Design Highlights
- Honeycomb Insurance expands into Oregon, targeting landlords and condominium associations with property and casualty coverage.
- The company fills coverage gaps left by traditional carriers retreating from the market.
- Utilizing a proprietary deep-tech platform, Honeycomb streamlines the quoting process without physical inspections.
- Their innovative AI-powered platform offers rapid quoting and instant customization, with prices up to 40% lower than competitors.
- Honeycomb holds an A- rating from AM Best and manages over $90 billion in insured assets, ensuring reliable coverage for property owners.
Honeycomb Insurance is shaking things up in Oregon. On February 12, 2026, this digital managing general agent (MGA) announced its entry into the state, marking its expansion into the 21st active market. And guess what? They’re not just playing it safe; they’re targeting landlords and condominium associations with a special focus on property and casualty coverage. It’s about time someone stepped up, right? With fast, property-level pricing for well-managed properties, no matter how old they are, Honeycomb is ready to make waves.
Honeycomb Insurance is revolutionizing Oregon’s market with swift, tailored coverage for landlords and condos—finally, a much-needed change!
The insurance landscape in Oregon has been a bit of a mess lately. Traditional carriers are retreating, leaving property owners scrambling for options. Enter Honeycomb. This company is positioning itself as an alternative, addressing the ever-pressing need for reliable coverage in a constrained market. They’re promising placement for properties regardless of age or other restrictive factors. Sounds like a dream come true for agents looking for long-term stability amid the chaos.
Their approach to underwriting is invigoratingly precise. Forget those pesky physical inspections. Honeycomb is leveraging a proprietary deep-tech platform that allows for a streamlined quoting process. It’s fast and efficient, handling even the complex environments of older buildings. They offer both admitted and non-admitted products, filling a significant gap for those properties that have been overlooked by other carriers.
Itai Ben-Zaken, the Co-Founder and CEO, is all in on Oregon. He emphasized the need for reliable, scalable partners for agents. This isn’t just talk; it’s a commitment to delivering ease and speed in underwriting. They’re aiming for consistent, long-term coverage for brokers and property owners alike. Talk about an invigorating change in a market that desperately needs it!
Honeycomb’s digital roots run deep, with a headquarters in Chicago and additional offices in Israel. The company is built by veterans of insurance and real estate, managing over $90 billion in insured assets. They specialize in habitational insurance for apartments and condos. For independent insurance agents seeking to expand their property offerings, individual policies remain portable and follow the agent’s business relationships, regardless of carrier changes. Honeycomb Insurance’s expansion into Oregon reflects their strategy to target challenging markets with reduced coverage availability. Additionally, their goal is to provide total transparency in payment allocation, ensuring clients feel confident in their insurance choices.
Their coverage details are impressive, with an A- rating from AM Best and capacity up to $10 million total insured value. Pricing is up to 40% less than competitors.
With an AI-powered platform, quoting has never been easier. No more waiting around for days. Honeycomb’s Inspector App makes it possible to quote without in-person visits, providing instant customization. They cover about 75% of risks.
In short, Honeycomb Insurance is ready to shake things up in Oregon, and they’re not looking back.
