INSURANCE NEWS
Hub Acquires Fairfield County Bank Insurance Agency
Global insurance broker Hub International Limited announced that it has acquired the assets of Fairfield County Bank Insurance Services, LLC. Terms of the transaction were not disclosed. Headquartered in Ridgefield, Connecticut, with additional offices across the state and in New …
Swarm of Moderate to Strong Quakes Hit Alaska’s Aleutian Islands
A series of moderate to strong earthquakes that struck Alaska’s western Aleutian Islands and offshore areas Sunday comprised what scientists call a “swarm,” but the state’s earthquake monitors said the seismic events should not cause residents to worry. There were …
Texas Mutual Awards $4.5M in Grants to Support Workforce Safety
Texas Mutual Insurance Company is announcing the recipients in the second round of its 2024 request for proposal initiative. The company is awarding more than $4.5 million to nearly 70 organizations across the state to support their efforts in workforce …
Iowa Woman Pleads Guilty to Fraudulent Injury Scam at Casino
An Iowa woman pled guilty to one count of presenting false information to an insurer over an alleged fraudulent injury at a casino, following an investigation by the Iowa Insurance Division’s Fraud Bureau. Tonya Weber, age 35, of Marshalltown, pled …
Texas Stock Exchange to Open Temporary Dallas HQ Next Year
The Texas Stock Exchange is getting ready to plant its flag in the Dallas real estate market. The upstart bourse backed by investors including BlackRock Inc. and Citadel Securities will open a temporary headquarters this spring at the Weir’s Plaza …
Specialist Risk Group Buys UK Broker R3 in Its 11th Acquisition of 2024
Specialist Risk Group (SRG), the London-based insurance intermediary backed by Warburg Pincus and Temasek, announced the acquisition of specialist insurance broker, R3. R3 is SRG’s 11th acquisition in 2024, following previous acquisitions which include Stonehatch, Capulus, and Anthony James Insurance …
Bridge Specialty Group Acquires Assets of Wisconsin’s ARMR
J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and David Dybdahl and Cynthia Statz, owners of American Risk Management Resources Network, LLC (“ARMR”), announced that a Bridge Specialty Group company and subsidiary of Brown & Brown, …
NFP Expands Presence in Texas With Acquisition of Capstone Strategies
NFP announced the acquisition of Capstone Strategies, LLC, a P&C and benefits broker located in Midland, Texas. Capstone Strategies founders Blake Johnston and Brandon Sheppard will join NFP as senior vice presidents, reporting to Amanda Ruback, P&C managing director in …
North Carolina Town Sues Duke Energy Over Climate Crisis
A town in North Carolina sued utility firm Duke Energy DUK.N on Wednesday, accusing the company of deceiving its customers and the broader public about the harms of climate change. The town of Carrboro, about 30 miles from the state …
Economic Threats Top of Mind for US Business Leaders
Economic downturn, labor shortages and inflation top the list of concerns for business leaders globally, according to the World Economic Forum’s 2024 Executive Opinion Survey, released by strategic partners Marsh McLennan and Zurich Insurance Group. Poverty and inequality ranked fourth …
US Small-Business Optimism Soars to Three-Year-High After Trump Win
US small-business optimism surged in November to a more than three-year high in anticipation of more favorable economic policies after Donald Trump sealed his return to the White House. The National Federation of Independent Business optimism index jumped 8 points, …
Trucordia Acquires Business of Virginia’s Archibald Insurance
Utah-basrd insurance broker Trucordia has acquired the insurance business of Archibald Insurance, an agency with offices in Richmond, Midlothian and North Chesterfield, Virginia. Archibald Insurance offers personal and commercial insurance. By joining Trucordia, the Archibald team seeks to access expanded …