Next Insurance News

Small Businesses Are Burning Out: Survey

According to a recent survey by Next Insurance, small businesses are feeling stressed and frustrated by the state of the economy and inflation. Only 29% of respondents said they felt optimistic about an economic recovery in the next year, according …

Markets: Liberty Mutual Covers ‘Last Mile’ Delivery; Roamly Serves RV Rental Firms; Next Targets Auto Repair Industry

Liberty Mutual Motor Cargo Product Serves ‘Last Mile’ Delivery Market Liberty Mutual Insurance has launched a motor cargo product to serve the emerging last mile and gig economy delivery segments, including the regional operators and individual proprietors that transport goods …

AM Best Assigns ‘Excellent’ Ratings to Insurtech Next Insurance

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to startup Next Insurance US Co., headquartered in Palo Alto, California. The outlook assigned to these ratings is stable. The …

People Moves: FM Global Sets CEO Succession; Berkley Fire & Marine and ArgoPro Name Presidents; Next Insurance Adds M&A Chief

FM Global Appoints Roberts as President, Succeeding Lawson Global commercial property insurer FM Global announced that Executive Vice President Malcolm C. Roberts has been appointed president and elected to the company’s board of directors, effective Aug. 1, 2021. He will …

Next Insurance Funding Hits $881M After Latest $250M Round

Next Insurance raised $250 million in new venture financing – a major cash infusion after a year of acquisitions and other actions to further growth. FinTLV Ventures and Battery Ventures led the Series E financing round. CapitalG, Group 11, Zeev …

Next Insurance Targets Businesses That Sell and Buy on Amazon

In partnership with Amazon, digital small business insurer Next Insurance is offering insurance to businesses that are buyers or sellers on the popular Amazon e-commerce site. The insurer is targeting members of Amazon Business Prime that use Amazon as their …

Next Insurance to Acquire Affinity Agency AP Intego

Digital commercial insurance company Next Insurance has agreed to acquire AP Intego, a Massachusetts-based digital insurance agency providing small commercial insurance products. Through its platform, AP Intego offers property/casualty insurance including pay-as-you-go workers’ compensation to the small business customers of …

Next Insurance Buys Data Firm Juniper Labs to Enhance Workers’ Compensation Offering

Digital small business insurer Next Insurance has closed its first acquisition, buying Juniper Labs, a Denver-based provider of data and underwriting technology. With the acquisition, Next said it will focus on innovation in workers’ compensation and general liability product offerings …

Next Insurance Expands Workers’ Compensation to 24 Additional States

Next Insurance, a digital insurtech company focused on small business insurance, has expanded its workers’ compensation offering to 24 additional states, bringing the total number of states it offers coverage in to 30. The additional states include: Alaska, Arizona, Arkansas, …

Next Insurance Adds 24 States to Its Workers’ Compensation Market Map

Next Insurance has expanded its workers’ compensation offering into 24 additional states, including Arizona, Connecticut, South Carolina, Indiana and Virginia. The digital small business insurer said that the coverage is now available in 30 states overall, increasing its workers compensation …