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INSURANCE NEWS
People Moves: Smart AutoCare Names Murphy President
Smart AutoCare, headquartered in Richardson, Texas, appointed Christopher Murphy as president. Murphy has over 20 years of executive leadership experience and a strong record of operational excellence across the automotive and technology sectors. He joins Smart AutoCare from OptionSoft Technologies, …
People Moves: Marsh Risk Canada Promotes Lewis to President, Succeeding Robson
Insurance broker Marsh announced that Michael Lewis has been promoted to president, Marsh Risk Canada, effective April 1. In this role, Lewis will lead the strategic development and execution of Marsh Risk’s Canada commercial strategy, which encompasses its risk management, …
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions
Imagine the surprise of being told by the Internal Revenue Service that you owe $116,000 in taxes on more than $323,000 in unreported income—income you had no idea existed. That’s reportedly what happened to Miramar, Florida, insurance agent Kevin Langford …
Alliant Acquires Laredo Commercial’s For-Hire Trucking Portfolio
Alliant Insurance Services has acquired Laredo Commercial Insurance Agency’s For-Hire Trucking portfolio, establishing the firm’s local presence in Laredo, Texas. As part of the acquisition, Steven Cadena has joined Alliant Transportation as Vice President, expanding the firm’s specialized expertise in …
Canada Police Name 18-Year-Old Suspect in Shootings That Killed Nine
The deceased suspect in a mass shooting that left nine people dead in a small town in western Canada was named as 18-year-old Jesse Van Rootselaar, who was known to police. Officers found Van Rootselaar dead after the shooting on …
Summit Now Offers Workers’ Compensation in Pennsylvania and Delaware
Workers’ compensation provider Summit is expanding its coverage offerings to Delaware and Pennsylvania. Summit-managed carriers Bridgefield Casualty Insurance Co., Bridgefield Employers Insurance Co., and Bridgefield Indemnity Insurance Co. received regulatory approval from the Delaware and the Pennsylvania insurance department to …
Investors: Trump’s Rollback on Greenhouse Gases to Cause Confusion, Could Add Costs
The Trump administration’s decision to overturn an Obama-era legal analysis underpinning greenhouse gas rules will sow confusion and add costs for businesses and investors alike, shareholder advocates and portfolio managers say. U.S. President Donald Trump, who has called climate change …
Digital MGA Honeycomb Insurance Launches in Oregon
Digital MGA Honeycomb Insurance has begun writing policies in Oregon. The launch is Honeycomb’s 21st state in a national expansion. Honeycomb touts its rapid quoting for individual properties and that agents in states supported by Honeycomb can submit full schedules …
Chinese Insure Owner to Sell NYC’s Waldorf Astoria After Acclaimed Renovation
The Waldorf Astoria hotel on Manhattan’s Park Avenue is coming up for sale following an extensive renovation. Real estate investment bank Eastdil Secured is expected to bring the hotel to market on behalf of the hotel’s Chinese owners, according to …
Markets/Coverages: Re/Insurer Canopius Launches Natural Resources Team
Canopius, the international specialty and property/casualty re/insurer, has announced the creation of its consolidated Natural Resources team in response to market demand. The team encompasses energy, heavy industry and construction to better reflect how brokers in these classes allocate business. …
Portugal Deadly Floods Force Evacuations, Collapse Main Highway
Thousands of people fled their homes in central Portugal after rising waters burst through the banks of the Mondego River, flooding roads, collapsing critical infrastructure and leaving vast areas of farmland under water. At least 3,000 people were evacuated in …
AXIAN Bets on Insurance to Deepen Risk Underwriting in Africa
AXIAN Group, a pan-African conglomerate spanning telecommunications, energy, real estate, fintech and financial services, is expanding into insurance underwriting to tap the world’s least covered regions. The group, which generated $2.75 billion in revenue in 2024, has launched VIA Insurance …