Personal Lines News

South Central Regulation Report Card: Texas’ Grade Rises, Arkansas’ Drops

No South Central state had the best score and none had the worst in a report recently released by a conservative-leaning research organization that annually assesses the effectiveness states’ insurance regulatory systems. Grades assigned to the insurance regulatory systems in …

Midwest Regulation Report Card: States’ Grades Range from A to D

Grades assigned to the insurance regulatory systems in the Midwest states of Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin range from A to D in a report recently released by a conservative-leaning …

National General Purchases Non-Standard Auto Renewal Rights from Nationwide

National General Holdings Corp. has entered into a renewal rights transaction with Nationwide Mutual Insurance Co. for its personal and commercial non-standard vehicle in-force policies. National General will partner with Nationwide’s exclusive and independent agent force to sell its policies …

Texas Insured Property Losses Setting Record in 2016

Damaging hail storms and wide-spread flooding have caused record setting losses for both homes and automobiles this year in Texas, according to a state insurance trade group. This year’s insured losses for the first two quarters already surpass every year’s …

American Integrity Insurance Launches Umbrella Coverage for Florida Homeowners

Tampa-based American Integrity Insurance Co., a Florida property insurance company, has launched a new umbrella policy for Florida consumers and property insurance policyholders. The new coverage offers up to $5 million in protection. Umbrella coverage is designed to help protect …

Autopilot Warning May Not Help Tesla in Crash Defense

Telling Tesla drivers its Autopilot feature doesn’t mean their cars can drive themselves may not be enough to keep Elon Musk off the hot seat if the technology comes up short. This month, two Teslas equipped with Autopilot veered into …

NFP Completes Sale of Majority Stake in Kestra Financial to Stone Point Capital

NFP, an insurance broker and consultant, has completed the sale of a majority stake in Kestra Financial (Kestra) to funds managed by Stone Point Capital LLC (Stone Point), a private equity firm focused on investing in the financial services industry. …

Main Street America Group Expands Private Passenger Auto Coverage to Conn., N.H.

The Main Street America Group has expanded its private passenger auto insurance program to Connecticut and New Hampshire. Highlights of the Main Street Protection Auto program, which was first launched in South Carolina and Virginia last fall, include a lineup …

Confie Buys Automobile Insurance Specialists, Trinity Insurance & Whitehead Insurance

Editor’s Note: This announcement has been updated to correct the name – Automobile Insurance Specialists Inc., based in Las Vegas. Confie has acquired three insurance agencies in Las Vegas, South Florida, and Washington State. Confie acquired the assets of: Automobile …

$4MM Commission – CA Preferred Personal Lines Agency For Sale by Ace Business Brokers

Santa Monica, CA, May 4, 2016 – Ace Business Brokers announces a Southern California preferred personal lines agency for sale: $4 million in commissions 16,500+ client base Retention rates in 90’s Adjusted Net income $2.9 million Portable opportunity – ideal …