Breaking News
bolt Launches VTRO to Bring More Insurance Choice to California Homeowners
bolt, the insurtech with the world’s largest technology-enabled insurance exchange, today announced the launch of VTRO, a new homeowners insurance offering developed by bolt with policies underwritten by an A.M. Best “A” and Standard & Poor’s “A+” rated carrier. VTRO brings a much-needed option to a market where homeowners have struggled to find protection.
According to McKinsey & Company, the state faces a homeowners insurance shortfall of more than one trillion dollars, creating a coverage gap that has left many residents dependent on the California FAIR Plan, the state’s insurer of last resort. VTRO provides a dependable alternative with comprehensive coverage designed to restore confidence in their protection.
“bolt is introducing a smarter path forward,” said Jon Walheim, CEO, North America at bolt. “Our smart water sensor program helps reduce preventable losses that add cost and strain to the system. These connected sensors detect leaks early and alert homeowners in real time, helping to reduce the risk of costly damage and claims by up to 40 percent. Preventing those losses allows more efficient and sustainable coverage for the catastrophic risks Californians worry about most.”
VTRO’s mission is to help close California’s protection gap by providing homeowners with reliable coverage options in a challenging market and strengthening the state’s insurance system for the future through proactive prevention and lasting protection. VTRO policies are now accessible to thousands of licensed agents across the state through bolt’s digital platform, representing the largest licensed distribution network in California.
People In This Post
Companies In This Post
- Checker Raises $8M from Galaxy Ventures, Al Mada Ventures and Framework Ventures to Unify Fragmented Digital Asset Markets for Institutions Read more
- SBS’s Digital Branch Mobilises UK Banking Read more
- Federato Appoints Yogesh Sapre as Chief Revenue Officer Read more
- Zip US and InComm Payments Bring Flexible Payments to Gift Cards, Giving Shoppers a New Way to Pay Read more
- Huntington Bank Joins CHIPS® for High-Value Payments Read more
Zurich Scales Agentic AI to Five Countries in 90 Days Cutting Manual Risk Processing Time by 80%
Zurich Insurance has completed a breakthrough 90‑day deployment of Cytora’s agentic AI‑powered risk digitization platform across five countries. The programme will now scale to more than 20 markets over 16 months.
Preventable Filing Delays Cost P&C Insurers $72.8 Million per day, ZestyAI Analysis Finds
A wide-ranging analysis of P&C filings by ZestyAI has found that the regulatory delays costing insurers tens of millions of dollars each day are predictable, compounding, and largely preventable.
LexisNexis Risk Solutions Launches AI-Driven Location Intelligence for U.S. Home Insurance Carriers to Improve Property Risk Assessment
LexisNexis® Risk Solutions announced the launch of LexisNexis® Location Intelligence for Home, an AI-driven predictive model
Medical Assurance Company of Mississippi Selects OneShield Market Solutions to Power Core System Modernization
OneShield announced that the MACM has selected OneShield Market Solutions as its full-suite core platform
New Platform From Resilience Brings Portfolio-Level Cyber Risk Visibility to Complex Organizations
Resilience announced the launch of Resilience Arc, a new cyber risk management platform purpose-built for multi-entity organizations
Ascend and Honor Capital Announce Agreement to Merge, Creating the First Complete Financial Operations Platform for Insurance
Ascend and Honor Capital entered into a definitive agreement to merge to will be the industry's first fully vertically integrated financial operations platform
Pro Global Strategically Strengthens Its Offering in Latin America to Support Growth and Increasing Operational Complexity in the Insurance Market
Pro Global announces a strategic strengthening of its value proposition in Latin America, consolidating a range of specialised services already within its portfolio
Checker Raises $8M from Galaxy Ventures, Al Mada Ventures and Framework Ventures to Unify Fragmented Digital Asset Markets for Institutions
Checker, a global network that enables financial institutions to plug into stablecoins and digital asset liquidity, cross-border payments, treasury, and credit via a single API, announced today that it has raised $8M in funding from Galaxy Ventures, Al Mada Ventures, and Framework Ventures. Additional participants include strategic financial institutions, such as Bitso and Airtm in Latin America, DFS Lab in Africa, and Onigiri Capital, SNZ Capital and Velocity in Asia. Additional investors include fintech operators from Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage, Superstate, and more.
SBS’s Digital Branch Mobilises UK Banking
SBS, the global financial technology company that more than 1,500 financial institutions rely on to digitally transform the way they operate, has launched Digital Branch, a cloud-native, tablet-based branch servicing platform that replaces legacy teller systems for UK building societies and banks. Now, institutions can keep branches economically viable and regulatorily compliant at a time when more than 6,000 UK bank branches have closed since 2015.
Federato Appoints Yogesh Sapre as Chief Revenue Officer
Federato, the AI-native platform that changes the way insurance work gets done, today announced the appointment of Yogesh Sapre as Chief Revenue Officer (CRO).
Zip US and InComm Payments Bring Flexible Payments to Gift Cards, Giving Shoppers a New Way to Pay
Zip (ASX: ZIP), the digital financial services company offering innovative, people-centered products for everyday Americans, and InComm Payments, a global payments technology company, today announced a partnership that brings installment buying to the gift card category. Through the integration, eligible shoppers can purchase popular gift card brands directly in the Zip app.
Huntington Bank Joins CHIPS® for High-Value Payments
The Huntington National Bank has joined the CHIPS® network, the largest private-sector U.S. dollar clearing and settlement system in the world, to clear and settle high-value domestic payments.
Wego Introduces Stablecoin Payments Through Partnership with Triple-A for Flights and Travel Bookings
Wego, the number one travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), has partnered with Triple-A, a global payment institution, to introduce stablecoin payments for travel bookings, further expanding the range of payment options available to travelers booking flights and other travel services.
FIX Releases DeFi Manual for TradFi
The FIX Trading Community, the industry association that manages the world’s trading language, the FIX Protocol, has released a comprehensive manual on digital assets and blockchain technology for finance professionals – Blockchain Basics.