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Innovated Holdings is a non-insurance holding company that partners with smaller insurers to provide them with the economy of scale and buying power while allowing them to retain their own identity. By leveraging our expertise in areas such as claim service, software and systems, product and pricing, accounting, payroll, reinsurance, underwriting, legal, marketing, and sales, we help our partner companies to thrive and succeed.

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Innovated Holdings' subsidiaries offer a wide range of services to partner companies, including marketing, accounting, product analysis, and technology services. By providing expertise in these areas, Innovated Holdings is able to help its partner companies operate more efficiently, remain competitive, and continue to provide top-notch services to their clients.

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Innovated Holdings has made significant advancements, including facilitating mutual mergers, and successfully bringing on affiliates. By leveraging their expertise in various areas, Innovated Holdings has helped these companies to thrive and grow, while retaining their unique identities.

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Innovated Holdings has a family of companies that fall under its umbrella, including Cornerstone National Insurance. These divisions have access to the expertise of Innovated Holdings in various areas to ensure lasting profitability and growth in the ever-changing insurance industry.

INNOVATED
HOLDINGS
STRATEGY, PURPOSE, SUCCESS

Our Story: The Art of Successfully Reinventing a Stock Company in a Mutual Way

STRATEGY

The Executive Team of Innovated Holdings, Inc. intentionally and strategically organized the company on February 7, 2019, with a clear vision and purpose in mind.

PURPOSE

From the outset, the goal was to provide a safety net for one company that had experienced a  decline in its business while also providing another with the opportunity to offer a package of services it had not been able to deliver previously.

SUCCESS

Our success is driven by a foundation of traditional values and conservative business principles, which are integral to everything we do. Our partnership with CFM Insurance has enabled us to help companies like Cornerstone National Insurance to reinvent themselves and thrive in today's competitive marketplace.

 
THE NUMBERS DON'T LIE

CNI CLAIMS REDUCTIONS

As part of the subsequent review of claims operations, a comprehensive audit of open and litigated claims was conducted for both writing companies.

As a result of this beneficial audit, CNI reserves on open bodily injury (BI) claims were reduced by approximately 28%. The non-litigated BI claim count was reduced by approximately 33%, with the litigated claim count reduced by 30%.

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BODILY INJURY CLAIMS

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NON-LITIGATED BODILY
INJURY CLAIMS

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LITIGATED BODILY
INJURY CLAIMS

 
THE NUMBERS DON'T LIE

CFM CLAIMS REDUCTIONS

CFM claims were also audited as part of this review. The process resulted in a 45% reduction in open claims and a 35% reduction in open reserves. Claims were reviewed individually, which resulted in an increase in certain claim reserves based on factors including closure strategy and defense budgeting. 

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OPEN CLAIMS

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OPEN RESERVES

 
PROGRESSION

HISTORY-MAKING MOMENT

Despite several challenges, CFM Insurance achieved a historic milestone in the insurance industry by becoming the first chapter 380 mutual insurance company to acquire a chapter 379 stock company. On March 1, 2019, Cornerstone National Insurance (CNI) became a wholly-owned subsidiary of Innovated Holdings, which is a subsidiary of CFM.

CFM's forward-thinking mindset was tested by taking on a stock insurance company with a different product line and market. The Executive Team recognized the potential in CNI's business, employees, and future and integrated its message and business model under the Innovated Holdings umbrella. This marked the beginning of a new chapter for CNI, focused on progression and growth.