HSB

HSB Introduces Cyber Insurance for Autos

Retrieved on: 
Tuesday, March 26, 2024
Online Privacy, Technology, Professional Services, Automotive, General Automotive, Vehicle Technology, IOT (Internet of Things), Security, Apps, Applications, Software, Other Automotive, Networks, Mobile, Wireless, Hardware, Insurance, Off-Road Trucks & SUVs, Data Management, Cyberattack, Cybercrime, Risk management, Communication, SUV, Internet of things, Risk, Vehicle, Transport, Virus, Computer, Hurricane Ian, Identity theft, Superior, HSB, MEAG, Engineering

HSB Cyber for Auto is designed to cover attacks on personal data that is connected and stored in a vehicle.

Key Points: 
  • HSB Cyber for Auto is designed to cover attacks on personal data that is connected and stored in a vehicle.
  • HSB’s Cyber for Auto will be available1 through an endorsement to the policies of insurance companies that partner with HSB.
  • 1 The Cyber Security for Automobile Insurance offering described above has not been approved by any state insurance departments.
  • HSB insurance offerings include equipment breakdown, cyber risk, specialty liability and other coverages.

WINT builds on success of 2023 to accelerate growth and innovation

Retrieved on: 
Wednesday, January 10, 2024
Insight Partners, GCS, Empire, HP, Munich Re, HSB, Insurance, Water damage, Algorithm, PepsiCo, WINT, Risk, Carbon, Water, Suffolk Construction Company, Pain, Organization, Growth, Renewable energy

NEW YORK, Jan. 10, 2024 /PRNewswire/ -- As organizations around the world face rising costs related to water damage and increased focus on water sustainability, WINT Water Intelligence is building on its success in 2023 to continue solving these challenges for insurance, construction, facilities, and property management companies.

Key Points: 
  • In addition, WINT's solutions prevented over 900 water damage incidents with a total damage potential of tens of millions of dollars.
  • WINT's success in preventing water damage has helped accelerate the growth of its insurance network, which includes carriers, brokers, MGAs and risk-engineering firms and has nearly tripled during the year.
  • "Our achievements in 2023 reflect the serious need for lasting solutions to the problems and costs associated with leaks, water waste and water damage," said Alon Geva, CEO of WINT.
  • WINT is used globally by customers including the Empire State Building, HP, PepsiCo, Suffolk Construction, as well as many other leading enterprises, general contractors (GCs) and facility owners.

Home Connectivity Alliance Announces HCA Energy Management Interface Specification 1.0 at CES 2024

Retrieved on: 
Monday, January 8, 2024
Consumer Electronics, Retail, IOT (Internet of Things), HVAC, Technology, Home Goods, Manufacturing, Cloud, Home, Toshiba, HCA, Ecosystem, Cooking, Midea Group, Vestel, Refrigeration, Television, Insurance, Business development, Engineering, Device, HSB, SVP, American Standard, CES, Samsung Electronics, Risk management, Lighting, LG, Communication, Renewable energy

Home Connectivity Alliance (HCA), an organization dedicated to the development and promotion of secure interoperability and energy savings across long-life appliances, HVAC systems and TVs within the connected home ecosystem today announced the release of its HCA Energy Management Specification 1.0 at CES 2024 in Las Vegas, Nev., USA on Jan. 9-12, 2024.

Key Points: 
  • Home Connectivity Alliance (HCA), an organization dedicated to the development and promotion of secure interoperability and energy savings across long-life appliances, HVAC systems and TVs within the connected home ecosystem today announced the release of its HCA Energy Management Specification 1.0 at CES 2024 in Las Vegas, Nev., USA on Jan. 9-12, 2024.
  • “HCA Energy Management is based on the principle that appliance manufacturers – like those involved in the Home Connectivity Alliance – are in the best position to determine the energy management potential of connected appliances,” said Yoon Ho Choi, Home Connectivity Alliance President.
  • With HCA Energy Management, key data from appliances that consume the most energy – including how much power they use and how to optimize it – become more accessible.
  • HCA members can offer energy usage insights that empower consumers to leverage HCA technology, resulting in energy efficiency and cost savings.

