Yearly Archives: <span>2021</span>

Holmes Murphy Names Cornett, Spencer, Reavis to New Leadership Roles

Independent brokerage firm, Holmes Murphy, in Waukee, Iowa, has added Roger Cornett and Jeff Spencer to its board of managers, and Jay Reavis to its executive committee. Each of these leaders brings years of experience, as well as energy and …

Hurricane-Force Winds Caused Extensive Damage in North Dakota

A weather system packing hurricane-force wind gusts has caused extensive damage and power outages in western and central North Dakota. The National Weather Service reported wind gusts of 77 mph at Garrison, 81 mph in Hettinger County and 93 mph …

40 La Crosse, Wisconsin, Wells Contaminated with PFAs, Tests Show

Dozens of La Crosse, Wis.-area wells are contaminated with forever chemicals known as PFAS, tests revealed. At least 40 wells that provide private drinking water on French Island are contaminated with PFAS levels above recommended standards, the La Crosse Tribune …

Startup Loop Wins Funding for Fairer Auto Insurance Rating Model That Uses AI

Loop, a managing general agency focused on building an auto insurance model that does not utilize credit scores and ZIP codes, announced the close of a $3.25 million seed round last week. Freestyle.VC led the funding round, with participation from …

Hamilton Appoints AXA XL’s Scully as Head of Casualty Insurance in Bermuda

Hamilton Insurance Group Ltd. announced the appointment of Elaine Scully as senior vice president, head of Casualty Insurance in its Bermuda company, Hamilton Re Ltd. Scully will report to Tim Duffin, chief underwriting officer, Hamilton Re. She will be based …

Business Startups Surged Amid Covid-19 Pandemic

The surge of U.S. business formations in the back half of 2020 has been one of the pandemic’s many surprises. After cratering by 30% in the weeks following the March lockdowns, paperwork filed by prospective businesses started growing in June …

USI Insurance Services Acquires CB Insurance in Colorado

USI Insurance Services has acquired Colorado Springs, Colo.-based CB Insurance LLC. Terms of the deal were not disclosed. CB Insurance and its predecessors have served the needs of the Colorado community for more 100 years, specializing in commercial and personal …

Insurance Veterans Lead Confianza, Big Data Analytics Startup for Smaller Insurers

Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers. One co-founder – Jeffrey Glazer – is a past chief executive officer of Activer Solutions and Insurity, and was a past CEO of Insurance …

How Climate Change May Affect Hurricane Risk and Losses: AIR, Brookings, AXIS

By 2050, climate change-related weather events will have a meaningful impact on future hurricane losses, increasing them by 20% or more and in some cases doubling them, even without any increase in the concentration of property exposure along the coast, …

Vermont’s Winooski Insurance Adds Heaslip to Its Leadership Team

Winooski Insurance of Williston, Vermont, a commercial insurance agency of nearly 40 years, is growing its leadership team with the addition of Ryan Heaslip. Heaslip joins the team as the director of Commercial Lines – Sales. He is an insurance …