The owners of AmWINS Group Inc., the largest wholesale insurance broker in the United States by premiums placed, have put the company up for sale, expecting a valuation of about $1.5 billion, three people familiar with the matter said on …
Palomar Insurance Corp, a Montgomery, Alabama-headquartered insurance brokerage, said it has acquired Martin Grace Benefit Group Inc. in Birmingham. Martin Grace is an employee benefit and insurance consulting firm. Tony Craft, CEO of Palomar, said the acquisition is in keeping …
Massachusetts lawmakers are weighing a bill that would require privately-owned tunnels to be insured if the tunnels are used by the traveling public. Under the bill, the state Office of the Inspector General would determine how much and what kind …
The family of a 15-year-old Tabiona girl who died when their Ford Excursion crashed into a 20-foot-deep sinkhole is suing the Utah Department of Transportation. The parents of Justine Barneck said road crews failed to warn motorists of the hazard …
Two skiers injured in separate collisions with snowboarders have filed lawsuits against a Lake Tahoe, Nev. resort claiming it was part of a pattern of accidents caused by seasonal employees from abroad with little training and no insurance. The latest …
Sterling & Sterling appointed industry veteran Betsy Good to the newly created position of senior vice president, director of strategy. In her new role, she will be responsible for identifying and developing new carrier relationships, new program development, marketing of …
The National Association of Mutual Insurance Companies (NAMIC) has named Paul Tetrault to the position of state and policy affairs counsel. Tetrault has served as Northeast state affairs manager for NAMIC for more than six years. In his new position, …
Seismologists say they’ve detected a magnitude-3.1 earthquake off the Oregon coast. The U.S. Geological Survey reports the quake occurred at 4:37 a.m. with an epicenter 27 miles west of Newport. There were no immediate reports of damage.
A federal audit has recommended that Texas repay $9 million in alleged overcharges related to administration of hurricane recovery funds. Hurricanes Dolly and Ike hit Texas in 2008. The U.S. Department of Housing and Urban Development has made $1.4 billion …
Marsh & McLennan Agency, a unit of Marsh Inc. acquired KSPH, a $5 million revenue employee benefits agency in Glen Allen, Va. Launched in 2000, KSPH offers employee benefits and retirement plan services to middle market clients in Virginia. KSPH …
