New York, NY (Mar. 27, 2024) \u2013 Chubb Personal Risk Services (PRS) is pleased to announce the launch of a new self-service Flood Insurance System for agents that will seamlessly support its personal lines business for primary and excess flood and will provide quotes for low-hazard properties in under two minutes. This new platform will integrate with the Chubb Agent Portal<\/span> and Masterpiece EZ Quote homeowners platform<\/a>.<\/p>\n Agents will benefit from working directly with Chubb as a single point of contact for faster access to flood quotes and an enhanced user interface. The system will be available across all U.S. states where Chubb writes flood insurance.<\/p>\n \u201cWe made a significant investment to create an exceptional quoting and issuance process for agents and to ensure we can offer complete flood protection coverage options for clients,\u201d said Louis Hobson<\/span>, Senior Vice President of Chubb\u2019s North America Flood Insurance Business.<\/p>\n Flooding Isn\u2019t Just Caused by Natural Disasters<\/b><\/p>\n The frequency of flooding is increasing with changing climate conditions, including in many areas historically not prone to it. While commonly associated with major weather disasters, flooding is also linked to less obvious events such as rain runoff, which can severely impact any location. The unpleasant reality is that wherever it can rain, it can flood.<\/p>\n Hobson added, \u201cStandard home policies often exclude any surface water that enters your home. The most common cause of flooding damage isn\u2019t linked to an extreme weather event \u2013 it can be as simple as rain runoff that accumulates too quickly.\u201d<\/p>\n Chubb recognizes that all properties are at risk from flooding \u2013 regardless of their location. Through Chubb\u2019s flood insurance, agents and brokers can help clients increase their protection against the risk of flood for their property and possessions. The carrier provides customized limits that meet clients\u2019 needs, whether its coverage that protects against flood or mudflow, with limits as high as $15 million<\/span>. Coverage can start for as low as $500<\/span> a year.<\/p>\n In addition to providing agents with an improved tool to quote flood insurance, Chubb has shared insights around how to mitigate and prevent flooding. The carrier recently published a report, \u201cProtecting your family and home from a flood<\/a><\/strong><\/em>,\u201d where agents and brokers can gain insights around how flood damage can be further mitigated and what precautionary measures clients can take before, during, and after a flood event.<\/p>\n Findings are based on a survey of 800 high net-worth individuals in the U.S. and Canada<\/span>. The survey was conducted by iResearch Services on behalf of Chubb during September and October of 2023. Respondents had investable assets of at least $500,000<\/span> with the majority reporting assets of $1.5 million<\/span> to $25 million<\/span>. Ten percent (as of Oct 11, 2023<\/span>) had assets over $50 million<\/span>. The margin of error is +\/- 4%.<\/p>\n Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB)<\/em> and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich<\/span>, New York<\/span>, London<\/span>, Paris<\/span> and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at chubb.com<\/a>.<\/p>\n Chubb Insurance Company of Canada has offices in Toronto, Calgary, Montreal and Vancouver and provides its products and services through licensed insurance brokers across Canada. For additional information, visit: chubb.com\/ca<\/a>.<\/p>\n Source: Chubb INA Holdings<\/i><\/p>\n Tags: Chubb<\/a>, flood<\/a>, launch<\/a>, platform<\/a>, Self-Service<\/a>, United States (USA)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" New self-service Flood Insurance System for homeowner policies features enhanced user interface New York, NY (Mar. 27, 2024) \u2013 Chubb Personal Risk Services (PRS) is pleased to announce the launch of a new self-service...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21708"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=21708"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21708\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=21708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=21708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=21708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Chubb Wealth Report Survey Methodology<\/b><\/h4>\n
About Chubb<\/b><\/h4>\n