Hedvig

TWFG Insurance | April 22, 2020

TWFG Insurance Services, a full-service national retail insurance agency, has acquired the personal and commercial insurance business of Panoptic Insurance. Headquartered in The Woodlands, TX, Panoptic Insurance is a privately-owned national independent insurance agency. The firm was founded in 2008 by Arden Hetland. “This is an exciting opportunity for us. This acquisition increases the value we can deliver to our agency partners, strengthens our well-defined business model, and adds thou...

Valmark Financial Group | May 14, 2020

Valmark continues its rich history of innovation in the life insurance industry by expanding its toolkit for independent insurance and financial professionals. Its newest offering, the Life Insurance Fulfillment Tool™ (LIFT™), is focused on making the process of buying life insurance simpler for both clients and advisors. The global health pandemic and economic crisis have impacted most major industries, turning on its head the traditional purchasing processes of many business...

State Farm | January 30, 2020

State Farm, the number-one auto insurer in the US for decades, may soon be playing second fiddle to GEICO. After losing business in the wake of a series of rate hikes, State Farm held a market share of 17% in 2018 – its lowest share in more than two decades, according to a report by Crain’s Chicago Business. Online insurer GEICO, meanwhile, held 13.4% of the market. If the two companies’ average growth rates persist, GEICO will overtake State Farm as the nation’s largest ...

Insurance Business | July 29, 2020

Insurtech company Worry+Peace has marked its first foray into open insurance with the release of a pair of automated and scalable review-focused tools accessible to all providers who are using the firm’s online platform. Reviews API gives each insurer a default key and a corresponding product key to every product it lists on the Worry+Peace marketplace, allowing for seamless data transmission. Onboarding for existing providers has already started and is set to be completed by the end of Au...