Clearcover is a fast-growing enterprise disrupting an industry that already had been experiencing profound disruption for a quarter-century or more. It provides car insurance online to consumers who dwell online and wouldn’t know a local insurance office if the agent camped in their living room. “We had a choice where to locate” Clearcover, Nakatsuji emphasized. “We went through an analysis and tried to find the best overlap between a market where we could find world-class tech talent, great insurance talent and where we could raise a lot of capital. “It boiled down to Chicago and the coasts, and Chicago won on better access to all the insurance talent from Allstate, State Farm, Kemper, Aon and other insurance companies here.

Source: Forbes October 30, 2020 13:18 UTC