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Connecticut Opens Door to Actual Property Insurer Honeycomb

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The Connecticut Insurance coverage Division has given Honeycomb Insurance coverage approval to put in writing insurance policies statewide.

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Honeycomb gives customizable insurance coverage protection for condominium complexes, condominium associations, and single-family rental dwellings. The insurer guarantees technology-enabled and streamlined service, underwriting and pricing for business insurance coverage brokers and actual property prospects.

Honeycomb’s know-how eliminates the necessity for on-site bodily inspections by using aerial pictures, pc imaginative and prescient, synthetic intelligence, and machine studying to evaluate threat. The agency can generate on-line quotes for business bundle insurance policies in minutes.

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With this launch in Connecticut, Honeycomb now operates in 16 states: Arizona, California, Connecticut, Georgia, Illinois, Indiana, Michigan, Massachusetts, New Jersey, North Carolina, Ohio, Pennsylvania, Texas, Virginia, Wisconsin, and Utah.

The Chicago-based firm reviews it insures greater than $21 billion of actual property belongings.

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