Monthly Archives: <span>May 2018</span>

Nationwide Ventures Backs Drone Data Startup Betterview

Nationwide has made an investment in Betterview, a machine learning insurtech startup that focuses on analyzing data from drones, satellite and other aerial imagery. Betterview said it will use the undisclosed amount of money to expand the use of its …

Hub International Acquires the Assets of Tennessee-Based The Barnett Group

Hub International Limited has acquired the assets of Barnett Corporate Insurers, LLC (or The Barnett Group). Terms of the acquisition were not disclosed. Headquartered in Memphis, Tenn., The Barnett Group provides employee benefits for more than 75,000 individuals. The company’s …

Court Approves Patriot National Bankruptcy, Reorganization

The bankruptcy and reorganization plan filed by insurance technology and outsourcing firm Patriot National has been approved and the transition of ownership of the Florida-based company can now move forward. According to a statement from Patriot National, the bankruptcy court …

Insurers Seeking Major Premium Hikes for Obamacare Plans in 2019

The first glimpse of what health insurance companies plan to charge for Obamacare plans next year suggests there’s no relief ahead for consumers saddled with high premiums. Several insurers in Maryland and Virginia are seeking double-digit percentage increases in monthly …

Monarch’s Kaufman Joins Western Security Surplus as Chief Operating Officer

Western Security Surplus Insurance Brokers LLC has named Mark Kaufman its chief operating officer. Kaufman will be charged with growing WSS’ West coast production staff as well as adding product lines. Kaufman will be part of the Los Angeles team …

Monarch’s Kaufman Joins Western Security Surplus as Chief Operating Officer

Western Security Surplus Insurance Brokers LLC has named Mark Kaufman its chief operating officer. Kaufman will be charged with growing WSS’ West coast production staff as well as adding product lines. Kaufman will be part of the Los Angeles team …

Leavitt Group Acquires HBT Insurance in Washington

Auburn, Wash.-based HBT Insurance has been acquired by Leavitt Group. HBT will affiliate with the group and merge with Leavitt Group Northwest. Terms of the deal weren’t announced. HBT’s Bill Cowart and Bob Klontz will join Leavitt Group Northwest’s shareholder …

EPIC Names Conrad a Southern California Principal

EPIC Insurance Brokers and Consultants has named Sean Conrad a principal in its Southern California operations. Conrad will be based in EPIC’s Irvine, Calif., office. He will be responsible for new business development as well as the design and oversight …

California Commissioner Ran a Climate Change ‘Stress Test’ on Insurers

California Insurance Commissioner Dave Jones has run a “stress test” on the state’s largest insurers. Jones said during a press conference on Tuesday that he is the first U.S. financial regulator to conduct a climate-related financial risk stress test and …

Texas Oil Industry Employment Lags Amid Stalled Oil Market Recovery

Skilled workers in Texas are still looking for jobs as U.S. employment in the oil and gas industry continues to lag behind rising oil prices. The Houston Chronicle reports that job seekers hoping for an oil market recovery will likely …