AIG's Blackboard Insurance receives approval in Virginia

Blackboard Insurance, a subsidiary of American International Group (AIG), has secured approval for its commercial insurance package in Virginia, expanding its capabilities to middle market customers in 47 states and territories.

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.”

Macia added: "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."