BUA, LLC, a managing general agency based in Portsmouth, N.H., has agreed to purchase Weather Insurance Agency of East Setauket, N.Y.
BUA said Weather Insurance Agency’s weather coverage would complement BUA’s event cancellation insurance offerings.
Weather Insurance Agency provides weather coverage for 1) events, such as outdoor fairs, festivals and concerts; 2) film and television shoots that require a certain number of dry hours in order to complete production; and 3) retail promotions that offer customers a refund if a particular weather circumstance happens on a particular day.
Weather Insurance Agency’s president John Perugini will continue to oversee all aspects of the acquired agency’s business, including underwriting and marketing.
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