Insurance Journal

AUGUST 6, 2024

HPM Insurance of Amherst, New Hampshire reports it has acquired Insurance Savers Agency, a personal and commercial lines agency with offices in the towns of Littleton and Thornton. The purchase of Insurance Savers Agency expands the footprint of HPM Insurance …

Insurance 257

Insurance Insurer Insured Commercial 257

Insurance Journal

OCTOBER 1, 2024

Crest Insurance Group acquired Alliance Insurance Agency LLC in Colorado. Crest’s Colorado operations center around its Denver hub and expand to Longmont and Fort Collins. The Alliance deal adds Arvada to the footprint and adds 20 employees to the Crest …

Insurance Agency 253

Insurance Agency Insurance Insurer Insured 253

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 245

Commercial Insurance Insurance Insurer Insured 245

Insurance Journal

SEPTEMBER 27, 2024

the Guernsey-based re/insurance group, announced that Paratus Renewables Insurance Ltd. has been granted regulatory approval by the Guernsey Financial Services Authority (GFSC) to provide insurance cover to the renewable power industry. Paratus said its insurance solutions will … Paratus Holdings Ltd.,

Insurance 233

Insurance Insurer Insured 233

Insurance Journal

AUGUST 11, 2024

PCF Insurance Services acquired the insurance business of DLD Insurance Brokers in Irvine, California. DLD Insurance Brokers specializes in serving companies in the construction, real estate, manufacturing, medical device and technology sectors. PCF Insurance Services is headquartered in Lindon, Utah, …

Insurance Broker 262

Insurance Broker Broker Insurance Insurer 262

Insurance Journal

NOVEMBER 12, 2024

Hub International Limited announced that it has acquired the assets of ANCO Insurance Managers, Inc. ANCO Insurance). Headquartered in Bryan, Texas with six additional offices, ANCO Insurance is one of the largest independent … Terms of the transaction were not disclosed.

Insurance 229

Insurance Insurer Insured 229

Insurance Journal

NOVEMBER 17, 2024

The insurance industry is facing a significant rise in roof-related claims. The combination of increasingly severe weather events, inflation-driven repair costs and the growing issue of roofing scams has created a perfect storm — one that is straining insurer portfolios …

Home Insurance 242

Home Insurance Claim Insurance Industry Insurance 242

Insurance Journal

NOVEMBER 13, 2024

A North Carolina insurance agent who was penalized by regulators almost 20 years ago has given up her producer license after she was charged with pocketing insurance premiums. Lori Ann Crisp, 56, of Kannapolis, was charged with forgery, embezzlement and …

Insurance Agent 237

Insurance Agent Insurance Agents Agents License 237

Insurance Journal

OCTOBER 14, 2024

October 15, 2024 – The Risk & Insurance Education Alliance, in collaboration with BrokerTech Ventures (BTV), is proud to introduce its latest educational initiative, the Introduction to Insurance for Insurtech Professionals module. Austin, TX., First announced in June 2024, the …

Risk 261

Risk Insurance Insurer Insured 261

Insurance Journal

JULY 16, 2024

Insurance broker World Insurance Associates announced that it recently acquired the business of Affiliated Insurance Managers (AIM) of Warwick, Rhode Island. Today the agency is primarily focused on commercial lines, while also providing insurance to … AIM was founded in 1937.

Insurance Broker 250

Insurance Broker Insurance Insurer Insured 250

Insurance Journal

NOVEMBER 13, 2024

An Iowa couple pleaded guilty to insurance fraud, forgery and theft, the Iowa Insurance Division announced. Des Moines – Lance Seastrand, age 52, and his wife, Staci Seastrand, age 56, of Davenport, were sentenced on October 31, 2024, after pleading …

Theft 233

Theft Insurance Insurer Insured 233

Insurance Journal

OCTOBER 30, 2024

Florida-based insurance broker King Risk Partners reports it has acquired Suzio Insurance Center, Inc., an independent insurance agency based in Meriden, Connecticut. Suzio Insurance Center was started in 1974 by the late Franklin Suzio and is currently headed by James …

Risk 260

Risk Insurance Broker Insurance Agency Broker 260

Insurance Journal

NOVEMBER 4, 2024

The National Flood Insurance Program will soon start to accept monthly payments for flood insurance premiums, ending 55 years of requiring full payment upon application or renewal. The Federal Emergency Management Agency(FEMA), administrator of the NFIP, said the change was …

Premium 278

Premium Insurance Insurer Insured 278

Insurance Journal

NOVEMBER 11, 2024

Inszone Insurance Services acquired Nugent Insurance Brokers LLC in Chico, California. Nugent Insurance will also expand into personal lines by gaining access to Inszone Insurance’s markets … Valerie and Tom Nugent Jr., and Tom Jr.’s ’s daughter, Marissa, will remain with Inszone.

