# Clearcover

> Clearcover is a Chicago insurance holding company whose auto insurance businesses combine mobile policy management, automated claims screening and digital distribution through agents and embedded partners. Its Dearborn Labs business also builds AI systems for other insurers and managing general agents.

- **Founded:** 2016
- **Headquarters:** Chicago, United States
- **Founders:** Kyle Nakatsuji (Co-founder, President and CEO), Derek Brigham (Co-founder)
- **Products:** Auto insurance, Clear Claims and ClearAI, Clearcover mobile app, Embedded insurance and Choice, Clearcover General Agency
- **Notable:** Documented payment on an eligible Ohio collision claim in seven minutes in January 2021., Raised a $200 million Series D in April 2021., Ranked No. 56 on the 2023 Deloitte Technology Fast 500, as listed on its press page.

## Products & services

- **Auto insurance** — Personal auto policies with liability, collision, comprehensive and other coverages, subject to state and policy availability. Sales began in early 2018.
- **Clear Claims and ClearAI** — Machine learning assesses claim complexity and fraud risk and determines eligibility for expedited payment. Clear Claims launched in 2020.
- **Clearcover mobile app** — Digital ID cards, payment management, claim filing and claim-status tracking.
- **Embedded insurance and Choice** — Partner distribution through white-label experiences, co-branded pages and quoting APIs. Choice was announced in 2023.
- **Clearcover General Agency** — Managing general agency serving Texas non-standard auto customers, with policies underwritten by Old American County Mutual Fire Insurance Company.
- **Clearcover Inter-Insurance Exchange** — Reciprocal exchange introduced in 2025 to expand non-standard auto coverage.
- **Florida flexible-payment auto insurance** — Product announced April 2026 with weekly, biweekly or monthly payment options and no late, cancellation or reinstatement fees. Eligibility and terms apply.
- **Dearborn Labs** — Separate business within the holding company that embeds teams to build and operate AI systems for property and casualty insurers and MGAs.

## Achievements

- Documented payment on an eligible Ohio collision claim in seven minutes in January 2021.
- Raised a $200 million Series D in April 2021.
- Ranked No. 56 on the 2023 Deloitte Technology Fast 500, as listed on its press page.

## Latest updates

- **2026-07** — Dearborn Labs announced Launchpad, an application-only MGA AI accelerator with build costs funded by the program and payment tied to measured outcomes.
- **2026-06** — Coverager reported Q1 carrier written premiums of $29 million, a $740,000 underwriting loss and a 106% combined ratio; these are subsidiary results, not consolidated holding-company revenue.
- **2026-04** — Clearcover announced flexible-payment auto coverage in Florida.
- **2026-03** — Clearcover launched Dearborn Labs within its holding company.

## Links

- Website: https://clearcover.com/
- LinkedIn: https://www.linkedin.com/company/clearcover-inc/
- Twitter/X: https://twitter.com/clearcover/
- YouTube: https://www.youtube.com/channel/UC8qyP5W0FyIs2ZpTYX6GvcA
- Instagram: https://www.instagram.com/clearcoverinc/
- Facebook: https://www.facebook.com/Clearcoverinc/

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Profile page: https://yespress.io/clearcover
Published by YesPress — https://yespress.io
Last updated: 2026-10-25