NFP, an insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client products, has acquired Beacon Insurance Group, Inc., of South Carolina. The transaction closed effective Aug. 1, 2017. Based in Bluffton, S.C., …
Florida hasn’t suffered a category 5 storm since Hurricane Andrew hit the north Miami area on Aug. 24 1992, but the risk of such a storm has not gone away or even declined. In fact, the state’s risk of destruction …
As Hurricane Irma edges closer to Florida, investors on Wall Street are watching a small insurer with an unusually big commitment to the state. Universal Insurance Holdings Inc., with a market capitalization dwarfed by industry giants like Allstate Corp. and …
The Nebraska Department of Insurance announced it is replacing the current motor club line of authority on the producer license with a new motor club representative license type, effective Sept. 13. With the change, the initial license fee will drop …
Tom Humphreys, director of the Risk Management and Insurance Center at Olivet College in Olivet, Michigan, has been appointed to the Michigan Auto Insurance Placement Facility’s board of governors. Humphreys, who holds the CPCU, CLU, ChFC and CIC professional designations, …
The California Workers’ Compensation Insurance Rating Bureau’s governing committee on Wednesday voted to amend the WCIRB’s Jan. 1, 2018 pure premium rate filing that has already been submitted to the insurance commissioner. The vote to amend the filing was based …
Woodruff-Sawyer & Co. has named Jeanna Madlener vice president, account executive/producer at the firm’s Oregon property/casualty practice. Madlener specializes in risk management and coverage placement for mid-sized to large U.S. companies. She works with clients in a variety of industries …
The U.S. House on Wednesday unanimously approved a sweeping proposal to speed the deployment of self-driving cars without human controls and bar states from blocking autonomous vehicles. The bill now goes to the Senate and would allow automakers to obtain …
Jodee Edwards had a home and auto insurance policy issued by insurer Encompass that excluded coverage for loss “arising out of sexual molestation, corporal punishment, or physical or mental abuse.” Edwards was sued in January 2016 for negligent supervision of …
Late in the afternoon on Aug. 31, a Dallas law firm filed a lawsuit to circumvent a new Texas law that went into effect on Friday, Sept. 1. The newly passed law, HB1774, was meant to curb hail lawsuit abuse, …
