CORE INSURANCE,INSURANCE TECHNOLOGY
PCF Insurance Services | December 08, 2022
PCF Insurance Services (PCF), a top 20 U.S. insurance brokerage firm, has acquired Direct Dealer Services (DDS), an automotive finance and insurance (F&I) firm providing industry-leading technologies, products, solutions and training.
DDS offers national automotive dealers, agents, and lender partners innovative F&I programs that promote employee confidence, fewer regulatory risks, and improved customer sales and satisfaction.
"Direct Dealer Services has a strong foothold in a unique market, The experience and knowledge that DDS brings will help position PCF as a leader in the F&I space and continue our geographical expansion of these product offerings."
-Peter C. Foy, Chairman, Founder and CEO of PCF Insurance
PCF Insurance has enhanced market access to national and regional carriers, providing value for its Agency Partners through a full spectrum of insurance and risk management solutions and program capabilities. Through collaboration, Agency Partners can focus on what they do best, knowing there is a support network of skilled professionals bringing forth industry knowledge and experience to provide world-class benefits design, insurance and risk management services.
We are extremely pleased to become an Agency Partner of PCF Insurance Services, We look forward to continuing working with our customers while bringing substantial new resources, exciting new products, and an unmatched level of service,said Pat Kane, Principal of Direct Dealer Services.
About Direct Dealer Services
Headquartered in Hoffman Estates, Illinois, Direct Dealer Services, Inc. (DDS) was founded in 1992 to help dealers, agents, and lender partners across the U.S. realize their maximum profit potential by providing industry-leading technologies, products, solutions and training. Every product in its portfolio complies with applicable regulatory requirements, and all are underwritten by insurance carriers rated "A-" (Excellent) or better by A.M. Best.
About PCF Insurance Services
A top 20 U.S. broker headquartered in Lehi, Utah, PCF Insurance Services is a leading full-service consultant and insurance brokerage firm offering a broad array of commercial, life and health, employee benefits and workers' compensation solutions. Propelled by its people, PCF Insurance's agency-centric operating model and entrepreneurial environment support its tremendous growth profile, offering partners alignment through equity ownership, significant leadership incentives, and resources to over 3,100 employees throughout the U.S. Ranked #20 on Business Insurance's 2022 Top 100 Brokers and #13 on Insurance Journal's 2022 Top Property/Casualty Agencies, PCF Insurance is a notable leader in the insurance space.
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CORE INSURANCE,INSURANCE TECHNOLOGY
Coterie Insurance and Vertaforce | January 11, 2023
On January 10, 2023, Coterie Insurance officially launched Vertafore's award-winning Commercial SubmissionsTM platform, which handles business owner’s policies (BOP) and general liability policies. Coterie, the platform's first MGA, will make it easier for independent brokers to bind and quote small commercial insurance.
The time-consuming process of quoting small business insurance lines has been made simpler using Commercial Submissions by independent agencies since it became available last spring. The platform's automated data entry tasks and connectivity with carriers have produced significant results for independent agents, enabling them to offer their business clients a better experience.
Coterie's mission and goals, which focus on revitalizing the business through digital tools, are entirely consistent with those of Commercial Submissions. Using Coterie, agencies will have access to Commercial Submissions and be open to a wider variety of specialized commercial alternatives.
Becky Monfre, Coterie's Director of Digital Partnerships, said, "We are excited to engage with Vertafore's vast network of agents on the Commercial Submissions platform and offer our BOP and general liability quotes to their agents. She further added, "Coterie is uniquely positioned on the platform to offer bindable quotes with minimal questions, as a fully digitally underwritten insurance product. This puts a quote in the agent's hand to present to their clients within minutes, offering unique products and coverage in all 50 states."
(Source: Cision PRnewswire)
"We are thrilled to welcome Coterie Insurance to Commercial Submissions and to further increase connectivity across the entire insurance distribution channel. Coterie's addition expands access to their policy solutions and adds to the platform's momentum, providing participating agents with another communicative, world-class partner who can help them quickly match customers with the product options that are right for them," said James Thom, Chief Product Officer at Vertafore.
(Source: CisionPRnewswire)
About Coterie Insurance
Coterie Insurance helps in getting quotes and buying insurance. Small businesses can get the services they need through their website, through an independent agent, or with help from the company's support team. The company, which started operations in 2018, has its main office in Cincinnati (Ohio).
About Vertafore
Founded in 1969, Vertafore is modernizing and streamlining the insurance life cycle and helping its customers prioritize what's truly important to them. As a result, independent agencies, MGAs, and carriers can increase efficiency, productivity, and profitability with the help of Vertafore's solutions. It provides end-to-end connectivity across the distribution channel, enhances the client and agent experience, unlocks data's power, and streamlines essential workflows.
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RISK MANAGEMENT,INSURANCE TECHNOLOGY
Oakbridge Insurance Agency | December 20, 2022
Oakbridge Insurance Agency LLC (Oakbridge), one of the largest independent insurance and risk management agencies in the United States, today announced a new partnership with NorthShore Insurance LLC, an independent agency located in Chattanooga, Tennessee. The partnership supports Oakbridge's continued expansion throughout the southeast.
NorthShore Insurance offers a broad range of personal insurance products and advice with expertise in addressing the unique and varied needs of the affluent and high net worth clients. For decades, NorthShore has helped individuals protect their personal assets and reduce risk.
"We are excited to welcome NorthShore as our newest partner in Tennessee, Vickie and her team's expertise in personal insurance will serve as an asset for the management of Oakbridge's business in Tennessee and throughout the southeast."
-Oakbridge CEO Robbie Smith
The partnership provides both firms with access to a broader pool of resources, industry knowledge and niche expertise, and further expands its focus on specialization in personal lines.
We look forward to joining the talented team at Oakbridge, We feel certain that the partnership with Oakbridge will further enhance our commitment to client service excellence and move NorthShore to the next level of capabilities for our clients,said Principal Vickie Champion.
About Oakbridge Insurance Agency
Founded in 2020, Oakbridge Insurance Agency LLC is a rapidly growing partnership model for firms seeking accelerated growth, access to capital, and an expanded suite of resources with which to serve clients. Ranked a "Top 100" insurance brokerage by Business Insurance and Insurance Journal magazines, Oakbridge is one of the largest privately owned insurance, risk management and employee benefits agencies in the nation. The agency has specific experience in the agriculture, bond/surety, construction, financial, health care, manufacturing, municipalities, non-profit, senior living, affluent personal and transportation industries.
About NorthShore Insurance LLC
Northshore Insurance serves the insurance needs of individuals, families and businesses. As an independent insurance agency, NorthShore represents many top-rated insurance companies. NorthShore is centrally located on the Northshore of Chattanooga, Tennessee.
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