Around the P&C insurance industry: September 29, 2021

Burns & Wilcox brand ambassador Max Homa won the Fortinet Championship, the first tournament of the 2021-2022 PGA Tour season. It marks Homa’s third career PGA Tour victory and his first win since joining Team Burns & Wilcox earlier this year.

Arbella Insurance Group launched Arbella Edge for Contractors, contractor commercial general liability plus, in addition to new additional insured endorsements, which provide extra coverage options for contractors in Massachusetts, Connecticut, Rhode Island and New Hampshire.

Crawford Technologies released AccessibilityNow Remediate, a standalone PDF remediation tool that makes it possible for an end-user, without extensive document accessibility knowledge, to easily tag documents for accessibility. AccessibilityNow Remediate solves one of the biggest challenges in the document remediation world with its ability to allow organizations to cost-effectively remediate existing non-compliant static documents, reducing turnaround from hours to minutes.

RMS estimated that the total U.S. insured losses from Hurricane Nicholas to be between $1.1 billion and $2.2 billion. This estimate represents insured losses associated with wind, storm surge, and precipitation-induced flooding, including losses to the National Flood Insurance Program. Nicholas made landfall on September 14, 2021 near Sargent Beach, Texas, as a Category 1 hurricane on the Saffir-Simpson Hurricane Wind Scale with maximum sustained winds of 75 miles per hour.

InsurTech NY launched its Insurance Collaboration Index. Based on input from insurtech executives, the index scores insurance and reinsurance companies on their willingness and ability to partner with startup insurance technology companies. It provides a rigorous and objective measure of how easy it is for a carrier and a startup to work together.

UPC Insurance launched Skyway.com, which allows condo owners can obtain a quote and purchase HO6 condo insurance online in real-time. UPC, one of Florida’s largest publicly traded companies, has been helping condo owners living in the state’s coastal cities overcome natural disasters and property damage for over two decades.

NFP acquired TF Holdings, LLC, doing business as Thompson Flanagan. The transaction closed on August 1, 2021. Chicago-based Thompson Flanagan is a multi-disciplinary insurance broker that works with clients throughout the country.

Coalition has raised $205 million to accelerate its scale, expand into new insurance lines and help organizations of all sizes remain secure in the face of increasing cyberthreats. The new funding round brings the total raised to more than $3.5 billion.

Distinguished Programs launched its Hotel Primary program, which is comprised of pre-existing general liability and liquor liability coverage combined with its new hotel property offering. The program caters to mid-scale, boutique, luxury and resort hotels.

RightSure is offering VOOM pay-as-you-ride motorcycle insurance, allowing motorcyclists insurance customers pay a low monthly base rate with a per-mile rate added on top. The base rate varies depending on the type of bike insured and the driver’s risk profile.

Allstate pledged $1 million to honor the Allstate AFCA Good Works Team, as well as their non-profits of choice, for their remarkable commitment to community service. Made possible by new NCAA Name Image Likeness rules, Allstate has an opportunity to financially empower athletes who serve their communities, opening the door to new possibilities for players and beyond.

Related: Around the P&C insurance industry: September 22, 2021