online small business insurance News

Workers’ Comp Insurtech Pie Insurance Raises $11 Million

Pie Insurance, an online seller of workers’ compensation policies to small-and-medium-sized businesses, reported it has completed an $11 million Series A funding round. The company, a full stack managing general agent (MGA) operation, currently offers its online buying process that …

Bunker, Startup Broker for Small Business, Contractor Insurance, Raises $6 Million

Bunker, a startup digital insurance broker focused on independent contractors and small businesses, has raised $6 million in Series A funding that will help fuel product development and expansion. Hiscox and American Family are among the backers. Omidyar Network, a …

OnDeck’s Hobson Named CEO of Online Small Business Insurance Platform Attune

Attune, the data-enabled small business platform established by American International Group, Hamilton Insurance Group and affiliates of Two Sigma Investments has named James Hobson, currently chief operating officer of online small business lender OnDeck, to be its chief executive officer. …

Small Business Insurance Site CoverWallet Pulls In $7.8 Million in Funding

Online commercial insurance agency CoverWallet announced it has received $7.8 million in funding in a Series A round led by Union Square Ventures, bringing its total raised to date to $9.5 million. In addition to Union Square Ventures, Index Ventures …

Starr Launches Site Selling Directly to Small Businesses

Starr Companies has joined a growing roster of insurers selling insurance directly to small business owners online with its launch of Starr Insure. The new digital agency currently offers property/casualty business owner coverages for distributors, retailers, artisan contractors, medical offices, …

Could Allstate’s ‘5 Minute’ Small Business Policy Transform Commercial Lines Sales?

At a time when technology startups are also targeting the small commercial insurance market, giant Allstate has debuted a hi-tech business insurance quoting platform that it says makes it possible for small business owners to buy a policy in about …

Hamilton, AIG, Two Sigma Small Business Platform to Launch Q4

American International Group Inc., Hamilton Insurance Group Ltd. and affiliates of Two Sigma Investments plan to launch Attune, a technology-enabled platform to serve the $80 billion U.S. small to medium-sized enterprise (SME) commercial insurance market. The launch is scheduled for …

CoverHound Small Business Commercial Suite Goes Live

Online personal insurance seller CoverHound is adding business insurance offerings— including workers’ compensation and commercial auto— to its online platform at CoverHound.com. The site is starting by focusing on small businesses with fewer than 20 employees and plans to gradually …

Online Agency Insureon Secures $3B in Capacity from Lloyd’s to Launch MGA for Small Business

Insureon, an online agency for small business insurance, has formed a new managing general agency (MGA), Insureon Underwriting Managers, which will operate as a division of Insurance Noodle, the company’s wholesale brokerage subsidiary. The new MGA will target hard-to-place coverage …

Why Small Commercial Lines May Not Be So Bright for Agency Carriers

As more small business owners become comfortable buying everything including insurance online, exclusive agent carriers will gain an advantage over independent agency carriers in the highly-fragmented and increasingly competitive small commercial lines insurance market, according to a new report. Overall, …