Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance, is pleased to announce its latest strategic acquisition of The Point Insurance Services, an independent insurance agency deeply rooted in the Downey, California community.
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Brown & Brown’s Revenue Grows 13.8% in Q4 2023
Brown & Brown reported total revenue of $1.03 billion in the fourth quarter of 2023, reflecting a 13.8% increase from $901.4 million in the prior-year quarter.
Microsoft Says Russia-Linked Group Hacked Employee Emails
Microsoft Corp. said a Russian-linked hacking group attacked its corporate systems, getting into a “small number” of email accounts, including those of senior leadership and employees who work in cybersecurity and legal.
MGA Tangram Expands Into Reinsurance Broking with Preferred Re Acquisition
Managing general agency Tangram Insurance Services Inc. expanded into reinsurance brokerage with the acquisition of Preferred Reinsurance Intermediaries for undisclosed terms.
Nearly 75% of the U.S. Could Experience a Damaging Earthquake
Nearly 75 percent of the U.S. could experience damaging earthquake shaking, according to a recent U.S. Geological Survey-led team of 50+ scientists and engineers.
Winter Weather Events Cost $754 Million Annually in Texas
Ice storms, cold waves, hail, winter storms: Texas has them all. And the combination of these weather events leads to at least $754 million in losses in Texas and $106.4 million in losses in Dallas annually, according to the National Risk Index, a database maintained by the Federal Emergency Management Agency.
Crown Extension Studio Tapped as 2024 Winner of SASSI’s Salon Stars: Mental Wellness Champions Competition
SASSI®, the Salon and Spa Specialty Insurance Agency, today announced Crown Extension Studio has won the agency’s Salon Stars: Mental Wellness Champions Competition.
Largest U.S. Private Auto Insurers Boost Rates by Double Digits in 2023
The U.S. private auto insurance hard market solidified even more in 2023 as each of the 10 largest underwriters raised their premium rates by double digits, compounding substantial hikes in 2022, according to S&P Global Market Intelligence’s RateWatch application.
Appeals Court Overturns Liberty Mutual Win in Cyber Suit With Southwest Airlines
The 5th Circuit Court of Appeals has revived a complaint by Southwest Airlines over claims denied by Liberty Insurance Underwriters associated with a massive computer failure that disrupted travel for nearly a half-million people.
Allstate Reports Q4 Catastrophe Losses of $68 Million
Property and casualty insurer Allstate Corp reported catastrophe losses for the fourth quarter stood at $68 million before tax.