Acrisure, a fast-growing fintech leader that operates a top-10 global insurance broker, today announced it acquired Appalachian Underwriters, a national Managing General Agency (MGA) and U.S. Administrator Claims, a Third-Party Administrator (TPA), in addition to affiliated entities. With a model that encompasses both an MGA and wholesale distribution, Appalachian places more than $400 million gross… Continue reading Acrisure Expands Technology Platforms with Acquisition of Appalachian Underwriters
Author: Farkas Laura
USG Announces Promotion of Capo in Covington, LA
USG Insurance Services, Inc., a national wholesaler and MGA, is pleased to announce the promotion of Ron Capo to Producer/Broker: Commercial Lines in Covington, LA. Capo has been with USG since November of 2019 as an Associate Producer/Broker. In his new position as Producer/Broker: Commercial Lines, Ron will continue building his book of business and… Continue reading USG Announces Promotion of Capo in Covington, LA
Morgan Stanley to Pay $60 Million to Resolve Data Security Lawsuit
Morgan Stanley agreed to pay $60 million to settle a lawsuit brought by customers who claimed the Wall Street bank exposed their personal information by failing to properly retire some of its older information technology on two occasions. A preliminary settlement of the proposed class action on behalf of approximately 15 million customers was filed… Continue reading Morgan Stanley to Pay $60 Million to Resolve Data Security Lawsuit
U.S. Outlines Deal with AT&T, Verizon Over 5G Delay Near Airports
According to a previously unreported letter, US transportation officials informed wireless carriers that the government will not seek any further delays in the deployment of 5G wireless service beyond January 19, unless there are any “unforeseen aviation safety issues.” U.S. Transportation Secretary Pete Buttigieg and Federal Aviation Administration (FAA) chief Steve Dickson revealed details in… Continue reading U.S. Outlines Deal with AT&T, Verizon Over 5G Delay Near Airports
The Liberty Company Insurance Brokers Partners with Home Port Insurance Group
The Liberty Company Insurance Brokers announced it has partnered with Home Port Insurance Group. Home Port Insurance Group of Pembroke Pines, Florida, is led by Mariano Demarin. Led by a team of caring and dedicated Agents with over 30 years combined experience, the Home Port team has been able to create a unique culture within… Continue reading The Liberty Company Insurance Brokers Partners with Home Port Insurance Group
Nearly 1,000 Structures Destroyed in Colorado Fire
After a wildfire charred numerous neighborhoods in a suburban area at the base of the Rocky Mountains, a Colorado official says nearly 1,000 homes and other structures were destroyed, hundreds more were damaged, and three people are missing. Boulder County Sheriff Joe Pelle also stated on Saturday that investigators are still looking for the cause… Continue reading Nearly 1,000 Structures Destroyed in Colorado Fire
Bryan Musa Joins Alliant’s Employee Benefits Team in Connecticut
Employee benefits veteran Bryan Musa has joined Alliant as Vice President within its national Employee Benefits Group. Based in Hartford, Connecticut, Musa will design and implement innovative employee benefits solutions for a diverse portfolio of regional and national clients. “Bryan adds additional strength to our team in the Northeast, combining a powerful combination of leadership… Continue reading Bryan Musa Joins Alliant’s Employee Benefits Team in Connecticut
Insurance Communications Firm Names Rod Hughes President
Kimball Hughes Public Relations today announced the appointment of Rod Hughes as president. Hughes, who previously served as vice president, will lead the veteran insurance communications agency, which is headquartered in Philadelphia and has operations in Chicago, Boston and Hartford. Gary Kimball, who launched the company in 1995, will continue in a consulting role and… Continue reading Insurance Communications Firm Names Rod Hughes President
Purdue Pharma Seeks to Appeal Ruling Overturning Opioid Settlement, Liability Shield
According to a court filing late Thursday, Purdue Pharma is seeking to appeal to the 2nd U.S. Circuit Court of Appeals a judge’s decision to unravel its restructuring plan, which would have shielded its owners from liability in civil opioid-related cases. The appeal came after U.S. Bankruptcy Judge Robert Drain in White Plains, New York,… Continue reading Purdue Pharma Seeks to Appeal Ruling Overturning Opioid Settlement, Liability Shield
January Reinsurance Renewals Reflect Healthy But Evolving Market
January 1 renewals, according to Guy Carpenter, reflected a healthy but evolving market as reinsurers adjusted risk appetite and pricing thresholds for certain sectors in response to ongoing and emerging challenges. Despite this, the majority of placements were ultimately orderly once cedents’ terms were issued, as market participants effectively traded through a dynamic environment.… Continue reading January Reinsurance Renewals Reflect Healthy But Evolving Market