Channel Insurance Brokers

Insurance Business America | March 27, 2020

Insurance companies are being pressured by the federal government to pay for the massive influx of business interruption insurance claims filed in the wake of the COVID-19 pandemic – something the industry is worried could lead to not just insolvencies, but the destabilization of the entire economic landscape. Last week, 18 legislators of the House told insurance trade groups that their members should recognize financial losses triggered by the outbreak as part of their policyholders&rsquo...

Orchid Insurance | June 16, 2020

Orchid Underwriters Agency, LLC (Orchid Insurance), one of the largest independent managing general underwriters (MGUs) focused on catastrophe-exposed residential and commercial lines properties, has today announced the launch of a brand-new MGU called CrossCover Insurance Services (CrossCover). The new MGU will underwrite middle-market commercial property risks for wholesale broker clients beginning early in 2021. It was formed in partnership with veteran property insurance executive Scott Hans...

Core Insurance, Risk Management

Businesswire | July 28, 2023

Socotra, the leading provider of modern, cloud-based solutions for technology-driven insurers, today announced that high-risk homeowners provider Annex Risk is processing business with Socotra. Annex Risk has successfully implemented the true cloud-native insurance policy core platform, Socotra Connected Core, and is now live, offering a digitally-forward approach to close critical coverage gaps in coastal Texas, Florida, and the Eastern Seaboard. Annex Risk’s innovative platform com...

Denver Insurance agency | March 18, 2020

An independent insurance agency in Denver, Colorado, has launched a philanthropic initiative through which referrals for insurance quotes result in a donation to two local charities. The altruistic agency, aptly named Denver Insurance, has called the initiative “Insurance Quotes for Colorado”. Unlike most corporate-sponsored charity drives, where companies try to get customers to raise donations, Denver Insurance is donating on behalf of its customers. All that needs to happen is a r...