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NFP Acquires Mattecheck & Associates in Oregon

NFP Corp. has acquired Portland, Ore.-based Mattecheck & Associates Inc. Terms of the deal were not disclosed. Bill Mattecheck, principal of the firm, will become a senior director of NFP and report to John Hohman, managing director. Mattecheck is an …

How Firms Rate on Cyber Readiness and Why Some Don’t Buy Cyber Insurance: Hiscox Report

A study of 3,000 companies in the UK, U.S. and Germany, reveals that more than half (53 percent) of businesses in the three countries are ill-prepared to deal with cyber-attacks. Fewer than one-third (30 percent) qualify as “expert” in overall …

U.S. Risk Underwriters Names Berkley Program’s Carter as President

U.S. Risk, a global property/casualty wholesaler and managing general agency based in Dallas,, has named Wayne H. Carter, III as president of U.S. Risk Underwriters Inc., its programs group. Carter will assume senior level management responsibilities for all the U.S. …

Ups Beat Downs in P/C Insurer Credit Ratings in 2016: A.M. Best

Credit rating activity in 2016 turned positive as upgrades outpaced downgrades for the U.S. property/casualty industry, despite insurers having to face pressure on underwriting results and a low investment yield environment, according to A.M. Best. The number of Long-Term Issuer …

OnDeck’s Hobson Named CEO of Online Small Business Insurance Platform Attune

Attune, the data-enabled small business platform established by American International Group, Hamilton Insurance Group and affiliates of Two Sigma Investments has named James Hobson, currently chief operating officer of online small business lender OnDeck, to be its chief executive officer. …

Correction: Mass. Court Reviews Assessment of Damages Against Insurer in Shuttle Bus Accident Case

The Supreme Judicial Court in Massachusetts has ruled that post-judgment interest is not included in any enhanced damages in connection with damages that have already been awarded under the Massachusetts Consumer Protection Act. This comes after a Pennsylvania insurer and …

Government Sued Over ‘Certified’ Used Cars Involved in Recalls

The Center for Auto Safety and five other groups filed a lawsuit against the Federal Trade Commission (FTC) on Monday for allowing used cars to be advertised as “certified” or safe despite being the target of an outstanding safety recall. …

Massive Fire Destroys Building, Cars at New York Dealership

Authorities say a massive industrial fire has destroyed several vehicles and a building at a car dealership near Syracuse, N.Y. The Onondaga County Sheriff’s Office says 911 dispatchers fielded several calls around 9:10 p.m. Thursday reporting heavy fire and smoke …

Massachusetts’ Rogers & Gray Insurance Promotes McEachern

Rogers & Gray Insurance, a South Dennis, Mass., headquartered independent insurance agency, has promoted Allison McEachern to senior vice president and director of human resources, effective January 2017. In her new role, McEachern will oversee the agency’s hiring and training …

Vermont to See Decrease in Costs for Workers’ Compensation Insurance

Vermont Governor Phil Scott has announced that workers’ compensation insurance will cost less for most Vermont employers when new rates approved by the Vermont Department of Financial Regulation (DFR) become effective on April 1. This is Vermont’s first rate decrease …

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