Digital Disrupters Continues Swift Growth with Creation of BigCover.com, the First Full-Service Online Insurance Broker for Small Businesses.Business Editors DOWNERS GROVE Downers Grove, village (1990 pop. 46,858), Du Page co., NE Ill.; settled 1832, inc. 1873. Downers Grove has undergone population growth and commercial development that include the construction of new office complexes. , Ill.--(BUSINESS WIRE)--March 20, 2000 Partnership between Digital Disrupters and the fourth largest insurance broker, Arthur J. Gallagher & Co., brings the power of a large broker to small business owners Digital Disrupters(TM) today announced the creation of BigCover.com, a joint venture with Arthur J. Gallagher & Co. (AJGCo.), which will change the way small businesses purchase insurance. BigCover.com begins internal operations on April 3, 2000, and will function as a full-service online broker providing quotes, binding coverages, servicing clients and handling claims. By the end of 2000, the company will launch a business-to-business e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. platform bringing all the resources of a large insurance broker directly to small business owners. Businesses with fewer than 100 employees currently face limited insurance options and high premium costs. BigCover.com was created to provide one-stop insurance solutions to small business owners, 24 hours a day, at their convenience. Digital Disrupters is in the business of building e-businesses, and since its founding in September, 1999, it has created three companies that leverage the Internet to thrive in the digital economy, including: thebizbank.com, PaperHub.com and BigCover.com. Digital Disrupters has developed a proven business creation methodology called Equity Manufacturing(TM) that begins with new business concept generation, flows through partnering and validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. and ends with implementation - ultimately the creation of a new e-business. The BizLab(TM), the first step in the Equity Manufacturing process, is Digital Disrupters'research and development laboratory where new business models are generated. Only 3 percent of the concept models actually make it through the "manufacturing" process, the process from which BigCover.com emerged. "We are thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to partner with such a respected industry leader as Gallagher in forming, BigCover.com," said Mohnish Pabrai Mohnish Pabrai is an Indian-American businessman, investor and philanthropist. In June 2007 he made headlines by bidding US$650,100 for a charity lunch with Warren Buffett. , founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Digital Disrupters. "We are confident that the deep insurance industry experience of Gallagher and the e-business expertise of Digital Disrupters will enable BigCover.com to efficiently fill the needs of an under-serviced market." AJGCo. brings the strength of the world's fourth largest insurance broker, a full array of property/casualty and benefit products and services and access to top insurance markets to BigCover.com. Peter J. Durkalski, a 28-year veteran of AJGCo. and chief executive officer of Gallagher Bassett Services, Inc. (GB), AJGCo.'s largest subsidiary, has been selected to lead BigCover.com as chief executive officer. "It's exciting to see first-hand how BigCover.com will leverage the Internet to deliver top name products and a full range of insurance services to the small business community," said Durkalski. "BigCover.com will offer functionality, reliability, convenience and value at the touch of the customer's finger." About Digital Disrupters Based in Downers Grove, Ill., Digital Disrupters(TM) is in the business of building e-businesses. Digital Disrupters researches and develops business-to-business models that leverage disruptive technologies A new technology that has a serious impact on the status quo and changes the way people have been dealing with something, perhaps for decades. Music CDs all but wiped out the phonograph industry within a few years, and digital cameras are destined to eliminate the film industry. like the Internet, then partners with brick and mortar See bricks and mortar. companies to build new organizations that can thrive in the digital economy. BigCover.com is the third company created by Digital Disrupters, joining thebizbank.com and PaperHub.com. For additional information about Digital Disrupters, please visit the company's Web site at www.disrupters.com. About Arthur J. Gallagher & Co. Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois Itasca is a village in DuPage County, Illinois, United States. The population was 8,302 at the 2000 census. Schools The Itasca School District #10 is home to three public schools. Raymond E. Benson Primary hosts grades PreK-2. , has offices in seven countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants. Its stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol AJG AJG Arthur J Gallagher & Co . |
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