Insurance industry news from NEXT Insurance, NFP, Coalition and more. Photo: Shutterstock

NEXT Insurance partnered with Allstate, combining the companies' expertise in small business insurance to develop and offer innovative and unique new products to a large underserved market, as well as a commitment to deepening its reinsurance relationship with Allianz. The partnerships come with a $265 million strategic investment from Allstate and Allianz X.

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