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

Risk Strategies Appoints Levy as Chief Operating Officer

Risk Strategies, a national specialty insurance brokerage and risk management firm, has appointed Eric Levy as chief operating officer (COO). A financial services industry veteran, Levy brings a 20-year track record of scaling companies, driving profitable growth and enhancing strategic …

Professional Insurance Agents of Connecticut Elects Rabbett as President

The Professional Insurance Agents of Connecticut (PIACT) elected Shannon Rabbett, of Windsor, Connecticut, as president at the association’s annual business meeting, held virtually on March 4, 2021. She will serve as the association’s president during its 2021-2022 term. Rabbett is …

Irish Judges Back Guidelines for Personal Injury Awards to Cut Insurance, Legal Costs

DUBLIN – Ireland’s judges voted on Saturday to adopt new guidelines for personal injury claims that aim to reduce the size of awards for minor injuries and encourage early settlements as a way to reduce legal fees and in turn …

50 People Sue City in Wisconsin Over Protest Response

Fifty people are suing a Wisconsin city over the way it handled protests last fall after authorities announced that a police officer would face no charges for the fatal shooting of a Black teenager. Protesters demonstrated in Wauwatosa in October …

Porch Group to Acquire Texas MGA/Insurer, Homeowners of America

The Porch Group, a software platform focused on home services companies, is acquiring Irving, Texas-based managing general agent and insurance carrier, Homeowners of America (HOA). Under a merger agreement, Porch will acquires HOA and all related subsidiaries. The transaction, which …

M.J. Hall & Co. Expands Admitted Cannabis Insurance Product into Arizona

M.J. Hall & Co. has introduced an admitted cannabis insurance product in Arizona. March 8 is the effective date for the Cannabis Businessowners Policy (CannaBOP) in Arizona, which the wholesale insurance brokerage company said is the first such insurance coverage …

Illinois Specialty Insurer, RLI, Makes Leadership Promotions, Changes

Peoria, Illinois-based specialty insurer serving niche property, casualty and surety markets, RLI Corp., has promoted or named several leaders to new roles. Kevin Horwitz, vice president, Claim, has assumed the role of vice president, Innovation Management and Policy Development, a …

Oklahoma House Passes Computer Data Privacy Act

Concerned about data privacy and data manipulation, the Oklahoma House of Representatives has passed an opt-in data privacy bill with a bipartisan vote of 85 to 11. The Oklahoma Computer Data Privacy Act, House Bill 1602, requires internet technology companies …

PFAS Manufacturers Sued by Wisconsin City Over Pollution

The city of La Crosse, Wisconsin, has filed a lawsuit against a host of chemical manufacturers that produced firefighting foam linked to groundwater contamination around the city’s airport. Tests have revealed at least 40 wells around the airport on French …

Investment Firm KKR Acquiring California’s Integrated Specialty Coverages

Global investment firm KKR is acquiring a majority interest in Integrated Specialty Coverages (ISC) Carlsbad, Calif.-based multi-line insurance distributor that utilizes advanced artificial intelligence (AI) engineering and data analytics to build its products. Sightway Capital, a Two Sigma private equity …