Business owner's policy

Rainbow Launches Restaurant Insurance Program in California Amidst Market Distress

Retrieved on:

Wednesday, February 28, 2024

SAN, Business owner's policy, Small business, Businessperson, Insurance, Policy, Risk management

SAN FRANCISCO, Feb. 28, 2024 /PRNewswire/ -- Rainbow, a digitally-enabled managing general underwriter building tailored small business insurance products, has announced launching its admitted restaurant insurance program in the state of California.

Key Points:

SAN FRANCISCO, Feb. 28, 2024 /PRNewswire/ -- Rainbow, a digitally-enabled managing general underwriter building tailored small business insurance products, has announced launching its admitted restaurant insurance program in the state of California.
Rainbow's entrance into one of the largest insurance markets in the world comes at a time when many incumbent carriers have significantly pulled back their offerings in California, or exited the market entirely.
Insurance agents will benefit from Rainbow's bespoke restaurant program and leading customer service, which will stand out in a market starved of available capacity.
With California, Rainbow is now live in 15 states across the country with its Business Owner's Policy.

Tom Ferry, Hub International Join the RE/MAX® Marketplace, Bringing Fresh Content and Savings to Affiliates

Retrieved on:

Thursday, December 7, 2023

Business owner's policy, MAX, HUB, Real estate, Insurance, Businessperson, Compensation, Hub International, Private law, Partnership, RE/MAX, Cyber, Education, Private investigator

DENVER, Dec. 7, 2023 /PRNewswire/ -- RE/MAX, LLC, a global leader in real estate franchises, is pleased to announce the expansion of its Approved Supplier Program with two new vendors specializing in education and insurance.

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By collaborating with carefully selected vendors, RE/MAX empowers affiliates to concentrate on their core proficiency – serving buyers and sellers.
New members of the RE/MAX Approved Supplier program in the U.S. include:
Tom Ferry International will offer premier coaching content to RE/MAX affiliated agents.
The Tom Ferry content will contribute to the already-robust portfolio of educational content available to RE/MAX affiliates and aims to equip agents to navigate changing markets.
RE/MAX affiliates will gain access to a selection of both complimentary and paid Tom Ferry International content through the RE/MAX Marketplace, and on RE/MAX University®, the exclusive learning management system of RE/MAX.

Small Business Owners Join Forces to Protect Electronic Payments System, Oppose Bad Policy

Retrieved on:

Wednesday, November 8, 2023

Business owner's policy, Policy, Small business, SBPA, Government, Congress, Legislation, Credit card, Risk, Collateral damage, CCCA, Bank, Online shopping

WASHINGTON, Nov. 8, 2023 /PRNewswire/ -- A group of independent small business owners, entrepreneurs, and tradespeople have joined forces and formed the Small Business Payments Alliance (SBPA) to advocate on behalf of a modern, safe and secure electronic payments system that supports their businesses. The SBPA was formed in the wake of proposed changes to the electronic payments system that threaten to reduce credit card payment security, access and benefits. The alliance held its first gathering in Washington, DC this week to ensure that Congress hears directly from the small businesses that would be hurt by the new Durbin-Marshall bill, the so-called "Credit Card Competition Act" (CCCA).

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Small Business Owners and Entrepreneurs Come Together in New Coalition to Stop New Durbin-Marshall Bill, So-Called "Credit Card Competition Act"
WASHINGTON, Nov. 8, 2023 /PRNewswire/ -- A group of independent small business owners, entrepreneurs, and tradespeople have joined forces and formed the Small Business Payments Alliance (SBPA) to advocate on behalf of a modern, safe and secure electronic payments system that supports their businesses.
Credit card payments provide small businesses with a raft of critical benefits: they enable customer convenience, enhance transaction security, and provide a stream of rewards that small businesses can reinvest in their operations.
From facilitating quick and easy purchases to bolstering consumer confidence with robust security measures, credit cards are integral to the modern small business ecosystem.
"If Congress implements these massive changes to our electronic payments system, it's going to hurt my business and the community we serve.

Applied Announces New Innovation Across Product Portfolio

Retrieved on:

Wednesday, October 25, 2023

Announced at the annual Applied Net conference, the latest advancements support increased integration across the Applied product portfolio to enhance productivity and profitability, simplified user experiences for agents and insureds, and enhanced sales and marketing capabilities to keep customers engaged and connected.

