AmTrust Financial Services will make about $950 million by selling a majority equity interest in some of its U.S.-based fee businesses including managing general agencies and warranty third-party administrators to private equity firm Madison Dearborn Partners (MDP). Barry Zyzkind, AmTrust’s …
Insurance agencies and brokerage firms reported that their organic growth rebounded to 4.6 percent in the second quarter of 2017, a reversal from the 3.9 percent reported in the first quarter, which was the weakest growth rate since 2011. Several …
As the Sunshine State continues to attract millions of visitors each year who share clogged highways with commuters traveling throughout its ever-evolving metropolitan hub, it is no surprise that Florida has embraced ridesharing as one of the natural progressions of …
Several West Virginia municipalities are suing The Joint Commission, claiming the Chicago-based health care accreditation group downplayed the dangers of prescription painkillers and helped fuel addictions. The Charleston Gazette-Mail reports that the cities of Charleston, Huntington and Kenova and the …
Jimmy Patronis is asking voters to keep him in his current job as chief financial officer. Patronis officially filed paperwork on Nov. 1 to run for the Cabinet post in 2018. The 45-year-old Patronis was appointed in June by Gov. …
NIF Group has partnered with Liberty Mutual Insurance Co. as the exclusive carrier for its Bowling Center Program. The program targets bowling center risks as well as those offering some ancillary entertainment. Coverages offered on an admitted basis include property, …
Accredited Surety and Casualty Company Inc., a subsidiary of Randall & Quilter, has entered into an agreement with Atlas General Insurance Services to underwrite its Western Trade Craft artisan contractor program focused on surety, commercial liability and inland marine coverages …
Hani Abujudeh, 55, of Rancho Cucamonga, Calif., the reputed leader of an auto insurance fraud scheme, was sentenced to six years in state prison. Abujudeh was sentenced for his involvement with a scheme in which he filed more than 35 …
HUB International of California has named Geoffrey Shipp a commercial markets producer, risk management advisor and senior sales management trainee. Shipp will affiliate with HUB’s Central Coast offices as well as the Pasadena and Westlake Village offices. Shipp has a …
A bill to reduce auto insurance premiums was defeated late on Nov. 2 by the Michigan House, another blow for longstanding efforts to rein in medical costs contributing to the highest average rates in the country. After hours of behind-the-scenes …
