Preferred Concepts, LLC, a national insurance program administrator and specialty broker, has reorganized into three: Preferred Underwriting, Preferred Brokerage and Preferred Advantage. In addition, the firm will enhance its online agent/broker platform. The company’s three new divisions work across the …
Wells Fargo Insurance Services has acquired Procomp Benefit Resources Inc., an employee benefits brokerage and consulting firm based in Hazlet, N.J. Terms of the transaction were not disclosed. The acquisition will allow Wells Fargo Insurance Services to further expand its …
Global insurance broker Marsh has appointed Bill Pieroni to the role of chief operating officer, effective Sept. 19. Pieroni comes from State Farm where he served as senior vice president. In his new role at Marsh, he will be responsible …
Kyle Bridgwater has been named account manager/administrator for San Diego-based risk management and insurance brokerage Cavignac & Associates. Bridgwater is responsible for daily policy maintenance and servicing, and assisting with client insurance policy renewals. His immediate focus is on construction …
Findings of the second major investigation by the U.S. government into the 2010 Gulf of Mexico oil spill, may press BP into putting over $30 billion on the table to quickly settle its outstanding legal headaches. The joint Coast Guard …
Residents in Louisiana’s Bossier Parish have 90 days from Sept. 14 to file objections with the Federal Emergency Management Agency to the parish’s new flood insurance rate maps. The Times reports that the maps already have prompted three lawsuits. Plaintiffs …
The state’s insurance commissioner says the workers’ compensation insurance rates for Oklahoma businesses are expected to drop in 2012. Commissioner John Doak says the insurance department has approved a filing by the National Council on Compensation Insurance for a decrease …
A Baton Rouge, La., judge has refused to block the state from signing contracts with three private insurance companies chosen to take part in Louisiana’s new health-care delivery system for the poor. In a separate action, a different judge ordered …
Missouri homeowners hit by damaging storms now have stronger protections in place under two new state laws that recently went into effect, insurance regulators announced. The laws allow insurance companies to better serve hard-hit areas and protect consumers against unscrupulous …
Independent reinsurance broker Holborn Corp. announced that Daniel Bilot has joined the firm as a senior vice president in the firm’s Minneapolis, Minn., office. Bilot arrives at Holborn from Guy Carpenter & Co., where he served as managing director since …