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Announced at the annual Applied Net conference, the latest advancements support increased integration across the Applied product portfolio to enhance productivity and profitability, simplified user experiences for agents and insureds, and enhanced sales and marketing capabilities to keep customers engaged and connected.
Open Applied Benefits Designer from Applied Epic: Access Applied Benefits Designer™ directly from the Applied Epic browser interface with a navigation panel link.
This single sign-on capability will save clicks and prepare agencies for the integration between Applied Epic and Employee Navigator.
“At Applied, we recognize the advantage technology plays in our customers’ success and that is at the forefront of all our decision-making processes,” said Anupam Gupta, chief product officer of Applied Systems.

Rainbow Launches New Admitted Insurance Program Tailored to the Restaurant Industry

Retrieved on:

Tuesday, October 3, 2023

Insurance, Uncertainty, AM Best, Policy, API, POS, Risk management, IX, Appetite, BOP, Accelerant, Sale, Acquisition, SAN, Businessperson, Business owner's policy, Reinsurance, Seamless, Rainbow

SAN FRANCISCO, Oct. 3, 2023 /PRNewswire/ -- Rainbow, a digitally-enabled underwriting company, has announced the launch of the industry's first annual term Business Owner's Policy (BOP) specifically tailored to the restaurant industry and among other payment methods is also available to be billed on a Pay-As-You-Go basis. The company's digital insurance products are available to independent agents and brokers through direct appointment, or via participating digital partners. Rainbow enters the admitted commercial multi-peril market with capacity through Accelerant, which is rated A- Excellent by AM Best (IX Financial Size Category).

Key Points:

The company's digital insurance products are available to independent agents and brokers through direct appointment, or via participating digital partners.
Rainbow enters the admitted commercial multi-peril market with capacity through Accelerant, which is rated A- Excellent by AM Best (IX Financial Size Category).
"The restaurant industry was significantly impacted by the pandemic, and uncertainty around labor supply, food costs and customer behavior still remains," commented Jamie Hankinson, Co-founder and Head of Product at Rainbow.
"There is a huge opportunity with embedding insurance quotes at the source of customer data, especially when obtaining insurance coverage is table stakes in the industry," said Shalom Yiblet, Co-founder and Head of Technology at Rainbow.

Authentic Raises $5.5 Million Seed Round to Launch "Captive in a Box" Insurance Platform

Retrieved on:

Wednesday, September 20, 2023

Insurance, MGV, Software as a service, Franchise Group, Policy, OH, Fintech, Business owner's policy, NAIC, Organization, Fortune 500, Businessperson, SME, BOP, Tourism, Authenticity, Amazon, Clock tower

NEW YORK, Sept. 20, 2023 /PRNewswire/ -- Authentic, a turnkey insurance platform that allows vertical SaaS companies, franchises, and other groups to reap the benefits of captive insurance, announced the close of a $5.5M Seed round. The round was led by Slow Ventures with participation from Altai Ventures, MGV, Upper90, Clocktower, Commerce Ventures, Mischief Ventures, Core Innovation Capital, and prominent insurance executives.

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Authentic's Turnkey Captive Insurance Platform Allows Any Vertical SaaS, Franchise Group, Associations, and Other Organizations to Launch Captive Insurance Programs
NEW YORK, Sept. 20, 2023 /PRNewswire/ -- Authentic , a turnkey insurance platform that allows vertical SaaS companies, franchises, and other groups to reap the benefits of captive insurance, announced the close of a $5.5M Seed round.
With captive insurance, organizations create their own insurance companies instead of buying insurance from a broker or insurance carrier.
Captive insurance provides many benefits, including creating an additional revenue stream for parent companies, tailored insurance coverage, lower insurance premiums, and more.
This mix of technical, entrepreneurial, and insurance experience helped Authentic create the first end-to-end platform that allows SMEs to create captive insurance programs and distribute insurance to its members.

American Business Systems, LLC Partners with RXNT to Provide Top-Rated Billing and EHR Technologies to Medical Billing Companies and Medical Practices

Retrieved on:

Friday, September 1, 2023

Business owner's policy, EVP, ABS, Business, Partnership, Medical billing, EHR, RXNT, Health insurance, Property management

FORT WORTH, Texas, Sept. 1, 2023 /PRNewswire-PRWeb/ -- American Business Systems, LLC (ABS), a leading medical billing training and support company, recently announced a strategic partnership with RXNT, a leading cloud-based Medical Billing and EHR software company. This agreement will enable ABS to provide its clients with best-in-class medical billing training as well as a comprehensive suite of tools for billing and EHR that will help to streamline processes for billing companies and medical practices.

