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Higginbotham’s expansion across the Southeast continued with its acquisition Construction Casualty Insurance of St. Petersburg, Florida, the firm announced on Tuesday.
With the merger, Higginbotham officials said the firm plans to integrate CCI’s AI-powered CompCorrect system into its Day Two Services risk management plan, scaling the combined system across the growing Higginbotham footprint.
“CCI brings impressive construction capabilities, deep regional expertise, and a strong team with a great reputation,” said Rusty Reid, Higginbotham’s chairman and CEO, in a statement. “But what truly sets them apart is their passion for risk management. That focus led them to develop CompCorrect — one of the most powerful risk management tools we’ve seen in the industry.”
CompCorrect is CCI’s proprietary cloud-based risk management platform. It uses AI to quickly analyze tons of data, send updates to everyone involved, and follow the right legal rules for each state. The objective is to save money, speed things up, and get better results. It also helps spot risks early, so companies can prevent problems before they turn into costly claims.
“When we looked for a partner that could provide access to national markets for our producers and one-stop-shop services for our clients, Higginbotham stood out,” CCI Partner and SVP Tobin Robeck said. “There is tremendous synergy between our firms. We strongly believe that every person within and outside our organization — both our employees and our customers — is in a better position than they were the day before the transaction with Higginbotham.”