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13 01, 2021

Washington Atmospheric River Brings Threat of Floods, Landslides

By | January 13th, 2021|Uncategorized|Comments Off on Washington Atmospheric River Brings Threat of Floods, Landslides

The Pacific Northwest is bracing for flooding and landslides, while the mountains will see heavy snow and possible avalanches on Wednesday as an atmospheric river collides with Washington and Oregon. The Snoqualmie River near Carnation, Washington, is expected to produce …

13 01, 2021

Former Washington Police Chief Getting $125K Settlement

By | January 13th, 2021|Uncategorized|Comments Off on Former Washington Police Chief Getting $125K Settlement

A former Washington state police chief who was fired last year is expected to collect a $125,000 settlement. Michael Campos was fired in May as Wapato police chief with cause after an internal investigation found evidence to support allegations he …

13 01, 2021

Howden Group Invests $84M to Support Its Treaty Reinsurance MGA, Tamesis DUAL

By | January 13th, 2021|Uncategorized|Comments Off on Howden Group Invests $84M to Support Its Treaty Reinsurance MGA, Tamesis DUAL

Howden Group Holdings announced an investment of $84 million in support of Tamesis DUAL Ltd., the reinsurance division of DUAL Group, the world’s largest international MGA. This additional capacity has been in place since Jan. 1, 2021 and the capital …

13 01, 2021

Fitch: Florida Homeowners’ Insurers Performance Deterioration Continues

By | January 13th, 2021|Uncategorized|Comments Off on Fitch: Florida Homeowners’ Insurers Performance Deterioration Continues

Florida homeowners’ insurance specialists are reporting continued performance deterioration and a decline in capitalization levels, despite the most severe losses from the record 2020 hurricane season occurring outside of the Florida market, Fitch Ratings said in a recent report. According …

12 01, 2021

Arthur J. Gallagher & Co. to Acquire UK Broker The Bollington Wilson Group

By | January 12th, 2021|Uncategorized|Comments Off on Arthur J. Gallagher & Co. to Acquire UK Broker The Bollington Wilson Group

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced that it has signed an agreement to acquire 100% of specialist UK insurance broker The Bollington Wilson Group. The transaction will close following regulatory approval. Financial details of the …

12 01, 2021

UK Supreme Court to Provide Judgment on Business Interruption Appeal on Jan. 15

By | January 12th, 2021|Uncategorized|Comments Off on UK Supreme Court to Provide Judgment on Business Interruption Appeal on Jan. 15

The UK Supreme Court will on Friday hand down a judgment in a test case pitting the country’s markets regulator against insurers over how business interruption policies were dealt with during the coronavirus pandemic, it said on Tuesday. The result …

12 01, 2021

Willis Towers Watson Launches Suite of Cyber Risk Management Assessments

By | January 12th, 2021|Uncategorized|Comments Off on Willis Towers Watson Launches Suite of Cyber Risk Management Assessments

Insurance broker Willis Towers Watson has introduced two new cyber risk assessment services – the Workforce Cyber Culture Assessment (WCCA) and the Ransomware Risk Assessment (RRA) Willis Towers Watson describes the WCCA as an innovative cyber risk methodology specifically designed …

12 01, 2021

High Street Insurance Partners Acquires Maryland’s Day, Deadrick & Marshall

By | January 12th, 2021|Uncategorized|Comments Off on High Street Insurance Partners Acquires Maryland’s Day, Deadrick & Marshall

Lower-middle-market private equity firm Huron Capital’s full-service insurance brokerage platform, High Street Insurance Partners, has acquired Day, Deadrick & Marshall Inc (DDM). Beltsville, Md.-based DDM is a full service, independent agency with a focus on personal, business insurance and financial …

12 01, 2021

IAT Insurance Group Hires Buffalano as Vice President in New Jersey Office

By | January 12th, 2021|Uncategorized|Comments Off on IAT Insurance Group Hires Buffalano as Vice President in New Jersey Office

IAT Insurance Group, a provider of specialty property/casualty and surety products, has hired Joe Buffalano as vice president of Underwriting and Management Liability. Buffalano resides in New Jersey and will be based out of IAT Insurance Group’s Newark, N.J., office. …

12 01, 2021

ReSource Pro Acquires 2 Insurance Consulting Firms: Strategy Meets Action, Nolan

By | January 12th, 2021|Uncategorized|Comments Off on ReSource Pro Acquires 2 Insurance Consulting Firms: Strategy Meets Action, Nolan

Insurance operations, analytics and process services firm ReSource Pro said it has acquired two strategic advisory and management consulting firms focused on property/casualty insurance, Strategy Meets Action (SMA) and The Nolan Company (Nolan). The transactions were completed on Jan. 1, …