Monthly Archives: <span>May 2016</span>

Business Moves

Alliant, Andre-Romberg Alliant Insurance Services Inc. has acquired Spokane, Wash.-based Andre-Romberg Insurance Agency. Terms of the deal were not disclosed. Andre-Romberg will operate as part of Alliant Americas. Kurtz, along with Andre-Romberg’s entire management team and staff, will join Alliant …

Employers Pay as 32% of Opioids Prescriptions Are Abused: Report

Nearly one out of every three (32 percent) opioid prescriptions, which are subsidized by America’s employers, is being abused, according to a report by a healthcare data and technology company. San Francisco-based Castlight Health Inc. released the study, “The Opioid …

My New Markets

My New Markets is brought to you by Insurance Journal’s sister website: www.mynewmarkets.com Need a Market? Find it. FAST. Bars, Taverns and Restaurants Market Detail: M.J. Hall & Company Inc. writes bars, taverns and restaurants. Bar and tavern insurance covers …

How Does an Agency’s Digital Proficiency Affect Its Value?

We have talked about the many reasons why agents need to add up-to-date digital tools to stay competitive. One possible reason is the financial penalty an agency could pay in diminished value without a truly up-to-date, distinctive website and effective …

People – South Central

LevelFirst, a wholesale insurance broker and MGA binding facility owned by IIAT Services Co., appointed Rhonda Fomby as vice president. Fomby assumes the responsibility of underwriting new business opportunities with the MGA Binding Authority Division. In addition, she will broker …

San Antonio Hailstorm: Costliest Ever in Texas?

A hailstorm that covered a swath of nearly 70 miles hit the San Antonio area on April 12 and is estimated to become the costliest such storm in Texas history, an insurer trade group says. The storm was concentrated in …

Earthquake Insurance Rates a Concern in Oklahoma

Concerned about a lack of competition in the state’s earthquake insurance market, Oklahoma Insurance Commissioner John Doak has set a public hearing to investigate rising rates. The May 24 hearing will include data gathered by the Oklahoma Insurance Department, as …

April Flood Among Houston’s Most Severe Non-Tropical Cat Events

Major flooding in the Houston metropolitan area that began on Sunday, April 17, 2016, and continued throughout the week is expected to result in billions of dollars in losses, both insured and uninsured. According to catastrophe modeling firm, RMS, the …

Workers’ Comp Market Share: South Central States

The workers’ compensation insurance markets in South Central states are relatively stable and are experiencing a drop in rates across the board. However, reforms made in Oklahoma in 2013 continue to be challenged in court and medical costs remain a …

Former Connecticut Agency Owner Sentenced to Prison

A Connecticut insurance agent authorities say defrauded a specialty lender, insurance carriers, the city of Hartford and the state of Connecticut out of more than $2 million to fund a lavish lifestyle has been sentenced to more than six years …