Fortegra, LifeSpring partner to offer infertility insurance

insurancebusinessmag | June 06, 2019

Specialty insurer Fortegra Financial Corporation has announced a new partnership with LifeSpring, an organization focused on making fertility treatment affordable, to offer an infertility insurance product. Fortegra will underwrite the product, which is currently available to Texas residents. An expansion to other states is planned for later this year.

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Zach Patten, President of Oak Grove Insurance, provides information on a recent auto claim that he filed for an insurance loss with his personal vehicle. In this video, he discusses the importance an individual or family having the appropriate coverage for their needs. Here, he states that rental reimbursement coverage protected him and his family from paying large expenses out of pocket while his personal vehicle was being repaired over a 15-day period.

Spotlight

Zach Patten, President of Oak Grove Insurance, provides information on a recent auto claim that he filed for an insurance loss with his personal vehicle. In this video, he discusses the importance an individual or family having the appropriate coverage for their needs. Here, he states that rental reimbursement coverage protected him and his family from paying large expenses out of pocket while his personal vehicle was being repaired over a 15-day period.

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CORE INSURANCE

Diversity and Equality Fuels Charitable Giving by Preferred Employers Insurance

Preferred Employers Insurance | January 25, 2022

Preferred Employers Insurance and the W. R. Berkley Charitable Foundation have donated a matched total of $4,092.54 to Growing The Table, an organization that supports California farms owned and operated by BIPOC (Black, Indigenous, and People of Color), Women, LGBTQ+, and Organic or Regenerative Practitioners. This donation honors their efforts in the nourishing of families in need, helping to reduce food waste, and saving farms during the COVID-19 crisis. "It was important for us to give back to an industry who has trusted us as their workers' compensation insurance provider for over 20 years. We're especially proud to support a group dedicated to diversity while also providing food sources to those in need", -Dennis Levesque, President of Preferred Employers Insurance. About Preferred Employers Insurance Preferred Employers Insurance, a Berkley company, was founded in San Diego, CA in 1998. The company is known for serving its customers with the best combination of price, workplace risk management, and medical provider services available in California's workers' compensation insurance industry. Preferred Employers Insurance Company is rated A+ (Superior) by A.M. Best Company, the global rating agency of insurer financial strength. Please contact your insurance broker to access the workers' compensation insurance products and services of Preferred Employers Insurance in California.

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CORE INSURANCE

South Risk Management is Acquired by Propel Insurance

Propel Insurance | June 07, 2021

Propel Insurance, one of the nation's largest privately-owned insurance agencies and a portfolio company of Flexpoint Ford, announced today it had acquired South Carolina-based South Risk Management ("SRM"), a leading construction-focused insurance consulting firm. The acquisition of SRM expands Propel's presence into South Carolina and adds to the Company's existing Southeast footprint, which includes Knoxville, Charlotte, Atlanta, and Orlando. The SRM team will be a valuable addition to Propel's industry-leading construction risk practice. "We are pleased to welcome SRM into the Propel family, underscoring our commitment to growing our specialties nationwide by welcoming strategic partnerships and top industry talent," said Kurt Carlson, President, and CEO of Propel. "Propel is recognized as a leader in providing creative insurance solutions for our clients. Our long-standing partnerships with many of the nation's leading carriers, combined with our valuable services, translate into a competitive edge for our clients." "We are thrilled to be joining Propel, a highly-respected and innovative leader in the insurance industry," said Patrick McKain, a founding partner of SRM. "We have shared values and a like-minded approach to delivering unparalleled advice and solutions to our clients." SRM founding partners David Wells, Tripp Hafner, and W.D. Morris looks forward to expanding Propel's existing construction practice with John Babson taking on a leadership role. The team will leverage the broader pool of resources available at Propel to continue providing risk management services to help their clients address complex issues and support their business growth. In Propel's Charlotte office, Richard Todd, Regional Director, added, "This transaction will complement our footprint in the Southeast. We remain excited about our growth and will continue to provide a compelling opportunity for insurance advisors who are looking to join a national leader." About Propel Insurance Propel insurance is one of the nation's largest privately-owned insurance agencies. It provides a broad array of property, casualty, risk management, workers' comp, employee benefits, personal insurance, and other products across North America. Propel is dedicated to helping businesses and individuals manage their insurance needs and find their momentum. About Flexpoint Ford Flexpoint Ford is a private equity investment firm that has raised more than $5.0 billion in capital and specializes in privately negotiated investments in the financial services and healthcare industries. Since the firm's formation in 2005, Flexpoint Ford has completed investments in more than 30 companies across a broad range of investment sizes, structures, and asset classes. Flexpoint Ford is headquartered in Chicago, Illinois, with additional offices in New York, New York.

