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 245

Insurance Insured Insurer 245

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 276

Insurance Insured Insurer Commercial 276

Insurance Journal

SEPTEMBER 30, 2024

Estimates of insured losses from Hurricane Helene continue to range around $5 billion, not including flood insurance losses, as the death toll in the Southeast continued to rise, approaching 100 by Monday morning. In Florida, the state Office of Insurance …

Insurance 306

Insurance Insured Insurer 306

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 264

Insurance Agency Insurance Insured Insurer 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 Insurance Insured Insurer 263

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 260

Insurance Insured Insurer 260

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 238

Insurance Broker Broker Insurer Insurance 238

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 246

Insurance Agent Insurance Agents Agents License 246

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 277

Insurance Broker Broker Insurance Insured 277

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 257

Risk Casualty Insurance Personal Property Commercial 257

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 246

Theft Insurance Insurer Insured 246

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 277

Risk Insurance Broker Insurance Agency Broker 277

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 264

Risk Insurance Insured Insurer 264

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 275

Insurance Broker Insurance Insured Insurer 275

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 243

Broker-Agent Insurance Companies Broker Agents 243

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 246

Insurance Industry Insurance Insured Insurer 246

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 279

Premium Insurance Insurer Insured 279

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 …

Underwriting 243

Underwriting Underwriter Insurer Insured 243

Insurance Journal

NOVEMBER 17, 2024

The insurance industry is in the midst of a digital revolution, with artificial intelligence (AI) at the heart of it. From streamlining claims processing to creating personalized policies, AI has quickly become a vital tool for insurers striving to stay …

Insurance Industry 227

Insurance Industry Insurance Insured Insurer 227

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 277

Insurance Insurer Insured 277

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 …

Insurer 246

Insurer Insurance Insured 246

Insurance Journal

NOVEMBER 15, 2024

Oklahoma Insurance Commissioner Glen Mulready issued a bulletin providing insurers with regulatory guidance on the use of artificial intelligence. The bulletin, which was adopted by the National Association of Insurance Commissioners (NAIC), outlines expectations on the ethical use of AI.

Insurer 225

Insurer Insurance Insured 225

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 244

Damage Insurance Insured Insurer 244

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 244

Insurance Insured Insurer Agents 244

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 240

Insurance Carrier Insurance Insured Insurer 240

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 278

Compensation Insurance Insured Insurer 278

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 264

Insurance Insured Insurer 264

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 279

Theft Insurance Policy Policy Insurance 279

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 Insurer Insurance Insured 331

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 264

Insurance Agency Insurance Insured Insurer 264

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 264

Risk Casualty Insurance Insurance Agency Insurance 264

Insurance Journal

OCTOBER 29, 2024

WTW announced the expansion of its Corporate Risk & Broking (CRB) business in Japan with the launch of an insurance brokerage service. The new service will offer insurance solutions to commercial clients, as well as wholesale facultative reinsurance placement services …

Commercial 263

Commercial Insurance Insured Insurer 263

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 278

Insurance Insurer Insured 278

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 265

Policyholder Property Insurance Insurance Insured 265

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 255

Insurance Agency Insurance Insured Insurer 255

Insurance Journal

OCTOBER 24, 2024

As the third-fastest growing company on a list of the world’s top 50 largest insurance companies, State Farm Mutual Automobile Insurance Co. continued to rank No. 1, according to research S&P Global Market Intelligence. State Farm recorded nearly $87.6 billion …

Insurance 285

Insurance Insurer Insured Insurance Companies 285

Insurance Journal

NOVEMBER 6, 2024

Chaucer has launched a new nuclear insurance policy that provides nuclear power plants (NPP) with insurance cover for cyberattacks. Called CyNuC, the malicious act cyber insurance policy was developed specifically by Chaucer’s Lloyd’s Syndicate 1176 in conjunction with the insurer’s …

Cyber 245

Cyber Insurance Policy Insurer Insured 245