Digital MGA Honeycomb Insurance has begun writing policies in Oregon.
The launch is Honeycomb’s 21st state in a national expansion.
Honeycomb touts its rapid quoting for individual properties and that agents in states supported by Honeycomb can submit full schedules or portfolios using only a physical address to receive an initial eligibility indication.
Honeycomb specializes in tailored property/casualty coverage for landlords and condominium associations. The company is headquartered in Chicago, with offices in the U.S. and Israel. It manages more than $90 billion in insured assets.
Florida legislative committees approved two bills this week that could impact property-casualty insurance in the state. One would put some restrictions on litigation financing and the other would force more transparency on insurers’ payments to managing general agencies.
The bills’ chances of surviving both chambers are far from certain.
Senate Bill 1396, passed by the Senate Judiciary Committee by a vote of 8 to 2, would bar third-party lawsuit funding firms from directing the course of legal proceedings, would prohibit financiers from taking a larger share of awards than is recovered by plaintiffs, and would disallow the securitization or assigning of litigation financing agreements.