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Around the P&C Insurance Industry: November 20, 2024

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Around the P&C Insurance Industry: November 20, 2024

Porsche Auto Insurance:
Launched an unlimited insurance product for high-mileage Porsche owners driving over 10,000 miles annually. This complements their pay-per-mile policies, allowing owners to choose fixed premiums or mileage-based options. Multiple vehicles on a single policy can also have mixed coverage.

Safeco Insurance:
Entered a book transfer agreement with Main Street America Insurance, enhancing its personal lines presence in 22 states. Main Street America is shifting focus to commercial lines, including commercial products and bonds.

Resilient Cities Network & Tokio Marine Group:
Partnered to bolster urban resilience projects. The collaboration supports the Resilience Finance Taskforce, helping cities globally scale investment strategies for resilience and climate adaptation.

Skyward Specialty Insurance Group:
Introduced life sciences liability coverage tailored for the life sciences industry, addressing risks such as medical liability, errors and omissions, and general liability. This strategic move supports the complex insurance needs of healthcare innovators.

AAIS Partner Program:
Welcomed Sproutr, offering AAIS members access to tools and services that streamline operations and foster growth in insurance processes.

Duck Creek Technologies:
Opened its second Center of Excellence in Warsaw, Poland, enhancing global customer service capabilities, particularly in Europe, the Middle East, Africa, and the Asia-Pacific regions.

Liberty Mutual & Coursera:
Launched an entry-level course, Insurance Sales Agent, to train learners in risk management, sales, and ethical practices, equipping them for careers in insurance sales.

World Insurance Associates:
Acquired United Counties Insurance Group of Old Bridge, NJ, expanding its regional operations.

Previsico:
Unveiled Instacasting, a flood mitigation solution using rainfall data for real-time surface water flood predictions, enabling faster and more precise response strategies.

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