News

Atlanta-Based Allstar Financial Group Hires Cobbs as PR Manager

Allstar Financial Group has added Cathy Cobbs to its advertising division as its Public Relations manager. Cobbs’ functions will include community engagement locally and nationally for Allstar Financial Group’s family of companies. She will work with the Allstar Charitable Foundation …

South Florida Town Starts Resilience Fund to Adapt to Climate Change

A small ocean-side town in South Florida has created a “resilience fund” that will be used to help residents adapt to climate change in a first-of-its-kind effort. The town of Surfside’s fund will be used for buyouts of residents’ homes, …

South Carolina Mother Accused of Insurance Arson; Fire Killed Son, 12

A jury has been chosen to hear the case against a South Carolina woman accused of having a vacant trailer home burned for insurance money, not knowing her son had taken shelter there from a storm. The 12-year-old boy died. …

U.K. Lawmakers Approve EU Exit at End of January with 11 Months of Trade Talks Ahead

Lawmakers approved legislation on Thursday which will allow Britain to leave the European Union on Jan. 31 with an exit deal, ending more than three years of tumult over the terms of the unprecedented divorce. They voted 330 to 231 …

More Than a Dozen Florida Insurers Facing Ratings Downgrades

The rating agency responsible for assigning financial stability ratings (FSR) to more than 40 Florida domestic insurers has warned that several carriers will receive downgrades due to deteriorating conditions in the state’s property insurance market, and more than a dozen …

New York Governor Lays out Aggressive Climate Change Plan

New York Gov. Andrew Cuomo is proposing an aggressive climate change-fighting campaign for his state that includes a $3-billion bond act that would be put on the ballot this November. Cuomo, who says that money would go to transforming the …

Insurer Won’t Cover Atlanta House Wrecked by Squirrel

An Atlanta couple said they came home from a winter vacation to find their house had been ransacked by an unusual suspect: a squirrel. Kari and Dustin Drees bought their first home last month in Atlanta’s affluent Buckhead district and …

Willis Re Taps Buxton from Allianz as Managing Director, Int’l Customized Reinsurance

Willis Re, the reinsurance subsidiary of Willis Towers Watson, announced the appointment of Simon Buxton as managing director of its International Customised Reinsurance practice, which focuses on non-traditional reinsurance. Buxton will focus on providing structured solutions across all the company’s …

SLTX: Texas E&S Premium Up 14.3% in 2019

The Surplus Lines Stamping Office of Texas (SLTX) reports that excess and surplus lines premium (E&S) in Texas reached $6.95 billion in 2019, a 14.36% increase over 2018’s premium total of $6.08 billion. The past year led to record-breaking totals, …

Coverys European Holdings Buys AEC SpA, Rome-Based Lloyd’s Coverholder, Broker

Coverys European Holdings Ltd. (CEH), the London-based agency platform that invests in managing general agencies (MGAs) in Europe and the U.K., announced it acquired AEC SpA, a Lloyd’s coverholder, broker, third party administrator and MGA. Financial details of the acquisition, …

News Archives by Month