USI Insurance Services (USI) has acquired the property/casualty business of Alexander & Associates Insurance Services LLC (Alexander & Associates) in El Paso, Texas. The Alexander & Associates team, including Jay D. Alexander, Alexander & Associates’ president, will join USI’s El …
Hub International Limited (Hub) has acquired Group Benefit Specialists (GBS), a Wichita, Kan.-based employee benefits brokerage. Terms of the acquisition were not disclosed. The GBS team will continue to operate from their existing office in Wichita. Mark Isley, president of …
Michigan’s top insurance regulator has taken a stance against a bill that would allow lawmakers to appropriate money for road projects from the state-created mechanism to reinsure unlimited medical benefits provided for in the state’s no-fault system. In a statement, …
New York considers drivers for ride-hailing car services such as Uber freelance workers rather than employees, according to the city’s chief taxi regulator, a policy that supports the company’s business model. The view, expressed by Meera Joshi, chairwoman of the …
Evacuations orders have been lifted for a Central Washington wildfire, officials said Tuesday. Firefighters worked to continue strengthening fire lines, and do mop up work on the 22,212 acre blaze, which is now 80 percent contained, according to fire officials. …
Authorities say human activity caused a Southern California wildfire that burned four buildings and 49 square miles of forest land. However, it’s unclear whether the fire was set on purpose or by accident. The blaze erupted on June 17 in …
Lloyd’s has announced that it has received approval from the Colombian authorities to open a representative office in Bogotá. The bulletin noted that “under the new Lloyd’s representative office license, Lloyd’s syndicates are able to establish business development and underwriting …
Risk Strategies Co. has acquired MacCorkle Insurance Service in Burlingame, Calif. The terms of the deal were not disclosed. Bernard Lauper, CEO, and Keith Fujishige, principal, will remain with the combined firm, as will their respective teams. MacCorkle provides health …
In the midst of a serious drought, it’s time to become concerned about a coming flood. Orbiting high above the Pacific Ocean, a Japanese weather satellite has spied the embryonic stages of a massive El Niño weather system that, once …
The recent volatility of China’s stock market is not expected to affect the ratings of domestic insurers, according to a new briefing issued by A.M. Best*. Putting the volatility into context, A.M. Best noted that the Shanghai Composite Index fell …
