inform underwriting, and to provide commercial insurance brokers and buyers with Dynamic Loss Prevention recommendations and business intelligence. These recommendations help brokers reduce the total cost of risk for their clients. In addition, Corvus’ online platform, the CrowBar, provides brokers and policyholders on-demand access to policy information, claims reporting, loss prevention recommendations, and business intelligence.
Corvus Insurance Holdings, Inc., founded in 2017, is headquartered in Boston, Massachusetts. Corvus is funded by Bain Capital Ventures and other investors.
United Insurance Holdings Corp. Appoints Christopher Griffith as Chief Information Officer
UPC Insurance has announced an agreement with Christopher Griffith to fill the Company’s vacant Chief Information Officer position. Upon joining the Company in October, Mr. Griffith will be responsible for directing and leading all aspects of the Company’s information technology operations.
Mr. Griffith has over 20 years of technology-related experience, with over 12 in the insurance industry. Most recently, Mr. Griffith served as the Vice President and Chief Information Officer of Safety National Casualty Corp (Safety National), a specialty insurance and reinsurance provider. While at Safety National, Mr. Griffith was responsible for the data and digital initiatives of the company, as well as oversight and development of over 200 IT professionals. Previously, Mr. Griffith has served in various executive-level IT positions across multiple industries.
Mr. Griffith holds a B.S. in Computer Science from the University of South Carolina, as well as an Executive MBA from the University of Missouri-Columbia.
“We’re thrilled to welcome Chris to the UPC team,” said John Forney, President and Chief Executive Officer of UPC Insurance. “Technology and data can be important sources of competitive advantage in our industry, and Chris is the type of visionary leader who can build a team that moves us toward that goal. We look forward to bringing him on board.”
NAIC Accepting Applicants for 2019 Consumer Liaison Representatives
The NAIC is now accepting applications for its 2019 Consumer Liaison Program. Established in 1992, the Consumer Liaison Program promotes consumer representation and interaction with NAIC members by providing funding for representatives of consumer organizations to participate in NAIC meetings.
“The insight we get from consumer representatives is invaluable as we weigh the impact of changes to insurance regulation on the consumers in our states,” said Julie Mix McPeak, NAIC President and Tennessee Commissioner of Commerce and Insurance. “They provide a unique perspective and voice, which is critical as we make decisions at the NAIC.”
According to the NAIC, a consumer organization can be a national, state or local organization that serves to protect the interests of consumers as they relate to the regulation of insurance. The NAIC provides travel expense reimbursement to funded consumer representatives.
“Partnering with consumer representatives ensures that we never lose sight of who we are working for – U.S. consumers,” said Stephen C. Taylor, Commissioner of the District of Columbia Department of Insurance, Securities and Banking. “Working with consumer advocates brings into focus our collective vision for protecting policyholders.” Taylor chairs the NAIC’s Consumer Liaison Committee and the Consumer Participation Board of Trustees.
To qualify, an individual must demonstrate a commitment to representing consumer interests in insurance regulation, be willing to fully participate in NAIC deliberations and have established expertise and experience on insurance-related issues addressed by the NAIC. Funded consumer representatives must also show that outside funding is required in order to carry out the above responsibilities. A candidate must not have obligations or commitments to an industry that conflict with his or her responsibilities to represent consumer interests.
Individuals who do not need NAIC funding may apply to participate in the Consumer Liaison Program as an unfunded consumer representative. The deadline is 5:00 p.m. Central time on Oct. 31, 2018. Applicants will be selected in December and notified in early 2019.
More information regarding the NAIC’s Consumer Liaison Program and the application process is available online.
Awards/Raffle
Cape Cod Insurance Agents Association (CCIA) Launches 2018 Driver’s Education Raffle
The Cape Cod Insurance Agents Association has announced its sponsorship of a new Driver’s Education Reimbursement Raffle for students residing on Cape Cod. To enter, eligible students need to take a picture of themselves wearing the bracelet that the CCIA has provided to schools with the message, “Stay Alive Don’t Text and Drive”.
Once they have the picture they should text it to capeagentsraffle@gmail.com, an email address created specifically for the raffle. Raffle winners will be announced in December.
The following is a complete list of the Raffle Rules:
- Applicant must submit full name and telephone number along with pic wearing “Stay Alive! Don’t Text & Drive” wrist band, via email to capeagentsraffle@gmail.com.
- Drawing to take place 12/14/2018.
- Applicants must be enrolled as students in high school within Barnstable, Dukes or Nantucket Counties.
- Applicants must complete driver’s education with a Massachusetts accredited Driver’s Education Facility within 6 months (before or after) the drawing date.
- Must provide proof of completion and payment of class.
- Raffle will pay reimbursement to the payer of the class of up to $750.00
- Children & Grandchildren of Cape Cod Insurance Agent’s Association board of directors’ members and officers are not eligible.
- Winner will be notified on or about 12/14/2018 and will have until 7/15/2019 to claim the prize.
There is no purchase necessary to win. For those interested in learning more, please visit the CCIA website at https://www.capeagents.com/.
