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 111

Insurance 111

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 …

Insurance 103

Insurance 103

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 110

Insurance 110

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 110

Insurance 110

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 111

Insurance Real Estate Manufacturing Construction 111

Insurance Journal

OCTOBER 16, 2024

billion) acquisition of a majority stake in a local insurance firm. Under the amended Insurance Act, the country’s financial regulator will now … Singapore lawmakers passed an amendment to a bill that will effectively block Allianz SE’s proposed S$2.2 billion ($1.7

Insurance 104

Insurance 104

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 105

Insurance 105

Insurance Journal

OCTOBER 16, 2024

This post is part of a series sponsored by Darkhorse Insurance. Ever wondered what it’s like to be a Farmers Insurance agent? In this eye-opening blog, a former Farmers agent spills the beans on the inside scoop. Get ready for …

Insurance 93

Insurance 93

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 110

Insurance 110

Insurance Journal

OCTOBER 7, 2024

Inszone Insurance Services acquired Schmoekel Insurance Agency Inc. Founded in 1948 by Max Schmoekel, Schmoekel Insurance Agency was initially known as a non-standard insurance agency, specializing in finding coverage for high-risk clients. in Sacramento, California. In the early 1960s, Max’s …

Insurance 95

Insurance 95

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 102

Insurance 102

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.

Insurance 111

Insurance 111

Insurance Journal

OCTOBER 18, 2024

Four men have been charged with defrauding New York auto insurers by allegedly submitting more than $10 million in fraudulent claims for psychological services —and then laundering the proceeds of that fraud through a network of illicit check cashers. Damian …

Insurance 111

Insurance 111

Insurance Journal

OCTOBER 10, 2024

Michael Vecchio, age 50, of Sioux Center was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony) and Todd Meendering, age 61, of Boyden was charged with one count of Insurance Fraud – Conspiracy (Class …

Insurance 98

Insurance 98

Insurance Journal

SEPTEMBER 29, 2024

Inszone Insurance Services acquired ISU Francis-Pinney Insurance Services Inc. ISU Francis-Pinney Insurance Services evolved through several mergers, including All-Cal Insurance and the John A. Sacramento, California-based Inszone is an insurance brokerage firm that provides property/casualty insurance …

Insurance 105

Insurance 105

Insurance Journal

SEPTEMBER 17, 2024

US property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average US property insurance rate decreased 0.94% in the second quarter from a year …

Insurance 130

Insurance 130

Insurance Journal

OCTOBER 17, 2024

The UK said three government bodies are working together to challenge Russian shadow fleet oil tankers if it perceives they have dubious insurance. An announcement from the country’s Foreign, Commonwealth and Development Office didn’t specify how such interventions would occur, …

Insurance 104

Insurance 104

Insurance Journal

OCTOBER 16, 2024

The City of Isleton will take part in a community-based flood insurance initiative for as part of a two-year $200,000 grant to provide payouts to residents if floodwaters reach a pre-determined depth. The pilot project is headed by the California …

Insurance 105

Insurance 105

Insurance Journal

SEPTEMBER 26, 2024

Inszone Insurance Services acquired First West Insurance Agency in Huntington Beach, California. Originally established in 1968 as Shearer Insurance, the firm merged in 1979 with First West Insurance Agency. Owners Phil and Kristen Shearer will remain on board for a …

Insurance 103

Insurance 103

Insurance Journal

SEPTEMBER 26, 2024

Alera Group announced the acquisition of Insurance Underwriters Ltd., a Louisiana-based insurance agency offering risk management and insurance solutions including business insurance, surety bonds, personal insurance and employee benefits.

Insurance 105

Insurance 105

Insurance Journal

OCTOBER 18, 2024

Japanese insurer Tokio Marine has paused the sale of its $1 billion Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring products distribution agreement, four sources with knowledge of the matter said.

