Special Report: Execs Warn of Impending Florida Market Crisis Over Water Loss Claims May 3, 2016 By Amy O'Connor Abuse of assignment of benefits (AOB) from water loss claims has become a full-blown Florida insurance crisis that will mean...
Bain Capital, Vista Equity Buy Agency Technology Firm Vertafore from TPG May 2, 2016 By Andrew G. Simpson Bain Capital Private Equity and Vista Equity Partners have agreed to acquire insurance agency technology firm Vertafore from TPG Capital....
Willis Programs Launches DroneGuard for Unmanned Aircraft Systems May 2, 2016 Willis Programs, a unit of Willis Towers Watson, and the Association for Unmanned Vehicle Systems International (AUVSI), an industry association...
Greater New York Insurance Companies Expands to Maine Market May 2, 2016 Greater New York Insurance Companies (GNY), a super-regional carrier in commercial property/casualty insurance, announced it will begin issuing policies in...
Prime Risk Partners to Acquire Large Midwest Agency May 2, 2016 Prime Risk Partners Inc. reported it has entered into an agreement to acquire Old National Insurance (ONI), a large independent...
Flash Floods Overwhelm East Texas Town, 6 Deaths Reported May 2, 2016 By Emily Schmall In less than an hour early on April 29, more than 7 inches of rain had accumulated at the water...
Lexington Underwriter Warmuth Killed in Boston Duck Boat Crash May 2, 2016 Allison Warmuth, senior underwriter in healthcare at Lexington Insurance, was killed in a tragic accident Saturday after the scooter she...
Employee Charged in $70M Chicago Furniture Warehouse Fire May 2, 2016 An employee of a suburban Chicago furniture warehouse is facing federal arson charges for allegedly starting a fire that destroyed...
State Auto Financial Q1 2016 Results Fall, Combined Ratio Rises May 2, 2016 Ohio-based State Auto Financial Corp. announced first quarter 2016 net income of $3.0 million, or $0.07 per diluted share, versus...
Pilgrim’s Pride Recalls Chicken Products Due to Foreign-Matter Contamination May 2, 2016 Pilgrim’s Pride, based in Waco, Texas, on April 26 ordered a massive recall of cooked chicken products after consumers and...