The company hired a firm to help with the process.

The filing estimates a $5.39 million increase in written premium, impacting 5,286 policyholders.

While the policy forms have been approved, the rate and underwriting guidelines are set to be submitted later.

Loop's direct-to-consumer channel is down.

The majority of the workforce was let go.

The program will go into effect for an extended 15-month term.

The cuts impacted a low single-digit number of employees.

Loop laid off 10 people.

The program will debut later this year.

The layoffs were announced last Friday.

The MGA, which is available in Texas and celebrated its 1-year anniversary of selling its first policy this month.

Get a feel for the flow.

In August, Loop announced a $30 million multi-year reinsurance deal with fronting support from Obsidian Insurance.

Rather than rely on a driver’s credit and other financial proxies such as homeownership and educational attainment, Loop will use AI to analyze the roads and advise drivers to reroute.