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Reliance Global Group Inc. Announces its Strategic Partner Nsure.com Has Been Licensed to Operate and Sell Insurance in California
LAKEWOOD, NJ, June 04, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) ("Reliance" or the "Company") today announced
About this update from Reliance Global Group, Inc.
[{"type":"text","content":"LAKEWOOD, NJ, June 04, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) (\"Reliance\" or the \"Company\") today announced that its strategic partner Nsure.com, America’s first licensed digital insurance agency®, has received a license to operate and sell insurance in the State of California. As a result, Nsure.com is now licensed in the States of Florida, Texas and California, with plans to further expand nationwide. Nsure.com is a licensed online insurance agency that utilizes state of the art digital technology to empower insurance consumers to compare rates across more than 40 top-rated insurance carriers and bind policies within minutes. \n Wojtek Gudaszewski, CEO of Nsure.com, commented, “Thanks to the investment and alliance with Reliance, we have now added California to the states in which we are licensed. Importantly, California has the largest population in the United States. As a result, we are now licensed in the three most populous states in the nation, representing a significant portion of the total U.S. population, with plans to rapidly enter additional markets.” Ezra Beyman, CEO of Reliance Global Group, stated, “This license in California is a major milestone for both Nsure.com and Reliance Global Group. In addition to the standalone potential of Nsure.com, there are significant synergies with our traditional ‘bricks-and-mortar’ agencies, which we expect will significantly reduce back-office expenses, as well as allow our agents to focus exclusively on selling new policies. As discussed on our conference call yesterday, we are pursuing an aggressive acquisition strategy within the insurance agency market, and Nsure.com is an important component of this strategy.” About Nsure.com Based in Florida, Nsure.com is the first all-digital licensed insurance agency that provides auto and home insurance via its secure website. Employing the most advanced data technology to track up-to-the-minute, real, not estimated, quotes from more than two dozen insurance carriers, Nsure.com enables customers to take complete control of the insurance buying process on their smartphones, tablets and computers. The company's platform delivers a hassle-free experience, from a streamlined application process and instant quotes to no sales pitches and a simple renewal process that automatically updates q...