"Migration is something that makes a country grow. They say the Irish migrated and brought the whiskey, the Italians migrated and brought the mafia. It's a joke, don't take it badly." 

– Pope Francis (December 17, 1936 - April 21, 2025).

Dear Pets Best

Progressive is underwriting a new pet insurance product, with filings surfacing in Georgia and North Carolina. The plan is administered by Companion Protect Agency and covers accident and illness for cats and dogs, with the option to add routine care.

New

Protecko (a trademark filed this month) plans to offer insurance coverage for carbon offset projects, ensuring that if a project fails or underperforms—due to risks like forest fires or non-compliance—the company's environmental commitments, such as net-zero goals, are maintained through "in-kind" replacement of lost offsets.

Looking to raise

Pay-per-mile insurance startup Just Insure is targeting a $30 million equity raise in Q2 2025. The startup, which raised ~$20 million to date (excluding debt) and launched in Arizona in 2020, reported $8.7 million in written premiums last year. 

Just Insure is also looking for someone who can visit 10 new agency business locations per day.

🤝

• LeaseLock has partnered with Esusu to add rent reporting to its deposit-free leasing model, allowing renters to build credit by reporting on-time payments. 

• Empathy has partnered with Voya Financial to launch LifeVault, making Voya the first financial institution to adopt the service. LifeVault allows users to store legal documents, designate power of attorney, and securely share essential information. 

• Hippo Analytics, Inc. is now appointed with GEICO.

BOP & BOP

• Distinguished Programs has introduced a Business Owner's Policy (BOP) designed for casual dining restaurants, with or without table service. Available via the Broker Connect portal, the product complements existing restaurant coverages including package, umbrella, and cyber. The A+ XV rated, admitted policy includes protections like business income loss from utility outages, food spoilage, and employee dishonesty. Optional enhancements include liquor liability and data breach coverage. Available nationwide, excluding AK, FL, HI, and NY. 

• MGT Insurance has filed to launch the "Mainstreet Businessowners Program" in California, targeting small and medium-sized businesses. The BOP leverages ISO loss costs and rules, with proprietary exceptions and endorsements including cyber liability, assault and battery, and canine exclusions.

🍋 

Lemonade has withdrawn its approved homeowners forms in North Carolina, citing a change in strategy. The company is now focusing on a new renters insurance program instead.

Investing

MS&AD Insurance Group plans to invest as much as $5 billion to expand in the North American market.

💰

"Through this added commitment, we look forward to enabling technological innovation for the insurance industry with new companies in our communities." 

– Nassau Financial is expanding its Nassau Reimagine program to support early and mid-stage startups with a new $10 million capital commitment.

🪞

iLife Technologies has rebranded as Infras, a technology platform that helps insurance carriers support multiple distributor UIs.

Now Hiring

Acuity Insurance, Foresight Risk & Insurance Services, Inc., Galecki Search Associates, Main Street America Insurance, Mercury Insurance, MGT Insurance, Simply Business, The Hanover.

View all open positions.

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