Insurance Broker 204

Insurance Broker Broker Insurance Insurer 204

Insurance Journal

NOVEMBER 13, 2024

North American specialty insurance brokerage Risk Strategies reports it has acquired Felsen Insurance Services, Inc., a New Jersey-based agency offering commercial and personal property/casualty insurance. Terms of the deal were not disclosed. Established in 1985, Felsen is based in Denville, …

Risk 224

Risk Casualty Insurance Personal Property Commercial 224

Insurance Journal

OCTOBER 3, 2024

An Iowa woman was charged with insurance fraud following an investigation by the Iowa Insurance Division’s Fraud Bureau. Antonia Maddison, age 46, of Sully, was charged with one count of Insurance Fraud – Application Submission (Class D Felony). The charges …

Insurance 261

Insurance Insurer Insured 261

Insurance Journal

NOVEMBER 7, 2024

ORANGE, CA, November 6, 2024 – CITA Insurance Services and Ascot Insurance Company (Ascot) have partnered to deliver a new real estate agents and brokers error & omissions (E&O) program nationwide. This admitted insurance product was designed to provide professional …

Broker-Agent 219

Broker-Agent Insurance Companies Broker Agents 219

Insurance Journal

AUGUST 6, 2024

In the insurance industry, the term “termination” can refer to a few different things. These occur when an insurance policy runs its course and the … This post is part of a series sponsored by AgentSync. First, there are policy terminations.

Insurance Carrier 210

Insurance Carrier Insurance Insurer Insured 210

Insurance Journal

SEPTEMBER 15, 2024

EverPeak Insurance is launching operations in Arizona. EverPeak workers’ comp insurance is written on Attune, which has more than 400 class codes that enable agents to … EverPeak specializes in workers’ compensation coverage for small businesses and those in hard-to-place industries.

Compensation 267

Compensation Insurance Insurer Insured 267

Insurance Journal

NOVEMBER 13, 2024

Baloise Holding AG has become one of the most-discussed takeover candidates in the European financial sector, after agitation by an activist investor triggered top industry players to take fresh looks at the Swiss insurer. Zurich Insurance Group AG, AXA SA …

Insurance 233

Insurance Insurer Insured 233

Insurance Journal

OCTOBER 11, 2024

Inszone Insurance Services announced its acquisition of San Antonio Insurance Services, Texas-based agency known for its strong focus on trucking insurance and a broad array of property and casualty solutions. Founded in 2012 as a mother-daughter agency, San Antonio Insurance …

Insurance 251

Insurance Insurer Insured 251

Insurance Journal

OCTOBER 16, 2024

Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from damages caused mostly by wind. Verisk’s Extreme Event Solutions group said the range includes privately insured losses to onshore property …

Damage 331

Damage Insurance Insurer Insured 331

Insurance Journal

NOVEMBER 14, 2024

Fidelis Insurance Group, a Bermuda-based global specialty re/insurer, announced a new strategic partnership with Euclid Mortgage Insurance Services LLC, a managing general agency that specializes in underwriting credit risk on portfolios of residential mortgages. Fidelis Insurance Group will provide reinsurance …

Underwriter 219

Underwriter Underwriting Insurance Insurer 219

Insurance Journal

NOVEMBER 17, 2024

By Andrew Simpson A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by the policy.

