Genie Energy (GNE) Advances Insurance Strategy

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Go back to Genie Energy (GNE) Advances Insurance Strategy

Genie Energy Advances Insurance Strategy

December 5, 2024 4:32 PM EST

NEWARK, NJ , Dec. 05, 2024 (GLOBE NEWSWIRE) -- Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today provided an update on its consumer insurance initiative.

Earlier his year, the company announced an initiative to expand its consumer products portfolio with insurance offerings, and formed a wholly-owned, captive self-insurance subsidiary to enhance the Companys risk management strategy.

To date, we have secured insurance broker licenses in seven key states and begun to offer third-party insurance solutions through our... More