San Francisco, California-based Foresight, a workers’ compensation insurtech focused on the middle market, announced the expansion to include four new class codes and 23 incidental adjacencies to serve more customers in the agribusiness, construction, and manufacturing industry sectors.
New classes of business include: Janitorial and three companion class codes; poultry farming; dairy farms; hog and sheep farming and stock farms; and 23 incidental class codes that enhance Foresight’s existing ability to write businesses such as equipment yards, wineries, farm stores, and stables.
After closing a successful $39 million Series B round—led by transatlantic multi-stage investor OMERS—Foresight indicated that the new investments would fuel continued expansion of its product and talent recruitment strategies.
The firm currently writes in California, Texas, Arizona, Arkansas, Louisiana, Nevada, New Mexico and Oklahoma. They plan to announce expanded state filings later in 2022.
Was this article valuable?
Here are more articles you may enjoy.