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

Insurance Industry Increases Spending With California Diverse Suppliers By $670M

California Insurance Commissioner Dave Jones announced at the 6th Annual Insurance Diversity Summit this week that California diverse businesses supplied $1.6 billion in goods and services to insurance companies last year. That’s a $670 million increase since 2012, according to …

Four Reasons to Explore Underwriting Automation

This post is part of a series sponsored by CoreLogic. If you’re reading this blog, then you are likely interested in learning more about how you can make your company’s property underwriting process more efficient. Although there are many misconceptions …

State Auto’s Extension of CEO LaRocco’s Contract a Vote of Confidence in Turnaround Strategy

Mike LaRocco, who took over president and CEO of State Automobile Mutual Insurance Co. in May 2015, has won the support of the company’s board of directors for an extension of his contract until Dec. 31, 2021. LaRocco has been …

Bedrock Insurance to Acquire Ashmere Insurance, Unit of Struggling Patriot National

Bedrock Insurance Group Holdings LLC (BIGH), based in New York, has agreed to acquire Deerfield Insurance Holdings Inc. and its operating subsidiary Ashmere Insurance Co. (AIC), a workers’ compensation specialty insurance company. Founded in Fort Lauderdale, Fla. in 2016, AIC …

SageSure Insurance Managers Names Morrow Regional VP

Independent residential property managing general underwriter SageSure Insurance Managers, a subsidiary of Insight Catastrophe Group (ICG), has appointed Suzanne Morrow as regional vice president of Sales for the company’s western region. Based in Florida, Morrow will lead the sales team …

Baylor University Honors The Nitsche Group with Community Commitment Award

Independent insurance agency, The Nitsche Group, based in Giddings, Texas, has been presented the 2017 Community Commitment Award by Baylor University’s Institute for Family Business. This distinction is awarded by Baylor University to a successful family business that demonstrates a …

Day Laborers Being Exploited in Texas after Harvey, Advocates Say

Guillermo Miranda Vazquez starts his day in a parking lot near the Home Depot where he easily finds work alongside other day laborers who are cleaning up Houston after Hurricane Harvey. Some days, he clears rotted drywall and hauls out …

ONI Risk Partners Acquires Indiana’s HBG Insurance & Bonds

Indianapolis-based independent insurance broker, ONI Risk Partners (ONI), is acquiring HBG Insurance & Bonds (HBG), a privately owned agency based in Greencastle, Indiana. Led by President Rick Bittles, the HBG team joins ONI’s 300-plus insurance professionals serving business and individual …

Insurance Startup Berkley One Launches in Illinois

Startup insurance provider, Berkley One, has launched in Illinois, the first state of a planned national state-by-state rollout. Working with a select group of independent agents, Berkley One offers home, automobile, fine art and collectibles, and excess liability insurance solutions, …

Oklahoma Sees Increase in Number of Volunteer Firefighters

Almost 200 new volunteer firefighters have joined rural fire departments in Oklahoma two years after successful legislation eliminated the age limit for new volunteers, according to state lawmakers. House Bill 2005, authored by Rep. Mike Sanders and Sen. AJ Griffin, …