State Farm CEO Michael Tipsord said the nation’s top property/casualty insurer will likely never be the same following the pandemic – and that may be a good thing. “I don’t think we’ll ever go back to March 11,” said Tipsord, …
Arthur J. Gallagher & Co. announced the acquisition of St. Cloud, Minnesota-based Mahowald Insurance, LLC. Terms of the transaction were not disclosed. Founded in 1930, Mahowald is a retail insurance agency offering commercial and personal products, employee benefit packages and …
USI Insurance Services announced the acquisition of Noblesville, Indiana-based Ritman & Associates Inc. (“Ritman”). Founded in 1989, Ritman specializes in the delivery of insurance solutions for lawyers and professionals, small businesses and individuals. The company’s operations will be combined with …
When Daniel DePetris, a U.S.-based foreign affairs analyst, received an email in October from the director of the 38 North think-tank commissioning an article, it seemed to be business as usual. It wasn’t. The sender was actually a suspected North …
Production of oranges in Florida this season is forecast to be down 36% from earlier estimates, in part a reflection of twin hurricanes that battered growing regions, according to U.S. Agriculture Department figures released Friday. The latest forecast calls for …
Ryan Specialty signed a definitive agreement to acquire certain assets of Griffin Underwriting Services in Bellevue, Washington. The acquisition is expected to close in January 2023. Griffin Underwriting is a binding authority specialist and wholesale insurance broker. Griffin offers services …
Chokoloskee and Everglades City, two fishing villages-turned-travel-destinations that sit next to each other on the cusp of Everglades National Park and the Gulf of Mexico, have seen more than their share of hurricane destruction — Donna in 1960, Wilma in …
Liberty Mutual Insurance is the target of a proposed class action alleging that the company uses spyware on its website that violates Pennsylvania’s electronic surveillance law. The suit claims the company uses “session replay” spyware, namely Clicktale and Datadog, to …
Ahead of this week’s special legislative session in Florida, the AM Best financial rating firm predicts that “without immediate and substantive long-term legislative reforms,” further insurer insolvencies are on the near-term horizon. “The outcome of the special legislative session could …
The UK set out a package of financial services reforms that cuts across dozens of areas but fell short of the “Big Bang” that politicians were promising earlier this year and is unlikely to deliver the dramatic reshaping that some …
