During the pandemic, a toxic combination of business disruption and economic uncertainty strained the relationship between small businesses and their commercial lines insurers, causing customer satisfaction to fall for the first time in seven years beginning in 2020. That trend has reversed, according to the J.D. Power 2022 U.S. Small Commercial Insurance StudySM, which was… Continue reading Small Business Insurance Customer Satisfaction Bounces Back: JD Power
Tag: business insurance
InsurTech Sayata Raises $35 Million in Series A Funding for Business Insurance
Sayata, an insurance broker and carrier marketplace, raised an extra $35 million for its Series A round after receiving $17 million in August. The extension was spearheaded by Pitango Growth and Hanaco Ventures, with prior investors Team8 Capital, Vertex Ventures, Elron Ventures, and OurCrowd joining in. The fresh capital comes after the Boston-based company’s revenue… Continue reading InsurTech Sayata Raises $35 Million in Series A Funding for Business Insurance
Nationwide Offers Business Prime Members Coverage Tool to Provide Protection
Protecting their business – it’s at the top of every small business owner’s mind. While they know it’s very important to ensure their business has all the insurance protection it needs, oftentimes the day-to-day needs of their companies take priority. To help them assess their business’s protection needs, Nationwide is offering its Coverage Assistant tool… Continue reading Nationwide Offers Business Prime Members Coverage Tool to Provide Protection
Embroker Raises $100 Million to Expand Business Insurance Platform
Embroker, the digital business insurance platform making it radically simple to get insured, today announced it has secured $100 million in Series C funding. The funding round was led by FTV Capital with additional investment from HSCM Bermuda and Gaingels and follow on from Tola Capital, Canaan Partners, Bee Partners, and MassMutual Ventures. Embroker plans… Continue reading Embroker Raises $100 Million to Expand Business Insurance Platform
Next Insurance Announces Tailored Commercial Property Coverage for Small Business Owners
Next Insurance, the leading digital insurtech company transforming small business insurance, today announced a significant milestone in its journey to become the one-stop-shop for business owners across the US. The availability of commercial property is the final step necessary to provide full comprehensive coverage via the Next Insurance platform. Bolstering its already existing tools and… Continue reading Next Insurance Announces Tailored Commercial Property Coverage for Small Business Owners
Chubb Issues New Resources to Help Clients Keep Homes and Businesses Dry
To help protect clients and their properties from the growing risk of water damage, Chubb is issuing two new resources created specifically for personal and commercial insurance clients. Being proactive is the best way to help combat internal water-related risks in the home,” said Fran O’Brien, Division President, Chubb North America Personal Risk Services. “Without… Continue reading Chubb Issues New Resources to Help Clients Keep Homes and Businesses Dry
Alliant’s Chris Chang Dumortier Named a Business Insurance Woman to Watch
Chris Chang Dumortier, Executive Vice President with Alliant Insurance Services, has been named one of 2019’s Women to Watch by Business Insurance. An established real estate and hospitality broker, Chang was honored for her vast industry expertise, masterful contract negotiations, and development of risk mitigation strategies in a niche practice. “Chris’ talent and expertise truly… Continue reading Alliant’s Chris Chang Dumortier Named a Business Insurance Woman to Watch
Dorian and Imelda are the 2019 Atlantic Hurricane Season’s Most Damaging U.S. Storms: I.I.I.
The 2019 Atlantic hurricane season is about to conclude with 18 named storms, six hurricanes and three major hurricanes (Category 3 or higher), according to the Insurance Information Institute (I.I.I.). One tropical storm — Imelda—and two hurricanes—Barry and Dorian—made landfall in the U.S. during the six-month hurricane season, which officially ends on Nov. 30. “This… Continue reading Dorian and Imelda are the 2019 Atlantic Hurricane Season’s Most Damaging U.S. Storms: I.I.I.
Utility SoCal Edison Agrees to Settlement in 2017, 2018 Fires
California’s second-largest utility company has agreed to pay $360 million to compensate about two dozen local governmental entities for damages and other costs related to a series of fires and resulting mudslides that hit the region in 2017 and 2018. The settlements announced Wednesday show that Southern California Edison, an arm of Edison International, faces… Continue reading Utility SoCal Edison Agrees to Settlement in 2017, 2018 Fires
California Blackouts Force Businesses to Tally Their Losses
The last time PG&E Corp. shut off electricity in the Sierra Nevada foothills city of Placerville, Calif., Pop Art Custom Framing Gallery lost about $8,000 in four days, according to Daniel Anderson, who owns the store with his wife. Now, the power is off again, part of a second wave of intentional blackouts PG&E began… Continue reading California Blackouts Force Businesses to Tally Their Losses