Editor at Coverager
The collaboration is expected to deliver insurance solutions that offer data-driven and competitive rates.
Earlier this month we reported that Kin is getting into the mortgage space.
In 2021, Brookfield Reinsurance announced a $5.1 billion deal to acquire the carrier.
The subscription includes free travel insurance.
The company generated $928 million in net income.
The carrier reported a net underwriting loss of $20 million for the year.
The startup offers coverage in 24 states.
Progressive participated in the round.
Rocket expects the combined company to achieve more than $200 million in run-rate synergies by 2027.
The reciprocal reported a net underwriting loss of $57 million.
Odeko has more than 14,000 customers.
Policies in California are marketed and distributed through Kin Insurance Services.
The company owns three licensed carriers.
The carrier posted a net underwriting loss of $58 million.
The company claims to manage over 300,000 moves in the UK, close to 10% of the UK market.
