Insurance Journal

OCTOBER 21, 2024

Starr Insurance reported that South Korea’s Financial Services Commission has granted Starr International Insurance (Singapore) Pte. Korea branch, a license to operate in Seoul and begin selling commercial property/casualty insurance throughout Korea. “Korea is one of the largest commercial …

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License Commercial Commercial Insurance Commercial Property 264

Insurance Journal

SEPTEMBER 4, 2024

Trust impacts customer satisfaction, loyalty and brand advocacy more than other factors when small businesses choose a commercial insurance provider. Small Commercial Insurance Study found that among small businesses with the most trust in their insurers, … Power’s 2024 U.S.

Commercial 264

Commercial Business Insurance Commercial Insurance Insured 264

Insurance Journal

AUGUST 6, 2024

Global insurance brokerage Hub International Limited announced it has acquired Insurance Management Company (IMC).

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Commercial Commercial Insurance Risk Insured 277

Insurance Journal

DECEMBER 5, 2024

GEICO announced the addition 500 new jobs in North Texas in an expansion of its commercial insurance business. Of these positions, 300 will support GEICO’s commercial operations at its Richardson office, which has been designated as a main hub to …

Commercial Insurance 189

Commercial Insurance Commercial Insured Insurer 189

Insurance Journal

JULY 11, 2024

Stacks Insurance Brokerage in Lighthouse Point, Florida, has named Kenny Bordman partner and president of commercial insurance. Bordman has more than a decade in commercial insurance, preceded by years in the U.S. Army and law enforcement, Stacks said in a …

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Commercial Commercial Insurance Insured Insurer 260

Insurance Journal

OCTOBER 10, 2024

WTW characterized commercial insurance rates as balances and stable but, as Hurricane Milton approached, the broker warned of upcoming disruption. “The current state of affairs might only be one major hurricane away from being upended, and with Milton knocking on …

Commercial 263

Commercial Commercial Insurance Broker Insured 263

Insurance Journal

OCTOBER 20, 2024

Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines satisfaction reaching an all-time high. According to the J.D. Power 2024 …

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Commercial Commercial Insurance Agents Underwriting 162

Insurance Journal

NOVEMBER 5, 2024

dba Statewide Commercial Insurance Brokers. Gallagher & Co. acquired Altadena, California-based American Matar International Inc., Lana Matar and her team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail …

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Commercial Insurance Insurance Broker Commercial Broker 130

Insurance Journal

JULY 31, 2024

AM Best revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Stonetrust Commercial Insurance Company and Stonetrust Premier Casualty Insurance Company. Stonetrust is …

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Workers Comp Casualty Insurance Commercial Insurance Commercial 278

Insurance Journal

JULY 23, 2024

Insurance software firm Applied Systems reports that it has acquired Planck, a leading artificial intelligence (AI) company for the insurance industry. Planck provides an AI-based data platform for commercial insurance. It works with US insurance companies, helping them streamline the …

Commercial Insurance 273

Commercial Insurance Commercial Insurance Industry Insured 273

Insurance Journal

JANUARY 2, 2025

Marsh McLennan Agency (MMA) announced the acquisition of Acumen Solutions Group LLC, a Melville, New York-based insurance agency. Founded in 2012, Acumen provides personal insurance and customized commercial insurance programs, with specialties in the construction, real estate, and aviation industries.

Commercial Insurance 262

Commercial Insurance Commercial Insurance Agency Insured 262

Insurance Journal

JANUARY 8, 2025

Founded in 1963, GLM Insurance is a third-generation family-owned agency providing personal and commercial insurance throughout Virginia and North Carolina. The Andrew Agency has acquired Garriques, Lloyd & McMahon in Richmond, Virginia. The Andrews Agency is an independent agency based …

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Insurance Agency Commercial Insurance Commercial Insured 246

Insurance Journal

JANUARY 8, 2025

The Plexus Groupe, a national commercial insurance brokerage and consulting firm, announced the appointment of Gerald Fawcett as President. Fawcett joined Plexus in February 2020 to lead the Industry and Specialty Practices. He was involved in vetting technology solutions and …

