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Markets/Coverages: MGA OpenRoad Enters Collector Vehicle Insurance Market

Managing general agency Open Road Insurance announced its entry into the marketplace for collector vehicle auto insurance with its first license in Texas, and plans to launch in other U.S. states later this summer. National Interstate Insurance Company, a member …

Triple-I and NICB Partner to Help Consumers Fight Contractor Fraud

The Insurance Information Institute (Triple-I) and the National Insurance Crime Bureau (NICB) are marking May 20-24 as Contractor Fraud Awareness Week (CFAW) to highlight how homeowners can protect themselves from dishonest contractors. “For many homeowners who are victims of contractor …

Massachusetts Appeals Court Upholds Restaurants’ COVID-19 Insurance Denial

In a ruling against an upscale restaurant chain, a Massachusetts Appeals Court has followed the recipe the state’s high court set forth in 2022 in ruling that the COVID-19 virus does not trigger business interruption insurance because it does not …

Liberty Co. Adds Ayers Brackfield Insurance in Tennessee

The Liberty Co. insurance brokers, based in Gainesville, Florida, continues its expansion with the addition of Ayers Brackfield Insurance in Knoxville, Tennessee. ABI, in business since 1992, has operated in 18 states, offering personal and commercial lines of insurance products, …

Cyberattacks Over Work Email Most Used; Ransomware Hits Victims Hard: Arctic Wolf

Business email compromise is now the top method of cyberattack, according to a survey from cybersecurity firm Arctic Wolf. Of the 1,000 surveyed senior IT and cybersecurity decisionmakers from organizations in more than 15 countries, 70% said they were targets …

People Moves: CFC Canada Taps Marsh’s Della Mora as CEO, Opens 1st Canada Office

CFC, the London-based specialist managing general agent, announced the appointment of Kate Della Mora to the newly created role of CEO, CFC Canada. Della Mora’s appointment coincides with the launch of CFC’s first office on the ground in Canada, based …

Aon’s NFP Acquires UK-Based Consultant HELPGB

NFP, an Aon company and international insurance brokerage and consulting firm, announced it has acquired HELPGB, a human resources and health and safety consulting business. Financial details of the deal were not disclosed. Clark Hunter, director of HELPGB, will remain …

Warburg, Temasek Buy Insurance Services Firm, Specialist Risk Group, in £1B Deal

Warburg Pincus and Singapore’s Temasek Holdings Pte agreed to acquire Specialist Risk Group Ltd., an independent insurance intermediary based in London. The management team of Specialist Risk Group will continue to hold a significant stake, investing alongside Warburg, a private …

Markets/Coverages: Rokstone, Allianz Commercial Partner for $10M Marine Cargo Facility

Allianz Commercial and Rokstone, the Aventum Group’s international re/insurance MGA, announced a collaboration for a US$10 million facility to write marine cargo business worldwide with immediate effect. This broadens Allianz’s wholesale marine distribution and allows Rokstone to write direct and …

AI-Intensive Sectors Are Seeing Productivity Surge: PwC

The types of business which are most likely to use artificial intelligence are seeing growth in workers’ productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said. Productivity …

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