CORE INSURANCE, INSURANCE TECHNOLOGY
Businesswire | March 17, 2023
Inszone Insurance Services: a rapidly growing, national provider of benefits, personal and commercial lines insurance, announced today the acquisition of Larry Fu Insurance Agency, Inc. The addition of Larry Fu Insurance Agency to the Inszone Insurance team is a strategic move that brings together two trusted insurance providers with a shared commitment to exceptional customer service.
Founded in 1979, Larry Fu Insurance Agency has built a strong reputation as a family-owned and operated business, providing exceptional service to its clients for over 40 years. Larry and Shirley Fu started their business from the ground up, and their dedication and hard work have earned them a loyal clientele from all over the Bay Area and Southern California.
"Larry Fu Insurance Agency has a long-standing reputation for exceptional customer service and market expertise, making them a perfect fit for Inszone Insurance," said Chris Walters, CEO of Inszone Insurance Services. "Their values align with ours, and we are excited to welcome the Larry Fu Insurance team to the Inszone Insurance family."
As part of the acquisition, clients of Larry Fu Insurance Agency can expect to receive the same exceptional service and care they have come to expect from Larry Fu Insurance Agency, now under the Inszone Insurance brand. This acquisition is just one of many that Inszone Insurance Services plans to make as it continues to expand its national footprint and serve clients with exceptional insurance placement capabilities and personalized service.
About Inszone Insurance Services
Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm that 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 40 locations across California, Arizona, Nevada, Utah, Colorado, Michigan, Missouri, Oregon, Texas, and Illinois, the company is looking to further expand throughout the United States.
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CORE INSURANCE, INSURANCE TECHNOLOGY
Branch | February 13, 2023
Branch®, a full-stack insurance business that uses technology, data, and automation to make home and vehicle insurance more accessible and affordable, has introduced condo insurance, increasing its selection of instantly bindable products. Condo insurance will be launched across Branch's accessible states, beginning with Ohio, in the coming months.
Branch transformed the purchasing process by needing just a consumer's name and address to get an instant estimate for combined home and vehicle insurance. The National Association of Realtors reports that more than 10% of existing home sales in the last three years were condos. By offering a condo product, Branch can provide quick bundling to millions of more homeowners.
Branch co-founder and CEO, Steve Lekas, said, "Bundling has always been at the core of what Branch can do, so we're thrilled to offer another product to help consumers quickly and easily bundle their insurance." He added, "By enabling more people to access Branch's bundle, and the deep savings that come with it, we're taking meaningful steps towards our mission of getting more people insured."
(Source – PR Newswire)
Including a condo product adds tremendous value to Branch's rapidly expanding independent agency channel, allowing Branch-appointed agents to meet their customers' insurance requirements better. Moreover, by increasing its product offerings, Branch provides its partners with a seamless, integrated experience. On the Branch website, consumers can rapidly acquire condo insurance with only a few pieces of information and bundle it with vehicle insurance.
About Branch®
Branch®, is a company that provides home and car insurance that is easy to purchase and designed to save money. Through its groundbreaking instant-bind capabilities, Branch eliminates all of the hassle involved with obtaining coverage, making it simple for clients to combine home and vehicle insurance. The Branch Insurance Exchange was designed as a reciprocal exchange to make insurance more accessible and inexpensive for everybody. Branch is a public benefit corporation and a certified B corporation dedicated to achieving the highest levels of social and environmental performance and responsibility.
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CLAIMS, RISK MANAGEMENT
CCIG | February 21, 2023
On February 20, 2023, CCIG, a risk management and insurance solutions provider, announced its acquisition of Cairn Advisors, LLC, for business expansion. With the Texas-based firm Cairn Advisors, it expands its reach in Austin with expectations of 20% organic growth in 2023.
With this acquisition, it opened its new office located in Austin in 2021. It will improve Cairn Advisors' client services and establish operations in its new office location. Even after the acquisition, co-founders of Cairn Advisors, Taylor Rogers and Rich Hejny, would continue to drive growth and provide employee benefits services in Texas. It would reflect CCIG's dedication to customer experiences. With a customized boutique approach, it would adhere to CCIG's aim of delivering the products and resources of a more prominent insurance firm.
With extraordinary organic growth, CCIG is listed in the Top 100 Brokers of the United States. It is one of the fastest-growing private companies in the country. Independent Insurance Agents and Brokers of America have constantly recognized it as the "Best Practices" Insurance Broker for nine years. It has also been rewarded with multiple Denver Top Workplace awards.
Chief Operating Officer of CCIG, JB Richardson, said, "This acquisition enhances our ability to serve more clients across the Southwest region, underscoring our strategic expansion, with a focus on employee benefits." He added, "The Cairn Advisors team shares our passion for creating personalized, forward-thinking insurance solutions, and we are thrilled to leverage their expertise for our current and future clients."
(Source – Cision PR Newswire)
Co-founder of Cairn Advisors, Taylor Rogers, said, "We are thrilled to join the CCIG team as we continue to rapidly expand our employee benefits practice," Rogers said. "CCIG's curious approach aligns with our vision for how to best serve our clients. The culture aligns with what we believe is critical to building a great business and we look forward to a bright future together."
(Source – Cision PR Newswire)
About CCIG
Headquartered in Englewood, Colorado, CCIG, an insurance company, provides solutions for personal and commercial insurance, risk and claims management, surety, employee benefits, home, auto, claims advocacy, risk management and claims analysis since 1985. It has been recognized as one of the top insurance brokerage providers for Property, Casualty, Risk Management, Benefits, Life and Wealth Management services across the United States. It offers customized and cost-effective solutions for business and personal insurance requirements for every company category, from international public trade companies to local family businesses. This customization assists in the management of exposures to risks.
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