California MGU Foresight Expands Commercial Property Offerings

April 30, 2021

San Francisco-based Foresight Risk & Insurance Services is offering new commercial property insurance lines coverages including inland marine, contractors equipment and builders’ risk, which will be offered as a complement to workers’ compensation.

Foresight describes itself as a disruptive commercial insurtech in the middle market segment, with a focus on hard-to-place industries such as construction/trades, solar farms, agriculture, manufacturing, and light industrial.

Coverage is now available exclusively through appointed brokers in all eight states in which Foresight operates: Arkansas, Arizona, California, Louisiana, New Mexico, Nevada, Oklahoma, and Texas. The new offering streamlines the complex commercial placing process, furthering Foresight’s commitment to bringing insurtech value to brokers. Brokers can now place more of their clients’ risk through Foresight.

Foresight says it plans to launch in several key states and add additional commercial lines to its platform later this year. This expansion will allow the company to meet market demand for a safety-driven pricing model in workers compensation coverage.

Foresight, a managing general underwriter (MGU) focuses solely on the middle market, a sector loosely defined by workers compensation policies over $50,000 in premium.

Source: Foresight

Topics California Commercial Lines Business Insurance Insurance Wholesale Property

Was this article valuable?

Here are more articles you may enjoy.