INSURANCE NEWS
Artmeis Announces Partnership With Louisiana’s Ozark
Artemis Insurance, a full-service insurance agency and the new parent brand of Texan Insurance, announced its partnership with Louisiana-based Ozark Insurance Agency, a provider of personal and commercial insurance solutions for six decades. Ozark Insurance Agency was founded by Robert …
Kin Launches Home Insurance Product in California
Kin, a direct-to-consumer, digital home insurance provider, has expanded into California with a homeowners insurance product. The policies in California are marketed and distributed through Kin Insurance Services, a California surplus lines broker. California policies are underwritten by a non-admitted …
California Highway Patrol Blames Drug Use, Speeding for Cybertruck Crash That Killed 3
Drug use and excessive speed were to blame for last year’s fiery crash of a Tesla Cybertruck that killed three college students near San Francisco, the California Highway Patrol said in a preliminary report. Four people were in the Cybertruck …
King Risk Partners Acquires Rhode Island’s Insurance Center
Fast-growing insurance broker King Risk Partners has acquired The Insurance Center, an independent insurance agency in Warwick, Rhode Island. Terms were not disclosed. Founded in 1973, The Insurance Center serves individuals, families, and businesses in Warwick and throughout Rhode Island, …
Arthur J. Gallagher to Acquire Woodruff Sawyer in California for $1.2B
Arthur J. Gallagher & Co. has signed a definitive agreement to acquire San Francisco, California-based Woodruff Sawyer for $1.2 billion. The Woodruff Sawyer team, led by Andy Barrengos, will operate under the direction of Peter Doyle, head of Gallagher’s U.S. …
Arthur J. Gallagher to Acquire Woodruff Sawyer for $1.2B
Insurance brokerage Arthur J. Gallagher & Co. has signed a definitive agreement to acquire Woodruff Sawyer for $1.2 billion. Andy Barrengos, chairman and CEO of San Francisco-based Woodruff Sawyer, will operate under the direction of Peter Doyle, head of Gallagher’s …
Liberty Mutual to Sunset Safeco Brand in 2026
Safeco Insurance will stop being a brand name in 2026, and Liberty Mutual Insurance will sell all of its personal lines products under the Liberty Mutual name. Safeco has been Liberty Mutual’s brand for the independent agent channel to sell …
Ohio to Cut Private Employer Workers Comp Rates by 6%
The Ohio Bureau of Workers’ Compensation board of directors announced a 6% rate cut for private employees effective July 1, 2025. The reduction follows a 7% rate cut for private employers last year. Ohio’s private employers will pay nearly $60 …
Iowa Sues Bitcoin Depot and CoinFlip Over Millions Lost to Crypto Scams
Iowa Attorney General Brenna Bird last week announced lawsuits against Bitcoin Depot and CoinFlip, Iowa’s two largest cryptocurrency ATM operators, over their failures that allowed Iowans to transfer millions of dollars to scammers through their kiosks. In October 2023, the …
Cyber Insurance Firm Coalition Gets $30M Equity Investment From Mitsui Sumitomo
Global cyber insurance provider Coalition announced a new $30 million equity investment from Insurance Co., Ltd. (MSI), a member of MS&AD Insurance Group. The investment anchors a strategic partnership aimed at bringing what San Francisco-based Coalition calls its “Active Insurance” …
People Moves: Wilson Named Deputy Chair of Argenta Syndicate Mgmt as Whiter Steps Down; Specialty MGA UK Hires Hussain as Head of Political, Credit Risk
This edition of International People Moves details appointments at Argenta Syndicate Management and Specialty MGA UK. A summary of these new hires follows here. Wilson Named Deputy Chair of Argenta Syndicate Mgmt as Whiter Steps Down Argenta Holdings Ltd., the …
Texas Beekeepers Facing Soaring Bee Losses, Threatening Agriculture Industry
Since starting their beekeeping business southwest of San Antonio in late 2019, the Wheeler family has aimed to produce about 3,000 bee colonies each year, many of which are used to pollinate crops like watermelons and pumpkins. In the last …