HIMI: A Managing General Agency

With Hawai‘i businesses focused on recovery from the impacts of the pandemic, this hurricane season it is vital for agents to make sure they are properly covered should a devastating storm event occur.

The Federal Emergency Management Agency (FEMA) asserts that 40% of small businesses close permanently after a natural disaster. Proper coverage and effective claim handling can make the difference between closure, recovery and reopening.

ICAT is an industry leader committed to “fast and fair claims.” Their primary mission is to restore insureds’ property following a loss so that they are able to rebuild after catastrophe.

• Every Day Counts with Claims — ICAT has in-house authority to facilitate rapid claim settlement and their state-of-the-art administrative technology accelerates claim payments.
• Practice Makes Perfect — Each year ICAT runs 3 full catastrophe simulation drills to ensure they are fully prepared when a real event hits.
• Triage From Start to Finish — When a storm has been identified, ICAT uses proprietary tools to actively model the event until it has subsided. They triage the deployment of personnel during the event, then post-loss, to maximize claim adjuster deployment and claim assignment.
• Boulder Claims by the Numbers — ICAT’s Boulder Claims team has 450+ years combined experience, has handled over 61 catastrophic events, has settled over 38,000 claims, and has paid over $2.1B to restore insureds' buildings and lives.

ICAT Underwriting

• Retail, Restaurants, Apartments, Offices, Services, Condo, Churches
• Hawaii success with TIVs up to $10M
• Full Limits up to $100M, primary, excess, buffer
• No distance to coast restrictions
• Will consider mixed occupancies
• 25+ Coverage Extensions — EB, ordinance & law, mold, sewer, and more