Eastern Insurance Group in Natick, Massachusetts, has acquired James J. Sullivan Insurance Agency, an independent insurance agency based in Quincy, Massachusetts. Terms of the transaction were not disclosed. James J. Sullivan Insurance Agency was founded in 1956 by Jim Sullivan. …
An Upland, Calif. man has pleaded guilty to federal bank fraud and tax charges in relation to a loan scam that reportedly netted him more than $5.9 million. Derek Richard Brewart, 53, a former licensed insurance agent and owner of …
Spencer Capital Holdings Ltd., the parent company of reinsurer Spencer Re, has agreed to acquire USA Risk Group, an independent captive insurance manager based in Barre, Vermont. Financial terms of the transaction were not disclosed. The transaction is subject to …
ACE Group has introduced three new transactional risk insurance products that offer protection to buyers and sellers participating in mergers and acquisitions (M&A) and other transactional deals throughout North America and in international markets. These products — representations and warranty …
Weakness in the agriculture and energy sectors will slow the economy in nine Midwestern and Plains states this spring, according to a monthly survey of business leaders released Feb. 2. The region’s overall economic index improved slightly to 54.8 in …
A new audit says the Louisiana state fire marshal’s office is falling short in its building inspections and five prevention monitoring. Legislative Auditor Daryl Purpera’s Office issued a report that said the fire marshal hasn’t consistently inspected Louisiana’s schools, universities, …
Texas homeowners filed the fewest number of insurance complaints ever recorded with Texas regulators last year, the Insurance Council of Texas reported. It was the fifth year in a row that Texas homeowner complaints have gone down. There are more …
Combined, average homeowners and auto insurance premiums in Ohio are nearly $500 less than national averages, according to the state’s insurance department. Personal lines premiums in the state are among the lowest in the country, Lieutenant Governor and Department of …
A New Mexico lawmaker has introduced a bill to reduce workers’ compensation in cases when an employee’s death or injury results from being drunk or high on the job. Republican Rep. Dennis Roch of Logan said being under the influence …
Eugene, Ore. has granted Uber’s request for a delay in its appeal hearing. The Register-Guard reported the hearing had been set for Monday and a new date hasn’t been scheduled. Meanwhile, Uber and city officials continue to negotiate an agreement …
