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AssuredPartners Inc. Acquires GBP Risk Solutions in Arizona

AssuredPartners Inc. has completed the acquisition of Golseth & Gregson Insurance Services (dba GBP Risk Solutions), an independent insurance agency based in Arizona. GBP Risk Solutions offers large commercial insurance, personal commercial insurance, group employee benefits, individual life and health …

Mississippi Remembers Katrina Tragedy, Recovery

Residents of coastal Mississippi are holding events in remembrance of Hurricane Katrina, the massive storm that struck on Aug. 29, 2005. The observances began Thursday on the Biloxi Town Green on U.S. Highway 90 followed by the opening of the …

Mississippi Auto Body Shops Ask Court to Halt State Farm’s Parts-Finder System

More than two dozen body shops are asking a Mississippi court to block an insurance company’s program that would change the way they find auto parts. The Mississippi Collision Repair Association and the body shops filed a lawsuit Wednesday in …

NFL Agrees to Settle Players’ Concussion Suits for $765 Million

The National Football League agreed to pay $765 million to settle thousands of lawsuits over players concussions in a deal that provides individual awards and medical monitoring, according to court filings. The settlement will compensate more than 5,000 ex-players for …

Wal-Mart Says It Could Loan $50M to Bangladesh Factories for Workplace Safety

Wal-Mart Stores Inc. told investors on Thursday that it could provide up to $50 million in low-interest loans or other types of payments to Bangladesh factory owners for building improvements. The money is part of the more than $100 million …

Kentucky Tailgaters Being Watched by Alcohol Enforcers

Workers in one state office plan to go to as many tailgating events this fall as possible as college football season gets started, but they aren’t going for fun. Alcoholic Beverage Control Enforcement Division investigators will be working to deter …

Premium Increases Under Obamacare Are Exaggerated, Rand Says

Predictions of sharp increases in health-insurance premiums for people getting coverage under the U.S. Affordable Care Act have been overstated and many states will see little to no change, researchers at Rand Corp. found. Out-of-pocket premiums for most individuals who …

Florida Insurers, Hospitals Findings Ways to Cut Costs

As health care costs rise in Florida, insurers and hospitals vested in the success of the Affordable Care Act, are coming up with new ways to cut costs from buying services in bulk and piloting programs to lowering hospital readmission …

Vienna Insurance Hurt by Spring Flooding Losses

Vienna Insurance Group AG, Austria’s biggest insurer, reported second-quarter profit plunged after the worst central European floods in a decade caused damage compensation to triple. The shares fell. Pretax profit for the period ending June 30 dropped 69 percent to …

Risk Management Services Launches Group E&O Plan for Life, Health Agents

Risk Management Services (RMS) has established a group errors & omissions insurance plan for life and health insurance agents in partnership with Gotham Insurance Co. Applications must be submitted via the entity’s online quote facility; coverage can be bound through …

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