Monthly Archives: <span>March 2014</span>

N.Y.-Based Russell Bond Expands Operations to Tennessee

Russell Bond & Co. Inc., an insurance wholesaler based in Buffalo, N.Y., announced Philip C. Wilson has joined the firm as a broker.Based in Nashville, Tenn., Wilson will focus on providing services for retail brokers located in Tennessee, Louisiana, Mississippi …

Agency M&A in 2013 Reverted to Norm After Busy 2012: OPTIS Partners

Mergers and acquisitions of insurance agencies fell in 2013, with 248 reported transactions in the United States and Canada, according to a new semi-annual survey by OPTIS Partners, an investment banking and financial consulting firm specializing in the insurance industry. …

Veracity Insurance Expands Security Program to New York

Veracity Insurance Solutions, LLC has expanded its alarm and security program into New York State. The addition of New York completes the list of territories allowing Veracity to provide coverage to the alarm and security industry nationwide. All coverage lines …

Allied World Bermuda Upgrades Public Company D&O Coverage

Allied World Bermuda has upgraded its Executive ForceField policy to provide enhanced coverage for the protection of directors and officers of public companies. This upgraded Side ‘A’ directors & officers excess and lead difference-in-conditions insurance policy provides broad ‘Side A’ …

IFPA: Insurance Fraud Reporting in Penn. Rose to All-Time High in 2013

The Pennsylvania Insurance Fraud Prevention Authority (IFPA) announced this week that the reporting of insurance fraud in Pennsylvania increased to an all-time record-high in 2013. Reporting jumped by 9 percent to 3,582 fraud referrals in 2013 over the previous year, …

Rising Population Leads to Increase in Texas Auto Injury Crashes, Fatalities

Texas’ rapidly expanding population has given rise to something else: more deadly car crashes. The number of fatal automobile crashes in Texas has been on the decline since 1980, but that trend may have come to a screeching halt. For …

Alaska Sues Over North Pole Refinery Contamination

The state of Alaska has sued current and former owners of a North Pole refinery, claiming both caused or failed to stop a chemical spill that has damaged soil and groundwater. The lawsuit claims current owner Flint Hills Resources and …

Weather Service in Oklahoma Runs Social Media ‘Tornado Drill’

Melody Holeman has no TV and lives in such a rural part of the Oklahoma Panhandle that she can’t even pick up a signal on the weather radio that the Red Cross gave her. When powerful storms barrel through the …

Sioux Falls, South Dakota Flood-Control Project Nearly Complete

Sioux Falls, S.D., officials can almost see the finish line in a flood-control upgrade project that has lasted nearly 15 years. But the work construction crews are completing in the city’s west side was not part of the original project. …

Oregon Newspaper Sued Over Rental Ad Prohibiting Children

The state labor agency has sued a weekly Junction City newspaper over a rental ad that prohibited families with children. The Register-Guard reported the lawsuit filed against The Tribune News is seeking $59,500 in damages. The ad, which ran once …