Coverager® - Insurance News and Insights

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CURE (Citizens United Reciprocal Exchange) partnered with Farmers of Salem GEICO partnered with Obsidian Insurance Holdings Qualys partnered with Cowbell Qualys partnered with Mulberri First Connect Insurance Services partnered with CNA Insurance Fasst raised $28.5M Windward Risk Managers picks Akur8 in Sales AXIS Capital picks Mea Platform in Sales Allstate picks Covr Financial Technologies in Sales Insurity picks ICEYE in Claims Bees360 picks Source7 in Underwriting Molina Healthcare raised $750M Fortegra raised $150M Corebridge Financial raised $936M Clearcover raised $44M

Erie Insurance reports Q3 2024 results

By Shefi Ben-Hutta

Erie recently introduced Business Auto 2.0.

Business

BRP launches AlphaRoot, targeting Cannabis industry

By Gabriella Ben-Hutta ·

AlphaRoot's management liability insurance program is calibrated to the cannabis industry.

Member News

Digital Insurance Platform EIS Cements Expansion into EMEA with New London HQ

By Annette Tierney ·

£75m+ investment sees EIS join insurance elites in the City EIS, a core and digital platform provider for insurers, has opened new EMEA headquarters in London, led by recently appointed...

Business

Credible acquires Young Alfred

By Avi Ben-Hutta ·

Credible is a digital lending marketplace.

Member News

Obie Announces Partnership With Fractional to Make Investing More Accessible

By Aaron Letzeiser ·

Obie is proud to announce a partnership with Fractional, a social platform for real estate investing. Obie’s integration with Fractional means less barriers to real estate investing, a win-win for both newcomers and seasoned investors.

Business

Root’s growth struggles

By Avi Ben-Hutta ·

For the first time in a long time, Root had fewer employees compared to the prior month.

Business

Mercury Insurance offers small business insurance in California

By Gabriella Ben-Hutta ·

A Mercury BOP is designed for small to mid-size businesses with fewer than 50 employees and less than $30 million in sales per year.

Investments

ChronWell raises $6 million

By Gabriella Ben-Hutta ·

To date, the company raised $13.3 million.

Innovation

Toyota teams up with Toggle for new auto insurance product

By Avi Ben-Hutta ·

Toyota Insurance Management Solutions has established its first branded product.

Product

Boost introduces CarProtect

By Gabriella Ben-Hutta ·

Each CarProtect insurance plan offers a one-year coverage for damage to the car insured due to accident, theft or accidental fire, as well as liabilities to third parties including bodily injuries, death, property loss or damage.

Technology

Daimler Mobility is moving even closer to in-car payments

By Avi Ben-Hutta ·

Mercedes pay enables customers to buy goods and services directly in their car, including Mercedes me services, as well as for other use cases such as fuelling and parking.

Technology

TM trials accident predictive algorithms in Hawaii

By Shefi Ben-Hutta ·

FICOH employees and University of Hawaii students can volunteer and participate in the trial initiative, which will run until the end of the month.

Product

SmartHop launches insurance offering for carriers and owner-operators

By Gabriella Ben-Hutta ·

SmartHop’s insurance solution offers access to commercial auto and cargo insurance carriers.

Investments

Bright Health raises $750 million

By Gabriella Ben-Hutta ·

Under the terms of the investment, Cigna and NEA will purchase, in aggregate, $750 million of convertible perpetual preferred stock, with a purchase price of $1,000 per share.

Strategy

iptiQ acquires AccuQuote

By Avi Ben-Hutta ·

ipitQ and AccuQuote have been working together since 2017.

Strategy

Equitable and Bestow launch digital insurance offering

By Avi Ben-Hutta ·

Coverage is offered by Equitable.

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Member News

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

By Janice Merkley, OneShield ·

The Evolving Landscape of Construction Risk Management with Rob McDonough of Marsh

By John Fohr, TrustLayer ·

Is Your Distribution Network Built to Scale?

By AgentSync, AgentSync ·

Branch Enhances Claims Operations with Kyber’s AI-Powered Platform, Achieving Significant Efficiency Gains

By Sav Gadoo ·

Gen Z talent is a rising star for independent insurance agencies

By Vertafore ·

Cake & Arrow to host upcoming webinar exploring how to use Design Thinking techniques to bring insurance to life

By Emily Smith Cardineau, Cake & Arrow ·

The 2024 update to the Insurance API Index is finally here!

By Herald, Herald ·

Honeycomb Expands to Washington State and Maryland, Now Insuring Over $35 Billion in Assets

By Itai Ben Zaken, Honeycomb Insurance ·

In an Expensive and Difficult Market, States Aim to Make Fire Risk Ratings More Transparent

By AgentSync, AgentSync ·

Vertafore acquires Surefyre, expanding its AI capabilities to accelerate MGA growth and innovation

By Vertafore ·

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Erie Insurance reports Q3 2024 results

BRP launches AlphaRoot, targeting Cannabis industry

Digital Insurance Platform EIS Cements Expansion into EMEA with New London HQ

Credible acquires Young Alfred

Obie Announces Partnership With Fractional to Make Investing More Accessible

Root’s growth struggles

Mercury Insurance offers small business insurance in California

ChronWell raises $6 million

Toyota teams up with Toggle for new auto insurance product

Boost introduces CarProtect

Daimler Mobility is moving even closer to in-car payments

TM trials accident predictive algorithms in Hawaii

SmartHop launches insurance offering for carriers and owner-operators

Bright Health raises $750 million

iptiQ acquires AccuQuote

Equitable and Bestow launch digital insurance offering

VP, Auto Line Leader – Personal Lines

Senior Executive Compensation Analyst

AVP, Product Management

Small CL Asst. Virtual Sales Director

Senior AskHR Representative

AVP, P&C Climate Risk and Exposure Analytics

Director of Alternative Distribution, Small CL

Associate State Manager, Commercial Lines

Production Underwriting Specialist

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

The Evolving Landscape of Construction Risk Management with Rob McDonough of Marsh

Is Your Distribution Network Built to Scale?

Branch Enhances Claims Operations with Kyber’s AI-Powered Platform, Achieving Significant Efficiency Gains

Gen Z talent is a rising star for independent insurance agencies

Cake & Arrow to host upcoming webinar exploring how to use Design Thinking techniques to bring insurance to life

The 2024 update to the Insurance API Index is finally here!

Honeycomb Expands to Washington State and Maryland, Now Insuring Over $35 Billion in Assets

In an Expensive and Difficult Market, States Aim to Make Fire Risk Ratings More Transparent

Vertafore acquires Surefyre, expanding its AI capabilities to accelerate MGA growth and innovation

Share a news tip with Coverager