Commercial Insurance 244

Commercial Insurance Commercial Insured Insurer 244

Insurance Journal

OCTOBER 28, 2024

After building it business up in the United Kingdom, Broker Insights said it is ready to officially bring its commercial insurance placement analytics to the United States. For the last 12-18 months, Broker Insights has been preparing for its expansion …

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Broker Commercial Insurance Commercial Building 264

Insurance Journal

OCTOBER 3, 2024

Global insurance broker AssuredPartners announced it has acquired Halstead Insurance Agency, a Fitchburg, Massachusetts-based agency offering personal and commercial insurance. The Halstead team will remain under the operational leadership of agency president Anthony P. Trapasso, Jr. and agency vice president, …

Commercial Insurance 278

Commercial Insurance Insurance Broker Commercial Insurance Agency 278

Insurance Journal

SEPTEMBER 12, 2024

Lloyd’s of London said on Thursday it plans to overhaul its rules on dealing with poor conduct in the commercial insurance market as its current processes for dealing with bad behavior could be “unclear.” ” The Lloyd’s of London market, which …

Commercial Insurance 279

Commercial Insurance Commercial Insured Insurer 279

Insurance Journal

OCTOBER 1, 2024

Miller, the London-based specialist re/insurance broker, announce it has completed the acquisition of Madrid-based commercial insurance broker Bruzon Correduría de Seguros y Reaseguros. The transaction, which first was announced in May, closed on Sept. 30 following the receipt of all …

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Insurance Broker Broker Commercial Insurance Commercial 264

Insurance Journal

OCTOBER 31, 2024

The Clear Group, the London-based independent insurance broker, announced the acquisition of A-One Insurance Group (A-One), a major commercial insurance broker in the south of England. Financial details of the transaction were not disclosed. Clear said this latest deal is …

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Broker Insurance Broker Commercial Insurance Commercial 264

Insurance Journal

SEPTEMBER 17, 2024

PCF Insurance Services acquired the insurance business of Top Insurance Associates in Snohomish, Washington. The Top Insurance Associates team will join PCF Insurance’s Fortiphi Insurance.

Commercial Insurance 263

Commercial Insurance Insured Insurer Insurance 263

Insurance Journal

DECEMBER 3, 2024

Despite continued uncertainty over the future of federal tax rules on micro-captive insurance companies, the instruments seem to be increasingly popular for small businesses, especially in Florida, where rates for traditional commercial insurance have soared in recent years. SRA 831(b) …

Commercial Insurance 260

Commercial Insurance Commercial Insurance Companies Insured 260

Insurance Journal

DECEMBER 11, 2024

trillion for the global economy over a five-year period, commercial insurance market Lloyd’s of London predicted. Another human pandemic could cause economic losses of $13.6 The impact would mainly be from disruption across global industries due to local lockdowns and …

Commercial Insurance 246

Commercial Insurance Commercial Insured Insurer 246

Insurance Journal

DECEMBER 17, 2024

Insurance brokerage Trucordia reports that its most recent acquisition is the Richard King Insurance Agency, a family-owned brokerage firm in Powhatan, Virginia. The Richard King Insurance Agency has been offering personal and commercial insurance in the greater Richmond area since …

Commercial Insurance 246

Commercial Insurance Insurance Agency Commercial Insured 246

Insurance Journal

DECEMBER 17, 2024

Atlanta-based PointeNorth Insurance Group, a broker and agency specializing in commercial insurance, including transportation, construction and condominium coverage, has continued its rapid pace of growth with the addition of another Georgia agency. PointeNorth has acquired Caldwell & Langford Insurance in …

Commercial Insurance 246

Commercial Insurance Commercial Broker Insured 246

Insurance Journal

DECEMBER 18, 2024

insurance brokers, has acquired Talbert Insurance Services in Duluth, Georgia, expanding King’s presence in the Southeast. Talbert, in business in north Georgia since 1982, offers personal and commercial insurance. King Risk Partners, one of the largest U.S. Larry Talbert II …

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Risk Commercial Insurance Insurance Broker Commercial 246

Insurance Journal

NOVEMBER 14, 2024

Commercial insurance market Lloyd’s of London is restructuring its data, operations and change departments, which will involve outsourcing some of those units’ work, a Lloyd’s spokesperson said on Thursday. It was too soon to say what the impact would be …

