Insurance
Miami’s ‘Impossible’ Traffic Mess Shows Strains of Booming South
Former reality TV star Fredrik Eklund zips up and down Miami in a lilac Rolls-Royce with a turquoise interior, hunting for multi-million-dollar homes for the rich and powerful. That is, when he’s not stuck in the gridlock. Eklund, 47, is …
Read More Tropical System Could Bring Heavy Rains, Flooding to Parts of Florida
The National Hurricane Center is keeping an eye on a tropical wave that could strengthen over the weekend, bringing heavy rain to parts of Florida. Gov. Ron DeSantis declared a state of emergency for 50 Florida counties ahead of the …
Read More California Wildfire Now State’s Fourth Largest on Record, Containment Increased
Firefighters have increased containment on the Park Fire near Chico, California, which at 621 square miles as of Friday is now the fourth largest wildfire in history. The fire, which covers parts of four counties—Butte, Plumas, Shasta and Tehama—has a …
Read More Ryan Specialty Builds with US Assure, a Builder’s Risk Specialist, in Jacksonville
Ryan Specialty, a publicly traded provider of specialty products for insurance agents, brokers and carriers, has agreed to buy US Assure Insurance Services of Florida, a company specializing in builder’s risk insurance. Based in Jacksonville and founded in 1977, US …
Read More Marsh McLennan Agency Completes Acquisition of Illinois’ The Horton Group
Marsh McLennan Agency, a business of Marsh and a leading provider of business insurance, employee health & benefits, retirement & wealth, and private client insurance solutions across North America, today announced the completion of its previously announced agreement to acquire …
Read More Captain in California Scuba Boat Fire Must Pay $32K to Families of 3 of 34 People Killed
A scuba dive boat captain was ordered to pay about $32,000 in restitution to the families of three of the 34 people killed in a fire aboard the vessel in 2019. Jerry Boylan’s criminal negligence as captain of the Conception …
Read More J&J MGA Acquires Georgia-Based Strickland General Agency
Johnson & Johnson, a managing general agency working in 48 states, has acquired Strickland General Agency in Suwanee, Georgia, J&J announced. The deal closed July 31. Terms were not disclosed. Strickland, known as SGA, is a multi-line excess and surplus …
Read More Guy Carpenter: CrowdStrike Outage to Cause $300M-$1B in Insured Losses
Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses, Guy Carpenter said the insured losses from the CrowdStrike outage is likely between $300 million and $1 billion. The leading …
Read More People Moves: Wrigley to Lead DeCotis Commercial Lines Team
DeCotis Specialty Insurance, headquartered in Providence, Rhode Island, named Jessica Wrigley as director of commercial lines. Wrigley’s responsibilities include overseeing the commercial lines division, managing key customer and carrier relationships, developing new business opportunities and supervising high-value renewals. Wrigley’s insurance …
Read More Midwestern Farmers Who Say Yes to Solar Power Face Neighbors’ Wrath
When Michigan farmer Clara Ostrander heard about the benefits of hosting a solar energy project, she remembered something her father had told her four days before he died: Don’t sell the farm. Keep it in the family. Skeptical at first, …
Read More