Southeast News

NSM Buys Student Insurance Provider Envisage, Based in Florida

NSM Insurance Group, a global specialty insurance provider, has acquired Florida-based Envisage International, which writes health and travel insurance plans for international students and cultural exchange participants. NSM President Bill McKernan said the move was prompted in part by the …

Agents, Insureds Said Surprised by Nationwide’s 10,000 Nonrenewals in NC

In February, Nationwide Mutual Insurance filed notice with the North Carolina Department of Insurance that it would non-renew some 10,525 homeowner policies in the state due in large part to the growing risk from climate change and hurricanes. The move …

Higginbotham Makes 2nd Florida Move with Stahl & Associates

Higginbotham has continued its expansion this year with another acquisition, this one of Stahl & Associates, one of the largest privately held commercial brokerages in Florida. Texas-based Higginbotham, which celebrated its 75th anniversary this year, has acquired a number of …

DFS: Florida Claims Adjuster Arrested in $11M Scheme that Sent Checks to Conspirators

Additional arrests are expected after a 41-year-old south Florida claims adjuster was charged this week in an elaborate scheme that allegedly rang up more than $11 million in fraudulent insurance payments to hundreds of co-conspirators. Florida’s Department of Financial Services …

New Battery Recycling Plant Deepens Kentucky’s Ties to Electric Vehicles

A recycling facility will be built in Kentucky to shred electric vehicle batteries in a $65 million venture between American and South Korean companies that will supply material for a separate battery-related operation in the same town, the companies announced …

New MGA in Florida Shows More Growth in Private Flood Market

The private flood insurance market continues to expand, with a new managing general agent starting up in Florida. Titan Flood Inc., based in Tampa, is being launched by Stephanie Lee, the co-founder and chief operating officer of Neptune Flood, a …

Florida Company Claims Simple Device Makes Sandbag Filling Faster Before Floods

The Florida-based company that produces a quicker way to bag leaves is now offering a tool that it says makes filling sandbags three times faster, potentially saving property owners time before floodwaters rise. The Sandbag It! is a flat but …

Tornado-damaged Pfizer Plant in North Carolina Restarts Production

ROCKY MOUNT, N.C. (AP) — A major Pfizer pharmaceutical plant in North Carolina that makes critical supplies for U.S. hospitals has restarted production about 10 weeks after it was heavily damaged by a tornado, the company announced Monday. Getting a …

South Florida Public Adjusters Charged with Forging Documents, Defrauding Citizens

Florida authorities have arrested four Miami people, including two licensed public adjusters, on charges that they forged an elderly homeowner’s signature on documents in an attempt to defraud Citizens Property Insurance Corp. out of $57,000. “This is why the rates …

People: Florida-based Risk Services Names Haskell Captive Accounting Director

Florida-headquartered Risk Services, a captive insurance manager and risk retention group service provider, has named Jennifer Haskell director of captive accounting. Haskell, who spent 15 years with the Alabama Department of Insurance regulating captive insurers, was most recently a senior …

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