Monthly Archives: <span>October 2024</span>

OPTIS: Insurance Agency M&A Down 10% This Year

The total of insurance agency mergers and acquisitions as of the end of September was down 10% from the same period in 2023, according to investment banking and financial consulting firm OPTIS Partners. OPTIS Partners’ M&A database counted 535 announced …

Aerospace Startup Partners With NASA, USGS to Monitor Wildfires, Storms From Space

Aerospace startup Sceye has partnered with NASA and the U.S. Geological Survey to deploy climate management tools to monitor wildfires and storms from the edge of space, the company and the government agencies exclusively told Reuters on Tuesday. Sceye’s High …

ICEYE Analysis Shows Wider Florida Flooding From Milton: 185,000 Buildings Hit

Flooding from Hurricane Milton appears to have been more extensive than initially determined, affecting almost 185,000 buildings all across Florida, says a new analysis from ICEYE, a firm that uses satellite images to measure damage for the insurance industry. The …

Ship Owner in Baltimore Bridge Collapse Blames Maryland, Others in Liability Case

As a sprawling liability case takes shape following the deadly collapse of Baltimore’s Francis Scott Key Bridge in March, the owner and manager of the container ship Dali are seeking to deflect responsibility and cast blame elsewhere. Attorneys for Singapore-based …

InterWest Acquires McDermott-Costa Insurance Brokers in California

InterWest Insurance Services acquired McDermott-Costa Insurance Brokers in San Leandro, California. John Johnson and Mike McDermott will remain in leadership roles. InterWest is headquartered in Sacramento. McDermott-Costa Insurance Brokers is an employee owned, regional independent insurance brokerage firm.

California Plans to Rev up Sales of Electric Motorcycles

At New Century Motorcycles in Alhambra, a handful of electric motorcycles are relegated to the back of the store, tucked behind the dirt bikes. The store sells one a month, at most, a salesperson said. Motorcyclists have long loved their …

NTSB Preliminary Report Details Fiery but Safe Emergency Landing of Plane in Las Vegas

Federal investigators say an electrical system malfunctioned, the autopilot quit and some radio communications were disrupted aboard a Frontier Airlines plane shortly before the pilots made a fiery but safe emergency landing in Las Vegas earlier this month. No one …

6 Essential Skills of an Insurance Agent You Need to Master

This post is part of a series sponsored by Darkhorse Insurance. Being an insurance agent isn’t just about selling policies; it requires a combination of knowledge, dedication, and skills that help you succeed in a highly competitive industry. Whether you’re …

Allstate Turns in Net Income of $1.2B After Q3 Hurricanes

Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to a loss of $41 million during the same time a year ago. The Northbrook, Illinois-based insurer recorded an improvement in …

Louisiana Fortify Homes Program Waitlist Participants Upgraded to Active Status

The Louisiana Department of Insurance said that the 400 Louisiana Fortify Homes Program (LFHP) registrants who were placed on the waitlist after registering for the fifth round of grants last month have been moved to active participant status and may …