{"schema_version":"secwatch.filing_event.v1","accession":"0001840776-25-000209","form_type":"8-K","ticker":"HGTY","cik":"0001840776","company_name":"Hagerty, Inc.","filed_at":"2025-07-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.293502+00:00","generated_at":"2026-05-18T02:33:37.323545+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Hagerty announces non-binding LOI with Markel; will assume 100% of premium, pay 2% fronting fee from 2026","bullets":["Effective Jan 1, 2026, Hagerty Re will control 100% of premium and assume 100% of underwriting risk, paying Markel a 2% fronting fee.","New arrangement expands Hagerty's underwriting and claims authorities to maximum permitted by law.","Accounting impact: commission revenue from MGA to Markel eliminated; certain policy acquisition costs capitalized from Q1 2026.","Arrangement is non-binding, subject to definitive documentation and regulatory approvals; no assurance of completion.","CEO McKeel Hagerty: arrangement positions for better profitability and operational control with no disruption to policyholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001840776-25-000209","json":"https://secwatch.observer/filing/0001840776-25-000209.json","markdown":"https://secwatch.observer/filing/0001840776-25-000209.md","text":"https://secwatch.observer/filing/0001840776-25-000209.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840776/000184077625000209/0001840776-25-000209-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840776/000184077625000209/hgty-20250724.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T02:33:37.323545+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}