Commercial Insurance 246

Commercial Insurance Commercial Insured Insurer 246

Insurance Journal

DECEMBER 16, 2024

Lloyd’s of London members have set up a working party to examine the commercial insurance market’s plans to overhaul its conduct rules, a trade body said on Friday, following criticism of the strengthened powers in the new rules. Lloyd’s has …

Commercial Insurance 243

Commercial Insurance Commercial Insured Insurer 243

Insurance Journal

DECEMBER 10, 2024

Utah-basrd insurance broker Trucordia has acquired the insurance business of Archibald Insurance, an agency with offices in Richmond, Midlothian and North Chesterfield, Virginia. Archibald Insurance offers personal and commercial insurance.

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Commercial Insurance Insurance Broker Commercial Broker 234

Insurance Journal

JANUARY 17, 2025

Texan Insurance, full-service insurance agency, announce its acquisition of Austin, Texas-based J&M Insurance, a trusted provider of personal and commercial insurance solutions for nearly two decades. Founded in 2005 by Todd Michalowski, J&M Insurance offers independent commercial, home and auto …

Commercial Insurance 147

Commercial Insurance Commercial Insured Insurer 147

Property Insurance Coverage Law

SEPTEMBER 3, 2024

This post highlights an agent’s binding authority under Michigan law and discusses important insurance principles concerning the “completed-loss” and “loss-in-progress” doctrines.

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Commercial Damage Policy Property Insurance 172

Central Insurance

JULY 2, 2024

Learn how to navigate Arizona auto insurance for your commercial business by understanding essential coverage types and unique state risks. The post Navigating Arizona Auto Insurance for Your Commercial Business appeared first on Central Insurance Blog.

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Auto Insurance Commercial Insured Insurer 130

Insurance Journal

JANUARY 13, 2025

Navion insurance Associates Inc. has acquired Pegasus Capital & Insurance Services Inc. Pegasus Capital & Insurance Services is an insurance agency that specializes in serving the commercial insurance needs of its clients. Navion Insurance Associates is based in … in California.

Commercial Insurance 147

Commercial Insurance Commercial Insurance Agency Insured 147

Central Insurance

OCTOBER 24, 2024

Running a commercial office comes with its share of responsibilities, from maintaining budgets, supervising staff, resolving customer issues, and managing the functionality of the workspace. By implementing […] The post Loss Control Tips to Keep Your Commercial Office Insurance Rates Low appeared first on Central Insurance Blog.

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Commercial Insured Insurer Insurance 130

Protect Commercial Insurance

JUNE 27, 2024

Introduction Navigating the world of commercial insurance can often feel like walking through a dense fog of myths and misconceptions. Unfortunately, the abundance of myths surrounding commercial insurance may lead many business owners to make decisions that are not in their best interest. This is far from the truth.

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Commercial Insurance Commercial Cyber Business Interruption 52

Insurance Journal

JULY 25, 2024

PCF Insurance Solutions announced it has acquired the insurance business of Weslaco, Texas-based Montalvo Insurance Agency. Montalvo offers personal and commercial insurance coverage including homeowners, auto, general and professional liability, workers’ compensation and bonds.

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Insurance Agency Commercial Insurance Liability Commercial 162

Central Insurance

OCTOBER 14, 2024

The post 4 Best Fleet Management Software & How They Protect Your Commercial Auto Rates appeared first on Central Insurance Blog. Learn how Fleet management software enhances safety, tracks driver behavior, and can help your businesses save on auto rates.

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Commercial Protection Insured Insurer 130

Protect Commercial Insurance

NOVEMBER 8, 2024

Introduction Running a business comes with its fair share of expenses, and one of those is commercial insurance. This guide will teach you practical ways to save money on your commercial insurance. Having the right insurance policy is vital for the continuity and smooth operation of any business. The good news?

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Protect Commercial Insurance

NOVEMBER 15, 2024

This is where commercial insurance comes into play. Designed to protect your business from unforeseen risks, commercial insurance can offer the peace of mind you need to focus on what truly matters—growing your business and serving your clients.

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Commercial Insurance Commercial Protection Business Interruption 52