Accident Archives

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Rezylient Insurance Agency partnered with Tokio Marine Kiln rivr partnered with HDI Global SE Westwood Insurance Agency partnered with Landsea Homes Boundless Rider uses Mobile in Sales Eleos raised $4.08M Honeycomb Insurance raised $36M Applied Systems picks Bravo Networks in Admin Hippo picks Snapsheet in Claims Skyward Specialty raised $160.6M Arta partnered with Chubb Delos Insurance Solutions partnered with Lloyd's Aviva picks RiskEye in Customer Service WTW picks Riskonnect in Claims Arbol raised $60M Urban Jungle raised $14.07M

Sproutt declares insolvency

By Avi Ben-Hutta

Sproutt raised $38 million to sell life insurance online.

Investments

Wayve raises $1.05 billion

By Avi Ben-Hutta ·

NVIDIA and Microsoft also participated in the round.

Business

Truist completes sale of Truist Insurance Holdings

By Coverager ·

The all-cash transaction values TIH at an implied enterprise value of $15.5 billion.

Member News

Automated Claims Management: 3 Pillars of Success

By Appian ·

Leading insurers are prioritizing claims process automation. But why?

Financials

Lemonade ends Q1 with $47 million loss

By Avi Ben-Hutta ·

The company’s cash, cash equivalents, and investments totaled approximately $927 million at March 31, 2024.

Strategy

Buffett reveals AI fears, unskippable GEICO, and unstoppable rise in cyber risks

By Shefi Ben-Hutta ·

In a non-inflationary world, GEICO would not be a $40 billion company and other nuggets.

Business

AXA XL introduces new cyber endorsement

By Coverager ·

AXA XL's new endorsement provides dedicated coverage for the costs of investigating the breach including legal fees for compliance and disclosure requirements such as the filing of an 8-K.

Product

Kin launches in Georgia

By Coverager ·

Kin is now live in 9 states.

Product

GradGuard strengthens tuition protection program

By Coverager ·

This benefit is not yet available in the state of Washington.

Financials

GEICO ends Q1 with a big profit

By Avi Ben-Hutta ·

GEICO’s loss ratio was 72.5% in the quarter, a decrease of 10.5 percentage points compared to 2023.

Strategy

Matthew V O’Malley assumes new role as AXA XL’s Chief Client & Distribution Officer, Americas

By Coverager ·

O’Malley will lead AXA XL’s U.S. zonal teams, Canada and Bermuda country distribution, client engagement, broker engagement, and marketing activities in the Americas.

Business

SVB Financial Group enters into definitive qgreement for the sale of SVB Capital

By Coverager ·

Pinegrove and SVB Capital will operate independently.

Investments

Scout Ventures announces close of Fund IV

By Avi Ben-Hutta ·

USAA is one backer of the new fund.

Business

Wagmo partners with Rover

By Coverager ·

Select Wagmo partner companies and their employees will be able to enjoy discounted access to pet care services available on the Rover platform.

Strategy

Trupanion appoints new CEO

By Coverager ·

Tooth holds nearly two decades of experience as a growth-oriented leader within the pet insurance category.

Business

BRP to become The Baldwin Group

By Coverager ·

The firm’s brand name will be The Baldwin Group.

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Featured Jobs

London Underwriters and Foxquilt Insurance Announce Strategic Partnership

By Daniel Feigenbaum, London Underwriters LLC ·

Cox Automotive Ecommerce and Canopy Connect Partner to Enhance Online Car Buying

By Insurance Verification, Canopy Connect, Inc. ·

Canopy Connect and InsuredMine Announce New Integration to Obtain and Transfer Insurance Information

By Insurance Verification, Canopy Connect, Inc. ·

OneShield Announces Partnership with One Inc to Enhance Digital Payment Solution Offering

By Janice Merkley, OneShield ·

Automated Insurance Claims Processing: How Does It Work?

By Appian, Appian ·

No military service? You May Still Be Eligible for USAA

By Melanie Musson, Clearsurance ·

London Underwriters Unveils LU One: A Game-Changing InsurTech Platform for Insurance Agents

By Daniel Feigenbaum, London Underwriters LLC ·

The 6 Stages of Compliance Grief: How Top Insurance Carriers Are Revolutionizing Compliance Management with AgentSync

By AgentSync, AgentSync ·

Proactive Risk Management and the Benefits of Technology in Construction with Matt Aston, President at GPRS

By John Fohr, TrustLayer ·

One Novel Approach to Solving the Talent Crisis

By AgentSync, AgentSync ·

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