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SASCO Insurance Services Merges with New Jersey’s Otterstedt Insurance Agency

SASCO Insurance Services of Hackettstown, N.J., has recently merged with Otterstedt Insurance Agency Inc., headquartered in Englewood Cliffs, N.J. SASCO Insurance has been providing customized insurance coverage plans for commercial and personal lines clients since 1984. Otterstedt has served a …

Travelers Teams with Amazon to Offer Smart Home Products, Insurance Quotes

The Travelers Companies Inc. is teaming up with Amazon to offer smart home kits, insurance quotes and risk management information through a digital storefront: Amazon.com/Travelers. Customers will be able to obtain smart home kits at discounted prices in participating states. …

Brokerslink Names Fonseca, MDS Group’s CEO, as Chairman, Replacing Allard

Global broking network Brokerslink announced it has appointed José Manuel Fonseca as its new chairman, replacing Grégory Allard, who steps down after a two-year tenure. As one of the original founders of Brokerslink, Fonseca also is the CEO of Porto, …

Drug Ads on TV Would Show Prices Under Trump Administration Proposal

The U.S. government, in an effort to increase pressure on drugmakers to lower costs for U.S. consumers, said on Monday it will propose requiring companies to include the price of their prescription medicines in television ads. Health and Human Services …

Worldwide Facilities Restructures; Promotes Stuckman, Haldeman to President Roles

National wholesale brokerage, managing general agent and program underwriter Worldwide Facilities has announced a restructuring that reorganizes operations into three divisions: Worldwide Brokerage, Worldwide MGA, and Worldwide Programs. The move is in response to the Los Angeles-based firm’s fast growth …

Seeman Holtz Property & Casualty Acquires Allstar Assurance of Florida

Seeman Holtz Property & Casualty, Inc. has acquired Allstar Assurance, headquartered in Weston, Fla. Allstar Assurance has been serving south Florida for over 14 years offering multi-line property and casualty insurance coverage for commercial, personal and financial industries. With the …

Florida Orders Insurers to Halt Rate Hikes; Sets Up Hurricane Michael Claims Village

Florida’s insurance regulator has issued an emergency order that ensures “additional protections” to Florida policyholders – including freezing any rate hikes for 90 days – to support recovery efforts in areas impacted by Hurricane Michael. The order by Florida Insurance …

Mississippi Furniture Company Damaged Again by Fire

For the second time this year, a large fire has torn through American Furniture Company in northern Pontotoc County. Pontotoc County Fire Coordinator Adam Patton tells the Northeast Mississippi Daily Journal that the fire was reported around 6 a.m. Saturday. …

Zurich North America Names Butt to Lead Casualty for Commercial Insurance

Valerie Butt has been named Head of Casualty for Zurich North America Commercial Insurance. Butt will lead the casualty business with responsibility for new and renewal business. Butt takes on the role that was vacated when Brandon Fick was named …

Opioid Overdoses in Maryland Increase in First Six Months of 2018

Statistics show the number of opioid-related overdoses in Maryland increased 14.8 percent over the first six months of 2018 compared with the same period last year. According to data released Friday by the Maryland Department of Health, opioid overdoses killed …