Higginbotham, a Texas-based insurance and financial services firm, has formed a strategic partnership with Construction Casualty Insurance (CCI) of St. Petersburg, Florida. This alliance brings together Higginbotham’s Day Two Services® and CCI’s CompCorrect®, an AI-powered risk management platform, to serve high-risk clients nationwide.
Enhancing Risk Management Capabilities
Higginbotham Chairman and CEO Rusty Reid emphasized the significance of this partnership, stating that CCI’s construction expertise, regional knowledge, and commitment to risk management align with Higginbotham’s values. Reid praised CompCorrect® as one of the most powerful risk management tools in the industry, leveraging AI to assess multiple variables, automate stakeholder communications, and apply state-specific regulations to reduce claim costs and improve outcomes.
CompCorrect®: A Proactive Risk Management Solution
CCI President and CEO Brad Dempton explained that CompCorrect® goes beyond basic claims tracking by proactively managing claims through automated communications with stakeholders, including the insured, injured employees, claims teams, and carriers. The system analyzes historical claims data to identify areas for improvement and estimates potential cost savings.
Strategic Synergies
The partnership between Higginbotham and CCI is built on shared values and a commitment to proactive risk management. Higginbotham plans to integrate CompCorrect® into its Day Two Services risk management plan, scaling the combined system across its growing footprint. CCI Partner and Senior Vice President Tobin Robeck highlighted the synergy between the two firms, noting that the partnership provides access to national markets and one-stop-shop services for clients.
Strengthening the Partnership
To demonstrate their commitment, the CCI team acquired a significant equity position in Higginbotham as part of the transaction. Dempton and Robeck emphasized their dedication to growing the relationship and providing value to clients through innovative risk management solutions.