Insurance 104

Insurance 104

Insurance Journal

OCTOBER 17, 2024

NFP, an Aon company and insurance brokerage, announced it has acquired IHI Group, the Dublin-based advisory firm that specializes in financial planning, healthcare and general insurance needs. Philip Brennan, CEO of IHI Group, will join NFP as VP business development, …

Insurance 105

Insurance Healthcare 105

Insurance Journal

OCTOBER 9, 2024

An insurance broker who collected nearly $137,000 in sales commissions by submitting fabricated insurance applications for end-of-life insurance policies in clients’ names without their knowledge, and used those clients’ personal and banking information to pay for those policies, was sentenced …

Insurance 104

Insurance 104

Insurance Journal

OCTOBER 21, 2024

Ping An Insurance (Group) Co. The insurance … of China Ltd. reported on Monday a 36.1% rise in net profit in the first nine months of the year, driven by growing investment returns and new policies sold as the economy recovers.

Insurance 82

Insurance 82

Insurance Journal

OCTOBER 11, 2024

one of Australia’s largest coal producers, shelved a planned special purpose vehicle originally intended to provide in-house insurance after finding external insurers willing to take on the risk. Whitehaven Coal Ltd., The development follows Sydney-based Whitehaven’s $3.2 billion purchase of …

Insurance 104

Insurance 104

Insurance Journal

OCTOBER 4, 2024

Caljouw as state’s new insurance commissioner. Caljouw comes to DOI with 33 years of experience in insurance law and policy in the state, including most recently as government affairs vice … Massachusetts Governor Maura Healey announced the appointment of Michael T.

Insurance 105

Insurance 105

Insurance Journal

OCTOBER 3, 2024

Kingfisher Insurance Services Ltd., the London-based specialist insurance broker, has acquired MIS Motorsport’s commercial business in the UK and Ireland. Financial details of the transaction were not disclosed. As part of the acquisition, a new entity will be created called …

Insurance 111

Insurance 111

Insurance Journal

OCTOBER 21, 2024

William Berg, an insurance producer and former financial advisor from Waukee, Iowa, was sentenced to nine years in prison on Friday after pleading guilty in federal court to wire fraud and money laundering charges. In addition to his prison sentence, …

Insurance 108

Insurance Pleadings 108

Insurance Journal

AUGUST 30, 2024

Main Street America Insurance said Thursday it will stop offering personal lines insurance in favor of a commercial lines strategy. The Jacksonville, Florida-based insurer founded about 100 years ago in Keene, New Hampshire said it is “tightening” its focus and …

Insurance 116

Insurance 116

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 96

Insurance 96

Insurance Journal

OCTOBER 15, 2024

Florida’s Hurricane Milton caused private insured losses of about $36 billion, estimated catastrophe modeler Karen Clark & Co. The estimate includes losses from wind, storms surge, and inland flooding to personal, commercial and industrial properties and vehicles, as well as …

Insurance 111

Insurance 111

Insurance Journal

OCTOBER 14, 2024

billion) deal by Allianz SE to buy a majority stake in a homegrown insurance firm, three months after the transaction sparked a public backlash. The Singapore government will block a proposed S$2.2 billion ($1.7 The government decided it wouldn’t be …

Insurance 100

Insurance 100

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 …

Insurance 59

Insurance 59

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 …

Insurance 111

Insurance 111

Insurance Journal

OCTOBER 15, 2024

The Ardonagh Group, the London-based independent insurance distribution platform, announced it has completed the A$2.3 billion) acquisition of PSC Insurance Group Ltd. billion (US$1.6 The completion of the acquisition in the APAC region sees PSC’s operations in Australia and New …

Insurance 105

Insurance 105

Insurance Journal

OCTOBER 2, 2024

British holiday group Saga said on Wednesday that it is in talks with Belgian insurer Ageas for a potential partnership for its insurance business. Saga, which specializes in holidays and insurance for people over 50, has been struggling with its …

Insurance 105

Insurance 105

Insurance Journal

OCTOBER 2, 2024

The Louisiana of Department of Insurance (LDI) is warning residents to be cautious of online scams related to Hurricane Francine insurance claims. The LDI has detected an increase in online advertising activity related to Hurricane Francine, some of which attempts …

Insurance 110

Insurance 110