PHILADELPHIA--(BUSINESS WIRE)--ACE Group today announced that its environmental underwriting division, ACE Environmental Risk, earned top honors from Business Insurance magazine as a recipient of the publication’s 2015 Innovation Awards Program. Now in its sixth year, the Business InsuranceInnovation Awards recognize leadership and innovation for professional risk managers that focus on new technology, new products and services, and other advancements in the insurance industry.
ACE was recognized for ACE ALERTSM (ACE Logistical Environmental Response Technology), a complimentary program developed for its U.S. domestic environmental clients that offers immediate support after an environmental release. The ACE ALERT portal available 24/7 on computers, smartphones and tablets, instantaneously connects the insured to an expert response team that can provide access to clean-up contractors, disaster experts, environmental assessors, and more. The program is designed to help ACE Environmental Risk customers better manage and potentially contain costs and limit liability after environmental incidents, including, but not limited to, releases of regulated substances, along with discoveries of mold, asbestos or legionella, which may require clean-up and site remediation.
Craig Richardson, Senior Vice President of ACE Environmental Risk, commented, “We thank Business Insurance for this award and appreciate the industry recognition for our product innovation. We are proud of our team for their creativity and vision. By developing this unique, innovative program, clients now have more support in mitigating the aftermath of an environmental incident.”
ACE has been a past winner of the Innovator Award, and most recently in 2013, its primary casualty division, ACE Risk Management Global Casualty, received the Innovation Award for ACE AcceleratorSM, a web-based technology solution that allows risk managers to quickly review, execute and submit all the forms needed to complete the election process for Uninsured/Underinsured Motorist coverage.
1. To learn more about the 2015 Business Insurance Innovator Awards, please visit their website. ACE Environmental Risk, a division of ACE USA, and part of ACE Group, offers a full range of environmental liability solutions designed to minimize bottom-line impacts, and provide hands-on management for those liabilities. For more information about ACE Environmental Risk and its range of products and services,please visit our website.
2. ACE ALERTSM is offered through Spill Center, a North American leader in environmental regulatory reporting and spill support that draws from a database of more than 3,500 environmental cleanup contractors throughout North America who are experienced and equipped to react to particular kinds of spills. Reporting a spill using ACE ALERTSM services offered through Spill Center is not an indication that coverage is available under your policy. Any communications in connection with your use of ACE ALERTSM services offered through Spill Center are not intended to alter, amend or provide interpretive commentary on any insurance policy contracts. Spill Center is not a subsidiary or affiliate of the ACE Group. ACE Group disclaims all liability, loss, damages and other costs that may arise out of your use of or reliance upon any spill reporting services, other services, communications and representations or warranties made by Spill Center or its affiliates.
About ACE Group
ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at www.acegroup.com, or follow ACE on Twitter,https://twitter.com/ACEGroupNA.
Carla Ferrara, 215-640-4744