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Accelerant partnered with WoodStar Reciprocal Exchange AmTrust Financial partnered with Samsung Electronics Great American Insurance Group partnered with Coefficient Underwriters Marsh partnered with Allianz Commercial Kinro.ai partnered with ERGO Next Insurance PolicyStreet raised $5M Allstate picks IBM in Underwriting Crestwell Underwriters picks Convr in Underwriting PEMCO picks Moen in Risk Mitigation Ember Mutuals picks Kyber in Claims Kinetic Insurance Services picks Quotech in Underwriting Adaptive Insurance raised $5M Data Science Wizards raised $5M Wefox raised $7.97M SageSure raised $460M

Farmers introduces simpler coverage tools and refreshed brand

By Shefi Ben-Hutta

Coverager first reported on Farmers Coverage on a Page in May, following the insurer’s trademark application for the offering.

Financials

Tesla sees $16 million in underwriting losses

By Avi Ben-Hutta ·

Tesla now writes insurance using its carriers in 8 states.

Financials

Kin Interinsurance Network and Kin Interinsurance Nexus Exchange report losses in Q3

By Avi Ben-Hutta ·

The reciprocals reported $53 million in losses for the first nine months of 2023.

Business

DUAL partners with AXIS Capital

By Gabriella Ben-Hutta ·

DUAL to enter North American surety market.

Business

Allianz v Revolut

By Shefi Ben-Hutta ·

Allianz is pursuing legal action against Revolut.

Business

Alliant Insurance Services hires Richard Woods

By Gabriella Ben-Hutta ·

Experienced risk advisor to provide strategic property and casualty insurance solutions to nationwide client base.

Business

Ensurise merges with Wilmore Insurance Agency

By Gabriella Ben-Hutta ·

Wilmore Insurance Agency will continue to operate from its Kensington, Maryland location.

Business

Kyle Vogt exits Cruise

By Avi Ben-Hutta ·

Vogt plans to spend time with family and explore some new ideas.

Business

The Hanover appoints Stephen Marohn president, specialty P&C

By Coverager ·

Marohn most recently served as senior vice president of small business at CNA Insurance.

Financials

Branch’s underwriting loss widens

By Avi Ben-Hutta ·

The company reported a net underwriting loss of $70.6 million for the first nine months.

Financials

Clearcover ends Q3 with $127M in premiums

By Avi Ben-Hutta ·

The company saw a 20% increase compared to the same period last year.

Business

Competition Bureau to investigate Applied Systems

By Coverager ·

The order requires Applied Systems Canada to produce records and written information that are relevant to the Bureau’s investigation.

Product

SURE expands BOP offering to South Carolina

By Coverager ·

The product is exclusively available through SageSure's network of independent agents and national brokers.

Innovation

Generali jeniot celebrates five years

By Coverager ·

Over these five years, Generali jeniot has served more than 2 million customers.

Financials

Ash Brokerage introduces FlashTerm product

By Coverager ·

FlashTerm, the newest addition to LGA's product portfolio, provides an exam-free, quicker, simpler process to get term life insurance.

Opinion

Coverager’s Week in Review: A CEO Shakeup

By Shefi Ben-Hutta ·

Sam Altman was dismissed from OpenAI this Friday.

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Member News

Dearborn Labs Announces Launchpad, an AI Insurance Accelerator That Funds and Builds AI Infrastructure for MGAs

By Alec Martins, Clearcover ·

Regulators Don’t Want an AI Policy. They Want Receipts.

By Yo Sub Kwon, Voltaire ·

3 technology must-haves to build distribution velocity

By Vertafore ·

HomeBinder, InspectionGo's Homeownership Solution, Launches Home Insurance Shopping

By Mary Clare Riordan, Bindable ·

Applied Announces Submissionless Commercial Insurance Experience with Travelers as First Anchor Carrier Partner

By Michael Streit, Applied Systems ·

Vertafore introduces Velocity AI Submission Processing Agent to help MGAs move from submission to decision faster

By Vertafore ·

Zywave Launches Zywave Apex™, the First Growth-Focused AI Platform Purpose-Built for Insurance Distribution

By Zywave ·

L+M Development Partners Goes Live with Five Sigma's AI-Native Claims Platform and Clive™

By Oded Barak, Five Sigma ·

Zywave CEO Martin Simoncic: Why Insurance Needs a Different Conversation around AI

By Zywave ·

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