Oakbridge Insurance Agency LLC (Oakbridge) announced a new partnership with Snider Killingsworth Insurance & Risk Management (Snider Killingsworth) based in Griffin, Georgia. The partnership adds to Oakbridge’s footprint in Georgia, particularly within the growing Metro Atlanta region, and sets the …
A plastics company will pay $2.85 million in civil penalties to resolve alleged Clean Air Act violations at its petrochemical manufacturing plant in Point Comfort, Texas, federal environmental protection officials said. Formosa Plastics Corporation, Texas, also agreed improve its risk …
Federal authorities have sued a Louisiana restaurant for allegedly violating federal law against pregnancy discrimination in hiring. The U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit that Bourne’s House LLC, doing business as Bourne’s House Restaurant, violated federal …
Chicago’s City Council agreed to pay a total of $20.5 million to two of at least a dozen men who have had murder convictions dismissed after being allegedly framed by the same police detective. With the vote to settle the …
Fort Wayne, Indiana-based DOXA Insurance Holdings LLC (DOXA) acquired Caitlin Morgan Insurance Services, a managing general underwriter (MGU) and wholesale brokerage in Indianapolis that helps independent agents place business and develop package programs for select industry niches. Caitlin Morgan will …
The Allstate Corporation estimates catastrophe losses for August 2021 at of $876 million or $692 million, after-tax. The bulk of those losses are the result of Hurricane Ida and the majority occurred in Louisiana, the company said. Catastrophe losses for …
The U.S. surplus lines market experienced direct premium growth of 17.5% in 2020, the largest year-over-year premium increase since 2003, according to an AM Best report. The 2020 increase in direct premium written comes on the heels of 11.2% growth …
A principal negative factor affecting the reinsurance industry is the large amount of claims uncertainty, but positive tailwinds are offsetting these negative headwinds, creating a stable outlook for the sector into 2022, according to Carlos Wong-Fupuy, senior director, AM Best. …
USG Insurance Services Names Partazana Director of Human Services USG Insurance Services Inc., a national wholesaler and managing general agency, named Kathy Partazana as director of human resources in the Canonsburg, Pennsylvania, branch. Partazana joins the USG team with 24 …
Alkeme named Anton Rosandic chief operating officer. Rosandic was the former COO/co-founder of the Fidelity National Property and Casualty Insurance Group. Rosandic has experience in distribution channels of the insurance industry from his work at Assured Relocation, Guy Carpenter and …
