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Coverager is the ultimate resource for insurance innovation, dedicated to producing and collecting insights on key issues that matter to insurance leaders. We emphasize technology, strategy, and alternative distribution, providing tailored research and analysis with a unique perspective for businesses looking to learn from history and grasp current trends to make informed future decisions. Our approach is built around three core elements: News, Knowledge, and Network.

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Tarci goes dark

1 day ago | coverager.com | Shefi Ben-Hutta

Three months after Tarci CEO and cofounder Leetal Gruper introduced AskTarci—an AI-powered chat tool that generated tailored prospect lists using Tarci’s proprietary business data engine—the site is now offline. According to her LinkedIn profile, Gruper has since moved on and is now building a new stealth startup as of May 2025. Founded in 2019, Tarci helped companies sell to SMBs by delivering dynamic data through its Continuous Intelligence Engine.
FOXO raises $1.5 million

1 day ago | coverager.com | Shefi Ben-Hutta

FOXO Technologies has entered into a securities purchase agreement with existing institutional investors to issue up to 1,650 shares of Series A Preferred Stock in three closings, starting June 4, 2025. The deal will generate $1.5 million in net proceeds, after deducting $150,000 in investor costs. The funding supports FOXO’s efforts to complete an acquisition and continue improving its financial position.
Assurant partners with Ciocca Automotive

3 days ago | coverager.com | Shefi Ben-Hutta

Assurant has partnered with Ciocca Automotive, a dealership group with 54 locations across New Jersey and Pennsylvania, to offer vehicle protection products and in-dealership training. In addition to Assurant’s Vehicle Care line, the partnership includes compliance support and dealership development services to help Ciocca grow its retail performance and operational infrastructure. “Ciocca Automotive is a top-notch organization with a customer-centric, growth-focused company mindset.
Aviva Canada appoints chief claims officer

4 days ago | coverager.com | Shefi Ben-Hutta

Aviva Canada announced the appointment of John Lally as Chief Claims Officer at Aviva Canada, effective June 2, 2025. Lally will be part of Aviva Canada’s Executive Committee and report directly to Chief Executive Officer Tracy Garrad. Lally joined Aviva Canada in 2010 and has held a range of broad and strategic roles across finance and claims over the years.
Insurer invests $13M to automate customer service with Verint

5 days ago | coverager.com | Gabriella Ben-Hutta

A U.S. insurer is investing $13 million in Verint to deploy AI-powered bots across its customer service operations. The tools will support 6,500 agents initially, with plans to scale to 12,000. The move is expected to increase supervisor capacity by 50% and boost agent capacity by 25%. Verint says the automation could deliver a return more than 10x the investment.
Openly is working on a car insurance product

5 days ago | coverager.com | Avi Ben-Hutta

Based on two job openings, home insurance startup Openly is getting into the car insurance space. The startup is hiring claims professionals “to spearhead the design, implementation, and leadership” of its new auto claims team. Founded in 2017, Openly offers coverage in 24 states in partnership with Rock Ridge and MS Transverse, and it also owns a licensed carrier. The startup generated $360 million in written premiums in 2024.
Burns & Wilcox appoints new leaders in New York & Chicago offices

1 week ago | coverager.com | Gabriella Ben-Hutta

Burns & Wilcox has announced leadership changes in its New York and Chicago offices. In New York, Alex Gargano has been appointed as Managing Director. He brings over 30 years of experience, including roles at Vault as Senior Vice President of Underwriting E&S and nearly two decades at AIG in various leadership positions. Gargano will oversee operations across New York and the Tri-State area, reporting to Doug Legters, Regional Vice President for the Northeast.
SageSure has submitted a Form D to the SEC

1 week ago | coverager.com | Shefi Ben-Hutta

SageSure has raised ~$70 million in a private equity offering, according to a recent SEC Form D filing signed by company president Terrence M. McLean. SageSure, a team of 813 (according to LinkedIn), is a privately held insurance company and MGU headquartered in New Jersey.
Itochu to enter U.S. insurance distribution business

1 week ago | coverager.com | Gabriella Ben-Hutta

Churchill Innovative Holdings ITOCHU Corporation Neo Insurance Solutions Japanese trading house ITOCHU Corporation has announced its entry into the U.S. retail insurance distribution market through a partnership with the Neo Group.
If P&C Insurance partners with Socotra

1 week ago | coverager.com | Gabriella Ben-Hutta

Swedish insurer If Insurance has introduced a new car-sharing insurance product using Socotra ‘s cloud-based platform. The product was developed and launched in five months, integrating with If’s existing systems for payments, claims, accounting, and reporting . This insurance offering is tailored for car-sharing platforms, providing features such as on-demand coverage, usage-based pricing, and options for deductible reduction.