Hagerty News

Markets/Coverages: The Hanover, Hagerty Partner to Provide Collector Car Protection

The Hanover Insurance Group announced a collaboration with Hagerty to provide specialized insurance for classic cars. Hanover Collector Car, powered by Hagerty, combines the total account protection The Hanover is known for with Hagerty’s expertise in collector vehicle claims and …

Collectors Feel Relief as Classic Cars Evade Trump’s Auto Tariffs

President Donald Trump’s sweeping tariff plan has rocked global markets. But one turgid addendum issued by US Customs and Border Protection just after his April 2 tariff pronouncement provided relief for those in the collectible car business: Vintage cars would …

Hot Oldies, But Goodies in Collector Car Market for 2023: Hagerty

Classic car buyers in 2023 will want a diverse range of vehicles, including microcars, muscle cars, sport cars, and even exotics, according to specialty insurance provider, Hagerty. Hagerty released its 2023 U.S. Bull Market list, an annual collection of enthusiast …

How to Insure the World’s Most Expensive Car? Hint: Like a Piece of Art

On May 5, a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe sold for $142 million during an auction at the Mercedes-Benz Museum in Stuttgart, Germany. It was the highest price ever paid for a car at auction, soundly beating the eight-figure …

People Moves: Branch Names Brizard CBO; Hagerty Adds Ignoto

Branch Names Brian Brizard Chief Business Officer Branch, a full-stack insurance company, has hired Brian Brizard as chief business officer. As Branch continues its nationwide expansion, Brizard’s hiring marks a major investment to the commercial end of Branch’s business and …

Classic Car Specialist Hagerty to Become Public Company in SPAC Deal

Classic car insurance specialist Hagerty is planning to go public in a deal with special purpose acquisition company Aldel Financial Inc. Upon the closing of the transaction, Aldel will be renamed Hagerty, Inc., and become publicly traded, with its common …

Hagerty and State Farm Partnering on Classic Vehicle Insurance

State Farm is collaborating with Traverse City, Michigan-based Hagerty to introduce a new insurance product for classic vehicles, State Farm Classic+, beginning in 2022. Hagerty is an automotive lifestyle brand and a provider of specialty insurance for classic, vintage and …

Hagerty Names 2 to Top Roles to Drive Global Automotive Lifestyle Brand

Hagerty, the specialty and classic auto insurance managing general agency, sees itself as more than an insurance provider. The company says it is an “automotive lifestyle brand” that is getting ready for global growth. To this end, the firm is …

Michigan Auto Insurer Hagerty Adds Hunter as VP, Brand

Hagerty, based in Traverse City, Mich., has added Laura Hunter to its Brand team as vice president of Brand Communications. Reporting to Soon Hagerty, senior vice president of Brand, Hunter oversee public relations, corporate citizenship and external communications. Hunter joins …

Hagerty in Michigan Adds Rabinowitz as VP, Insurance Partners Group

Hagerty, based in Traverse City, Mich., has hired Kevin Rabinowitz to lead its Insurance Partners Group. Working under Hagerty’s Senior Vice President of North American Markets Jack Butcher, Rabinowitz will be responsible for what he calls the “substantial growth opportunities” …