Monthly Archives: <span>January 2021</span>

USI Insurance Services Acquires CB Insurance in Colorado

USI Insurance Services has acquired Colorado Springs, Colo.-based CB Insurance LLC. Terms of the deal were not disclosed. CB Insurance and its predecessors have served the needs of the Colorado community for more 100 years, specializing in commercial and personal …

Insurance Veterans Lead Confianza, Big Data Analytics Startup for Smaller Insurers

Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers. One co-founder – Jeffrey Glazer – is a past chief executive officer of Activer Solutions and Insurity, and was a past CEO of Insurance …

How Climate Change May Affect Hurricane Risk and Losses: AIR, Brookings, AXIS

By 2050, climate change-related weather events will have a meaningful impact on future hurricane losses, increasing them by 20% or more and in some cases doubling them, even without any increase in the concentration of property exposure along the coast, …

Vermont’s Winooski Insurance Adds Heaslip to Its Leadership Team

Winooski Insurance of Williston, Vermont, a commercial insurance agency of nearly 40 years, is growing its leadership team with the addition of Ryan Heaslip. Heaslip joins the team as the director of Commercial Lines – Sales. He is an insurance …

Cross Insurance Partners with Connecticut’s Daigle & Travers Insurance

Cross Insurance, a subsidiary of Cross Financial Corp., based in Bangor, Maine, and an independent insurance provider in New England, has partnered with Daigle & Travers Insurance of Fairfield County, Conn. The Daigle & Travers team of insurance experts offer …

NYPD Adopts Clearer Penalties for Excessive Force, Racial Bias

The New York City Police Department enacted new disciplinary rules on Friday that call for terminating police officers found to use racial profiling or “excessive deadly force.” The so-called “disciplinary matrix,” as Mayor Bill de Blasio called it, also lays …

Applied Specialty Underwriters Names Black to Lead Middle Market Surplus Lines

Applied Underwriters has named John Black, Sr., CPCU, to lead its expansion into middle market surplus lines. As executive vice president of the newly-expanded Applied Specialty Underwriters, Black, who has 35 years of underwriting experience, will focus on middle market …

Indonesia Earthquake Leaves Thousands Homeless, Killing at Least 84 People

MAMUJU, Indonesia (AP) – Aid was reaching the thousands of people left homeless and struggling after an earthquake that killed at least 84 people on an Indonesian island where rescuers intensified their work Monday to find those buried in the …

Here’s How European Satellites Can Help Predict the Next Weather Disaster

Spain began the new year battling Storm Filomena, a once-in-a-generation weather event that blanketed Madrid in snow and paralyzed the economy. Health workers were stranded, supermarkets shut, and the army was called in. At least four people died. “Now, consider …

BGC Insurance Rebrands as Corant Global

BGC Insurance (BGCI) has rebranded as Corant Global Ltd., which will become the holding company for all the insurance interests of BGC Partners Inc., a global brokerage and financial technology company, subject to regulatory consent. Corant will comprise the broking …