Theft 276

Theft Insurance Policy Policy Insurance 276

Insurance Journal

NOVEMBER 13, 2024

The Oklahoma Insurance Department is offering assistance to residents affected by the severe storms that hit the state in early November. Tornadoes and severe storms struck Oklahoma Nov. 2-4, injuring at least 11 people and causing damage to homes and …

Damage 226

Damage Insurance Insurer Insured 226

Insurance Journal

OCTOBER 17, 2024

Unison Risk Advisors (URA) has acquired Enders Insurance, a family-run property/casualty insurance agency based in Harrisburg, Pennsylvania. Enders has more than 60 employees throughout its central Pennsylvania office locations including Lancaster, Reading and Middleburg. Currently led by Andrew Enders, the …

Risk 257

Risk Casualty Insurance Insurance Agency Insurance 257

Insurance Journal

OCTOBER 18, 2024

The Arkansas Insurance Hall of Fame honored five inductees and awarded seven scholarships to insurance students at its annual banquet in Conway on Oct. The banquet was held on the campus of the University of Central Arkansas. The 2024 …

Insurance 270

Insurance Insurer Insured 270

Insurance Journal

NOVEMBER 15, 2024

North Carolina Insurance Commissioner Mike Causey announced the arrest of David Fitzgerald Bishop Jr., A North Carolina man gas been charged with obtaining property by false pretense and common law forgery, both felonies. of Winston-Salem. According to special agents with …

Insurance 225

Insurance Insurer Insured Agents 225

Insurance Journal

JULY 11, 2024

California Insurance Commissioner Ricardo Lara today ordered insurers to preserve residential property insurance coverage for roughly 46,000 policyholders affected by the Thompson Fire in Butte County. The move follows an emergency declaration over the fire from Gov. Gavin Newsom on …

Policyholder 223

Policyholder Property Insurance Insurance Insurer 223

Insurance Journal

OCTOBER 9, 2024

Hub International Limited (Hub) and WestStar Bank (WestStar), the leading community financial institution in the Borderplex Region, jointly announced the sale of the assets of WestStar Insurance Agency, Inc. WestStar Insurance) by WestStar to Hub. Terms of the transaction were …

Insurance Agency 218

Insurance Agency Insurance Insurer Insured 218

Insurance Journal

NOVEMBER 12, 2024

World Insurance Associates LLC (“World”), announced today that it acquired the business of five entities with locations across Louisiana and Texas on August 1, 2024. The agencies are The Firm of Louisiana P&C, LLC (Lake Charles), McFatter Insurance Agency, Inc.

Insurance Agency 255

Insurance Agency Insurance Insurer Insured 255

Insurance Journal

NOVEMBER 3, 2024

Owners of mobile and manufactured homes in Maryland’s coastal communities and their insurance agents are having difficulty finding insurance coverage as carriers pull away from the market. The problem is squeezing owners who want to sell their mobile or manufactured …

Insurance Agent 264

Insurance Agent Insurance Agents Insurance Insurer 264

Insurance Journal

AUGUST 14, 2024

British insurer Aviva beat first-half profit expectations following a rise in general insurance premiums in Britain and Ireland, and said on Wednesday it remained confident of meeting its 2026 targets. The life and general insurer, whose main businesses are in …

Premium 264

Premium Insurance Insurer Insured 264

Insurance Journal

NOVEMBER 20, 2024

KBRA downgraded the insurance financial strength ratings (IFSR) of Oregon Mutual Insurance Co. and its wholly owned subsidiary, Western Protectors Insurance Co. to BBB+ from A-. The outlooks for both ratings remain negative. The downgrades reflect the continued deterioration in …

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Insurance Journal

NOVEMBER 15, 2024

A large majority of carriers intend to increase or maintain staff sizes in the next 12 months, according to Jacobson’s Q3 2024 Insurance Labor Market Study. While the industry continues to add jobs, the employment growth remains relatively modest, according …

Insurance Industry 201

Insurance Industry Insurance Insurer Insured 201

Insurance Journal

NOVEMBER 20, 2024

Florida’s newest legislative leaders on Tuesday rattled some sabers about property insurance rates and claims but offered no agenda for the upcoming session that begins in March, according to state news reports. Incoming Senate President Ben Albritton, R-Wauchula, warned insurers …

Property Insurance 165

Property Insurance Insurance Insurer Insured 165

Insurance Journal

NOVEMBER 18, 2024

Total insured losses from recent floods in Spain are expected to exceed €4 billion (US$4.2 This insured price tag includes losses absorbed by the Consorcio de Compensación de Seguros (CCS), the state-backed … billion), according to credit rating agency Morningstar DBRS.

Insurance 218

Insurance Insurer Insured 218