INSURANCE NEWS
Global Natural Disasters Cost Insurers $99B in Q3, With Economic Losses of $227B: Aon
Global natural disaster events to the end of Q3 2022 caused total economic losses estimated minimally at $227 billion – of which $99 billion was covered by public and private insurers, which means that insured losses will top $100 billion …
Business Leaders Overconfident About Cyber Threats: Beazley
Cyber remains a top concern, but business leaders may be overconfident about their resilience against the threat, according to new research from Beazley. Cyber was chosen as the No. 1 technology risk for 28% of UK and U.S. respondents in …
Hotaling Insurance Services Merges with Florida’s Akumen Insurance
Hotaling Insurance Services, a family-owned brokerage and risk management team, has merged with Akumen Insurance Advisors of south Florida. The deal becomes effective Jan. 1. Terms were not disclosed. Akumen has offices in Miami, Fort Lauderdale and Doral. Akumen CEO …
Choice Financial Acquires Georgia Pines; Hilb Adds Allegacy Unit
Choice Financial Group, a regional insurance agency based in Virginia Beach, said it has acquired Georgia Pines Agency, expanding its footprint into Georgia, Florida and California. GPA, headquartered in Kennesaw, Georgia, is a full-service agency with 12 offices and 65 …
People Moves: One Call Names Perez CFO
Jacksonville-based One Call, a care management firm for the workers’ compensation industry, announced that it has named Juan Perez chief financial officer. Perez was previously CFO at WellPath, a health care company based in Tennessee. At One Call, he will …
Crist’s Claim of Cutting Insurance Rates ‘Mostly True,’ Politifact Says
A fact-checking publication known for its thorough examination of claims made by politicians has deemed Charlie Crist’s statement that he once reduced Florida property insurance rates by 10% to be “mostly true.” Crist, the Democratic nominee for Florida governor, has …
New Hampshire County Defeats ‘Deliberate Indifference’ Claim Over Inmate’s Death
A federal court has dismissed claims that New Hampshire’s Hillsborough County, along with the nurses and outside medical providers for the county’s Valley Street Jail, are liable in the death of an inmate who experienced alcohol withdrawal and later died. …
Climate Concern Dropped Amid the Pandemic, but Not for Everyone
Evidently, climate concern dropped last year. A new Gallup World Risk Poll shows fewer than half of those questioned said climate change poses a “very serious threat” to their nations in the next 20 years. It was down overall, but …
Inszone Acquires Texas’ Proctor Insurance
Inszone Insurance Services announced the acquisition of Proctor Insurance, providing the fifth acquisition in the state of Texas. Based in Houston, Proctor offers business and personal lines and specializes in hotels and motels. The agency was founded by Jeff Proctor …
Arthur J. Gallagher Acquires Illinois-Based Cason, Huff & Schlueter
Arthur J. Gallagher & Co. announced the acquisition of Quincy, Illinois-based Cason, Huff & Schlueter Insurance. Terms of the transaction were not disclosed. Founded in 1923, Cason, Huff & Schlueter is a retail insurance agency specializing in personal and commercial …
Ohio Personal Injury Attorney Sentenced to Prison for Insurance Fraud
Ohio Department of Insurance director Judith L. French announced that former attorney Anthony Fusco, of Youngstown, was sentenced on October 7 in the Mahoning County Court of Common Pleas to 18 months in prison for felony insurance fraud. Fusco was …
Snow Storm Hits Michigan’s Upper Peninsula, Causing Power Outages
It’s beginning to look a lot like winter in Michigan’s Upper Peninsula, with snow falling and high winds toppling trees and causing power outages. MLive reported that as much as 18 inches (45 centimeters) of snow fell as of Tuesday …