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Prime Risk Partners Acquires New York’s Gunn, Steers & Company

Prime Risk Partners Inc. (PRP) has acquired Gunn, Steers & Company (Gunn Steers), a Manhattan-based insurance broker with a specialized practice for financial institutions and asset management companies. Gunn Steers will maintain its name and continue operating at its current …

Assurance Furthers Expansion Into Washington D.C. with Hiring of Groseclose

Assurance, a Schaumburg, Ill.-headquartered, independent insurance brokerage, has hired Jack Groseclose to serve as an employee benefits advisor. In his new role, Groseclose will be based in Washington D.C., furthering Assurance’s expansion efforts into the D.C. market. He will focus …

Global Re/Insurers Seek Premium Hikes After Costly 3rd Quarter

Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record. Hurricanes Irma and Maria alone caused as much as $135 billion in insured losses, according to modeling …

K&K Releases New Insurance Program for Air Shows

K&K Insurance Group, Inc., a subsidiary of Aon plc, has launched a new program designed for air shows that provides coverage for military air shows, civilian air shows, fly-ins, static aircraft displays, static/grounded hot air balloon displays and balloon glows …

Florida Reports More Than $9 Million Recovered for Insurance Consumers in Q3

Assistance provided to Floridians by from Florida’s insurance consumer helpline led to the recovery of nearly $9.3 million in the third quarter of 2017, according to a statement from Florida’s Chief Financial Officer Jimmy Patronis. Recoveries included insurance claim payments …

Tennessee City To Redact Personal Info From Crash Reports

A Tennessee city will stop releasing traffic accident reports with unredacted personal information following a federal lawsuit questioning the efficacy of an ethical rule requiring attorneys to wait 30 days before contacting someone involved in a serious crash. The Chattanooga …

Florida’s Hurricane Irma Recovery Tab Tops $650M

The tab for Hurricane Irma keeps rising, and Florida legislators are warning that it could require some tough budget choices for next year. Gov. Rick Scott’s budget director told a Senate panel on Wednesday that the state has spent nearly …

Experts: Georgia Getting Hit Hard by Opioid Crisis

The nation’s deepening opioid epidemic is hitting Georgia harder than most states, experts say. That’s one of the messages that came out of a recent conference at the University of Georgia. Some of the highest opioid use is in the …

U.S. Cities Ranked Most Vulnerable to Coastal Floods Due to Climate Change

This week is the anniversary of Superstorm Sandy, which developed in late October and moved over the East Coast starting on Oct. 29, 2012, causing more than $70 billion in damage and killing 280 people. To mark that anniversary, Climate …

California Commissioner Adopts $1.94 Workers’ Comp Pure Premium

California Insurance Commissioner Dave Jones has adopted an advisory pure premium rate that lowers the benchmark to $1.94 per $100 of payroll for workers’ compensation insurance. The advisory rate is effective Jan. 1, 2018. The rate is 17.1 percent less …

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