The Hartford to Discontinue Writing New Homeowners Policies in California

The Hartford confirmed this week it will discontinue writing new homeowners policies in California. The carrier reportedly has less than 1% of the state’s homeowners market. The Hartford issued the following statement follwing a request for comment for this article: …

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Natural Disaster Protection Gap Returned to ‘Average Levels’ in 2023

Global insured losses from natural catastrophes totaled $118 billion in 2023, according to Aon’s annual Climate and Catastrophe Insight report. That number represented 31% of the total economic loss caused by 398 global natural disaster events. While 2022 saw the …

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ALKEME Acquires Texas-Based Mogul Wealth Strategies

ALKEME announced the acquisition of Mogul Wealth Strategies, a multi-line independent insurance agency and wealth management firm located in Frisco, Texas and serving the entire United States. Founded in 1996, Mogul Wealth Strategies has been serving businesses and high-net-worth individuals …

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Inszone Acquires Kansas’ American Heritage Agency

Inszone Insurance Services announced the acquisition of American Heritage Agency, Inc., a well-established insurance agency that has been serving the Hays community in Kansas since 1999. This marks Inszone’s entry into the Kansas market. American Heritage Agency, Inc. has been …

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People Moves: Aspire in California Adds Gunter as General Counsel

Dale Gunter joined Aspire General Insurance as general counsel. Gunter’s previous role was with National General/Allstate. He has over 30 years of insurance experienced, joining National General Insurance when it was known as Integon Insurance in 1991. Gunter served as …

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Western U.S. States Had Among Highest Car Theft Rates, Report Shows

A new report shows Colorado has the most car thefts, while populous California made the top 10 list. The report’s authors analyzed data from the FBI’s Crime Data Explorer, which showed the amount of motor vehicle thefts in each state …

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Erie Strategic Ventures Backs Wagmo, Roots Automation, Trust & Will

Erie Strategic Ventures, the venture capital arm of Erie Insurance, has announced investments in three new portfolio companies: Wagmo, Roots Automation and Trust & Will. The three investments support startups operating in tech-enabled pet wellness and insurance, AI-powered insurance operations …

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