Oklahoma City-based Insurance Risk Partners (IRP) has entered into a partnership with BRP Group Inc. to become part of their BKS-Partners operating group. IRP was formed in 2016 by industry veterans Paul and David Brown, and Patrick Truhlar, who have …
A tractor-trailer hauling toilet paper crashed and caught fire near Dallas early Wednesday, spilling the hot commodity all over an interstate. The fire shut down westbound lanes of Interstate 20 near Interstate 45 in Hutchins, the Texas Department of Transportation …
Florida Governor Ron DeSantis issued a statewide executive order Wednesday requiring all citizens in the state to stay at home except for those doing essential business or activities. The move comes as the state has more than 8,000 cases of …
A bill shifting renewal of commercial driver’s licenses (CDLs) from offices of the Dept. of Motor Vehicles to local tag agencies passed the Oklahoma House of Representatives this afternoon. House Bill 1966 was authored by Rep. Dell Kerbs (R-Shawnee). Kerbs, …
Millennium Physicians Association PLLC has paid the United States $1,248,964 to resolve claims that they improperly billed the Medicare program for sleep studies, the U.S. Attorney’s Office for the Southern District of Texas reported. “Providers must adhere to the Medicare …
AM Best has downgraded the Financial Strength Rating (FSR) to B- (Fair) from B (Fair) and the Long-Term ICR to “bb-” from “bb” of Echelon Property & Casualty Insurance Co., based in Chicago. AM Best also downgraded the Long-Term Issuer …
Madison, Wisconsin-based Rural Mutual Insurance Co. is now offering water damage protection, through its limited water endorsement. The company said this new endorsement will be added to new and renewal homeowner policies, if they qualify. According to Rural Mutual, its …
State Farm is getting out of the banking business. The property/casualty insurer said it has formed a strategic alliance with U.S. Bank, allowing it to assume State Farm Bank’s existing deposit and credit card accounts. As part of the deal, …
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 …
Net underwriting income for the U.S. property/casualty insurance industry in 2019 grew by $4.9 million from 2018, A.M. Best said in a new report. Underwriting income hit $4.1 billion in 2019, from a loss of $800 million in 2018, even …