INSURANCE NEWS
Nevada Bill to Aid Minority Owners of Sinking Homes Advances
A measure to put up $30 million in state and city funds won initial backing from Nevada state lawmakers to help homeowners move from a once-segregated North Las Vegas neighborhood where geologic features made homes crack, sink and sometimes become …
People Moves: AAdvantage Insurance Group Hires Bilyeu as Business Development Specialist
AAdvantage Insurance Group Hires Bilyeu as Business Development Specialist AAdvantage Insurance Group recently hired Zac Bilyeu as a business development specialist. Bilyeu will focus on commercial sales, recruiting, and training, as well as generating prospects, developing new relationships and handling …
Texas Mutual Approves $340M Dividend Distribution
Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced today that its board of directors voted unanimously to approve a $340 million dividend distribution in 2023. Dividends will be distributed to an estimated 69,000 Texas business …
People Moves: BHSI Promotes 2 Regional Leaders for Europe, Middle East; Lockton Re Taps Guy Carpenter’s Hunter as a Senior Broker
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and Lockton Re. A summary of these new hires follows here. BHSI Promotes 2 Regional Leaders for Europe, Middle East Berkshire Hathaway Specialty Insurance (BHSI) announced …
150 Years Later, Dixon, Illinois Bridge Collapse Among Nation’s Worst
DIXON, Ill. (AP) – Gertie Wadsworth was in the arms of her grandmother that bright day when sunshine dissolved distasteful memories of a long, brutal winter. Christan Goble held the 3 1/2-year-old girl in a crowd of more than 200 …
accūrō Solutions acquires Iowa’s Splashlight Solutions
Laccūrō Solutions, which manages medical bill review and payment processes for payers in the property and casualty industry, has acquired Splashlight Solutions, a national workers’ compensation bill review service provider based in West Des Moines, Iowa. The purchase price was …
People Moves: MGA DUAL North America Appoints 3 Industry Veterans for Leadership Roles; AXA XL Insurance Names Duke as Head of Pricing, Mid-Market Team
MGA DUAL North America Appoints 3 Industry Veterans for Leadership Roles DUAL North America Inc., a subsidiary of Howden Group, has appointed three industry veterans to leadership and key underwriting roles through promotion and new hires. Jim Jinhong was promoted …
New Jersey Appeals Court Affirms War Exclusion Does Not Apply to Cyber Attack
The appellate division of New Jersey Superior Court has upheld a state trial court opinion that the war exclusion in drugmaker Merck & Co.’s all-risk property insurance policies does not apply in the case of the cyber attack that the …
Lawmakers from Western States Want More Done to Confront Wildfire Crisis
Lawmakers from several western states want the U.S. Forest Service to do more to address a wildfire crisis that they say will surely destroy more landscapes, communities and livelihoods as long-term drought persists around the West. They grilled Forest Service …
Hub Acquires The Wooditch Company in California
Hub International Ltd. acquired the assets of The Wooditch Company Insurance Services Inc. in Irvine, California. The Wooditch Company team will join Hub LAOC. The Wooditch Company is a privately held commercial insurance, risk management and employee benefits services firm …
Leavitt Group Expands with Another North Carolina Agency Acquisition
Leavitt Elite Insurance Advisors, part of the multi-state Leavitt Group, has merged with another North Carolina agency. Simmons Insurance Agency, with offices in Pilot Mountain and Mount Airy, was founded in 1973 and has been managed by Pam Morgan since …
BMS Group Acquires Australian MGA GARD Insurance
BMS Group, the London-based independent specialist re/insurance broker, has acquired the Australian managing general agent GARD Insurance Pty Ltd., which includes ALE underwriting. The terms of the transaction have not been disclosed. GARD was founded in 2015 and provides public …