Yearly Archives: <span>2021</span>

Hanes Named President of Ryan Specialty’s Stetson Insurance Funding

Anthony Hanes has joined Chicago-based Ryan Specialty Group’s Stetson Insurance Funding (Stetson) as president. Stetson specializes in financing commercial and personal lines insurance premiums for the excess and surplus insurance lines industry. As president of Stetson, Hanes will focus on …

Texan Insurance Acquires Suzanne Brown Agency in Houston

Texan Insurance has acquired Houston-based Suzanne Brown Agency LLC in an all-cash transaction. Founded in 2001, Suzanne Brown Agency is an independent, full-service insurance agency that specializes in personal and commercial insurance needs. Suzanne Brown and her 11-member staff will …

French to Serve as Director of Ohio Insurance Department

Former Ohio Supreme Court justice Judith L. French has been appointed as the next director of the Ohio Department of Insurance, Interim Director Tynesia Dorsey announced. French’s appointment is effective Feb. 8. In addition to serving as a justice, French …

Fire Damage to Wisconsin School Buses Estimated at $525K

Investigators believe a fire that burned six school buses at a Racine County, Wisconsin, depot was ignited by an electrical problem and was not suspicious in nature. The fire at the Thomas Bus Service lot in the Town of Burlington …

California Warehouse Worker Arraigned for Alleged Workers’ Comp Fraud

Crescencio Velasco Covarrubias, 45, of Button Willow, Calif., was arraigned this week on multiple felony counts of insurance fraud after allegedly failing to disclose prior work-related injuries in order to collect undeserved workers’ compensation benefits. Covarrubias filed a workers’ comp …

Drought, Wildfire Threat Lead to Disaster Declaration in Texas

Saying exceptional drought conditions pose a wildfire threat in a large swath of West and Southwest Texas, Gov. Greg Abbott has issued a disaster declaration for counties in those areas of the state. Abbott said drought conditions pose a threat …

AXA XL Launches Builders Risk Coverages for Mass Timber Construction Projects

AXA XL’s North America Construction business has launched builders risk insurance programs to address mass timber project risks for construction clients. Mass timber building materials, which includes cross laminated timber (CLT), is a family of engineered wood products (EWPs) which …

Branch Insurance Enters Indiana with Bundled Home, Auto Coverage

Branch Insurance, based in Columbus, Ohio, has expanded into Indiana. Using technology and automation, the company offers bundled home and auto insurance online. Branch’s entry into Indiana marks the company’s sixth statewide launch since its founding. Branch said it intends …

Iowa’s CGA Insurance Services Launches Managing General Underwriter Program

West Des Moines, Iowa-based Career General Agency LLC (CGA Insurance Services), a subsidiary of GuideOne Insurance, has launched a managing general underwriter (MGU) program with its newly developed CGA Energy Division. Calling the MGU launch a “momentous achievement for our …

$22M-Plus Recovered for Louisiana Insurance Consumers in 2020

The Louisiana Department of Insurance Office of Consumer Services recovered more than $22 million for consumers from insurance companies through complaint resolution in 2020, the department reported. All payouts are in excess of what insurers originally offered consumers for their …