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Freeway Acquires Can-Do & Showers Insurance Agency in Idaho
Freeway Insurance, a division of Confie, acquired Can-Do & Showers Insurance Agency in Idaho. The acquisition is the first for Freeway Insurance in Idaho, and the 150th by the company since 2008. As part of the acquisition, Freeway Insurance will …
POSTED JANUARY 19, 2022 6:31 PM |
Controlled Burn Likely Source for Bastrop County, Texas Wildfire
A wildfire burning east of Austin, Texas was likely the resulted of a planned burn, officials said. The Rolling Pines Fire in Bastrop County had burned through more than 780 acres and was 30% contained as of the morning of …
POSTED JANUARY 19, 2022 5:53 PM |
People Moves: Hamilton Names AIG’s Friston for Financial Lines; WTW Hires Marsh’s Baker for FINEX Banking; Howden Re Taps Berkley Re’s Pike for Treaty Reinsurance
This edition of International People Moves details appointments at Hamilton Re, Willis Towers Watson and Howden Re. A summary of these new hires follows here. Hamilton Appoints AIG’s Friston for Financial Lines Insurance Hamilton Insurance Group Ltd. announced the launch …
POSTED JANUARY 19, 2022 5:40 PM |
People Moves: Actuarial Risk Management Names Cummings as Senior Consulting Actuary; Rockford Adds Pair
Actuarial Risk Management Names Terrence Cummings as Senior Consulting Actuary Actuarial Risk Management, a actuarial consulting firm, has addedTerrence Cummingsas senior consulting actuary. In this new role, Cummings will lead the establishment of a global Actuarial Modeling Center of Excellence …
POSTED JANUARY 19, 2022 5:26 PM |
Alera Group Acquires New York-Based International Broker Foa & Son
Alera Group reports it has acquired Foa & Son, an international insurance broker based in New York City. Terms were not disclosed. Founded in 1861, Foa & Son maintains commercial practice groups in multinational clients, food and beverage, real estate …
POSTED JANUARY 19, 2022 5:16 PM |
Multi-Family Property Insurtech Honeycomb Raises $15.4 Million, Plans Expansion
Digital insurance provider Honeycomb announced it has raised $15.4 million in a Series A funding and plans to expand into more states. The reinsurance-backed managing general agent (MGA) touts a technology stack for multi-family properties that streamlines the insurance buying …
POSTED JANUARY 19, 2022 4:56 PM |
Loss Experience Drives Prices During January Reinsurance Renewals: Fitch
Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during the January 2022 reinsurance renewals, while loss-free lines of business attracted additional capital, which caused prices to stay stationary or …
POSTED JANUARY 19, 2022 4:34 PM |
Judge Nixes Former Employees’ Suit Against Marsh & McLennan Over 2021 Data Breach
A federal judge in New York has dismissed a potential class action against Marsh & McLennan by two former employees who sued after the firm suffered a data breach in 2021. The plaintiffs, Florida residents Nancy Bohnak and Janet Lea …
POSTED JANUARY 19, 2022 4:31 PM |
Kentucky Transportation Cabinet to Hold Meeting on Safety of Flood-Damaged Dam
Ten months ago, historic flooding in eastern Kentucky displaced dozens of people and damaged homes and businesses all along the Kentucky River. The flooding also caused an embankment on Panbowl Lake, near Jackson, Kentucky, to begin to slip, raising new …
POSTED JANUARY 19, 2022 4:22 PM |
$1 million Available for Tennessee Volunteer Fire Department Equipment
The Tennessee Department of Commerce and Insurance is reminding residents that the state has $1 million available for firefighting equipment for the state’s more than 500 volunteer fire departments. The department and the state Fire Marshal’s Office announced on Tuesday …
POSTED JANUARY 19, 2022 3:43 PM |
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