World Insurance Associates LLC (WIA) has acquired LCL Insurance LLC (LCL) of Charlotte, N.C. on Feb. 1, 2021. Terms of the transaction were not disclosed. According to Rich Eknoian, CEO and Co-Founder of WIA, the acquisition of LCL Insurance LLC …
Not only is Tesla moving some manufacturing operations to Austin, Texas, its founder, Elon Musk, is said to be relocating there, and the electric car company will soon be offering its own brand of car insurance in the Lone Star …
As of Feb. 1, the National Flood Insurance Program (NFIP) had paid out more than $115 million in flood claims in Louisiana in response to the 2020 hurricane season. That figure is up from the $110 million in NFIP payments …
The vast majority of U.S. small businesses took a hit to their revenue last year because of the coronavirus pandemic, with minority-owned businesses struggling the most and worrying more about accessing credit, according to a Federal Reserve survey released on …
Insurance is a financial product designed to protect consumers’ and businesses’ balance sheets. If your house burns down and you have insurance, the insurance company pays to rebuild the asset known as your house. For insurance to be real, the …
During a routine trip to dump grain into a dump pit, a driver became concerned about the amount of dust rising from the pit. To investigate, he removed both the primary and secondary pit grates — a task that was …
National Jaime Tamayo is returning to MAPFRE North America to be CEO, a post he relinquished in 2016 after eight years to become CEO of international operations for the insurer. In his return, Tamayo is succeeding his successor, Alfredo Castelo, …
In the first nine months of 2020, net income for the U.S. property/casualty insurance industry dropped 27.5% to $35.1 billion and net underwriting gains declined to $0.3 billion, from $5.4 billion a year earlier as the industry dealt with the …
Environmental for Real Estate Market Detail: New Empire Group’s (www.newempiregroup.com) RECOVER is a storage tank and site pollution program for commercial real estate exposures, including condominium associations, cooperatives, community associations, and apartment buildings. The RECOVER program addresses risks with bodily …
We’ve learned a lot in the past transformative year. The bottom line is: it’s not enough to just be a broker anymore. Organizations expect their broker partner to get creative (and aggressive) when it comes to guiding their total rewards …
