Sentry Makes Historic $1.7B Acquisition of The General! In its largest deal ever, Sentry Insurance is acquiring nonstandard auto insurer The General from American Family Insurance for $1.7 billion. This game-changing move brings together two powerhouse brands in the nonstandard auto insurance industry. Sentry, known for business insurance and its Dairyland brand, will integrate The General's 1,300 employees into its 5,000-strong workforce by January 1. The two brands will continue to operate independently during the transition, ensuring smooth service for customers. Let’s watch this industry-shaping acquisition unfold! #InsuranceIndustry #SentryInsurance #TheGeneral #AutoInsurance #BusinessNews
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Sentry Makes Historic $1.7B Acquisition of The General! In its largest deal ever, Sentry Insurance is acquiring nonstandard auto insurer The General from American Family Insurance for $1.7 billion. This game-changing move brings together two powerhouse brands in the nonstandard auto insurance industry. Sentry, known for business insurance and its Dairyland brand, will integrate The General's 1,300 employees into its 5,000-strong workforce by January 1. The two brands will continue to operate independently during the transition, ensuring smooth service for customers. Let’s watch this industry-shaping acquisition unfold! #InsuranceIndustry #SentryInsurance #TheGeneral #AutoInsurance #BusinessNews
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Exciting news! Kingstone Insurance Company, a Northeast regional property and casualty insurance holding company, has selected Earnix to enhance its pricing capabilities and support its strategic growth initiatives. We look forward to driving innovation in the homeowner's insurance market together. Learn more >> https://bit.ly/49h4bjd #insurance #pricing #partnership
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Park it, lock it, insure it. With K&N Insurance Brokerage, your vehicle gets the coverage it deserves—keeping you protected on the road and at rest. Get the right auto insurance today for complete peace of mind. Learn more here: kninsurance.com #carinsurance #insured #insurance
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??FSRA wants your input on a new consumer-based, outcomes-focused auto insurance model?? As a principles-based regulator, FSRA is committed to making auto insurance fairer for consumers. The newest chapter of our guidance outlines FSRA’s new principles-based approach for reviewing auto insurance product, rate and underwriting filing. It introduces two new filing streams for insurers: · Fast track · Prior approval Deadline: February 10, 2025 The latest chapter is part of our broader strategy to enhance auto insurance rating and underwriting practices. Your insights are crucial to ensuring we create a system that works for everyone. Learn more about Chapter 4 and share your feedback: https://bit.ly/3BZouWd
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One Inc, a leader in digital payments for the insurance industry, has announced a partnership with GoAuto Insurance to implement its ClaimsPay? and PremiumPay? solutions. Dan Cummings, CEO of GoAuto Insurance, highlighted the benefits of the partnership. “The decision to partner with One Inc was influenced by their capability to provide everything we needed in one place and continue our process of upgrading our operating systems to meet the growing demands of our policyholders." Also quoted in this story is Brad Scharf, COO of GoAuto Insurance and Ian Drysdale, CEO of One Inc. Read the full story here: https://lnkd.in/dEGcyGbP #insurtechinsights #insurance #insurtech #partnerships
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?? November 2024 Commercial Insurance Updates? ?? Things are changing... Premium Renewal Rates ?? All major commercial lines premium renewal rates were lower in October than in August. Competitive pricing is on the rise! Commercial Auto Insurance ?? The U.S. commercial auto insurance segment faced a net loss of $5 billion in 2023, with further deterioration in 2024. ?? Challenges persist, but opportunities for improvement are vast. Top Commercial Auto Insurers ?? Acuity, Auto-Owners, Axis, Federated Insurance, The Hartford, Nationwide, and Sentry are leading the way in 2024. Explore these options for your clients. General Liability Insurance ?? Price increases remain in the 4%-5% range... Reflecting stable yet challenging market conditions. Stay informed to navigate these changes effectively. Market Outlook ?? Reinsurance renewals are looking stable, and investment returns are positive. Good news for market stability! ?? How are you adapting to these changes? Share your thoughts and strategies below!??? #InsuranceUpdates #CommercialInsurance #Tivly #InsuranceTrends #MarketInsights
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Exciting news! Kingstone Insurance Company, a Northeast regional property and casualty insurance holding company, has selected Earnix to enhance its pricing capabilities and support its strategic growth initiatives. We look forward to driving innovation in the homeowner's insurance market together. Learn more >> https://bit.ly/49h4bjd #insurance #pricing #partnership
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Clearcover has announced the launch of Clearcover General Agency (CGA) to serve the non-standard auto insurance market in Texas. Policies will be underwritten by Old American County Mutual Fire Insurance Company, bringing Clearcover’s digital-first insurance solutions to more drivers. “The launch of an MGA in Texas is a major milestone in our mission to build a generational insurance company,” said Clearcover CEO Kyle Nakatsuji. “We’re thrilled to expand our solutions to a broader range of customers and provide more avenues for our agents and partners to increase commissions, improve retention, and unlock greater rewards.” Read the full story here: https://lnkd.in/eapUte2z #insurtechinsights #insurtech #mga #insurance #texas #autoinsurance
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Big news! ??? The press is buzzing about our expansion into Texas' non-standard auto insurance market with the launch of Clearcover General Agency. Innovation, meet opportunity—this is just the beginning! ???? #Clearcover #PressCoverage #TexasExpansion #insurance #autoinsurance #carinsurance #insurancetechnology #digitalinsurance
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PCF Insurance Services, a leading U.S. insurance brokerage, announced today the acquisition of the insurance business of Top Insurance Services Associates, an all-lines insurance agency based in Snohomish, Washington. Brooke King DeWyze, Chief Development Officer of PCF Insurance, emphasised the strategic value of the acquisition, stating, “Our acquisition of the Top Insurance Associates team aligns with our strategy to grow within target markets and specific industries." Read the full story here: https://lnkd.in/exTznUTh #insurtechinsights #acquisition #insurance #insurancenews
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