American Hobbyist’s Online Rating

American Hobbyist Insurance, a national provider of collector-vehicle insurance, added real-time online quoting and submission capabilities to its newly redesigned Web site.

AmericanHobbyist.com now provides online quoting and submissions for agents. The option allows agents to offer their clients real-time quoting, submission, and possibly, binding. When agents submit an application online, they’ll be notified instantly by e-mail if the risk was accepted, or if it needs underwriting review.

The new site also offers: A free online-quote engine for agency Web sites; online agent accounts; a one-page, no-contract licensing process for agents; printable forms; and marketing support, including custom flyers, brochures, signs, and premium incentives for agents who sponsor or attend collector-car events.

Web site: www.americanhobbyist.com.

AIG’s Online Loss Benchmarking

AIG Excess Casualty, a division of the property/casualty insurance subsidiaries of American International Group Inc., rolled out a new online database of real-world claim scenarios designed to serve as an aid for both insurance buyers and brokers in benchmarking a particular liability type, industry or limit.

The AIG xsClaims Archive contains nearly 2,000 high-cost claims examples in excess of an insured’s primary liability coverage from 1988 to 2004. Sorted by liability type and industry, insurance buyers and brokers can use the information provided to assess: The kind of claims prevalent in a particular industry; the potential liability exposure of specific claims; the commercial umbrella policy limits of the defendant; the event that triggered the claim; and the state in which the occurrence took place.

Web site: www.aigexcesscasualty.com.

Proxix Solutions’ FIREbreak

Proxix Solutions, a provider in developing GIS data, applications and Web services, announced the availability of FIREbreak, its first comprehensive tool for accurately assessing risk determination for urban/wildland areas. Proxix developed FIREbreak as a stand-alone product or to use in conjunction with its Brushfire/Fuel Rank product.

FIREbreak was created from a high-resolution grid covering 1/4 x 1/4 grid mile cells populated with the number of structures per cell. FIREbreak’s classifications enhance data for analyzing brushfire risk and do not rely on a simple urban/non-urban classification. FIREbreak identifies discrete residential clusters within the urban boundary and, when combined with Proxix’s Brushfire/Fuel Rank, spots clusters of housing adjacent to or near wildland areas and High and Very High brushfire risk areas.

Proxix Solutions also offers other hazard databases, including Mainland Determination and Distance to Water Feature, Earthquake, Hail, Mine and Mine Subsidence, Sinkholes, Tornado and Windpool, to help insurance underwriters make informed risk decisions.

Web site: www.proxix.com.

Siebel Systems’ Insurance 7.8

Siebel Systems Inc. unveiled advanced claims analytics capabilities in Siebel Insurance 7.8. The company said this enhancement brings to market a fraud prediction solution that combines the power of predictive analytics, real-time claims detection, claims alerting, task execution and management, and insight-driven reporting capabilities to efficiently and effectively assist insurers in addressing, detecting and preventing fraud.

The system enables insurance organizations to detect fraud consistently, throughout the life of a claim, across the entire book of claims to prevent and predict fraud at each stage; discover new fraud patterns; support the overriding claims adjusting goal of moving claims to closure quickly; embed proactive fraud detection within the normal claims adjusting processes; and understand and measure key baseline and progress metrics in combating claims fraud.

Web site: www.siebel.com/insurance.

Topics Fraud Agencies Claims AIG