Workers Compensation, Risk Management
Businesswire | July 05, 2023
Inszone Insurance Services, a rapidly growing national provider of benefits, personal, and commercial lines insurance, announced today that they have acquired Nugen and Associates, an insurance brokerage based out of Rancho Cucamonga, CA. With this acquisition, Inszone Insurance Services expands its commercial insurance expertise, while providing enhanced services and support to existing and new clients in the Rancho Cucamonga area.
Known for its comprehensive insurance solutions for local contractors and businesses, Nugen and Associates has gained an excellent reputation in tailoring insurance products to meet specific client needs. This expert knowledge in commercial and contractor insurance enriches Inszone's service offering.
“Nugen and Associates have done a great job focusing on the commercial space, building strong relationships with their customers,” said Chris Walters, CEO of Inszone Insurance Services. “We look forward to expanding the reach and providing additional product offerings to said clients, giving them access to personal lines and benefits insurance solutions, all with the goal of providing customers a true one-stop-shop for all their insurance needs.”
Inszone Insurance Services will continue to provide exceptional insurance services while maintaining the same level of dedication to personalized service and professionalism that clients have come to expect. Current clients of Nugen and Associates can expect a seamless transition with the same high-quality service and support as before, now enhanced by the resources and capabilities of Inszone Insurance Services.
Inszone Insurance is expected to announce a number of important acquisitions in the upcoming months as it continues to build its national presence.
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.
Risk Management, Intellectual Property
Globenewswire | July 27, 2023
Betterview, the insurtech company Property & Casualty insurers rely on to identify and manage real property risk, and EagleView, the leading provider of aerial imagery and accurate property measurements, today announce a strategic alliance. EagleView's imagery will be integrated into Betterview's property intelligence platform to help insurers better understand a customer’s total property risk by providing broader, data-driven intelligence for both underwriters and claims professionals. Additional benefits of the alliance will include the ability for EagleView customers to gain direct access to Betterview’s property insights, scores, and data.
“EagleView chose to join forces with Betterview and their cutting-edge property analytics," said Piers Dormeyer, CEO of EagleView. “We’re launching an alliance that leverages the expertise of both companies to scale our innovative solutions and deliver unparalleled property intelligence to our customers.”
Customers across both product platforms will benefit from these advanced capabilities:
Greatly Expanded Imagery Coverage: Imagery coverage now encompasses 94% of the US population with over 1 billion ultra-high resolution property images.
AI Detections: Access to property condition attributes, including Roof Age, from the most advanced computer vision and machine learning in the industry.
Predictive Risk Scores: From roof conditions to weather-related perils and vulnerability, insurers will get the most accurate predictors of loss—pre-filled in many states.
Historical Image Library: Access to nearly 20 years of historical imagery will deliver expanded intelligence on property changes over time. A significant beneficiary will be Betterview’s new Roof Age product.
Rapid Post-CAT Event Imagery: When a storm strikes, EagleView mobilizes its fleet to capture imagery of the impacted areas, quickly producing before and after views of the event. This imagery will power Betterview’s CAT response solution, further supporting fast decisions and early assistance for homeowners.
Predictive CAT Response Capabilities: Customers will access solutions to remotely identify vulnerability, predict impact, quantify damage, and help homeowners recover faster from severe weather events.
“At Betterview we are continuously looking for ways to improve our customer’s ability to accurately assess property risk,” said David Lyman, Chief Executive Officer and Co-Founder of Betterview. “EagleView’s extensive, 20-year library of high-quality aerial imagery paired with our AI-powered property insights greatly expand our customers’ total understanding of property risk, both pre- and post-claim.”
The combined strength of EagleView and Betterview represents a major leap forward for insurance companies in their transition from repair and replace to predict and prevent.
“The addition of EagleView imagery is not just great for our customers in the short-term, but also will lead to long-term enhancements and benefits for our customers and the insurance market,” says Dave Tobias, COO and co-founder of Betterview. “EagleView’s ultra-high-resolution imagery allows us to continue to develop the most accurate AI models, risk scores, and overall property insights. Ultimately, we can build the most innovative tools to solve tough problems for insurance.”
