Risk Strategies acquired LaRocca & Associates, Inc., a brokerage centered in well being and welfare advantages throughout a number of industries. Phrases of the deal weren’t disclosed. Established in 1980, LaRocca & Associates has a concentrate on worker advantages and property and casualty that Threat Methods says will improve its nationwide worker advantages follow.
InsurTech NY introduced its growth-stage InsurTech accelerator cohort, choosing 22 startups to take part in its insurance coverage provider and dealer sponsored program. This system will present entry to insurance coverage carriers and brokers trying to deploy new applied sciences and supply monetary backing to digital managing normal companies. Chosen startups embody: Assurely, Supplier Coverage, Ecopia, GradientAI, Guardhog, Harbor.ai, Honcho, Neural Metrics, Pinpoint Predictive, Relay, and TrustLayer.
Applied Systems has been topped the winner of a Gold award for Firm of the Yr within the Insurance coverage class within the twelfth Annual 2020 Golden Bridge Business and Innovation Awards®. The annual Golden Bridge Awards program acknowledges and honors “the world’s finest” in organizational efficiency, services, innovation, executives and administration groups, ladies in enterprise and the professions, and extra from each main business on the planet. Judges from a spectrum of industries and areas all over the world participated and their common scores decided the 2020 award winners. Winners can be celebrated and offered their awards throughout a digital awards ceremony in December.
Brightway Insurance opened seven new Brightway areas:
- Roland and Marjorie Jerome Toussaint opened Brightway, The Jerome Agency in Hollywood, Fla.
- Ashley Burbank-Boyles opened Brightway, The Ashley Burbank-Boyles in Springhill, Fla.
- Jimmy Thomas opened Brightway, The Jimmy Thomas Agency in Lake Charles, La.
- Michelle Boquin opened Brightway, The Michelle Boquin Agency in Doral, Fla.
- Cici Lu opened Brightway, The Lu Agency in Orlando, Fla.
- Brandon Jamison Sr. opened Brightway, The Brandon Jamison Agency in Columbia, S.C.
- Tyson Rochelle opened Brightway, The Tyson Rochelle Agency in Fort Worth, Texas
Higginbotham and Brisky & Perez Insurance Agency have merged operations. Each companies dealer industrial and private P&C insurance coverage, worker advantages and particular person life and medical health insurance. The union marks Higginbotham’s entrance into Brownsville and provides eight insurance coverage professionals to its coastal area operations for a complete of 110.
Progressive Insurance will proceed its annual Keys to Progress automobile donation on November 5, 2020. Prematurely of Veterans Day, 45 veterans in want and their households will obtain the keys to autos that can present dependable transportation, serving to them get again on the highway and transfer ahead in life. Progressive labored with Enterprise Hire-A-Automotive to find licensed autos from Enterprise’s U.S. fleet of high-quality, late-model used automobiles, vans and SUVs that might be bought and given away with funds supplied by Progressive.
Azuga introduced a rise in gross sales from its work with auto insurance coverage corporations. Between October 1st, 2019, and September 30, 2020, Azuga elevated gross sales from auto insurance coverage prospects by 60%. Azuga credit the rise in gross sales “to the power of the Azuga product to assist fleets scale back accident claims.” Azuga’s insurance coverage firm prospects, which resell Azuga to their auto fleet shoppers, have reported a 20% discount in loss frequency resulting from shoppers’ use of Azuga.
Argo Group International Holdings, Ltd. introduced plans to exit the grocery and retail strains of enterprise, which embody offering normal legal responsibility and self-insured retention threat administration packages for grocery shops, comfort shops, eating places, and different retail companies.
NAU Country Insurance Company partnered with Watts and Associates, Inc., an financial consulting agency specializing in threat administration innovation to develop and launch the first-ever Enhanced Protection Choice for crop insurance coverage. The world-based supplemental shallow-loss protection shields loss from 86% as much as 90% or 95%. It’s anticipated to be accessible on over 30 crops starting in 2021 with extra to observe in 2022 and past.