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INSURANCE TECHNOLOGY

NYCM Insurance Launches Snapsheet Payments Software to Enable Digital Payment Options for Claimants and Vendors

Snapsheet | August 27, 2021

Snapsheet, the pioneer of virtual appraisals and an emerging leader in cloud-native claims management software, today announced that NYCM Insurance, a leading personal lines insurance carrier serving customers in New York State, is tapping Snapsheet Payments software to enable digital payments for customers alongside its existing check option. In addition to digitizing payments, Snapsheet will also facilitate faster communication methods during the payments process, power automated workflows, and offer increased transparency into payment statuses. Further, Snapsheet is providing NYCM Insurance with access to a vendor network, enabling the carrier to electronically pay vendors, including third-party administrators, law firms, property contractors, and others. NYCM Insurance prides itself on providing the outstanding service and security it was founded on more than 120 years ago in 1899. Snapsheet is dedicated to supporting the multi-line carrier as it embarks on its digital transformation journey. "Our customers are our top priority, and we strive to do everything possible to make their experience as efficient, transparent, and easy as possible," said V. Daniel Robinson, President and CEO of NYCM Insurance. "By expanding our options for payment beyond the traditional check and enhancing our digital communication capabilities, we're able to provide our customers, employees, agents, and business partners a sense of control in an uncontrollable event." Snapsheet Payments software seamlessly integrates with modern, legacy or multiple core systems with business line configurations to support multiple brands. The platform digitizes the payment experience for personal and commercial P&C to life, annuity, and disability insurance carriers to rideshare disruptors. The solution enables configurable workflows, built-in banking integrations and automated digital engagement capabilities and expedites digital disbursements for policy holders, vendors and third parties. In addition, the solution achieves greater payment status transparency and increased automation through financial integration within claims and treasury organizations, delivering greater consistency for everyone involved in the disbursements process. "An established and trusted insurance carrier for more than 120 years, it's clear that NYCM Insurance values customer service and satisfaction," said Brad Weisberg, CEO and founder of Snapsheet. "Today, as customers have grown increasingly accustomed to the convenience and efficiency that comes with digital experiences, electronic payment options are a must-have. We are proud to pioneer the digital payments transformation for our clients across the globe, helping them better meet, and exceed, modern customer expectations." Snapsheet transforms claims experiences for clients around the globe, from the world's largest insurance carriers such as Zurich, to insurtechs like Branch Insurance and Clearcover, to sharing economy disruptors like Outdoorsy and Getaround. About Snapsheet Snapsheet is the pioneer in virtual appraisals and a leader in cloud-native claims management software, enabling the most innovative claims organizations to deliver the best experiences for customers. With a focus on engagement, digitization, and intelligent automation, Snapsheet provides unmatched software and processes to improve customer experience, drive greater organizational agility, and deliver transformational benefits through its Snapsheet Cloud software suite and Appraisal Services offerings. Snapsheet leads the industry in claims innovation including the deployment of the fastest digital auto insurance claims process in the United States. As a trusted innovation partner, Snapsheet works with more than 125 clients, including many of the largest insurance carriers, third-party administrators, MGAs, insurtechs and sharing economy disruptors. About NYCM NYCM Insurance is a property and casualty insurance carrier that has been providing coverage to residents and businesses in New York since 1899. The company has grown tremendously over the last 120 years and is currently under the direction of founder VanNess Robinson's great grandson, V. Daniel Robinson II. Aside from the Edmeston headquarters, NYCM Insurance has three additional offices in Sherburne, Canajoharie and Orchard Park. With a team of over 850 employees, and a network of over 1,200 independent agents, NYCM Insurance is dedicated to providing superior service and a quality customer experience to their over 525,000 customers. Insurance lines include Home, Auto, Umbrella and Business. NYCM Insurance is rated A by A.M. Best Company.

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