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Bicycle Thefts Rise to 5-Year High in Minneapolis

Minneapolis, Minnesota, police say bicycle theft in the city is at a five-year high. Police department data obtained by the Star Tribune shows almost 4,300 bikes reported stolen since 2017. The rash of thefts frustrates cyclists and police, who don’t …

FEMA Awards $2.7M to Orange County, Texas, for Flood Damage Project

The Federal Emergency Management Agency (FEMA) has awarded more than $2.7 million to Orange County through the Texas Division of Emergency Management to fund a project to acquire and demolish 20 structures impacted by flooding from Hurricane Harvey that may …

Alliant Acquires InvisionBenefit in Illinois

Alliant Insurance Services has acquired Northern Illinois-based InvisionBenefit. As part of the company’s Employee Benefits Group, InvisionBenefit will expand Alliant’s Midwest benefits presence while bringing a broad array of benefits, consulting and advisory services under the Alliant banner. Founded in …

Alera Group Acquires Benefit Commerce Group in Arizona

Alera Group has acquired Benefit Commerce Group in Scottsdale, Ariz. All Benefit Commerce Group employees will continue operating out of the firm’s existing locations under the name Benefit Commerce Group, an Alera Group Company, LLC. Terms of the deal were …

Insurance Technologies Corp. Acquires Ohio’s Smart Harbor

Insurance Technologies Corporation (ITC), a provider of websites, marketing, comparative rating and management software and services, has acquired Columbus, Ohio-based Smart Harbor, which provides digital technology products and services to insurance agents. Smart Harbor is owned by The Shipyard, a …

Delaware Officials to Update Public on Aftermath of Gas Leak

Delaware environmental officials are updating residents about actions taken by a chemical plant owner since a gas leak last year temporarily closed the Delaware Memorial Bridge on one of the busiest travel days of the year. Department of Natural Resources …

Pennsylvania Makes Changes to Reduce Chances of Workers’ Comp Rate Filing Errors

Pennsylvania Insurance Commissioner Jessica Altman and Labor & Industry Secretary Jerry Oleksiak announced agreements with two insurers and the Pennsylvania Compensation Rating Bureau (PCRB) to protect Pennsylvania businesses and lessen the chances of errors in the filing of loss costs, …

Concord Specialty Risk Hires Peress as Vice President in New York

Concord Specialty Risk has hired Ilan D. Peress as vice president and Reps & Warranty Insurance underwriter, where he will take on a leading role in Concord’s Reps & Warranty Insurance practice. Peress will be based in New York, N.Y. …

Cook Maran Hires Patterson as a Client Advisor in New Jersey

Cook Maran, a Prime Risk partner, headquartered in Melville, N.Y., recently hired Eric Patterson as a client advisor. He will operate out of the Cook Maran location in Fair Lawn, N.J. Patterson was previously a Professional Employer Consultant at TriNet …

Many Reinsurers Take Increased Catastrophe Risks as Rates Harden: S&P

Some global reinsurers have chosen to stop retrenching from catastrophe risks, deciding instead to take advantage of higher premium rates and increase their exposure, according to S&P Global Ratings. Although risk discipline is likely to prevail, global reinsurers’ greater exposure …