"Contrary to the Petition's allegations, every consumer requesting an Arity IQ report or using an Arity-supported telematics application ("app") knowingly and voluntarily agreed to the use of their data, in many cases multiple times."

- If you recall, the State of Texas is suing Allstate and Arity over the alleged improper use of consumer driving data from telematics apps. Arity has fired back, denying wrongdoing.

🍎🍊

American Family's revenue grew to $20 billion in 2024, up from $17.1 billion in 2023.

The company had 13.6 million policies in force at year-end, a 2.8% decline from 2023, as it prioritized core business segments and profitability improvements.

Its combined ratio improved to 96.6% across auto, homeowners, and commercial lines, down from 110.8% in 2023.

Bottom Line: Amazon's ad business generates in a quarter what American Family earns in a year—and you know who works harder.

🤝

Hiscox USA has partnered with Mile Marker as its media agency of record to enhance brand awareness and consideration among key B2B audiences.

💰🐶

PetScreening secured $80 million in Series B funding led by Volition Capital and Guidepost Growth Equity. Serving 7 million rental units, the platform has helped housing providers capture nearly $300 million in pet-related revenue and process 1.3 million assistance animal requests. The company plans to enhance compliance tools, expand its team, and further develop offerings like FidoAlert, TabbyAlert, and BetterPet.com.

Speaking of pet insurance, Costco is doing a good job.

In September 2024, Figo (owned by JAB) announced it had surpassed 200,000 pet insurance policies. The March edition of Costco Connection claims it contributed to half that growth.

By the way, if you know the financial arrangement between Figo and Costco, reach out.

The future of insurance

Outmarket AI raised $4.7 million in seed funding led by Fika Ventures, with support from TTV and Dash Fund.

Founded in 2023, the startup (team of ~6) is building an AI-powered intelligence layer to streamline submissions, quote comparisons, and policy reviews for commercial brokers and carriers.

Bottom Line: The future isn't always an upgrade.

A

Amica filed a trademark application for the stylized letter "A" on March 3, covering charitable services and public awareness initiatives.

⚽

• Intact Insurance is a Founding Partner of the Northern Super League, Canada's first professional women's soccer league!

• Vertical Insure has acquired US Sports Club Insurance (team of ~5) to expand its embedded insurance offerings for youth and amateur sports organizations.

🛑

The State Auto Labs website is down. At its peak, the corporate venture arm of State Auto (now part of Liberty Mutual) invested in startups like Driver Technologies, Cape Analytics, Flyreel, Snapsheet, and Matterport.

Now Hiring

Arch Insurance Group, Berkshire Hathaway GUARD, Galecki Search Associates, Mercury Insurance, Obie, Plymouth Rock Assurance, The Hanover, Travelers. View open positions.

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