Around the P&C insurance industry: June 15, 2022

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News from Keystone Agency Partners, MarshBerry, IQUW and more. (Photo: Shutterstock)

Keystone Agency Partners in partnership with Keyes Blanket, an independent insurance agency serving the personal and business insurance needs of clients in Florida. Financial terms of the majority stake transaction were not disclosed.

California Insurance Wholesalers Association announced an arrangement to bring together CIWA members and Western States Surplus Lines Conference affiliates for an exclusive annual summer event. The 2022 Summer Forum will take place in Monterey, CA from June 26-29. This summit of long-time members will include CIWA members and directors and board members of national surplus line associations.

MarshBerry and wealth management, congratulates Clark Insuranceheadquartered in Portland, Maine, on its successful sale transaction to the MarshMcLennan Agency closed on June 1, 2022.

IQUW launched a new class of crisis management insurance to help businesses anticipate, prevent, respond to and recover from a wide variety of risks. The new global crisis management portfolio will be led by experienced specialist underwriter Jon Atkinson. The deployment of the new product offering is part of IQUW’s growth and development strategy for its specialty lines.

Lemonade launched Lemonade Car in Ohio. The state of Buckeye is the third state to offer the availability of Lemonade’s newest eco-friendly product. With a growing presence of electric vehicle infrastructure and a growing startup culture, Ohioans are no strangers to new technologies. Lemonade Car not only brings a new technological approach to car insurance with telematics, but also introduces a new type of product that aims to encourage drivers to respect the environment. Lemonade has also created a guide for drivers to help navigate the nuances of car insurance in the state of Ohio, which can be found here.

Builders and Craftsmen Insurance ServicesInc. has launched home-based business coverage – available nationwide and underwritten by a specialist insurer RLI. RLI’s home business insurance protects small home-based businesses against general liability risks and protects their equipment, furnishings, fixtures and inventory while they work from home and off-site. Adequate protection against these risks is generally not provided by standard home insurance policies.

Coterie Insurance announced the expansion of its small business insurance products in New York State. The company is committed to providing a superior insurance experience for New York’s small businesses to insure the Empire State’s 2.2 million business owners. With the addition of New York, Coterie insurance products are now available to agents and brokers who help small businesses obtain insurance nationwide and in the District of Columbia.

Otherness group acquired Hager Strategic, Inc. Mike Hager and Faisal Saleh, chief strategic officers of Hager, are joining Alterity and will report to Sharla St. Rose, chief executive officer of Alterity. The transaction closed on May 6, 2022.

Duck Creek Technologies in partnership with ODG by MCG, a leader in evidence-based guidelines and claims analysis serving workers’ compensation, disability and personal injury. This partnership will allow carriers to make informed decisions about the claims process while seeking to understand the expected cost and duration of an injury for an injured worker.

CSAA Insurance Group launched CSAA Specialized Services, which offers claims handling, training and call center support. What began as an idea from an employee innovation challenge has blossomed into a new company firmly rooted in the AAA insurer’s legacy of community service and deep expertise in customer support. Faced with the challenges of the COVID-19 pandemic, CSAA Insurance Group has begun working with many local and state governments to help them respond to the pandemic.

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