Monthly Archives: <span>February 2019</span>

S.S. Nesbitt & Co. of Alabama Renamed Valent Group

EBSCO Industries, Inc. (EBSCO), a privately held global company, has renamed its risk consulting and insurance division to Valent Group. Previously known as S.S. Nesbitt & Co., the firm has been a part of the EBSCO family of companies since …

Lee Appointed VP, Commercial Lines at Island Insurance in Hawaii

Island Insurance, a Honolulu, Hawaii-based property and casualty (P/C) insurance carrier, appointed Daniel Lee as vice president, Commercial Lines. Lee will oversee Island’s commercial insurance division, which includes commercial underwriting, commercial operations, risk control, premium audit and surety bonds. Lee …

Hub International Adds Hickey in Indianapolis, Acquires Motorsports Business

Chicago-based insurance brokerage Hub International Limited (Hub) has hired sports and entertainment specialist, Darren Hickey, and acquired a motorsports book of business as well, the company announced. Hickey, who is based in Indianapolis, will join Hub Southeast, bringing with him …

Feds Order Alabama Contractor to Pay $82K in Back Wages to 17 Employees

An Alabama company has paid $82,515 in back wages and fringe benefits to 17 employees following a federal investigation into labor law violations. Al.com reports Marathon Electrical Contractors, based in Irondale, was contracted to renovate the clinic at Tyndall Air …

WTR Launches Accounts Receivable Insurance Program

Waldorf Trade Risk, LLC (WTR), an insurance program administrator specializing in trade credit risk, has launched ReceivaSure, an accounts receivable insurance program for small- and medium-sized companies built on an end-to-end digital underwriting platform capable of processing most quotes in …

New Mexico County to Pay $1.75M to Settle Suits over Deadly 2017 Shooting

New Mexico’s Bernalillo County will pay almost $2 million to settle a series of lawsuits stemming from a deputy’s 2017 fatal shooting of two unarmed suspects. KRQE-TV reports the county will make a $1.75 million payout to resolve litigation in …

Wisconsin Insurance Commissioner Afable Names 3 to Leadership Team

Wisconsin’s new insurance commissioner, Mark Afable, has made three additional appointments to the Office of the Commissioner of Insurance’s (OCI) leadership team Nathan Houdek has been tapped to serve as deputy commissioner. In that role, Deputy Commissioner Houdek will be …

Knight Appointed Texas Sales Director for Athens Administrators

Athens Administrators, a provider of third-party claims administration services, has tapped Catharine Knight as its new Texas sales director. Knight has more than 25 years in the healthcare and insurance industry as an all-lines adjuster, a sales director for ancillary …

AM Best Upgrades Credit Ratings of Oklahoma Farm Bureau Mutual Group

AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Ratings to “bbb” from “bbb-” for the members of the Oklahoma Farm Bureau Group: Oklahoma Farm Bureau Mutual Insurance Co. and …

Credit Ratings of South Dakota’s Northwest G.F. Mutual Insurance Upgraded

AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” from “bbb-” of Northwest G.F. Mutual Insurance Co. (NWGF), a small farm and personal lines insurer in Eureka, …