Brokers News 

Kin raises $47 million to broker homeowner insurance in disaster-prone areas

“In addition to its policy-writing Florida carrier, Kin is a registered managing general agent and brokerage in Texas, Georgia, and Alabama, operating from Chicago (with an office in Tampa Bay)” writes Kyle Wiggers for venturebeat.com. Umbrella policies — plans that supplement the liability coverage offered by homeowner insurance and personal auto insurance — come to around $100 for $1 million in additional coverage.Kin, a Chicago-based startup that aims to match customers in disaster-prone regions with home insurance policies, today announced that it’s raised $47 million in funding from August Capital, with participation from Hudson Structured Capital Management (HSCM Bermuda), Avanta, and UChicago Startup Investment Program.The bulk of its efforts focus on addressing pain points in the home insurance application pipeline, including (but not limited to) pricing, customer care, and underwriting.
 
Source: venturebeat.com



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