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Construction-Focused MGA, Phoenix Specialty, Launches With Capacity From AXA UK

Acies MGU, the London-based managing general underwriter and MGA incubator, announced the launch of Phoenix Specialty, a specialist MGA serving the construction sector. Phoenix will be led by managing director Tim James, subject to regulatory approval. James led the successful …

Illinois State Senator Ann Gillespie Named Acting Director of DOI

Illinois Governor JB Pritzker announced that Illinois Department of Insurance (DOI) Director Dana Popish Severinghaus will step down from her role on April 15th. Popish Severinghaus has served as Director of DOI since January of 2021. Pritzker has appointed State …

Iowa’s EMC Insurance Updates Brand, Logo

Des Moines, Iowa-based EMC Insurance is debuting an updated brand, including a new logo, effective April 9. The company’s website and social media channels have been refreshed with the new look and feel. EMC’s new logo features a distinctive letter …

Norfolk Southern to Settle Ohio Derailment Class Action Lawsuit for $600M

April 9 (Reuters) – U.S. railroad operator Norfolk Southern NSC.N said on Tuesday it had reached a $600 million deal to resolve a class action lawsuit related to the East Palestine, Ohio derailment last year. The agreement, which needs to …

Federal Investigation Begins into Fatal Crane Collapse in Fort Lauderdale

FORT LAUDERDALE, Fla. (AP) — Federal job safety officials began their investigation Friday into the collapse of a crane in downtown Fort Lauderdale that killed one worker, injured three people and left morning traffic snarled. Investigators from the Occupational Safety …

Slow Recovery in Mississippi a Year After Tornado Ripped Town Apart

OLLING FORK, Miss. (AP) — As a deadly tornado barreled toward their home in the Mississippi Delta, Ida Cartlidge only had time to scoop up her 1-year-old son, Nolan, and hold him close. Cartlidge huddled with her husband and three …

King Partners Buys Vero Beach-based Prestige Insurance

King Insurance Partners, the Gainesville, Florida-based brokerage, has continued its steady pace of expansion with the acquisition of Prestige Insurance, with offices in Vero Beach. Michele Anania is principal of the 25-year-old Prestige agency, which focuses on home, commercial and …

Alliant Insurance Services Acquires Captive Program Manager POPIC

Alliant Insurance Services, the Irving, California-based insurance broker, has acquired Property Owners Protection Insurance Co. (POPIC), a national captive program manager that serves owners and managers of multifamily and single-family residential portfolios. Financial details of the deal were not disclosed. …

Former Florida Insurance Commissioner, Agent and FAIA Chair Gunter Dies

Former Florida insurance commissioner, treasurer and Congressman Bill Gunter died Monday at his Tallahassee home. He was 89. “He was a strong, thoughtful public servant and pioneer in insurance regulation as commissioner of insurance, paving the way for future CFOs …

Markets/Coverages: Lemonade Launches Homeowners Insurance in France

Lemonade, the New York-based insurtech, announced the launch of homeowners insurance in France in partnership with BNP Paribas Cardif. Millions of occupying homeowners can now purchase extensive coverage for their home and belongings. Risks are covered by both BNP Paribas …