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The total of insurance agency mergers and acquisitions as of the end of September was down 10% from the same period in 2023, according to investment banking and financial consulting firm OPTIS Partners. OPTIS Partners’ M&A database counted...
Posted: Oct 31, 2024
Aerospace startup Sceye has partnered with NASA and the U.S. Geological Survey to deploy climate management tools to monitor wildfires and storms from the edge of space, the company and the government agencies exclusively told Reuters on Tuesday. Sce...
Posted: Oct 31, 2024
Flooding from Hurricane Milton appears to have been more extensive than initially determined, affecting almost 185,000 buildings all across Florida, says a new analysis from ICEYE, a firm that uses satellite images to measure damage for the insurance...
Posted: Oct 31, 2024
As a sprawling liability case takes shape following the deadly collapse of Baltimore’s Francis Scott Key Bridge in March, the owner and manager of the container ship Dali are seeking to deflect responsibility and cast blame elsewhere. Attorneys...
Posted: Oct 31, 2024
InterWest Insurance Services acquired McDermott-Costa Insurance Brokers in San Leandro, California. John Johnson and Mike McDermott will remain in leadership roles. InterWest is headquartered in Sacramento. McDermott-Costa Insurance Brokers is an emp...
Posted: Oct 31, 2024
At New Century Motorcycles in Alhambra, a handful of electric motorcycles are relegated to the back of the store, tucked behind the dirt bikes. The store sells one a month, at most, a salesperson said. Motorcyclists have long loved their …
Posted: Oct 31, 2024
Federal investigators say an electrical system malfunctioned, the autopilot quit and some radio communications were disrupted aboard a Frontier Airlines plane shortly before the pilots made a fiery but safe emergency landing in Las Vegas earlier this...
Posted: Oct 31, 2024
This post is part of a series sponsored by Darkhorse Insurance. Being an insurance agent isn’t just about selling policies; it requires a combination of knowledge, dedication, and skills that help you succeed in a highly competitive industry. W...
Posted: Oct 30, 2024
Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to a loss of $41 million during the same time a year ago. The Northbrook, Illinois-based insurer recorded an improvement in &...
Posted: Oct 30, 2024
Operating a business comes with its share of challenges, but having an insurance partner that strives to understand and align with your operations can make all the difference. The post
Posted: Oct 30, 2024
We reached out to Procore for a comment.
Posted: Oct 30, 2024
Here are four things Nathan Riedel, Big “I" senior vice president of federal government affairs, and Molly Abboud, Big “I" director of political affairs highlighted for independent agents and brokers to watch on election night.
Posted: Oct 30, 2024
While down, the pace of mergers & acquisitions appears to be stabilizing, with 198 deals announced in the third quarter of 2024, up 14% from 173 in the second quarter of 2024.
Posted: Oct 30, 2024
In the market right now, prospective buyers are not determining the price they will pay for an agency based on revenue alone, but instead on earnings before interest, taxes, depreciation, and amortization (EBITDA).
Posted: Oct 30, 2024
Insurers and risk capital partners can now harness the same powerful tools used by MGA members and internal teams to optimize risk management and drive superior underwriting results.
Posted: Oct 30, 2024
The wildfire-focused MGA will use the funding to drive faster expansion to other states and development of new products.
Posted: Oct 30, 2024
Wong is tasked with driving value creation to guide the company through its next phase of growth.
Posted: Oct 30, 2024
Ford joins Berkshire Hathaway Travel Protection after serving as regional vice president of sales with AIG Travel Guard.
Posted: Oct 30, 2024
The Assurant Heavy Truck Extended Service Contract joins existing solutions.
Posted: Oct 30, 2024
Bindable's ready-made virtual agency solution allows for the rapid launch of an expertly-guided insurance program, providing the essential infrastructure and tools for accelerated success.
Posted: Oct 30, 2024
Survey Finds Consumers See Link Between Attorney-Repped Claims and Higher Auto Insurance Costs Drive along any st...
Posted: Oct 30, 2024
Commercial Brake Safety Week Results Show Only 13% Had Out of Service V...
Posted: Oct 30, 2024
Westhoff will be responsible for leading the $1 billion-plus Commercial Insurance portfolio.
Posted: Oct 30, 2024
B.P. Marsh has provided £2.5 million of funding via a mixture of equity and debt.
Posted: Oct 30, 2024
Posted: Oct 30, 2024
Global insurer AXA’s property & casualty (P&C) and specialty risk division, AXA XL, achieved gross written premium (GWP) and other revenues growth of 7% in the first nine months of 2024 to €44.5 billion, supported by 10% year-on-year...
Posted: Oct 30, 2024
Consumers Sue McDonald’s in Proposed Class Action Over E.coli Outbreak M...
Posted: Oct 30, 2024
The Louisiana Department of Insurance said that the 400 Louisiana Fortify Homes Program (LFHP) registrants who were placed on the waitlist after registering for the fifth round of grants last month have been moved to active participant status and may...
Posted: Oct 30, 2024
A Missouri grain cooperative could have prevented an employee’s fatal engulfment in a storage bin in May 2024 had it followed federal workplace safety requirements, the U.S. Department of Labor determined. Responding to the employer’s rep...
Posted: Oct 30, 2024
California workers' comp market sees modest premium growth, flattening rates, and evolving loss ratios amid pandemic recovery. The post
Posted: Oct 30, 2024
MADISON, Wis. (AP) — Wisconsin Republican Senate candidate Eric Hovde has repeatedly defended his self-professed lack of knowledge about the U.S. farm bill in the campaign’s closing days, after first saying in a debate that he is “not an...
Posted: Oct 30, 2024
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Pharmacists Mutual Insurance Company (PMIC) and i...
Posted: Oct 30, 2024
China Reinsurance Group (China Re) has generated a net profit of RMB 2,411 million (USD 337m) for the first nine months of 2024, driven by a strong result of RMB 1,272 million (USD 178m) in its P&C business which produced a combined ratio of 9...
Posted: Oct 30, 2024
VAN ALSTYNE, Texas (AP) — Investigators suspect a propane leak caused an explosion that leveled a home and killed its two occupants in a community just north of Dallas early Monday morning. First responders received the call at 1:19 a.m. …
Posted: Oct 30, 2024