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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.

Business

The Hartford partners with Beam Benefits

By Avi Ben-Hutta ·

Brokers can now bundle dental and vision benefits with The Hartford’s group income protection and life insurance.

Business

Wagestream partners with Wakam

By Avi Ben-Hutta ·

The companies are introducing a new income protection coverage.

Member News

Haley Weis: Navigating Risk Management in Construction

By John Fohr ·

Discover expert insights on risk management in construction with Haley Weis, Senior Risk Analyst at Weis Builders, on Risk Management: Brick by Brick podcast.

Strategy

Farmers is laying off 2,400 employees

By Avi Ben-Hutta ·

Farmers will be parting ways with approximately 2,400 employees.

Financials

Better announces first half 2023 results

By Coverager ·

Net loss was $135.4 million and $89.9 million in the six months ended June 30, 2023 and three months ended March 31, 2023, respectively.

Marketing

Spotted Marshmallow’s rebrand

By Coverager ·

In Sep 2021, Marshmallow raised $85 million in a Series B funding round.

Investments

MassMutual Ventures backs Rapid Applications Group

By Coverager ·

Rapid Apps offers heavy equipment subcontractors with the first platform combining SaaS and mobile applications to connect in-office and in-field operations.

Marketing

Amazon releases new ad promoting its insurance offering

By Avi Ben-Hutta ·

The campaign will also run across out-of-home, social and digital.

Business

IMG appoints Justin Poehler as chief commercial officer

By Coverager ·

In addition to Justin’s promotion, IMG has also reorganized its account management team to provide more organizational clarity to the organization’s key partners, clients, and groups.

Investments

Companion Protect raises $27 million

By Avi Ben-Hutta ·

Liberty Mutual and Avanta Ventures participated in the round.

Business

Swiss Re and Wysa introduce Wysa Assure

By Avi Ben-Hutta ·

The companies announced an exclusive partnership in 2021.

Member News

Felons Could Pay Twice as Much for Life Insurance

By Melanie Musson ·

Clearsurance.com recently released a guide to life insurance for felons. It discovered that convicted felons may have to pay higher rates for life insurance than average. Some may even have premiums exceeding $250 monthly.

Strategy

Lemonade’s pet book is getting bigger

By Avi Ben-Hutta ·

Lemonade's pet book as a percentage of overall premiums is getting bigger.

Business

UNIQA to exit Russia

By Avi Ben-Hutta ·

UNIQA is selling its 75% share in Russian company Raiffeisen Life to Russian insurance company Renaissance Life.

Innovation

JaSure rebrands to Santam Switch

By Coverager ·

This comes on the heels of its total acquisition of the insuretech firm the previous year.

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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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