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Ryan Specialty Group to Acquire Pennsylvania’s Keystone Risk Partners

Ryan Specialty Group, an international specialty insurance firm, has signed an agreement to acquire certain assets of Keystone Risk Partners LLC based in Media, Pennsylvania. Terms of the transaction were not disclosed. Keystone Risk Partners was founded in 2002, and …

Maryland’s Oriole Park to Test Artificial Intelligence Security Product

Oriole Park at Camden Yards will test a new security technology during the upcoming baseball season that uses 3D imaging and artificial intelligence to detect concealed weapons. The Maryland Stadium Authority announced Tuesday the ballpark will try out a walk-through …

Brown & Brown Acquires Florida’s Corporate Insurance Advisors

Insurance agency Brown & Brown of Florida, Inc. has acquired substantially all of the assets of Corporate Insurance Advisors. J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and Mark R. Schwartz, the principal of Corporate Insurance Advisors, …

Crews Continue Searching for Missing After Tornadoes Ravage Communities

Rescuers combed through fields of wreckage after a tornado outbreak roared across the middle of the U.S., leaving dozens dead and communities in despair. A twister carved a track that could rival the longest on record as the stormfront smashed …

Generali to Focus on U.S., Asia in New Strategic Growth Plan: Report

Assicurazioni Generali SpA, Italy’s largest insurer, is preparing to unveil an international-growth strategy to investors this week, according to the Repubblica newspaper. The plan, to be presented by Chief Executive Officer Philippe Donnet on Wednesday, will focus on the company’s …

Insurer Mapfre to Make $983.8M Pay-out for Construction Issues With Colombia Dam

Spanish insurer Mapfre on Friday signed a contract to make a $983.8 million contingency pay-out to Colombia’s Empresas Publicas de Medellin (EPM) over issues with the construction of the massive Hidroituango dam. The funds will guarantee that the project can …

Residents of Dangerous Wisconsin Condo Rush to Move Belongings

Residents of a Waukesha condominium that could collapse are rushing to move their belongings out. Police and firefighters cleared the six-story, 48-unit Horizon West Condominiums on Dec. 2 after an engineering report found its structural columns were compromised, echoing the …

People Moves: Linton to Head Environmental Underwriting

Beth Linton, the vice president of Environmental Underwriting Solutions since 2006, is the new president of the wholesale insurance broker. Birmingham-based EUS, which specializes in complex environmental coverage, said Linton earned her master of science degree in environmental management from …

In Big Florida Ponzi Scheme Fallout, Security National Sues Firm’s Lawyers

Finger-pointing in one of the largest Ponzi schemes to hit Florida has spilled over into the legal and insurance industries. Security National Insurance Co. has filed suit against a Miami law firm, alleging the lawyers failed to divulge their previous …

Alera Group Acquires J&J Benefits Insurance Agency in Utah

Alera Group acquired J&J Benefits Insurance Agency, an employee benefits consulting and health insurance firm serving clients in Utah and Idaho. J&J Benefits joins Alera Group through Banasky, an Alera Group company in Utah. The J&J Benefits team will continue …

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