January 23, 2020
The Hilb Group LLC (THG) has acquired New York-based BR Vital Brokerage Inc. (BRV). The transaction became effective January 1, 2020. Based in Brooklyn, N.Y., BRV is an independent brokerage primarily providing property and casualty insurance with a specialty in …
January 23, 2020
EverQuote Inc., a Cambridge, Mass-based online marketplace for insurance shopping in the U.S., has hired David Brainard as executive vice president of Engineering, Marketplace. In this role, Brainard will serve as the operational leader of marketplace-wide engineering teams and platforms …
January 23, 2020
It took two years for Nigel Allison to build his mud-brick house on a sleepy southeastern tip of Australia, and just hours for it to be gutted by fire. The cherished three-bedroom home built in 1986 was one of several …
January 23, 2020
The credit ratings of homeowners insurer Florida Family Insurance Co. and its subsidiary, Florida Family Home Insurance Co., have been downgraded by AM Best due to a deterioration in underwriting results for the insurer. However, ratings agency Demotech says it …
January 23, 2020
With the number of cyber attacks on the rise, it’s natural to think that this increase of cyber attacks is due to new actors and technological developments, said Yakir Golan, the CEO of Kovrr, the Tel Aviv-based provider of predictive …
January 23, 2020
Munich Re is considering whether to set itself a long-term net income target of 3 billion euros ($3.3 billion) a year as the company seeks to match levels it regularly achieved until 2015. The reinsurer may announce such a plan …
January 23, 2020
J.C. Flowers & Co, the U.S. investment and financial services-focused private equity firm, is reviving plans for a potential sale of its French loan insurance broker Financiere CEP, according to people familiar with the matter. The firm is considering various …
January 23, 2020
AssuredPartners Inc. has acquired Corkill Insurance Agency Inc. of Elk Grove Village, Illinois. AssuredPartners said the Corkill acquisition is its first in 2020. The Corkill staff of 104 will remain under the operational leadership of Luke Praxmarer and Paul Praxmarer. …
January 23, 2020
Flooding due to climate change-related sea level rising, the erosion of natural barriers and long-periods of rain pose substantial economic risks to Florida, particularly to the value of South Florida real estate, according to two new reports released last week. …
January 23, 2020
Agency errors and omissions (E&O) coverage is likely the most important insurance policy an agency purchases. As customer demands rise to an all-time high, having the right E&O coverage and ensuring best practices are followed to prevent E&O claims is …