Augury and HSB Introduce Innovative Production Loss Guarantee for Critical Rotating Assets

Retrieved on: 
Tuesday, December 5, 2023
Machinery, Professional Services, Machine Tools, Metalworking & Metallurgy, Data Management, IOT (Internet of Things), Technology, Asset Management, Other Manufacturing, Artificial Intelligence, Data Analytics, Engineering, Insurance, Manufacturing, Augury (company), Senior, Organization, Risk, Guaranteed, Munich Re, Health, Partnership, AI, Overalls, HSB, Maintenance (technical), Management, Life insurance, Augury

Building on the precision and dependability of Augury's cutting-edge, AI-driven Machine Health for Critical Assets (Machine Health CR) solution, Augury and HSB partnered to introduce a highly innovative Production Loss Guarantee for Critical Rotating Assets.

Key Points: 
  • Building on the precision and dependability of Augury's cutting-edge, AI-driven Machine Health for Critical Assets (Machine Health CR) solution, Augury and HSB partnered to introduce a highly innovative Production Loss Guarantee for Critical Rotating Assets.
  • "Our mission at Augury has always been to empower businesses with the tools they need to ensure the health and reliability of their critical assets.
  • With the introduction of the Production Loss Guarantee, we are taking a giant leap forward in achieving that mission.
  • Key features of Augury's Production Loss Guarantee include:
    Expanded Coverage: Augury's Guaranteed Diagnostics™ now covers a wider spectrum of production-related critical rotating assets, including pumps, motors, fans, compressors, and more, giving businesses the assurance of uninterrupted production across their entire operational landscape.

OTORIO and HSB Launch Warranty That Leverages Risk Management Strategies to Enhance Insurability and Protect Operational Efficiency

Retrieved on: 
Wednesday, September 27, 2023
OT, HSB, Monitoring, Risk management, Risk assessment, Spot, TEL, Risk, Engineering, Entrepreneurship

TEL AVIV, Israel and HARTFORD, Conn., Sept. 27, 2023 /PRNewswire/ -- OTORIO, the leading provider of operational technology (OT) cyber and digital risk management solutions, and HSB, a specialty insurer, today announced a joint effort to raise awareness of OT security and risk reduction as crucial strategies for insurability. To launch the collaboration, HSB and OTORIO have developed a limited performance warranty supporting the implementation of OTORIO's OT security cyber risk management solutions into various business applications.

Key Points: 
  • To launch the collaboration, HSB and OTORIO have developed a limited performance warranty supporting the implementation of OTORIO's OT security cyber risk management solutions into various business applications.
  • "Improved preparedness, response, and recovery from disruptive events are critical for reducing OT risk, and this is where OTORIO excels."
  • To support this initiative, HSB and OTORIO have co-authored a whitepaper to address crucial insurability challenges in today's evolving interconnected landscape.
  • It explains the critical roles of risk reduction in preventing operational and business disruptions and outlines preventative measures to improve insurability and lower premiums.

Boyden Research Puts All Eyes on the Board, as Growth Confidence in North America Lags Rest of the World

Retrieved on: 
Wednesday, September 27, 2023
HSB, Organization, Asia Pacific Adaptation Network, Environment, Research, Risk, Management

Washington, D.C./Toronto, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Boyden, a premier global leadership and talent advisory firm, reports on its annual global executive talent research with regional analysis on North America .

Key Points: 
  • Washington, D.C./Toronto, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Boyden, a premier global leadership and talent advisory firm, reports on its annual global executive talent research with regional analysis on North America .
  • Findings show senior executives in the region are the least confident worldwide in their organization’s growth potential and in having the right board talent to align with strategy.
  • The global study , Exploring Adaptivity through Strategy and Talent, reveals perspectives on risk among CEOs, boards and other senior leaders, alongside executive talent trends, priorities and investment.
  • Just 30 percent of respondents in North America are very confident in their organization’s growth potential to 2025, compared with 57 percent in Asia-Pacific, 50 percent in Latin America and 36 percent in Europe.

