Branch Insurance News

Branch CEO Lekas Announces Layoffs, Cites Inflation, Loss Costs

Branch Insurance has conducted a round of layoffs, according to a June 8 LinkedIn post by co-founder and CEO Steve Lekas. Lekas did not announce the number of employees who were let go, but cited “ongoing challenges facing the insurance …

Insurance Bundler Branch Raises $147M, Touts Unicorn Status

Columbus, Ohio-based auto and home insurer Branch reported a $147 million Series C funding, which it says brings its valuation to $1.05 billion. Branch, launched in 2019, is a full-stack insurance company that uses data, technology, and automation to make …

Branch Insurance Expands Home, Auto Coverage to Six More States

Columbus, Ohio-based Branch is expanding its home and auto insurance to six new states including Kansas, Kentucky, Nebraska, New Mexico, Utah, and West Virginia. Branch, which specializes in bundled home and auto coverage using technology and automation, has grown from …

People Moves: Branch Names Brizard CBO; Hagerty Adds Ignoto

Branch Names Brian Brizard Chief Business Officer Branch, a full-stack insurance company, has hired Brian Brizard as chief business officer. As Branch continues its nationwide expansion, Brizard’s hiring marks a major investment to the commercial end of Branch’s business and …

Branch Insurance Expands Home, Auto Coverage to Colorado, Oklahoma

Columbus, Ohio-based Branch Insurance is now offering its home and auto insurance coverage in Colorado and Oklahoma. The company, which specializes in bundled home and auto coverage using technology and automation, said this expansion is its third state launch of …

Branch Insurance Enters Indiana with Bundled Home, Auto Coverage

Branch Insurance, based in Columbus, Ohio, has expanded into Indiana. Using technology and automation, the company offers bundled home and auto insurance online. Branch’s entry into Indiana marks the company’s sixth statewide launch since its founding. Branch said it intends …

Home, Auto MGA Branch Plans Conversion to Reciprocal Exchange After Raising $24M

Branch, an insurtech startup focused on bundling digital home and auto insurance, is eying national expansion through 2021 after nailing down $24 million in new financing. The managing general agent (MGA) also plans to add a reciprocal exchange to its …

Branch Launches Personal Lines Insurance Discount Program in Missouri

Columbus, Ohio-based technology-based personal lines insurance provider, Branch, has launched its My Community Discount program in Missouri. Through the program, clients can “save on their insurance premiums by inviting friends and family to quote with and join the Branch community,” …

More Midwest Insurers Offering Auto Premium Relief to Insureds

More Midwest-based insurers are offering premium payment relief to their auto insurance customers as a result of the COVID-19 health crisis. Branch Insurance, Grange Insurance, Indiana Farm Bureau Insurance, Ohio Mutual Insurance Group and Westfield Insurance are among the Midwest-based …