CORE INSURANCE, INSURANCE TECHNOLOGY
Bamboo Insurance | February 07, 2023
Recently, Bamboo Insurance, a diversified insurer committed to providing a customer-driven experience, announced homeowner's insurance availability in Arizona.
The insurance coverage will now provide Arizonans with improved underwriting structures, user-friendly technology, and unparalleled service, in addition to rational and inexpensive home coverage options.
Soon, Arizona homeowners and agents will be able to use the new way Bamboo does insurance, which emphasizes ease of use, open communication, and support for policyholders. In contrast to other businesses, Bamboo does not reduce customer support spending in order to increase profits; this is due to the company's focus on satisfying its clientele. Customers in Arizona can now take advantage of Bamboo's excellent services, such as its knowledgeable team of insurance advocates and reliable 24/7 claims assistance.
John Chu, Bamboo Founder and CEO, stated, "The launch of our Arizona product represents an exciting milestone in our expansion outside of California."
"By leveraging our proprietary underwriting models and easy to use technology platform, we're able to offer customizable coverage, for the right price, to the Arizona market," John Chu added.
(Source – Cision PR Newswire)
For 2018 and beyond, the company has carved out a special place for itself in the market by meeting the needs of disrupted industries by providing homeowners insurance at reasonable rates. It's getting harder to acquire reliable insurance in states like Arizona that are vulnerable to harsh weather. It is proud to provide Arizonans with a novel, low-cost insurance choice by utilizing cutting-edge data science and in-house underwriting tools.
Jonathan Vitale, Bamboo Co-Founder and Vice President of Sales stated, "When we started Bamboo, the vision was to push the insurance industry forward by providing quality products and coverage to our insureds."
"We paired that with a big emphasis on leveraging technology to deliver to our agents an industry-leading quoting platform that is focused on speed, ease of use, and simplicity. We're thrilled to be able to bring that experience to Arizona," he concluded.
(Source – Cision PR Newswire)
About Bamboo Insurance
An insurance company focused on expansion, Bamboo Insurance's objective is to simplify and modernize the client's insurance experience while maintaining a relentless commitment to customer advocacy. The company is streamlining the insurance process with the help of data and technology to improve transparency for its business partners and policyholders.
LIFE INSURANCE, INSURANCE TECHNOLOGY
NEXT Insurance | December 16, 2022
NEXT Insurance, a leading digital insurtech transforming small business insurance, announced its renewed commitment to small business restaurant owners with the expansion of Employment Practices Liability Insurance which is now available with general liability in 28 states plus Washington, DC. Continuing with its mission to help entrepreneurs thrive by innovating and enhancing its product offerings, NEXT's EPLI coverage provides additional protection for business owners against lawsuits involving discrimination, sexual harassment, wrongful termination and more.
One of small businesses' largest concerns and pain points is having the right financial protection set up if they're held responsible for common workplace accidents or staring down employment practice lawsuits. Small businesses, including restaurants, can be more susceptible to employment practice claims because they often lack human resource departments, employee handbooks or legal staff, making them prime targets for customer and employment lawsuits related to rights violations, wrongful discipline, benefits mismanagement among many others. Additionally, EPLI coverage can also help pay for legal expenses associated with Americans with Disabilities Act (ADA) compliance complaints, for example, if a claim is filed that alleges improper wheelchair access to your restaurant.
"Employment practice lawsuits can be costly to resolve and emotionally draining, which is especially important now for those who have been hit hardest by the pandemic like restaurant owners. EPLI is a distinct type of insurance coverage that helps pay for legal fees for discrimination claims, that may not be covered by other policies like workers' compensation. This expansion of NEXT's offerings provides our customers with additional protection so that they can focus on growing a successful business rather than stressing over financial concerns in the wake of investigation costs, judgments or settlements."
Richard Yeung, Vice President of Insurance at NEXT
Data from NEXT's survey of restaurant-goers earlier this spring found that enthusiasm for dining out is still high on many consumers' to-do lists, despite the continuing pandemic risks involved. Pairing high restaurant turnout with a restaurant labor shortage, small business owners are operating in a high-risk environment, making EPLI coverage even more critical to protecting their livelihood.
With the launch of EPLI Insurance for restaurants, NEXT is offering $25,000 in EPLI coverage as part of its Pro package and $50,000 in EPLI coverage as part of its Pro + package to new and existing customers. To learn more about EPLI visit NEXT's website, get an instant quote or become an appointed agent with NEXT.
About NEXT Insurance
NEXT Insurance is transforming small business insurance with simple, digital and affordable coverage tailored to the self-employed. Trusted by 420K business owners, NEXT offers policies that are easy to buy for over 1,300 unique types of businesses and provides 24/7 access to Live Certificates of Insurance, Additional Insured, and more, with no extra fees. Revolutionizing a historically complicated insurance industry, NEXT utilizes AI and machine learning to simplify the purchasing process and provide more affordable coverage. Founded in 2016, the company is headquartered in Palo Alto, has received a total of $881 million in venture capital funding, is rated "A- Excellent" by AM Best and has been recognized by CNBC Disruptor 50, Forbes Fintech 50, Inc.'s Best-Led Companies, and Forbes Best StartUp Employers.
Inszone Insurance Services | July 22, 2022
Inszone Insurance Services, a rapidly growing, national provider of benefits, personal and commercial lines insurance, announced today the acquisition of B-W Insurance Agency, LLC.
B-W Insurance was founded in 1984 by Bev Watenpaugh who entered the insurance industry after a successful professional career operating her own preschool. The agency was created to provide needed insurance for the more difficult driver and property owners. With the addition of husband Gene Watenpaugh and daughter and current owner Kim Steffen, this family-owned agency grew in the commercial space, supporting a diverse range of business industries. B-W Insurance was able to harness the power of word-of-mouth, as happy customers referred their friends and family to the agency and helped fuel their growth.
“We are excited to bring B-W Insurance into the Inszone Insurance family, Through our acquisitions our agency has grown rapidly within the state of Colorado, we look forward to continuing to serve the state and provide additional resources and insurance options to protect all customers.”
Norm Hudson, CEO of Inszone Insurance Services
Inszone Insurance is expected to announce several acquisitions as well as new locations in the upcoming months.
About Inszone: Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm which provides a broad array of property & casualty insurance, along with employee benefits solutions. With a strong, experienced management team, Inszone continues to grow organically, as well as through acquisitions. With 30 locations across California, Arizona, Nevada, Utah, Colorado, Missouri, Texas and Illinois, the company is looking to further expand throughout the United States.