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

Zern Picked to Lead Ryan Specialty Benefits in Chicago

Ryan Specialty Group LLC (RSG), based in Chicago, has added John Zern as president and chief executive officer of Ryan Specialty Benefits. Zern will lead the development of Ryan Specialty Benefits, which focuses on wholesale benefits brokerage and managing general …

Riskiest Counties for Natural Disasters Are Not Always Where People Think

Spending her life in Los Angeles, Morgan Andersen knows natural disasters all too well. In college, an earthquake shook her home hard. Her grandfather was affected by recent wildfires in neighboring Orange County. “It’s just that constant reminder, `Oh yeah, …

Insurance Leaders Among Those Urging Congress to Certify Biden Win Without Delay

Several leaders of the insurance industry joined nearly 200 New York corporate executives in a letter urging members of Congress to certify the election of Joe Biden as President without delay this week and support a smooth transition of power. …

World’s Largest Insurers 2020: AM Best Ranks UnitedHealth, Allianz on Top

UnitedHealth Group Inc. takes the top spot in AM Best’s ranking of the world’s 25 largest insurance companies for a sixth straight year, with $189.7 billion in net premiums written (NPW) in 2019. In addition, Allianz SE and Prudential Financial, …

Amazon, Berkshire, JPMorgan Closing Down Joint Healthcare Venture

The healthcare joint venture of Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co., will cease to exist at the end of February, it said on Monday. The move comes three years after the companies came together to form …

California State Fund Declares 10% Dividend for 2020 Policy Year

State Compensation Insurance Fund in California on Monday announced plans to distribute a $39 million dividend to its qualifying policyholders with policies that took effect between Aug. 27 and Dec. 31, 2020. The dividend equals roughly 10% of the estimated …

Brown & Brown Acquires Assets of Ohio’s Berry Insurance Group

Brown & Brown of Ohio LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Berry Insurance Group, based in Ohio. Founded in 2002 by Mark Berry, Berry Insurance Group has grown to one …

Michigan’s Provision Insurance Appoints Irvine as Chief Financial Officer

Provision Insurance Group, an independent insurance agency headquartered in Bingham Farms, Mich., has named Chris Irvine as its chief financial officer and a member of its executive leadership team. Irvine previously served as director of Finance and Operations for Teamworks, …

Officials Assess Building Damage in Nashville from Christmas Bombing

Officials continue to assess building damage caused by the Christmas Day bombing as law enforcement officials on Thursday allowed media outlets the first opportunity to survey the downtown Nashville explosion site. The photos show blown out windows, debris spilling out …

Oklahoma Fire Department Earns Highest ISO Protection Classification

The Norman Fire Department in Oklahoma has achieved the highest Public Protection Classification (PPC) rating from the Insurance Service Office (ISO), the insurance department reported. The ISO rates over 50,000 fire departments in the United States. Less than 1% of …