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Best Agencies to Work For: Morris & Garritano – Overall Winner

It’s no easy feat to survive as a small business let alone to survive and thrive after 132 years in operation. That’s what Morris & Garritano (M&G) — winner of Insurance Journal’s 2017 Best Agencies to Work For 2017 Overall …

How Lemonade Is Deciding Who Else May Sell Its Insurance

Digital insurer Lemonade reports that more than 400 businesses applied to sell its insurance within the first 24 hours after it offered to make its sales platform widely available. On October 12, Lemonade announced it launched a public API (application …

Reinsurance Sector’s Share of Hurricane, Quake Losses Is $20B-$25B: A.M. Best

Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are between $20 billion-$25 billion out of an overall industry loss of $90 billion, according to calculations issued by A.M. Best. “We …

USAA Among Backers of Home Water Damage Prevention Startup Flo

Flo Technologies has unveiled Flo, an intelligent home water monitoring and conservation system that promises to help reduce water damage insurance claims. The startup has raised a total of $11.5 million from investors led by Crosslink Capital with participation from …

New York’s Mackoul & Associates is a Business About People

Working toward joining the Minor Leagues as an umpire to becoming the CEO of an insurance agency may seem like a big career change, but for Ed Mackoul, CEO and president of Mackoul & Associates Inc. in Island Park, N.Y., …

Rolling Stone Slams Defamation Claim in University of Virginia Rape Story

Rolling Stone is defending itself against a defamation lawsuit over a discredited article about a University of Virginia gang rape by arguing that members of a school fraternity knew about discrepancies in the woman’s claims weeks before the article was …

$1.3M Settlement in New Hampshire Paralyzed School Football Player Case

A New Hampshire city and its insurance carriers have agreed to pay a former high school football player who was paralyzed in a 2010 practice $2,000 a month as part of a $1.3 million settlement of his negligence lawsuit. The …

Penn. Couple Suing Police, Insurance Company After Hibiscus Mistaken for Pot

A couple who say they were handcuffed for hours in a police patrol car after their hibiscus plants were confused for marijuana are suing the police and an insurance company. Edward and Audrey Cramer say in a lawsuit filed Tuesday …

XL Catlin Taps Coladon from The Guaranty as Fine Art & Specie U/W in Canada

XL Catlin has appointed Farzina Coladon as underwriter, fine art and specie (FAS) in Canada. Coladon is responsible for underwriting fine art, jewelers block and general specie insurance across Canada. Based in Toronto, Coladon, joined on Nov. 6 and is …

Pen Underwriting Builds on QBE Partnership with Irish P/C Capacity Deal

Pen Underwriting has extended its strategic relationship with QBE into the Republic of Ireland, with a new property & casualty capacity partnership in the highly specialist area of hazardous goods & environmental industries. The new partnership takes effect on Jan. …

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