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Branch Insurance Exchange reports Q3 2024 results

By Avi Ben-Hutta

The reciprocal reported a net underwriting loss of $50.7 million for the nine months of the year.

Strategy

Zurich expands graduate scheme with ‘green graduate’ placements

By Coverager ·

The application period for both graduate and internship programs will be open from September 11 until November 5, offering candidates an extended window to submit their applications.

Business

Hippo will resume writing new business next week

By Avi Ben-Hutta ·

Hippo's decision to pause new business was first covered by Coverager in mid-August.

Investments

Coaction Specialty raises $200 million

By Avi Ben-Hutta ·

The equity raise was led by existing investors.

Business

Vesttoo identifies fraud participants

By Avi Ben-Hutta ·

The investigation has identified that “pervasive and systemic misconduct” was engaged in by a limited set of Vesttoo executives and other third-parties outside of Vesttoo.

Financials

Gallagher buys Lifesure

By Coverager ·

Terms of the transaction were not disclosed.

Investments

CLARA Analytics raises $24 million

By Avi Ben-Hutta ·

QBE Ventures participated in the round.

Business

Renters can now purchase renters insurance on Zillow

By Avi Ben-Hutta ·

Renters will be able to easily share their policy documents with their landlord.

Technology

Waymo and Swiss Re share AV study results

By Coverager ·

These metrics are notable as insurance claims data is often considered a more reliable indicator of road safety than police reports.

Member News

Vouch Deepens Integration with Ascend to Automate Financial Operations, Support Growth

By Andrew Wynn ·

San Francisco, CA – September 7, 2023 — Vouch, the leader in business insurance for VC-backed startups, has deepened integrations with Ascend, the first financial operations automation platform built for...

Strategy

Intact Financial and RSA to acquire Direct Line’s commercial unit

By Coverager ·

The transaction has been approved by the boards of directors.

Technology

Driver Technologies launches Driver Trucking

By Coverager ·

Driver Trucking is a cloud-based video service for commercial vehicles.

Innovation

GenAI startup Automat raises $3.75 million

By Coverager ·

Automat offers a usage-based SaaS subscription model for RPA.

Technology

IBM and Salesforce aim to boost efficiency through the use of generative AI

By Coverager ·

IBM and Salesforce revealed a partnership aimed at expediting the integration of AI into CRM systems for global businesses.

Product

Zurich integrates insurance coverage for mini solar systems

By Gabriella Ben-Hutta ·

The coverage is also available for existing customers without the need for a separate contract.

Business

Kansas-based insurer MAX goes bankrupt

By Coverager ·

MAX had nearly 30,000 active policies across the country.

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Member News

6 Variations on Producer Licensing for Travel Lines

By AgentSync, AgentSync ·

A Cornucopia of Agentic AI Agents: Revolutionizing Industries One Task at a Time

By Robin Roberson, Agentech ·

Bindable partners with Recoop Disaster Insurance

By Mary Clare Riordan, Bindable ·

Leveraging Data Analytics for Risk Management in Insurance with Alexandra Littlejohn

By John Fohr, TrustLayer ·

Cybersecurity in Insurance: Why Your Data and Compliance Can’t Afford to Slip

By AgentSync, AgentSync ·

Ensuring Quality and Compliance with AI in Claims Processing

By Robin Roberson, Agentech ·

Integrating insurance licensing & commissions

By Vertafore ·

Obie Unveils Tenant Legal Liability Policy to Empower Real Estate Investors with Streamlined Tenant Risk Coverage

By Aaron Letzeiser, Obie ·

Onda Selects Five Sigma to Elevate Cyber Claims Handling

By Oded Barak, Five Sigma ·

HAI Group Goes Live on OneShield Enterprise Platform 7, Launching General Liability and Excess Products

By Janice Merkley, OneShield ·

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