W.R. Berkley Corp. member company Berkley One is debuting a Recreational Marine product, along with enhancements in five states. InsurTech startup Bold Penguin added Ohio-based State Automobile Mutual Insurance Co. (State Auto) to its platform, expanding its commercial auto insurance offering,
W.R. Berkley Corp. member company Berkley One division is debuting a Recreational Marine product, along with enhancements in five states.
Berkley One provides insurance for high net worth individuals and their families.
Recreational Marine insurance has been offered by Berkley proper for decades, so the Berkley One debut is essentially a relaunch. Berkley One said it is adding new technology and innovation to the cover, with a continuation of deep customer service. Recreational Marine launches in Connecticut, with additional states to follow. It is offered through agents with a Recreational Marine appointment with Berkley One.
In addition, Berkley One extends its existing lineup of products in Colorado with the addition of Flood, Excess Flood and Roadside Assistance for Auto Suite clients, enhances home coverage in New York and introduces pricing enhancements for home and automobile coverages in Massachusetts, Ohio and Pennsylvania.
InsurTech startup Bold Penguin – a commercial insurance technology provider – added Ohio-based State Automobile Mutual Insurance Co. (State Auto) to its platform, expanding its commercial auto insurance offering launched in March 2020.
This integration allows users of Bold Penguin’s platform access to business use auto coverage through State Auto with other insurance products to be launched in Q3 2020. State Auto currently writes in 33 states with $2 billion in premium. The company offers products in Commercial Auto, Business Owners Policy (BOP), Workers’ Compensation, Middle Market Package, and Farm & Ranch.
Bold Penguin says its commercial insurance exchange has connected over 1.4 million small businesses with insurance products. In addition to Commercial Auto, the platform streamlines the quoting experience for General Liability, Business Owners Policy (BOP), Professional Liability, and Workers’ Compensation.
Source: W.R. Berkley Corp., Bold Penguin