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Hub Acquires Assets of Georgia-Based RFO Enterprises
Hub International Limited, a global insurance brokerage, has acquired the assets of RFO Enterprises, Inc. (RFO), based in Marietta, Ga. Terms of the acquisition were not disclosed. RFO specializes in commercial lines insurance solutions for the trucking and logistics industry. …
Risk Strategies Acquires Illinois-Based M.G. Welbel & Associates
Risk Strategies Co. has acquired M.G. Welbel & Associates (MGW), a Northbrook, Ill.-based professional liability insurance specialty broker. Terms of the deal were not made public. MGW’S focus is on lawyers and design professionals, including architects, engineers and surveyors. The …
West Virginia Supreme Court Dismisses Lawsuit by Fired Superintendent
A former West Virginia schools superintendent cannot sue the state Board of Education over its decision to fire her, the state’s Supreme Court ruled Tuesday. The court ruled in favor of the board, which appealed a circuit judge’s denial of …
Manufacturing Safety Group Gets Nearly $630K Dividend from Texas Mutual
Texas Mutual Insurance Co., a policyholder-owned company, recently awarded a dividend of $629,849 to the National Federation of Independent Businesses Manufacturing (NFIB) safety group. The dividend was earned based on the group members’ dedication to making safety a priority in …
2 Senior Bradesco Insurance Executives Killed in Brazil Plane Crash: Sources
Marco Antonio Rossi, the top executive at the insurance arm of Brazil’s second largest private lender Banco Bradesco SA, was killed in a plane crash on Tuesday, two people with knowledge of the matter told Reuters. Rossi, 54, was aboard …
Kentucky Court: Mine-Safety Laws Don’t Apply to Subcontractors
Kentucky’s mine-safety laws and regulations didn’t apply to a subcontract worker who died while installing a massive garage door on a building at a mine site in Muhlenberg County, the state’s Supreme Court ruled Oct. 29. David McCarty died when …
Zurich Insurance Plans to Replace CEO Senn: Swiss Magazine Report
Zurich Insurance Group is seeking a replacement for Chief Executive Officer Martin Senn, according to Swiss business magazine Bilanz. Switzerland’s biggest insurance company has hired the London executive search firm MWM Consulting to conduct the search, Bilanz reported Thursday on its website, without …
Storm Damage Estimated at $500K in Northeast Nevada City
Elko County officials say the city of Carlin suffered hundreds of thousands of dollars in storm damage from the high winds and snow that blew through Nevada last week. The town on Interstate 80 about 12 miles west of Elko was …
Allianz Group’s AGCS Names Fellows Head of Market Management Canada
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced that Robert J. Fellows has been named head of market management for Canada, effective January 4, 2016. Based in Toronto, he will report directly to Ulrich Kadow, chief agent for …
New TWIA Board Conforms to 3-3-3 Provisions of SB 900
The new board members of the Texas Windstorm Insurance Association must include three members who live in coastal counties, three members who live at least 100 miles from the coast, and three insurance industry representatives who write and renew windstorm …