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

Accused of Stealing $91K Worth of Texas Cattle, Louisiana Man Arrested Again

A Rapides Parish, Louisiana, man wanted for livestock theft in Texas has been arrested in Louisiana, according to the Louisiana Department of Agriculture and Forestry (LDAF). Justin G. Thompson of 127 Pilgrim Road, Hineston, La., was arrested on Sept. 3, …

Houston Business Insurance Agency Acquired by Florida’s AssuredPartners

Florida-based AssuredPartners Inc. has acquired Houston Business Insurance Agency located in Houston, Texas. The acquired agency’s team of five will remain under the operational leadership of Dominique Renaud. Providing property/casualty insurance for businesses of all sizes, Houston Business Insurance Agency …

U.S. Risk Acquires Regency Insurance Brokerage Services of Florida

U.S. Risk, LLC, a property and casualty wholesaler and MGA, has acquired Regency Insurance Brokerage Services, a wholesale broker and MGA headquartered in Hallandale Beach, Fla., with additional locations in New York, New Jersey and South Carolina. The Regency team …

Cyber Coverage Confusion

I had the opportunity recently to read two cyber liability policies and they honestly made my head spin a little. There were coverages that I hadn’t thought about and restrictions that didn’t make sense (at least for a while). The …

Oregon Employers Will Get $160 Million From SAIF

SAIF customers in Oregon will receive $160 million in dividends this year. The SAIF the board of directors declared a $120 million primary dividend to be paid to policyholders based on their premium, and a $40 million safety performance dividend …

Officials Say Woman Stole $28K Diamond Ring from New Jersey Costco

Authorities say a woman stole a $28,000 diamond ring from a New Jersey Costco store by replacing it with a much cheaper ring she had stolen from a different Costco. Izaebela Kolano is facing a theft charge. Authorities say the …

Companies Deny Wrongdoing in Fatal Virginia Helicopter Crash

The company that manufactured a helicopter that crashed and killed two Virginia state troopers monitoring a white nationalist rally says it’s not guilty of negligence and fraud. The Daily Progress reports widows Amanda Bates and Karen Cullen filed a lawsuit …

Starkweather & Shepley Acquires Rhode Island’s Revens-Gates

Starkweather & Shepley Insurance Brokerage Inc. (S&S) has acquired Revens-Gates Insurance Inc. of North Kingstown, R.I. Revens-Gates was founded in 1999 by Mark Revens and Peter Gates. Established in 1879, S&S is an independent agency in Rhode Island. The firm …

AssuredPartners Promotes Regional President Bair to Mid-Atlantic Region

AssuredPartners Inc. has promoted Regional President Brian Bair into the newly formed Mid-Atlantic Region for AssuredPartners. Bair will report into Eastern Regions President Steve Deal while working within the existing operational structure to keep local operations in touch with their …

Update: Parametric Catastrophe Pool, CCRIF, to Provide Rapid Payout for Bahamas After Dorian

Some of the first financial relief the Bahamas receives in the aftermath of Hurricane Dorian may be a rapid insurance payout from a novel program just 12 years old. CCRIF, once short for the Caribbean Catastrophe Risk Insurance Facility, was …