Business News: GuideOne, XINSURANCE.COM, FAIR Foundation

GuideOne Launches Commercial Property Insurance Deployment With Roost Telematics Sensors

GuideOne Insurance announced the first commercial deployment of Roost Smart Water Leak and Freeze Detectors by a property insurance carrier. The pilot places 4,000 sensors in churches across the country starting March 1, aiming to demonstrate the value of detection and responsiveness in minimizing loss and disruption.

Roost’s Smart Water Leak and Freeze Detector senses water leaks as well as humidity and freezing temperatures, delivering alerts via mobile app to help minimize damage and loss. The Wi-Fi enabled detectors set up quickly, located in places around a facility that are most prone to water leaks and frozen pipes.

XINSURANCE.com Announces New Insurance Strategy

XINSURANCE.com announces its unique “ALL-IN-ONE” insurance policy. This new customized policy provides an innovative solution for specialty liability, property and professional liability insurance protection.

XINSURANCE is a DBA of Evolution Insurance Brokers, LC, an excess and surplus lines brokerage that has provided options and solutions for the indoor and outdoor recreation business for decades. Specifically, the company has provided coverage for Worldwide Outfitter and Guides Association (WOGA) and International Special Events and Recreation Association (ISERA) since inception. Reinsurance on some risks has been provided through Lloyd’s of London and RLI.

The “ALL-IN-ONE” policy allows business owners to have broader coverage, up to $10 million limits with higher limits available through reinsurance partners, a partnership approach, and direct access to underwriting, risk management and claims management. This unique “Buy Like a Pro” approach provides all risks with a $10 million limit in-house, with higher limits quoted within 48 hours after obtaining reinsurance quotes. Coverage for property, general liability, professional, specialty liability, including excess medical and commercial auto (including trucks, buses, trailers, and vans), will all be under one policy.

Evolution Insurance Brokers, LC is an excess and surplus lines insurance brokerage providing products, services, and excess and surplus lines solutions for specialty, property, professional, commercial auto insurance coverage. Evolution Insurance Brokers, LC has reinsurance agreements with Lloyd’s of London and RLI.

FAIR Foundation Announces Educational Alliance With Federated National

The FAIR Foundation, a Florida-based consumer advocacy group and champion for creating safer, stronger and more resilient communities through consumer education and empowerment, announced an innovative educational alliance with Federated National Insurance Company, a wholly owned subsidiary of Federated National Holding Company, that will enable the growth of educational assets and communication channels.

Federated National will serve as the FAIR Foundation’s Educational Underwriter for 2018, a first of its kind relationship between the organizations. The alliance will provide new resources aimed at educating and informing property owners on the risks of wind, water and other natural disasters, how to physically prepare their homes and businesses to avoid catastrophic damage and how to properly protect their properties through wind, flood and homeowner’s insurance.

Through the new partnership, Federated National and the FAIR Foundation will work to identify gaps and develop focused outreach campaigns to at-risk populations in Florida and beyond. Property owners will have greater access to resources to protect their homes and businesses as a result.

For more information, please visit www.FAIRFound.org and www.FedNat.com.