Inszone Acquires Schmoekel Insurance Agency in California October 8, 2024 Inszone Insurance Services acquired Schmoekel Insurance Agency Inc. in Sacramento, California. Founded in 1948 by Max Schmoekel, Schmoekel Insurance Agency...
People Moves: Coalition Appoints AIG’s Simonsen as European Head of Insurance October 7, 2024 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, has appointed Tine Simonsen as the company’s head of...
AM Best Downgrades Credit Rating of Shelter Mutual October 7, 2024 AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the...
Bowen, Miclette & Britt Acquires Texas’ M Surety Services October 7, 2024 Bowen, Miclette & Britt Insurance Agency, LLC (BMB) has completed the acquisition of M Surety Services, a provider of contract...
MNK Group Launches Labuan, Malaysia-Based Reinsurance Unit October 7, 2024 MNK Group has launched a specialty reinsurance subsidiary in Labuan, Malaysia, called Pt Mekong Re. The business will offer flexible...
Baltimore Unveils Details of $45M Opioid Litigation Settlement With Walgreens October 7, 2024 Baltimore Mayor Brandon M. Scott has unveiled the terms of the settlement reached last month with Walgreens to resolve the...
People Moves: Walsh Joins Lockton as New England Market Leader October 7, 2024 Lockton, headquartered in Kansas City, Missouri, named Michael Walsh to the company’s Northeast region team as its New England market...
Suit Filed by California Vineyard Owner Fined $120K for Giving Free Housing to Employee October 7, 2024 A California vineyard owner is suing Santa Clara County after officials fined him for allowing his longtime employee to live...
Update on Helene Loss Estimates: CoreLogic Sees $10.5B-$17.5B Insured Loss October 7, 2024 Total insured loss from Hurricane Helene is now estimated at between $10.5 billion and $17.5 billion—a figure that continues to...
Auto Insurers Face Rising Repair Costs, EV and Tech Complexity in 2025: Report October 7, 2024 Amid inflation and labor shortages, the growing impact of electric vehicles (EVs) and rising repair costs, insurers and repairers will...