AIG subsidiary Blackboard Insurance has received approval to operate its commercial insurance package in Virginia, expanding the list of approved states and territories to 47.
Blackboard was formed in 2017 when AIG opted to rebrand a newly purchased US technology-focused firm.
The Blackboard vision is to reimagine commercial insurance through digital technology, data analytics, and automation.
Blackboard’s commercial insurance package includes property, general liability, auto, and umbrella across the manufacturing, real estate, retail, wholesale and services industries.
“We’re excited for the momentum we’ve built over the last six months, with the latest example being the addition of Virginia to our list of approved coverage states,” said Seraina Macia, Chief Executive Officer of Blackboard.
“We continue to forge ahead on our mission to transform the way brokers and customers experience commercial insurance – from quotes and underwriting to claims and payments.
“Since the launch of our insurtech startup in 2017, we’ve brought together industry experts, data scientists and technology professionals to build a next-generation insurance platform to better serve the evolving insurance needs of middle market businesses, both now and in the future.”