Inc News

USI Insurance Services to Acquire Findley of Tennessee

USI Insurance Services has entered into a definitive agreement to acquire Nashville, Tenn.-based Findley, Inc. Subject to customary closing conditions, including regulatory approvals, the transaction is expected to close in November 2020. Founded in 1969, Findley is an independent human …

Iowa’s BrokerTech Ventures Adds 5 New Agency Partners, Names Hatten as COO

BrokerTech Ventures (BTV), the Des Moines, Iowa-based broker-led investor group and accelerator program, has added five new investor partners/sponsors, including Heffernan Insurance Brokers Inc., The Horton Group, Inc., IMA Financial Group, MJ Insurance and Woodruff Sawyer. BTV also has appointed …

AmWINS Group to Acquire LISI and CoPower in California

AmWINS Group Inc. has signed a definitive agreement to acquire LISI Inc. and CoPower, Inc. Terms of the deal were not disclosed. The transaction is expected to close later this month, pending regulatory approval and customary closing conditions. LISI Inc. …

Fifth Circuit: State, Not Maritime, Law Applies in Well Services Injury Case

The Fifth Circuit Court of Appeals in New Orleans has reversed the previous findings of its own panel and a lower court, ruling that state, not maritime, law applies in a case involving a worker injury at an oil and …

Cargill Accountant in New York Sentenced to Five Years for $3.1M Theft

An accountant who admitted to stealing $3.1 million from agribusiness giant Cargill, Inc. has been sentenced to five years in prison. Diane Backis was sentenced Tuesday in federal court in Albany to mail fraud and filing a false income tax …

Credit Ratings of Michigan’s Great Lakes Casualty Insurance Co. Withdrawn

A.M. Best has withdrawn the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+”, each with a stable outlook, of Great Lakes Casualty Insurance Co. (Great Lakes) in Grand Rapids, Michigan. The rating withdrawals reflect …

BTIS Announces Launch of New Direct Bill Option for Victory Contractor General Liability

Rocklin, CA, January 13, 2017- Builders & Tradesmen’s Insurance Services, Inc. (BTIS) is pleased to announce the launch of BTIS DirectPay, the direct bill option for Victory Contractor General Liability. “We’ve been committed to helping our producers serve the small …

American Specialty Insurance & Risk Services, Inc. Announces January 1st Workers Compensation Program Launch

Fort Wayne, IN, January 4, 2017 – American Specialty, a recognized leader in Sports, Recreation, and Entertainment insurance, is proud to announce its new Workers Compensation program through Arch Insurance Company (A+ XV financial strength). Effective January 1, 2017 American …

Wal-Mart to Pay $75K to Settle Illinois Disability Discrimination Lawsuit

Wal-Mart Stores Inc. will pay a former employee $75,000 to settle a federal disability discrimination lawsuit filed over the company’s alleged actions in regard to an employee at a store Hodgkins, Ill. The lawsuit filed by the U.S. Equal Employment …

Arrowhead Opens Its Architects and Engineers Liability Program to All Retail Producers

San Diego, CA, November 16, 2016- Arrowhead General Insurance Agency, Inc. (Arrowhead), one of the largest program administrators in the country, announced this week that its Architects & Engineers (A&E) Professional Liability Insurance Program is now available on an open-market …