Coverager® - Insurance News and Insights

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Allianz Partners partnered with Joybuy Nationwide Building Society partnered with Aviva Nationwide Building Society partnered with Legal & General Sigo Seguros partnered with Qualitas Insurance Company Sigo Seguros partnered with Onward Insurance American Growth Insurance raised $70M Hippo picks Cognition in Admin Erie Insurance picks Hyland in Admin Brown & Brown picks WireX in Risk Mitigation AXA Mansard picks Curacel in Claims PolicyStreet raised $5M Cover Genius raised $100M Feathery raised $30M Novacore picks FurtherAI in Underwriting Adaptive Insurance raised $5M

American Growth Insurance launches with $70 million

By Shefi Ben-Hutta

AGI is led by CEO Brian Morgan.

Financials

Valani Global acquires MSA Research

By Coverager ·

MSA Research, founded in 2003, is a Canadian analytical research firm focusing on the insurance market, aiming to empower professionals with essential industry tools and knowledge.

Business

Lemonade announces new board members

By Coverager ·

Along with Deb and Samer, Lemonade’s current Board is composed of Lemonade co-Founders Daniel Schreiber and Shai Wininger, as well as Michael Eisenberg (Partner, Aleph) and Shu Nyatta (Founder/Managing Partner, Bicycle Capital).

Innovation

Aviva Canada expands Charged for Change program across Canada for 2024

By Coverager ·

Aviva’s Charged for Change program is an initiative that aims to bring chargers to communities that lack EV infrastructure.

Investments

American Family Ventures backs Ingenious.build

By Coverager ·

Ingenious.build is a cloud-based application streamlining project financials, project management, and construction administration.

Business

Gallagher acquires Hughes Insurance Agency

By Gabriella Ben-Hutta ·

Terms of the transaction were not disclosed.

Member News

Cybersecurity and Insurance: SOC2 Type II Audit

By AgentSync ·

Your cybersecurity is only as good as your weakest link. Have your third-party vendors done a SOC 2 audit?

Member News

Cyber Security: A Leadership Issue with Kevin Soohoo of Egnyte

By John Fohr ·

Explore the critical role of leadership in Cyber Security with insights from Kevin Soohoo of Egnyte. Discover key strategies for effective cybersecurity management.

Innovation

Marsh develops new generative AI tool

By Avi Ben-Hutta ·

The new tool was built on technologies from Microsoft and OpenAI.

Business

American Family shuts down Tenney 110

By Avi Ben-Hutta ·

Tenney 110 was founded in 2019 with the goal of acquiring and building insurance-adjacent companies.

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.

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Member News

Ivans Index Q2 2026 Results Released

By Michael Streit, Applied Systems ·

How AI is Transforming Insurance Research and Decision-Making

By Vertafore ·

EZLynx Partners with First Connect to Bring All-in-One AMS to Member Agents

By Rob Bourne, EZLynx ·

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 ·

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