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Gulf of Mexico Oil Spill Stirs Comparison to BP Disaster

An oil spill in the Gulf of Mexico last week may be the largest in the U.S. since the 2010 blowout at BP Plc’s Macondo well that sank the Deepwater Horizon rig. The Delta House floating production facility about 40 …

Saltzman Opens Third Brightway Agency in Tampa Area

Rich Saltzman, owner of Brightway, The Saltzman Agency in Tampa, Fla., is now a multi-unit owner with Brightway Insurance with the purchase of a Brightway store located in Largo, Fla. The new agency is located at t 1601 East Bay …

Hub International Acquires Assets of Banyan Consulting Group of North Carolina

Hub International Limited has acquired the assets of Banyan Consulting Group, Inc. (Banyan). Terms of the acquisition were not disclosed. With offices in Greensboro, Raleigh and Charlotte, North Carolina, Banyan specializes in employee benefits. Alan Overbey, CEO of Banyan, will …

Florida Workers’ Comp Rate Hearing Scheduled for Oct. 18

The Florida Office of Insurance Regulation (OIR) will conduct a public hearing to discuss the National Council on Compensation Insurance’s (NCCI) proposed overall statewide average workers’ compensation premium decrease of 9.6 percent on Oct. 18 at 1:00 pm EST. The …

When Hurricanes Wreak Havoc: An Insurance Agency’s Perspective

Weathering a storm like Hurricanes Harvey, Irma or Maria requires planning, insurance and grit. In a span of 30 days the devastation from multiple hurricanes impacted millions of American families and businesses. When Harvey was offshore and still setting its …

Minnesota Chiropractor and 2 ‘Runners’ Convicted for Auto Insurance Fraud Scheme

Minnesota chiropractor and two co-defendants have been convicted by a federal jury for their roles in an insurance fraud conspiracy, state Commerce Commissioner Mike Rothman announced. Chiropractor Preston Ellard Forthun, 39, of Bloomington, was convicted on charges of conspiracy, mail …

Wignes Joins Alliant as Senior VP in Chicago

Wayne Wignes, a specialist in aviation and aerospace insurance, has joined Alliant Insurance Services as a senior vice president. He is based in Chicago. At Alliant he will provide targeted risk management and insurance solutions to a national portfolio of …

Kansas Workers’ Comp Rates to Decrease in 2018

Kansas Commissioner of Insurance Ken Selzer announced that workers’ compensation insurance rates on average will drop in his state in 2018. The National Council on Compensations Insurance Inc. (NCCI) filing for the 2018 workers’ compensation rate shows a decrease of …

Arthur J. Gallagher & Co. Acquires New Mexico’s Reynolds & Rodar Insurance Group

Arthur J. Gallagher & Co. has acquired Santa Fe, New Mexico-based Reynolds & Rodar Insurance Group Inc. Terms of the transaction were not disclosed. With roots going back to 1882, Reynolds & Rodar is the oldest independent agency in New …

Vegas Risk Management Summit Tackled Commercial Auto, Workers’ Comp And More

One reason behind continuously dismal commercial auto insurance losses is a spate of “nuclear cases” that are plaguing the industry with multi-million lawsuits. The amount of money and resources being put into the legal battlefield over commercial auto lawsuits is …

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