February 16, 2024
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. …
October 23, 2023
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 …
October 13, 2023
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 …
November 16, 2022
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 …
April 19, 2022
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 …
December 3, 2021
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 …
April 1, 2021
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 …
February 16, 2021
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 …
January 15, 2021
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 …
January 14, 2021
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. …