Monthly Archives: <span>March 2018</span>

Lockton Benefit Group Adds Kirschbaum in St. Louis

Lockton Benefit Group (LBG) has added Jay M. Kirschbaum to its Compliance Services team. He is based in St. Louis, Missouri. Kirschbaum has more than 30 years of experience as a tax attorney specializing in employee benefits. Previously he led …

North Dakota’s NI Holdings Announces $10M Stock Repurchase Plan

North Dakota-based insurance holding company, NI Holdings Inc. announced its board of directors has authorized a repurchase of up to approximately $10 million of the company’s outstanding common stock. The company said the authorization supports its planned approach to capital …

Texas Agencies TCOR, Legacy, MS&B Merge

New Braunfels, Texas-based TCOR Management announced a merger with Legacy Insurors Group LLC, and MS&B Bonds and Insurance Services LLC, effective March 1. The operations of these two entities will continue under TCOR management. Rowdy Nutt, previous principal of Legacy, …

In a Switch, Live Operator Answers Phones at Oklahoma Work Comp Commission

The Oklahoma Workers’ Compensation Commission (WCC) has replaced its automated answering service with a live operator during normal hours of operations. Announcing the switch, Commissioner Mark Liotta stated he finds “it extremely frustrating to call my government and be met …

CEO of Ohio’s Loan Protector Insurance Services Buys Back Firm

The CEO and managing partner of Solon, Ohio-based Loan Protector Insurance Services has purchased the company from insurance brokerage Willis Towers Watson. The buyout by Dennis Swit was financed by InsurBanc. The 150-employee business was acquired by Willis Towers Watson …

Chemical Industry Calls for $14B Gulf Coast Storm Barrier

Chemical companies are pressing federal officials to spend billions of dollars on a coastal flood control system near Houston to protect petrochemical plants, oil refineries and shipping infrastructure from the next hurricane. The coastal spine, as the project is called, …

Managing Time Expectation for Claims Key to Keeping Homeowners Happy

Overall customer satisfaction among homeowners filing property insurance claims has reached a new all-time high, despite record-high property losses following a spate of hurricanes, earthquakes and fires in North America. That’s according to the J.D. Power 2018 U.S. Property Claims …

Hub Acquires Assets of Utah-Based Spectra Management

Hub International Ltd. has acquired the assets of Sandy, Utah-based Spectra Management LLC. Terms of the deal were not disclosed. Brent Bennett, president and CEO of Spectra, will continue to lead Spectra operations. Spectra specializes in helping companies create employee …

Drugmakers Scale Back Marketing of Opioids

Purdue Pharma LP’s decision to stop promoting its opioid drugs to doctors is being hailed as the first result of a judge’s push for concrete solutions to a nationwide epidemic, even though the company says the move has nothing to …

Hub International Limited Acquires Massachusetts’ Rubino Enterprises

Hub International Limited (Hub), a global insurance brokerage, has acquired the assets from Rubino Enterprises Inc. (formerly known as TYG Insurance Agency Inc.). Terms of the acquisition were not disclosed. Based in Arlington, Mass., TYG Insurance provides commercial and personal …