Allstate buys SafeAuto: Roundup

June 4, 2021 7:56 AM

Allstate signage on display outside its former company headquarters in Northbrook, Illinois.

Allstate has acquired SafeAuto in a $270 million cash transaction. It will be folded into National General, which Allstate acquired for $4 billion last year. SafeAuto specializes in direct-to-consumer nonstandard auto insurance. “SafeAuto will accelerate our strategy of offering affordable protection solutions by lowering costs and lead to higher growth,” said Peter Rendall, President, National General, Property and Casualty.

Blink by Chubb has partnered with Waffle to disribute the former's personal cyber protection through the latter's digital brokerage. Blink covers expenses related to cyber events like identity theft, fraudulent wire transfer, cyber bullying or extortion from ransomware. “Protecting your digital life is the next frontier of personal insurance,” said Quentin Coolen, Co-founder & CEO of Waffle.

Marble has partnered with aggregator Young Alfred to bring prefilled applications and quotes to users of its insurance rewards wallet app. This will allow users to compare and shop for policies directly through its app, the companies say. "Marble is applying the same type of consumer-centric innovation we've seen in the fintech space to insurance, by offering a novel digital wallet and rewards experience -- the concept is really taking off," said David Stasie, co-founder & co-CEO of Young Alfred. "We are excited to partner with Marble and leverage our APIs to help their users easily compare and purchase insurance digitally."

Toyota is launching a privacy portal to help customers have more control over their connected-vehicle data. Users will now have the ability to choose which parties they want to share their data with and why, including for insurance purposes. If a user opts out of data sharing that will impact a specific service, they will receive a warning message letting them know exactly how this decision impacts their services and subscriptions. "Toyota strictly adheres to the Automotive Consumer Privacy Protection Principles we've established in partnership with 19 other automakers," said Zack Hicks, executive vice president and chief digital officer at Toyota Motor North America. "Part of that commitment is transparency around the collection and processing of connected vehicle data. We are proud to further enhance our level of transparency with the release of Data Privacy Portal, giving consumers a clear sense of when and how their data is used."