Around the P&C insurance industry: September 21, 2022
News from Liberty Company Insurance Brokers, NFP, PCF Insurance Services and more.
Liberty Company Insurance Brokers partnered with Perfect Circle in San Jose, Costa Rica. As the firm continues to grow, Perfect Circle marks Liberty’s first international partnership.
Fortiphi Insurance and Western Pacific Insurance, both Agency Partners of PCF Insurance Services, announced the formation of the Western Pacific Partners Group led by industry veterans Michael Ebert and Gabe Oh. The move aligns 19 independent insurance agencies within the PCF Insurance Partner network in the Northwest U.S., including Washington, Oregon, Idaho and Northern California. Under WPPG, these agencies can now provide insurance coverage and risk management solutions for every facet of the region’s unique personal, commercial and specialty insurance needs.
We Insure and Zogo introduced a new Risk and Insurance education module via the Zogo app. The new module is designed to help users better understand the ins and outs of insurance so they can better protect their financial well-being. We Insure worked with Zogo because a better informed customer is a happier customer, and research has shown that more informed clients have better performing loss ratios. Better informed customers also put We Insure agents in an ideal position to help them protect their most valuable assets.
CCC Intelligent Solutions Inc. announced it is a winner of the 2022 IDC FinTech Rankings Real Results Award which recognizes tech providers that have enabled a genuine, measurable and future-enabling change at a client financial institution. The company was recognized with an Efficiency and Agility Award for its CCC Safekeep AI-powered subrogation platform and its work improving subrogation outcomes for Root Insurance.
NFP announced that Savitsky Satin Bacon & Bucci has rebranded as Ground Control Business Management. The Los Angeles-based firm, led by Chris Bucci, CEO, serves high-net-worth individuals, including entertainment industry executives, entertainers and professional athletes, among others. The firm, which has been a key complement to NFP’s wealth management business since being acquired in 2019, provides a broad range of specialized services that include oversight of financial affairs, insurance, taxes and financial life planning, as well as a variety of personalized concierge services.
American Family Insurance joined more than 375+ national and global companies across more than 53 industries and 34 countries in further committing to taking climate action by signing The Climate Pledge. Co- founded by Amazon and Global Optimism in 2019, The Climate Pledge is a commitment to reach net-zero carbon by 2040 and meet the Paris Agreement 10 years early.
RB Jones announced its Marine & Energy division acquired the Smart Cargo Insurance business from Corvus Insurance, a specialty insurance MGA. This acquisition allows RB Jones to expand its comprehensive solutions for brokers, agents and wholesale partners. This ocean cargo product offers a custom solution for temperature sensitive cargo such as food and pharmaceuticals.
Encore Insurance selected Novidea’s cloud-native, data-driven insurance Agency Management System to scale and create a better customer experience. By putting real-time customer data at every employee’s fingertips, regardless of where they choose to work, Encore can now boost conversions, resolve customer disputes more quickly and make better-informed business decisions.
HOVER announced that they are expanding their solution to provide accurate interior property measurements. For insurance professionals, HOVER is now a complete exterior and interior solution to quickly generate to-the-inch measurements with just the phone in their pocket.
CAC Specialty Natural Resources partnered with Ethos Specialty Insurance Services to provide insurance solutions for Clean Tech companies. This partnership speaks to the commitment of both CAC Specialty and Ethos Specialty to provide innovative solutions for the challenges facing Clean Tech companies. Clean Tech companies are leading the way through the energy transition and need insurers and brokers who understand the nuanced industry and unique business obstacles. To assist, the companies have created a streamlined solution to provide insurance coverage at the earliest stages. This partnership provides a bespoke analysis of the risks facing Clean Tech companies.
PCF Insurance Services acquired Peak Performance Team, a niche finance and insurance broker based in South Carolina offering custom-tailored packages to auto dealerships throughout the United States. PPT’s primary focus is extended warranties, vehicle service contracts, GAP and several ancillary products to enhance a dealership’s service offerings.
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