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UK to Spend £2.5B on Road Repairs; Potholes Cause 90% of Auto Insurance Claims

Britain will spend an extra 2.5 billion pounds ($3.2 billion) repairing 50 million potholes in roads over the next five years, the government said ahead of new finance minister Rishi Sunak’s first budget on Wednesday. Sunak is expected to unveil …

Insurance Office of America Names Cohen in California to Cannabis Team

Insurance Office of America has added Aaron Cohen to its Western region. Aaron will expand the firm’s team of cannabis industry specialists as a risk management consultant. He will be based in Encino, Calif. IOA is an insurance agency headquartered …

How Much U.S. P/C Insurance Bottom Line Grew in 2019: A.M. Best

Net underwriting income for the U.S. property/casualty insurance industry in 2019 grew by $4.9 million from 2018, A.M. Best said in a new report. Underwriting income hit $4.1 billion in 2019, from a loss of $800 million in 2018, even …

Iowa’s BrokerTech Ventures Adds 5 New Agency Partners, Names Hatten as COO

BrokerTech Ventures (BTV), the Des Moines, Iowa-based broker-led investor group and accelerator program, has added five new investor partners/sponsors, including Heffernan Insurance Brokers Inc., The Horton Group, Inc., IMA Financial Group, MJ Insurance and Woodruff Sawyer. BTV also has appointed …

Section of Route 66 in New Mexico Seeing Numerous Fatal Pedestrian Crashes

Nearly one in five fatal pedestrian crashes in New Mexico’s largest city last year occurred in a dimly lighted and highly congested section of historic Route 66 – an area plagued by poverty. An analysis by the Albuquerque Journal found …

Large Earthquake off Coast of Northern California Confirmed

A magnitude 5.9 earthquake struck a spot off the coast of Northern California on Sunday, the U.S. Geological Survey confirmed. The earthquake hit at 6:59 p.m. and was centered in a spot 55.5 miles west of Ferndale, a town of …

Brightway Insurance Franchise Owner Collins Expands Business to New Jersey

Brightway Insurance Franchise Owner Ryan Collins has expanded his business enterprise with a second Brightway location in Chatham, N.J., which is his first location in the Garden State. Collins opened his first Brightway store in Sunrise, Fla., in 2018. Brightway …

New York’s Fullerton Beck Taps Pedro to Manage Newly Opened New Jersey Office

New York-based law firm Fullerton Beck LLP has opened its first New Jersey office in Red Bank. The firm also has an office in White Plains, N.Y. New Jersey insurance coverage attorney Verne Pedro, who started with the firm on …

Dinallo Returns to Debevoise & Plimpton as Chair of Insurance Regulatory Practice

Debevoise & Plimpton LLP has announced that Eric Dinallo has returned to chair its Insurance Regulatory Practice and join its Financial Institutions and White Collar & Regulatory Defense Groups. Dinallo will focus on developing and executing regulatory strategies for clients …

Governor Cuomo Announces More Than 100 Coronavirus Cases in New York State

The number of coronavirus cases in New York state rose Sunday to more than 100, an expected increase Gov. Andrew Cuomo predicts will continue as more testing is done. New York City Mayor Bill de Blasio said Sunday that the …