May 6, 2021

Agency

Elks create new insurance agency brand to ProtectALL | Local News

When Ohioans hear the Elk family name, they typically think of the personal injury firm headquartered in Cleveland. But siblings Lexy and Ryan Elk, children of Art Elk, who is managing partner of Elk & Elk, are determined to make their name in the insurance industry.

In 2018, they were introduced to several Nationwide insurance agents that needed a succession plan after the Columbus-based insurance company decided to transition to being a fully independent agency carrier, with 99% of Nationwide’s former agents transitioning to its independent agency channel. This transition was completed July 1, 2020.

Inspired by the potential of

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Hiltzik: USPS 10-year plan wrongly treats agency as business

The 10-year master plan for the U.S. Postal Service unveiled Tuesday by Postmaster General Louis DeJoy looks as though it will achieve his objective of placing the service on a sound business footing for a decade.

The plan would do everything that comes naturally to a hard-nosed business executive. That’s the bad news. The plan would stretch out mail delivery deadlines, raise postal rates (perhaps steeply), cut back on post office hours and close branches.

The worse news is inherent in these changes, taken all together. It’s that they reflect the notion that the USPS should be “run like a

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Home Insurance Agency Hippo to Go Public in $5B SPAC

Hippo Enterprises said it will go public through a merger with a blank-check firm, backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, in a deal that gives the merged entity a pro forma enterprise value of $5 billion.

Founded in 2015, Palo Alto-based insurance technology startup Hippo sells homeowners insurance online. It raised $350 million at a valuation of around $1.65 billion in its latest funding round last November, according to data from Pitchbook.

The deal with special purpose acquisition company (SPAC) Reinvent Technology Partners Z will include a private investment of about $450 million.

Hippo acquired home

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