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Arthur J. Gallagher & Co. Acquires New York’s Walsdorf Agency

Arthur J. Gallagher & Co. has acquired Huntington, N.Y.-based Walsdorf Agency Inc. Terms of the transaction were not disclosed. Founded in 1926, Walsdorf Agency is a third generation, family owned commercial and personal lines insurance agency with real estate niche …

New Hampshire’s The Davis Agency Joins The Northern United Agents Alliance

The Northern United Agents Alliance (NUAA) has announced that The Davis Agency joined the NUAA as a participating member. The Davis Agency, located in Concord, N.H., is a full-service agency founded in 2019 by Andy Davis. The team of agents …

Maryland Man Dies at Northern Virginia Construction Site

A Maryland man has died after a construction accident in northern Virginia. Nelson Aguilar-Salamanca, 55, was working for a subcontractor on a construction site near the new Capital One headquarters in McLean, Fairfax County police said. Around 7:30 a.m., he …

NFP Makes Canadian Leadership Changes, Including Promotion of Padovani as President

NFP, the New York City-based insurance broker and consultant, announced leadership changes throughout Canada to support its growth in the region. Greg Padovani will serve as president of NFP in Canada. He joined NFP in 2017 at the commencement of …

W.R. Berkley Names Levesque President of Preferred Employers; Gallacher Now Chairman

W. R. Berkley Corp. has appointed Dennis J. Levesque as president of its Preferred Employers Insurance subsidiary, a California specialty workers’ compensation writer. He succeeds Steven A. Gallacher, who has been appointed chairman of Preferred Employers Insurance. The appointments are …

Indonesia Flooding Forces Evacuation of More Than 400,000 People with 42 Deaths

At least 42 people have died from the New Year’s Day flooding in Indonesia, and hundreds of thousands were evacuated, as the greater Jakarta area suffered the most intense rain in 24 years. More than 400,000 people, mostly from Bekasi, …

U.K. MGA Optio Buys Political Violence and Terrorism MGA, Newbridge Risk Partners

Optio, the London-based MGA that comprises Ascent Underwriting, Cove Programs and broker Bay Risk Services, announced it has acquired specialist political-violence and terrorism MGA Newbridge Risk Partners from Castel Underwriting Agencies Ltd., the club-style MGA formation platform. Financial details of …

Update: The Escalating Costs of Australia’s Wildfire Disaster

Australia is in the grip of deadly wildfires burning across the country, triggering an emotive debate about the impact of climate change in the world’s driest-inhabited continent. The unprecedented scale of the crisis, and images of terrified tourists sheltering on …

Duke Energy to Save $1.5 Billion in North Carolina Coal-Ash Settlement

Duke Energy Corp. reached a settlement with state regulators that will cut $1.5 billion from its cost to clean up coal ash ponds in North Carolina. The deal announced Thursday ends a legal dispute with the state, which in April …

Hanover Insurance Names Mitchell, Grieco to Key Commercial Lines Posts

The Hanover Insurance Group announced leadership appointments in its commercial lines business. Matthew S. Mitchell was appointed president of The Hanover’s middle market business. He has been with The Hanover for more than 13 years He was named chief strategy …

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