Betterview is the Property Intelligence & Risk Management Solution the insurance industry depends on to identify and mitigate property risk, improve underwriting and inspection efficiency, and build a more transparent customer experience. Applying Artificial Intelligence (AI) and computer vision to aerial imagery and geospatial data, Betterview generates the most accurate property information insurers trust to automate pricing, underwriting, and renewals while focusing strategic action on critical properties. For more information, please visit www.betterview.com
EagleView is a leader in geospatial technology, providing solutions that transform the way our customers work. EagleView has the largest geospatial data and imagery library ever assembled, encompassing 94 percent of the U.S. population. EagleView’s unique technology portfolio comprises more than 300 patents, enabling our highly-differentiated offerings of software, imagery, and analytics products for multiple industries.
Risk Management, Intellectual Property
PRnewswire | July 24, 2023
Specialty Program Group LLC, (SPG), one of the most successful and fastest-growing specialty platforms, announced that it has acquired the assets of Agency Two Insurance Marketing Group, LLC (d/b/a AgencyONE), a nationally renowned Brokerage General Agency (BGA) specializing in empowering financial advisors to deliver responsible wealth and risk management solutions through insurance – Life, Annuities, Disability, and Long Term Care.
AgencyONE has established itself as a trusted partner to a select group of independent insurance advisors and wealth managers nationwide who focus on planning and implementing financial strategies using insurance-based solutions designed to help secure their clients' families and businesses. By offering full-service, highly personalized back-office support, AgencyONE enables advisors to prioritize the client experience while delivering tailored solutions for financial security and wealth transition.
By acquiring AgencyONE's operations, SPG builds upon its acquisition of the assets of Brokers' Service Marketing Group II LLC, now operating as a division of SPG (BSMG) and expands its life and annuity distribution network.The AgencyONE team, lead by principals Dennis C. Bartos, Gonzalo M. Garcia and Cathy Neifeld will join SPG.
"We're thrilled to join forces with AgencyONE - as we continue to build out a national BGA network of like-minded, leading firms - something truly unique in the life and annuity distribution space," said Jason Lea, CEO of BSMG and head of SPG's Life & Annuity strategy. Lea added that "Gonzalo and his team at AgencyONE are recognized industry leaders and innovators in the advanced markets and underwriting space. I'm excited to get to work with the AgencyONE team to build our shared vision for a differentiated life and annuity platform."
According to Garcia, "Over the past four years, AgencyONE has explored several partnership opportunities without finding a firm that met our business objectives or values. SPG's recent acquisition of Jason's team at BSMG caught our attention. This move allowed SPG an entrée into the wholesale distribution of life, long-term care, and disability insurance, as well as annuities. My partners and I recognized that SPG aligns perfectly with our business objectives and commitment to serving our advisors' advanced planning and underwriting needs. We are very confident about the future success of this partnership and the growth and expansion it will offer AgencyONE. We are excited to be a part of the SPG Team."
By combining the strengths of BSMG and AgencyONE, financial advisors will benefit from expanded resources, advanced planning techniques, and enhanced access to insurance-based solutions.
AgencyONE is a Brokerage General Agency (BGA) partnership with long-term industry experience. They are dedicated to collaborating with and empowering financial advisors to deliver responsible and holistic wealth and risk management solutions using insurance-based planning and high-level carrier relationships. By providing full-service back-office support including customized advanced planning strategies and case design, highly skilled medical underwriting, and personalized case management, AgencyONE enables advisors to focus on delivering extraordinary client experiences while ensuring financial security and orderly wealth transition. For more information, visit agencyone.net
About Brokers' Service Marketing Group (BSMG)
For over 50 years, the BSMG operations have delivered uncompromising support and service to top producers in Life, Annuity, and Long-Term Care Insurance. BSMG maintains a long-standing and well-earned reputation for excellence in providing exceptional guidance to financial service professionals and financial institutions. For more information, please visit bsmg.net
About Specialty Program Group
Specialty Program Group LLC (SPG) is a leading specialty platform headquartered in Chicago, IL, with a diverse portfolio of specialty insurance operations spanning underwriting management, digital solutions, wholesale and specialty retail brokerage, and insurance services. SPG has a track record of scaling industry leading businesses by providing access to business resources, technology and process efficiency, capital and investment, deep carrier relationships, and a broad distribution network. Visit specialtyprogramgroup.com to learn more about how SPG can help you scale your specialty business.