CORE INSURANCE,INSURANCE TECHNOLOGY
World Insurance Associates LLC | December 19, 2022
World Insurance Associates LLC (World), a Top 50 Insurance Brokerage, announced today that it acquired DG&M Insurance Agency (DG&M) of Rochester, NY on November 1, 2022. Terms of the transaction were not disclosed.
DG&M Agency, Inc., was established in 1996 with the goal of providing customers with superior service by offering quality insurance products and services that satisfy their needs and exceed their expectations. Today the agency serves the needs of individuals and businesses in over a dozen states--providing auto, home, life, commercial, and disability insurance as well as bonds and employee benefits.
“Despite our growth over the years, our agents are still committed to providing the same small-town client-based service and attention to detail that has made us a leading choice among those seeking honest, reliable attention to their insurance needs, Our agents take pride in the individual service they offer to each and every customer, remaining abreast of industry trends, technology and changes that could affect their customers’ insurance products. I’m glad to be continuing this approach as part of World.”
-Dale K. Trott, Agency Principal, DG&M Insurance Agency
I’d like to welcome DG&M to the World family, Their vision and progressive way of doing business for more than 20 years has earned them industry recognition, and I am happy to have them as part of World,says Rich Eknoian, CEO and Co-Founder of WIA.
Giordano, Halleran & Ciesla provided legal counsel to World. Pullano & Farrow PLLC provided legal counsel to DG&M. No other advisors, diligence firms or legal counsel were disclosed.
About World Insurance Associates LLC
World Insurance Associates LLC (World) is headquartered in Iselin, N.J., and is a nationally ranked, full-service insurance organization providing individuals and businesses with top products and services across personal and commercial insurance, employee and executive benefits, retirement and financial services and human capital management solutions. Since its founding in 2011, World has completed over 170 acquisitions and serves its customers from more than 250 offices across the United States. World is ranked #34 on the 100 Largest Brokers of U.S. Business list by Business Insurance, ranked #2 on the Fastest Growing Brokers list by Business Insurance, ranked #3 on the Fastest Growing Benefits Brokers list by Business Insurance, ranked #24 on the Top 100 P&C Agencies by Insurance Journal, and is a Top-50 ranked personal lines agency by Insurance Journal.
CORE INSURANCE, INSURANCE TECHNOLOGY
Inszone | January 30, 2023
Austin Insurance was recently acquired by Inszone Insurance Services, a rapidly expanding nationwide provider of benefits, personal, and commercial lines insurance.
Founded by Cole Austin in 2005, Austin Insurance has been providing excellent insurance services to the Grand Prairie (Texas) area for over a decade. Through the years, Austin Insurance has been able to offer a variety of insurance products to the residents of Grand Prairie and contribute to the city's continued economic expansion and new job opportunities.
Inszone Insurance's Dallas office will now handle the day-to-day business previously run by Austin Insurance. As a result, customers may expect the same high quality of service from Inszone Insurance as they have in the past.
Chris Walters, CEO of Inszone Insurance Services, remarked, "Austin Insurance has built a strong reputation across Grand Prairie as a trusted partner for residents to protect their assets." He further added, "This acquisition is another important step in our growth in the Lone Star State as we continue to identify and invest in agencies that will help provide and offer increased services and options to our customer base."
(Source – Business Wire)
Nevertheless, in the coming days, Inszone Insurance is likely to reveal several acquisitions in addition to opening additional facilities.
About Inszone Insurance Services
Inszone is a full-service insurance brokerage founded in 2002 with headquarters in Sacramento (California). It offers various insurance products, including property, casualty, and employee benefits. Supported by a strong and experienced management team, it has grown both independently and by buying other companies. The organization currently has 37 sites across the states of California, Arizona, Nevada, Utah, Colorado, Michigan, Missouri, Texas, and Illinois and hopes to continue expanding across the country.
CORE INSURANCE, INSURANCE TECHNOLOGY
Covr and Smart Choice | January 25, 2023
On January 24, 2023, Covr Financial Technologies and Smart Choice announced that they have teamed up to make Covr Pro available to 9,500 Smart Choice agencies thereby, enabling independent advisers to access Covr's cutting-edge digital solution.
Covr Pro is a digital platform for independent advisers that gives them a number of benefits, such as an easy-to-use interface, competitive pay, help with application intake, and full case management (including electronic signatures and document delivery). With industry-proven transporters, there is no output requirement, and access is also immediate.
Ron Alexander, Covr President and Chief Innovation Officer, said, "Covr Pro offers instant access to leading technology and comprehensive support that streamlines insurance transactions and improves client experiences." He further expressed, "We're thrilled that our digital BGA solution is now available to Smart Choice agencies and their advisors to help grow their insurance businesses."
(Source – Cision PR Newswire)
Covr Pro also comes with expert help from the Covr team as well as self-service tools and real-time rates from top insurance companies. Independent advisers who aren't insurance specialists can direct clients to Covr Assist for assistance with all aspects of coverage.
Joe Fisher, Chief Operating Officer of Smart Choice, remarked, "Smart Choice is thrilled to bring Covr's state-of-the-art digital insurance platform to our agencies." He further remarked, "Insurance solutions are an important part of building business, and the Covr Pro platform makes the process fast & simple."
(Source – Cision PR Newswire)
Covr is a web-based insurance platform that makes it simple to safeguard the relationships that matter most. The company's embedded insurance technology enables financial advisors and their clients to research and purchase insurance from well-known life insurance companies without the hassles of the traditional process and, in some cases, in a matter of minutes. This is made possible through partnerships with financial institutions and other national brands.
About Smart Choice
Smart Choice has over 9,000 independent agents and 100 insurance carriers. It is the only no-fee program that provides independent insurance agents with top-rated markets, product training, and sales and marketing support. The company supports and markets new, former captive, and seasoned agents. Meanwhile, its no-fee program gives Smart Choice Agents access to its bimonthly magazine and business solutions center.