American Family Insurance

American Family Insurance | May 04, 2018

Florida-based insurer Main Street America Group plans to merge with American Family Insurance in a deal aimed at geographical and risk diversity along with increased sales, the companies said Friday. Under the merger plan, the combined equity of the companies would be $9 billion. Main Street America would operate as a stand-alone brand within American Family Insurance group, similar to The General and Homesite, two insurers acquired in 2012 and 2013, respectively, by American Family....

American Family Insurance | January 31, 2019

In a big win for insurance companies, the US Court of Appeals for the Sixth Circuit in Ohio has ruled that insurance agents of American Family Insurance (AmFam) are independent contractors and not employees. The ruling reversed an earlier lower court decision that classified agents as employees, making them eligible for pensions and other benefits under the Employee Retirement Income Security Act (ERISA). If the appeals court had upheld that ruling, American Family could have potentially been on...

Insurance Business Magazine | January 16, 2020

Insurance start-up battleface, which provides travel insurance for unconventional travelers worldwide, has announced that it has successfully closed a seed funding round with backing from strategic and venture capital investors. Fintech Ventures Fund has invested in battleface, joining Greenlight Re and Tangiers Group. The investment will be used to expand software development, hire sales and business-development personnel, and expand battleface’s global reach, the company said. “We ...

Aon | January 15, 2020

Global insurance brokerage and professional services firm Aon has officially completed its acquisition of CoverWallet, a US-domiciled digital insurance platform for small and medium-sized enterprises (SMEs). Now finalized, the deal enables Aon to expand its position in the fast-growing commercial insurance market for SMEs. The brokerage giant will also be able to leverage CoverWallet’s technology and data & analytics capabilities to develop and scale innovative digital client experienc...