Yearly Archives: <span>2021</span>

AgentSync Secures $75M at a $1.2B Unicorn Valuation to Power Growth Across the Insurance Industry

Trusted by the fastest growing companies in insurance, AgentSync is the first insurtech SaaS unicorn focused on building infrastructure for the $1.3T US insurance market. New funds will support customer-driven demand and fuel product development for existing and new solutions …

Wholesale Brokers Look to Continue Offering Value While Addressing Talent Gap

The wholesale insurance market continues to grow premiums while providing value to retail agents and important options to their customers, according to a report commissioned by the Wholesale and Specialty Insurance Association (WSIA). But the segment must face the challenge …

Charles Taylor Accelerates Growth Course in the US as it Launches New Business Lines, Acquisitions and Attracts Top-Tier Talent

Achieving Rapid Growth in the US Since Rolling Out National Expansion Strategy NEW YORK, NEW YORK – DECEMBER 7, 2021 – Charles Taylor Adjusting and Technical Services, a leading global loss adjusting business, today reported continued growth within their US …

Ireland Braces for ‘Weather Bomb’ With Violent Winds and Rain From Storm Barra

Ireland braced for a so-called weather bomb, with Storm Barra’s violent winds and rain slamming the country Tuesday and Wednesday. The Irish Meteorological Service issued a red wind warning for three counties in the west and south of the country, …

Hong Kong’s AIA Group Sells Nearly $10 Billion of Coal Investments

AIA Group Ltd. has sold off almost $10 billion of investments in coal mining and coal-fired power businesses as pressure grows on financial firms to cut ties with the sector. The insurer completed the entire sale of directly managed equity …

Texas Windstorm Insurance Association Committee Recommends Willis Re for Reinsurance Broker

The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee met on December 6 to review best and final offers from respondents to the Association’s request for proposals for reinsurance broker services. The Committee voted to recommend to TWIA’s Board of …

Minnesota Winter Storm Causes Hundreds of Car Crashes, No Fatalities

Snowfall reached nearly 1 foot on Sunday, Dec. 5 in some parts of northern Minnesota. The Minnesota State Patrol reported hundreds of car crashes during the storm. Authorities said 26 of the crashes resulted in injuries, but no fatalities were …

People Moves: Sedgwick Pooling; Synapse Gets Energy

Memphis-based Sedgwick, the national claims management and benefits firm, announced it had elevated two longtime officers to new positions. Micheon Balmer will be managing director over Sedgwick’s national pooling operations in California, Michigan and Texas and will oversee specialty business. …

Renaissance Adds Another Florida Insurance Agency

Hillcrest Insurance Agency in Mount Dora, Florida, is now part of the Renaissance Alliance, a network of independent agencies. Hillcrest offers coverage for construction, homeowners’ associations, restaurants, houses of worship and campgrounds. Renaissance, with offices in Southborough, Massachusetts, and Miramar, …

Snowbirds Could Feel Chill: Citizens Revives Idea of Surcharge on 2nd Homes

Citizens Property Insurance Corp. officials have spoken extensively about the need to depopulate the insurer’s rolls and reduce its dramatic growth rate, and the measures Florida lawmakers can take to help with that. Ideas discussed in recent months include allowing …