NSI Insurance Group, one of the largest privately owned brokerage firms, announced it has acquired Florida-based HoneyQuote.com, a startup insurtech company that matches users with property insurers carriers in real time
NSI, headquartered in Miami, said in a news release that HoneyQuote’s machine-learning algorithm is being used increasingly in the insurance marketplace. The insurtech said it began in 2019, is licensed in Florida and Texas, and has worked with 30 insurance carriers to find coverage for property owners.
The acquisition will help HoneyQuote’s service expand nationwide and offer new products, the company said.
The terms of the deal were not disclosed.
Topics Florida Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Allstate, State Farm Sued Over $4 Billion Maui Fire Settlement 
Fortune 500’s Insured Losses for CrowdStrike Could Reach $1 Billion: Parametrix 
USAA Renter’s Insurance Policyholder Charged with Multiple Counts of Fraud 
Applied Systems Acquires Insurance AI Platform Planck 
