Starr Companies Announces Agreement with SmartDrive, a Risk Management Program for Insureds

Insurance Weekly News

By a News Reporter-Staff News Editor at Insurance Weekly News -- Starr Companies announced an agreement with SmartDrive, a global leader in driver safety and risk management solutions, for insureds. The agreement offers a video based safety program to help mitigate and reduce auto claims.

"The implementation of SmartDrive may reduce risky behavior by 60% within the first year, improve driving skills, protect drivers when unexpected events occur and exonerate them for not-at-fault claims," stated Dave Cox, national practice leader, transportation. "The partnership includes underwriting considerations, subsidy opportunities for SmartDrive safety video program, and quarterly safety reports through Starr Companies' loss control services." About Starr Companies Starr Companies (Starr) is the worldwide marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C.V. Starr & Co., Inc. and its subsidiaries. Starr is a leading insurance and investment organization with a presence on five continents; through its operating insurance companies, Starr provides property, casualty, and accident & health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance. The following insurance company subsidiaries each have an A.M. Best rating of "A" (Excellent): Starr Indemnity & Liability Company, Starr Surplus Lines Insurance Company, Starr Syndicate Limited at Lloyd's of London, Starr International Insurance (Asia) Ltd., and Starr Insurance & Reinsurance Limited.