• Vehicle Insurance

    High Definition Vehicle Insurance (HDVI) Group Announces New Relationships with Munich Re Specialty Insurance and Spinnaker Insurance Company; Launches in Four New States

    CHICAGO (PRWEB) March 25, 2021 High Definition Vehicle Insurance (HDVI) Group, the next-generation commercial auto insurance business, today announced new relationships with Munich Re Specialty Insurance and Spinnaker Insurance Company as well as expansion into four new states, signaling the company’s early momentum in providing innovative solutions for the trucking insurance market. Currently available in Tennessee and Alabama, HDVI is also launching in Illinois, Indiana, Ohio, and Minnesota, with additional states coming soon. Last year, HDVI announced that it had raised $16 million in Series A funding led by 8VC and Munich Re Ventures, the venture  

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  • Vehicle Insurance

    One80 Intermediaries Extends Specialty Areas to Include Retail Vehicle Insurance Programs With the Acquisition of Edward E. Hall and Company

    BOSTON, Feb. 23, 2021 /PRNewswire/ — One80 Intermediaries (One80), a national wholesale broker, program manager, third-party administrator (TPA), warranty and lender-based insurance provider, and insurance aggregator headquartered in Boston, today announced that it has acquired Edward E. Hall and Company, a New York-based managing general underwriter that specializes in property and casualty products that are designed for the retail vehicle industry. Terms of the deal were not disclosed.      Established in 1866, Edward E. Hall and Company (EE Hall) has specialized in commercial insurance for the retail vehicle industry for over 20 years. The company offers a broad  

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  • Home Insurance

    AM Best Downgrades Credit Ratings of First American Property & Casualty Insurance Company and First American Specialty Insurance Company

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has downgraded the Financial Strength Rating to B++ (Good) from A (Excellent) and the Long-Term Issuer Credit Ratings to “bbb” from “a” of First American Property & Casualty Insurance Company and First American Specialty Insurance Company, collectively referred to as First American PC Companies (FAPCC). The outlook of these Credit Ratings (ratings) has been revised to negative from stable. These companies are domiciled in Santa Ana, CA. The ratings of FAPCC no longer include partial rating enhancement from its parent due to the parent’s initiation of a process to sell its property/casualty business,  

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