American Family Insurance News

Under New Owners, Florida’s TRUE Gets Slight Downgrade, Withdraws From AM Best

Six weeks after Trusted Resource Underwriters Exchange, a Florida-based reciprocal property insurer, announced it had received a $1.25 billion capital investment and new majority ownership, the AM Best rating firm has slightly downgraded the exchange’s financial strength and credit ratings. …

American Family Shuts Down Some Systems to Investigate ‘Unusual Activity’

American Family Insurance shut down “several business systems” after the insurer said it “detected unusual activity in a portion of its network.” In an email to Insurance Journal, the Madison, Wisconsin-based insurer said its technology teams discovered the activity last …

American Family Insurance Confirms Staff Reductions

American Family has confirmed recent reports of layoffs, saying that it is “working to increase efficiency and manage costs” across its five insurance companies. The insurer did not provide specifics regarding the amount of employees, positions, or companies most affected …

People Moves: Yancy President of American Family Group; 16 Promotions at H.W. Kaufman

Yancy Named President of American Family Group Telisa Yancy, president of American Family Insurance Direct, has been named president of the American Family Insurance Group of companies. Yancy’s new role will begin Jan. 1, 2023. Yancy joined the organization as …

Coaching Youth Hockey Bonds Insurance Pros On & Off The Rink

Rob McGaver was a few months into coaching his son’s youth hockey team when he wanted to know a little bit more about one of the other coaches, Chad Muchow. The two fathers had hit it off right away on …

People Moves: Burns & Wilcox Names Kaufman President; Arturo Adds Tulsiani; Robinett Joins NFP

Daniel J. Kaufman will become president of wholesale broker Burns & Wilcox in January. He previously served as chief operating officer for Burns & Wilcox, the largest subsidiary of H.W. Kaufman Group. He is only the third president in the …

American Family’s Stauffacher, Yancy, Others Assume Key Leadership Posts

The American Family Insurance group has announced leaders in several new and existing key positions. Jessie Stauffacher, president and CEO of CONNECT, powered by American Family Insurance, and Telisa Yancy, chief operating officer of American Family Insurance, will be promoted …

Done Deal: Bold Penguin Is Now a Subsidiary of American Family

Madison, Wisconsin-based American Family Insurance has closed the deal on acquiring the digital exchange Bold Penguin that serves small businesses. The Bold Penguin technology is used by insurance agents, brokers and other distributors to match, quote and bind policies from …

Moment of Change: How the Insurance Industry Can Bridge the Diversity Gap, Be an Ally

The deaths of George Floyd and Breonna Taylor by white police officers last year sparked protests and examinations of racial injustice and inequities across the country. Individuals and businesses responded by vowing to better support communities of color. Experts on …

American Family Insurance to Acquire Small Business Insurtech Bold Penguin

Madison, Wisconsin-based American Family Insurance is acquiring insurtech company Bold Penguin that serves small businesses. The Bold Penguin digital exchange is used by insurance agents, brokers and other distributors to match, quote and bind policies from a range of insurers. …