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Hillebrandt Named Principal at Illinois’ Pinnacle Actuarial Resources

Pinnacle Actuarial Resources Inc. (Pinnacle), a Bloomington, Ill.-based actuarial consulting firm, has named Aaron Hillebrandt a principal and consulting actuary. Hillebrandt is one of the firm’s leaders in the captive industry and alternative markets. He serves as appointed actuary for …

World Insurance Associates Acquires Two Rivers Insurance in Iowa

World Insurance Associates LLC (WIA) has acquired Two Rivers Insurance Company Inc. (TRIC) of Burlington, Iowa. TRIC includes Two Rivers Insurance Services (TRIS) and Employee Benefits Systems (EBS). Terms of the Dec. 31, 2020, transaction were not disclosed. TRIC will …

Crest Insurance Group Acquires Gates in Arizona

Crest Insurance Group LLC of Tucson Arizona has acquired Gates Insurance Inc. President Michael Gates and his staff have been serving clients out of their home office in Mesa, Ariz., since 2009. Gates is a full-service property/casualty firm specializing in …

High Street Acquires Partners Premier in Oregon

Private equity firm Huron Capital announced today that its insurance brokerage platform, High Street Insurance Partners, has acquired Premier Northwest Insurance in Oregon City, Ore. The firm has also acquired Day, Deadrick & Marshall Inc. in Beltsville, Md. Premier NW …

Blackstone Makes ‘Significant’ Investment in Florida-Based SUNZ Holdings

SUNZ Holdings, LLC has announced that funds managed by Blackstone Tactical Opportunities have acquired a significant stake in the company to help fuel SUNZ’s continued expansion. Terms of the transaction were not disclosed. SUNZ , a Florida-based a provider of …

Tamayo Returns as CEO of MAPFRE North America; Joined by Corral

Jaime Tamayo is returning to MAPFRE North America to be chief executive officer, a post he relinquished in 2016 after eight years to become CEO of international operations for the insurer. In his return, Tamayo is succeeding his successor, Alfredo …

California Hospital Fined for Deadly Post-Holiday Virus Outbreak

Kaiser Permanente has been fined $43,000 for failing to report a deadly coronavirus outbreak that may have been caused by an inflatable holiday costume worn by an unknowingly infected staffer on Christmas Day. The number of cases linked to the …

Colorado City Settles with Man Shot by Stun Gun for $875K

The Boulder City Council in Colorado has approved an $875,000 settlement with a man who was injured after a police officer shot him with a stun gun in March 2019. Christopher Mahan got into the wrong Lyft vehicle while intoxicated …

Canadian Insurtech Apollo Closes C$13.5 Million Funding Round

Apollo Insurance Solutions Ltd., the Toronto-based online insurance company, announced it has closed an oversubscribed C$13.5 million (US$10.6 million) Series A financing round, which exceeded its original C$4 million (US$3.2 million) target. Gravitas Securities Inc. led the financing which resulted …

Voting System Firm Files $1.3B Defamation Lawsuit Against Pro-Trump Lawyer Powell

Dominion Voting Systems filed a defamation lawsuit against lawyer Sidney Powell on Friday, seeking at least $1.3 billion for Powell’s “wild accusations” that the company rigged the presidential election for Joe Biden. “Dominion brings this action to set the record …