AM Best Affirms Credit Ratings of The Hartford Steam Boiler Group’s Members

Retrieved on: 
Friday, August 4, 2023
Insurance, Professional Services, HSB, AM Best, Hartford Steam Boiler Inspection and Insurance Company, ALL, Internet of things, Policy, Risk management, Water, Credit, Risk, FSR, Superior, United Kingdom, Knowledge, Growth, Long-term care insurance, AM, News

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of the members of The Hartford Steam Boiler Group (HSB).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of the members of The Hartford Steam Boiler Group (HSB).
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

HSB Renews Agreement with Cyberwrite for AI-driven Cyber Insurance Platform

Retrieved on: 
Friday, June 23, 2023
HSB, Insurance, Partnership, Risk

NEW YORK, June 23, 2023 /PRNewswire/ -- Cyberwrite, global provider of the patented AI cyber insurance risk technology 4SEEN® and cyber insurance technology solutions, and specialty insurer HSB today announced an extension to their partnership as part of HSB's ongoing strategy to better leverage data and technology in its cyber insurance underwriting and portfolio management. 

Key Points: 
  • NEW YORK, June 23, 2023 /PRNewswire/ -- Cyberwrite, global provider of the patented AI cyber insurance risk technology 4SEEN® and cyber insurance technology solutions, and specialty insurer HSB today announced an extension to their partnership as part of HSB's ongoing strategy to better leverage data and technology in its cyber insurance underwriting and portfolio management.
  • HSB uses the Cyberwrite platform to assess risk across its large portfolio of insured organizations.
  • "The strength and reach of Cyberwrite's platform helps us keep up with emerging exposures in this rapidly evolving cyber threat landscape."
  • "Using the Cyberwrite technology, HSB demonstrates the potential of leveraging AI-driven solutions with cyber insurance in helping businesses to understand and reduce their risks and get the protection they need."

HELIXintel Secures Series A Funding Round to Fuel Expansion in Building Management Industry

Retrieved on: 
Monday, June 12, 2023
National Grid plc, HSB, Insurance, Maintenance, Partnership, Culture, Original equipment manufacturer, Electricity, Data collection, Innovation, Stellify Media, HVAC, Eastchester Union Free School District, National Grid, Risk, Natural gas, Worthington Township, Nobles County, Minnesota, BOCES, Growth, Seed, Munich Re, NPG, Renewable energy, Sales, Risk management

BUFFALO, N.Y., June 12, 2023 /PRNewswire/ -- HELIXintel , an innovative platform providing building management, predictive analytics, and equipment management solutions, has concluded a successful and competitive Series A funding round, strategically positioning the company for significant growth and expansion.

Key Points: 
  • BUFFALO, N.Y., June 12, 2023 /PRNewswire/ -- HELIXintel , an innovative platform providing building management, predictive analytics, and equipment management solutions, has concluded a successful and competitive Series A funding round, strategically positioning the company for significant growth and expansion.
  • HELIXintel is at the forefront of transforming the building management space.
  • The strategic partnership between HELIXintel and Munich Re's HSB has been a driving force behind the growth and industry influence of HELIXintel.
  • Ahead of its Series A funding round, HELIXintel unveiled its latest innovation, HELIXintel Savings Scout™ .

RealWork Labs Launches the World's First Neighborhood Brand Platform, Crux Revolutionizing the Home Service Business Industry

Retrieved on: 
Thursday, May 25, 2023
HSB, Marketing, Internet, HSB (Sweden), Human, Multimedia, SEO, Desktop, Trust, Map, NBP, Growth, Online shopping, Mobile phone, Crux

Crux emphasizes that great work should be the driving factor for success rather than the amount spent on marketing campaigns.

Key Points: 
  • Crux emphasizes that great work should be the driving factor for success rather than the amount spent on marketing campaigns.
  • The Crux Mobile and Desktop app will launch first, followed by integrating Crux platform features with other systems businesses use.
  • Join the revolution and experience the benefits of the world's first Neighborhood Brand Platform - Crux.
  • For more information about RealWork Labs and Crux their Neighborhood Brand Platform, visit realworklabs.com.