Monthly Archives: <span>March 2017</span>

Baldwin Risk Partners Partners with Affordable Home Insurance of Florida

Baldwin Risk Partners (BRP), a Tampa, Fla.-based insurance distribution holding company, has partenred with Affordable Home Insurance Inc. (AHI) a Miramar Beach, Fla.-based insurance agency. AHI offers insurance products to individuals and local businesses, with 16 insurance professionals located in …

XL Catlin Launches Kidnap, Ransom & Extortion Endorsement for Aviation Program

XL Catlin has added a kidnap, ransom & extortion (KRE) crisis endorsement to its general aviation insurance coverage for pilots, aircraft carriers and other aviation companies address global travel safety concerns. With limits of liability up to $1 million, XL …

Commentary: Challenge to NCCI Rating Process Could be Significant for Florida

A Florida court’s review of workers’ compensation rating procedures by the National Council of Compensation Insurance (NCCI) could have a substantial impact on the State. The case, Fee v. Florida Office of Insurance Regulation, NCCI, is currently being weighed by …

South Carolina Man Accused of Torching Business for $700K Insurance Payout

Authorities say the owner of a restaurant in Sumter County, S.C., burned down his business on purpose and collected nearly $700,000 in insurance money. Sumter County deputies told media outlets that 57-year-old Ronald Cantey was arrested Monday about seven months …

Labor Department Seeks to Delay Broker Fiduciary Rule for 60 Days for Review

The U.S. Labor Department has taken a first step toward possible derailment or dilution of its controversial rule on retirement advice as it begins to re-examine it at the directive of President Donald Trump, according to a notice made public …

Texas High Court Finds for Insurer in D&O Coverage Dispute

The Texas Supreme Court recently ruled in favor of an insurer in a case that hinged on the applicability of an insured-v.-insured exclusion in the carrier’s directors and officers (D&O) liability policy. The Court’s action reversed the ruling in Great …

On-Demand Homeshare Insurer Slice Enters 5 More States

Slice Labs Inc., a technology startup featuring an on-demand insurance platform for people who share or rent their homes, is now offering its pay-per-use insurance coverage on a limited basis in five additional states: Colorado, Maryland, Massachusetts, Texas and Washington. …

Acentria Acquires Orlando-Based Walker Insurance

Acentria Insurance has finalized its merger with Walker Insurance & Financial Services, Inc., located in Orlando, Fla. Walker Insurance has specialized in personal and business insurance for local residents for more than 29 years and will continue to do so …

The Plexus Groupe Acquires Fairway Financial Insurance

The Plexus Groupe LLC (Plexus), a privately held national insurance brokerage and risk management consultancy based in Deer Park, Ill., has acquired Arlington Heights, Ill.-based Fairway Financial Insurance Group (Fairway), an independent personal lines insurance agency. Fairway will be rebranded …

XL Catlin Names Shertenlieb Central U.S. Leader for Global Risk Management

XL Catlin has appointed Gary Shertenlieb as zonal underwriting manager for Global Risk Management in the U.S. central region. Starting in April, Shertenlieb will lead the division’s primary casualty insurance and underwriting operations in the Central United States. He is …