Key Points:

American Business Systems, LLC (ABS), a leading medical billing training and support company, recently announced a strategic partnership with RXNT, a leading cloud-based Medical Billing and EHR software company.
This agreement will enable ABS to provide its clients with best-in-class medical billing training as well as a comprehensive suite of tools for billing and EHR that will help to streamline processes for billing companies and medical practices.
FORT WORTH, Texas, Sept. 1, 2023 /PRNewswire-PRWeb/ -- American Business Systems, LLC (ABS), a leading medical billing training and support company, recently announced a strategic partnership with RXNT, a leading cloud-based Medical Billing and EHR software company.
This agreement will enable ABS to provide its clients with best-in-class medical billing training as well as a comprehensive suite of tools for billing and EHR that will help to streamline processes for billing companies and medical practices.

RXNT to Provide Integrated Medical Billing and EHR Software to American Business Systems, LLC in Strategic Partnership

Retrieved on:

Tuesday, August 29, 2023

Business owner's policy, EVP, ABS, Business, Partnership, Medical billing, EHR, RXNT, Software, Property management

ANNAPOLIS, Md., Aug. 29, 2023 /PRNewswire/ -- RXNT , a leading cloud-based ambulatory software company, today announced a strategic partnership to provide cloud-based software tools for billing companies and medical practices serviced by American Business Systems, LLC ( ABS ).

Key Points:

ANNAPOLIS, Md., Aug. 29, 2023 /PRNewswire/ -- RXNT , a leading cloud-based ambulatory software company, today announced a strategic partnership to provide cloud-based software tools for billing companies and medical practices serviced by American Business Systems, LLC ( ABS ).
ABS is a proven medical billing training and support company located in Keller, Texas, and in business since 1994; through the new partnership with RXNT, ABS will provide their clients with comprehensive, connected Medical Billing and EHR software designed to streamline healthcare workflows.
Third-party medical billing companies like ABS ensure that doctors in private medical practices have dedicated staff committed to dealing with billing, coding, claims, collections, and more.
We look forward to a solid partnership with ABS to help medical practices and billing companies succeed."

New Gallagher Study Reveals Business Owners are Looking for Tailored, Increased Insurance Protection

Retrieved on:

Tuesday, August 8, 2023

Business-related insurance policies in top demand include:

Key Points:

Business-related insurance policies in top demand include:
Business Owners' Policy (BOP): 48% would consider expanding or getting new BOP coverage.
The survey uncovered that business owners – of all generations and company size – have a strong need for tailored business insurance coverage to alleviate concerns.
The study reveals a fundamental truth: regular review and proactive risk management must serve as the compass guiding business owners through uncharted waters.
By diligently assessing insurance coverage and implementing effective strategies, business owners can better chart a course to enhanced confidence and fortified protection.

Franklin Mutual Insurance Group Deploys Guidewire Cloud for Business Growth

Retrieved on:

Monday, July 31, 2023

Franklin Mutual Insurance Group (FMI), a P&C insurance provider for residents and business owners in New Jersey and Pennsylvania, and Guidewire (NYSE: GWRE) announced that FMI successfully implemented Guidewire InsuranceSuite on Guidewire Cloud to power its core business, simplify its IT operations, adapt more quickly to changing market demands, and deliver more value to its agents and policyholders.

Key Points:

Franklin Mutual Insurance Group (FMI), a P&C insurance provider for residents and business owners in New Jersey and Pennsylvania, and Guidewire (NYSE: GWRE) announced that FMI successfully implemented Guidewire InsuranceSuite on Guidewire Cloud to power its core business, simplify its IT operations, adapt more quickly to changing market demands, and deliver more value to its agents and policyholders.
The company migrated InsuranceSuite from a self-managed environment to Guidewire Cloud simultaneously for all lines of business except Business Owner Policy (BOP), which is currently in implementation.
The overall efficiencies provided by Guidewire Cloud have allowed our staff to focus on delivering value to our agents and policyholders to grow our business.”
“We're proud to have helped Franklin Mutual Insurance facilitate this implementation to Guidewire Cloud,” said PwC Managing Director Jay Davidson.
This implementation reaffirms FMI’s commitment to both their customers and their business by providing enterprise agility and scalability for the future.”
“We congratulate Franklin Mutual Insurance on its successful cloud transformation through its InsuranceSuite migration to Guidewire Cloud,” said Guidewire Head of Services Michael Mahoney.