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Risk Strategies Acquires Pennsylvania’s Cornerstone

Risk Strategies Company, a privately held national insurance brokerage and risk management firm, has acquired insurance brokerage Cornerstone Professional Liability Consultants. Terms of the deal are undisclosed. Based in Philadelphia, Penn., Cornerstone specializes in medical malpractice insurance for physicians and …

Hub International Hires Smith as Senior Vice President in New York

Hub International Limited (HUB), a global insurance brokerage, has expanded its New York operation through the addition of entertainment specialist Cameron Smith, joining the firm as senior vice president. Cameron Smith has spent 20 years in the concert industry, working …

Bivins Promoted to VP at Dexter & Company

Dallas-based insurance and risk management firm Dexter & Company has promoted Stephen Bivins to vice president. Bivins has been an agent at Dexter & Company since 2012, managing a diverse portfolio of personal and commercial clients. Bivins’ clients include high …

New York City Reviews Plans on Flooding After Houston Disaster

New York is reviewing its plans for a massive rainstorm after the flooding that has left parts of Houston underwater for days. “We’re looking at what a Harvey-type event would mean in New York City,” said Daniel Zarrilli, senior director …

Church Mutual Announces Leadership Promotions

Merrill, Wisconsin-based Church Mutual Insurance Co. aims to position the company for continued growth and opportunity with five executive promotions. Breigh Voigt has been promoted to vice president of commercial operations. Voigt joined CMIC in 1994 and has held roles …

AIR Worldwide Estimates $65B – $75B in Texas Property Damage from Harvey Flooding

Boston-based catastrophe modeling firm AIR Worldwide has estimated property losses from the flooding in Texas caused by Hurricane Harvey’s record-breaking rainfall will be between $65 billion and $75 billion. These figures include damage to all properties eligible for coverage regardless …

Update: Insurance Industry Preparation for Hurricane Irma in Full Swing in Florida

Insurers are taking no chances in preparing for Hurricane Irma as the powerful category 5 storm slogs its way through the Caribbean, devastating the communities left in its wake on its potential path towards the U.S. Insurers made a full …

Houston’s Small Businesses Digging Out from Hurricane Harvey

Josh Beasley and his fiancé bought Houston’s Body3 Personal Fitness on July 1, less than two months before Tropical Storm Harvey swamped the gym with a foot of water and left behind the dank stench of fetid mildew. Wading into …

Some Insurers Stop Writing Policies on New Cars in Florida, Car Dealers Say

Insurers including Progressive Corp. and Allstate Corp. have stopped issuing policies on new cars in certain Florida counties, hindering vehicle sales days before Hurricane Irma is forecast to hit the state. The companies may be overreacting to losses incurred last …

Why the Number of Coastal Homeowners with Flood Insurance Has Been Shrinking

Amanda Spartz nearly did not renew her home’s flood insurance policy after her first year in Florida. Two hurricanes came close to the Fort Lauderdale suburbs last year, but they didn’t hit and her home isn’t in a high-risk flood …

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