RLI | March 10, 2022
Simply Business, Inc., a Boston-based digital insurance agency focused on small businesses, today announced the launch of tailored insurance solutions for home-based businesses. The new offering, RLI Home Business Insurance, is underwritten by specialty insurer RLI and covers home and offsite exposures such as general liability, equipment, furniture, fixtures and inventory. Adequate protection for these risks is not typically provided through standard homeowners' insurance policies.
A record number of new businesses were established in the U.S. last year, and many of those are owned and operated from home, This new offering from RLI is yet another example of the way we listen to our customers' needs and respond with products that help protect, and ultimately grow, their businesses."
David Summers, Group CEO of Simply Business.
We are excited about our partnership with Simply Business, RLI has insured home-based businesses for more than two decades, and we believe the combined expertise of our organizations uniquely positions us to serve small business owners and help protect their livelihoods."
Eric Raudins, Senior Vice President, RLI Transactional Insurance Solutions.
RLI provides tailored home business insurance for a wide range of entrepreneurs, including bakers, photographers, artists, entertainers and more. Coverage is available in all 50 states with limits up to $100,000.
About Simply Business
Simply Business is changing the way small business owners find business insurance by offering customers tailored insurance coverage online. The company began in the United Kingdom and expanded to the United States in 2017, naming Boston home. With over 750,000 customers globally, Simply Business has become a leader in the space through its commitment to a customer-first model, focusing heavily on simplicity, choice and value.
RLI Corp. is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI's products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI's subsidiaries are rated A+ "Superior" by AM Best Company.
Combined Insurance | April 29, 2022
Combined Insurance, a Chubb company and a leading North American provider of supplemental insurance sold both directly to individuals and at the worksite, today announced charitable grants to two nonprofits focused on supporting military service members, veterans, and their families.
The contributions are in keeping with the company's longstanding philanthropic efforts and its enduring commitment to giving back to those who have served the nation. The recipient organizations are:
Luke's Wings, which provides for emergency travel by the families of ill and injured service members, veterans, and fallen officers during hospital recovery and rehabilitation.
Fisher House Foundation, which builds comfort homes at military and VA medical centers so that family members can stay nearby - at no cost - while a loved one is in the hospital.
The grants are part of Operation Veteran Giveback, a nationwide Combined sales competition in which the two highest-performing zone teams earn the honor of selecting a military- or veteran-related grant recipient. The first-place Northeast Zone team (with a market territory extending from Maine to New Jersey) selected Luke's Wings; the second-place South Zone team (encompassing markets from Texas to Kentucky) selected Fisher House Foundation.
We appreciate Combined's continued support of our efforts on behalf of military, veteran, and police families during their most difficult times, It's our mission to reunite heroes with family members, so they can receive critical emotional support during recovery and rehabilitation."
Fletcher Gill, Co-Founder and CEO of Luke's Wings.
By supporting Fisher House, Combined is helping military and veteran family members avoid tremendous out-of-pocket costs for lodging while a service member is in the hospital, We believe that a family's love is good medicine, and our houses help bring loved ones together during critical months of treatment and recovery."
Dave Coker, President of Fisher House Foundation.
In addition to supporting military and veteran-focused nonprofit organizations, Combined is strongly committed to hiring military veterans. The company established its military recruiting program in 2010, and has hired more than 5,500 veterans, military spouses, and their family members since then.
This year's Operation Veteran Giveback program is of special meaning to us at Combined as we celebrate our 100th anniversary this year and honor our company's philanthropic traditions, Each year, our sales teams are proud to compete for the chance to give back to those who have made great sacrifices for the country."
Mat Matarrese, Senior Vice President, U.S. Agency at Combined Insurance.
About Combined Insurance
Combined Insurance Company of America is a Chubb company and a leading provider of supplemental accident, health, disability, and life insurance products in the U.S.* and Canada. Headquartered in Chicago with a tradition of 100 years of success, we are committed to making the world of supplemental insurance easy to understand. The company has an A+ rating by the Better Business Bureau and an A + (Superior) financial strength rating by A.M. Best. We are ranked by VIQTORY as the number one Military Friendly® Employer in 2022 ($1-5 billion revenue category), marking Combined's eleventh consecutive year on the Top 10 list.
CopperPoint | January 31, 2022
CopperPoint Insurance Companies, a western-based super regional commercial insurance company, announced today that AM Best has affirmed the Financial Strength Rating of A (Excellent) for CopperPoint Insurance Company and its subsidiaries with a stable outlook. Alaska National Insurance Company has also been added as a new member to Best's rating for CopperPoint Insurance Group. These ratings reflect the strength of CopperPoint's balance sheet, risk appetite and operating results over the last several years. CopperPoint maintains the strongest level of risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), supported by a conservative investment portfolio, favorable reserve development and strong reinsurance program. AM Best is a widely recognized provider of insurance industry ratings and financial data.
"We're pleased with AM Best's review of our enterprise, the resulting rating affirmation, and the rating agency's inclusion of Alaska National within our rating group. Since its acquisition in 2019, Alaska National has become even more integrated with our family of companies and continues to enhance our already strong balance sheet and operating results, The differentiated expertise of our now over 750 employees, enables us to continue offering best-in-class workers' compensation coverage, comprehensive risk management solutions and an expanded commercial property and casualty product offering, while providing exceptional service to policyholders, injured workers and agency partners."
-Marc Schmittlein, President and CEO, CopperPoint Insurance Companies.
About CopperPoint Insurance Companies
Founded in 1925, CopperPoint Insurance Companies, www.copperpoint.com, is a leading provider of workers' compensation and commercial property and casualty insurance solutions. With an expanded line of insurance products and a growing 26-state footprint, CopperPoint is in a strong position to meet the evolving needs of its agents, brokers, and customers. It has $5.1 billion in total assets and an enterprise surplus of approximately $1.6 billion.CopperPoint Mutual Insurance Holding Company is the corporate parent of CopperPoint Insurance Companies, Pacific Compensation Insurance Company and Alaska National Insurance Company. All companies are rated A (Excellent) by AM Best.
Arthur J. Gallagher | March 25, 2022
Arthur J. Gallagher & Co. today announced the acquisition of Springfield, Missouri-based Commercial Insurance Underwriters, Inc. (CIU). Terms of the transaction were not disclosed.
Founded in 1984, CIU is a surplus lines agency offering commercial, personal and professional lines coverages for businesses and individuals with complex, unique or hard-to-place risks, primarily throughout the upper and lower Midwest. Kim Moore and her associates will remain in their current location under the direction of Matt A. Lynch, head of Central Region-Binding for Risk Placement Services, Inc., Gallagher's U.S. wholesale brokerage, binding authority and programs division.
CIU is a widely known, well-managed agency that enhances RPS's existing presence in the Springfield region, I am very pleased to welcome Kim and her associates to Gallagher."
J. Patrick Gallagher, Jr., Chairman, President and CEO.
Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 68 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.