Grand Rapids, Mich.-based insurance brokerage, Hylant, one of the nation’s largest privately owned insurance brokerages, has hired Ken Fortier to lead business development efforts for the West Michigan division of the 16-office, more than 700 employee family owned company. Fortier …
Louisiana Insurance Commissioner Jim Donelon has approved overall base rate decreases of 3.5% for homeowners’ policies issued by State Farm Insurance Co., which follows his approval of an additional decrease of 2.3% for State Farm auto policies in March. “In …
Specialty insurance agencies Lawrence E. Smith & Associates (LESA) of greater St. Louis, Mo., and Scholastic Insurance of Florida (SIF) of greater Orlando, Fla., have been acquired by DOXA Insurance Holdings LLC (DOXA). The two agencies specialize in insurance programs …
The Woodlands Insurance Co. (TWICO) has completed a renewal rights agreement with Florida’s Gulfstream Property & Casualty Insurance Co. (Gulfstream) to acquire Gulfstream’s book of homeowner business in Texas. The transaction will result in the transfer of approximately $4 million …
Gemini Financial Holdings Corporation (GFHC), the parent company of Olympus Insurance Company, has hired Steve Bitar, former chief of Underwriting and Agency Services for Citizens Property Insurance Corporation, will officially join Olympus on April 20, 2020, as chief executive officer …
India’s Future Group has picked UBS Group AG to lead the sale of its stake in an insurance joint venture with Italy’s Assicurazioni Generali SpA, according to people familiar with the matter. Future Group is working with the Swiss bank …
The Wimbledon tennis tournament had the foresight to buy around £1.5 million (US$1.9 million) per year in pandemic insurance following the SARS outbreak in 2003, said GlobalData in a recent bulletin. Paying out roughly £25.5 million (US$31.7 million) in premiums …
Arizona’s top prosecutor has ordered a Phoenix, Ariz., dispensary to stop marketing its products as treatments for the coronavirus. Attorney General Mark Brnovich says he sent a cease-and-desist letter to YiLo Superstore Dispensary on Friday over claims of having a …
The daughter of a woman who died of a suspected coronavirus case at a Seattle-area nursing home connected to dozens of COVID-19 deaths is suing the company that owns the Life Care Center of Kirkland. The Life Care Center has …
An earthquake with a preliminary magnitude of 5.2 rattled the remote California-Nevada state line but no damage or injuries were reported. The quake just struck after 7:36 a.m. Saturday and was centered near Bodie, a former gold-mining town that is …
