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17 12, 2020

New Everest Architects & Engineers Policy Offers PL, Pollution, Cyber Coverage

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Everest Insurance has released a new architects and engineers professional liability policy to provide design professionals with professional, pollution and cyber liability coverage. Everest Elevation was developed to address the coverage needs of architectural, design, engineering and construction firms, and …

17 12, 2020

Cyber Insurers Scale Back as Ransomware Attacks Rise

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Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a leading insurer showed. The total costs …

17 12, 2020

SCA Appraisal in California Promotes Bewley, Napier

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Burbank, Calif.-based SCA Appraisal has named Mark Bewley assistant vice president of field operations. SCA Appraisal has also named Nick Napier vice president of operations. Bewley will be responsible for SCA’s national field appraisal operations across insurance carriers, third-party administrators, …

17 12, 2020

Cannabis Broker Spotlight: Balian with Wood Gutmann Focuses on the Long-Term

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Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …

17 12, 2020

Tyson Fires 7 Managers at Iowa Plant Over Betting on COVID-19 Cases

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Tyson Foods Inc. said on Wednesday it had fired seven managers at an Iowa pork plant after investigating allegations that they took bets on how many employees would catch COVID-19. The independent investigation, led by former U.S. Attorney General Eric …

17 12, 2020

North Carolina Labor Chief Faces Backlash Over Response to New COVID Rules

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North Carolina worker and civil rights advocates are unhappy with the outgoing state labor commissioner’s refusal to put more regulations upon employers they say will protect employees from COVID-19. Representatives of the groups that petitioned Commissioner Cherie Berry unsuccessfully this …

17 12, 2020

Citizens to Delay Rate Increases, For Now

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Citing a flood of new policies entering Citizens Property Insurance Corp. and a growing disparity between its rates and rising rates of private insurance companies, the board of Florida’s insurer of last resort voted unanimously to postpone final action on …

17 12, 2020

Japan Post’s Insurance Unit Plans $2.9 Billion Buyback of Shares from Parent

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Japan Post Holdings Co.’s insurance unit plans to buy back about 300 billion yen ($2.9 billion) of shares from its parent, giving the insurer more freedom to expand its business, according to people with knowledge of the matter. The holding …

17 12, 2020

Marshall & Sterling Insurance to Acquire New York’s Jaeger & Flynn Associates

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Marshall & Sterling Insurance, a 100% employee-owned company, has entered into an agreement to acquire Jaeger & Flynn Associates Inc. (JFA), an employee benefits broker and third-party administrative services (TPA) provider in New York’s greater capital region. This acquisition will …

17 12, 2020

The Hilb Group Acquires New York’s Moran, Moran, & Dauphin Inc.

By | December 17th, 2020|Uncategorized|Comments Off on The Hilb Group Acquires New York’s Moran, Moran, & Dauphin Inc.

The Hilb Group LLC (THG) has acquired New York-based Moran, Moran, & Dauphin Inc. (MMDI). The transaction became effective on November 1, 2020. Founded in 2006, MMDI operates as a full-service agency primarily providing property/casualty insurance products mostly for personal …