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MetLife’s ‘Too Big to Fail’ Lawsuit on Agenda for U.S. Regulators

Heads of the U.S. financial regulatory agencies will meet behind closed doors this Friday to discuss MetLife Inc.’s lawsuit against them, according to a notice from Treasury, as the Trump administration wrestles with reforms put in place in response to …

Ryan Specialty Group to Acquire N-Surance Outlets of Georgia

Ryan Specialty Group, LLC, announced it has reached a definitive agreement to acquire N-Surance Outlets (NSO), a wholesale insurance brokerage and binding authority operation headquartered in Roswell, Ga. NSO will become part of R-T Specialty, LLC (RT Specialty), the wholesale …

FDA Chief Gottlieb Eyes Overhaul of Opioid Regulation

The Food and Drug Administration, as part of a sweeping overhaul in how it regulates opioid painkillers, plans to look to some unusual allies to limit the flood of the addictive pills — health insurers and companies that manage prescription …

XS Brokers Expands Into Southeast; Hires Ault to Lead New Florida Office

XS Brokers, an independent insurance brokerage in New England, has expanded the company into the Southeast, opening a new office in Orlando and hiring Lori Ault as executive vice president and territorial manager. The firm now has five offices, including …

Answer Financial Expands Insurance Comparison Site Into Homeowners Segment

Answer Financial, a personal lines insurance agency in the U.S., has expanded its insurance comparison platform to include homeowners and condo insurance. The expansion enables shoppers to compare rates and customize coverages from multiple homeowner insurers online. Answer represents several …

Crest Insurance Group Acquires Troon in Arizona

Crest Insurance Group LLC has acquired Tucson, Ariz.-based Troon Insurance Services. Terms of the deal were not disclosed. Troon was founded by Clebern Best and has been serving the Greater Phoenix area for 20 years. Crest has Arizona offices in …

Chicago’s Chubb Workplace Benefits Promotes Wayland to Sr. VP

Chubb Workplace Benefits in Chicago has promoted Jon Wayland to senior vice president of sales. Wayland has 30 years of insurance industry experience and previously served as vice president of brokerage channel sales. In his new position, Wayland will continue …

Missouri Insurance Department Recovers over $4M for Consumers

The Missouri Department of Insurance helped consumers who filed complaints against their insurance company receive an additional $4 million in claim payments in the first half of 2017. Health insurance generated the most complaints in the first half of 2017 …

Louisiana’s Centauri National Insurance Earns Demotech ‘A’ Rating

Louisiana-based Centauri National Insurance Co. has earned a Financial Stability Rating (FSR) of A, Exceptional, from Demotech Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity …

Louisiana Plans Multiple Storm Mitigation Projects

Louisiana will spend nearly $277 million in federal cash it received after last year’s floods to fortify communities against future disasters, mainly through drainage improvements and buyouts of flood-prone properties. Gov. John Bel Edwards is traveling the state to announce …

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