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5 08, 2022

World Insurance Associates Acquires Consumers Choice Underwriters

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World Insurance Associates LLC (WIA) announced its acquisitions of Consumers Choice Underwriters Inc. of Miramar, Florida on June 1, 2022. Terms of the transaction were not disclosed. Consumers Choice writes property/casualty insurance throughout Florida including homeowners, commercial and special event …

5 08, 2022

Russia Finds New Route to Get Oil to Market Via Tiny Egyptian Port

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Russia appears to have found a new means of getting its oil to market with western sanctions looming for Moscow. A cargo of about 700,000 barrels of Russian oil was delivered to Egypt’s El Hamra oil terminal on its Mediterranean …

5 08, 2022

State Farm Alleges $2.6M Auto Insurance Fraud by New Jersey Chiropractors, Doctors

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Insurer State Farm is fighting what it says is a fraudulent medical scheme that has been exploiting New Jersey’s personal injury protection (PIP) benefits law since 2014. The insurer is seeking to recover $2.6 million in what is claims are …

5 08, 2022

Twitter Rejects Musk’s Claims That He Was Hoodwinked

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Twitter Inc. on Thursday dismissed Elon Musk’s claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was “implausible and contrary to fact.” Musk made the claims …

5 08, 2022

Union Mutual Invests in Vermont Solar Project

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Union Mutual Insurance Co. recently announced its participation in community-owned solar project under development by the Acorn Renewable Energy Co-op of Middlebury. As the sole Series A member investor, Union Mutual has provided roughly one-third of the capital to construct …

5 08, 2022

Renaissance Network Adds Frank Financial Agency of Massachusetts

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Dale A. Frank Financial has become a member of Renaissance’s network of New England-based independent agencies. Dale A. Frank Financial is an independent financial services firm in Sunderland, Mass. that offers homeowners, auto, business, and specialty coverage products. Other recent …

5 08, 2022

Insurtech Pie Insurance Partners with Bold Penguin, Talage, and Tarmika

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Pie Insurance, an insurtech company specializing in workers’ comp insurance for small businesses, announced strategic partnerships with three leading commercial insurance platforms: Bold Penguin, Talage, and Tarmika. Agents using these partners have even more flexibility to access quotes from multiple …

5 08, 2022

FEMA Adds Floyd, Pike Counties for Kentucky Flood Assistance

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Federal emergency officials have expanded the number of flood-stricken counties in eastern Kentucky that are eligible for individual assistance. The Federal Emergency Management Agency added Floyd and Pike counties to the list, Gov. Andy Beshear’s office said. The expansion was …

5 08, 2022

PCF Acquires Professional Warranty Service of Virginia

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Utah-based PCF Insurance Services (PCF) has acquired Professional Warranty Service Corp., a specialty insurance and home warranty company based in Chantilly, Virginia. Founded in 1995, PWSC provides risk management to the new home construction and property management industries. As a …

5 08, 2022

Hub Acquires Louisiana’s Bubrig

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Hub International Limited announced that it has acquired the assets of Bubrig Insurance Agency, Ltd. Terms of the transaction were not disclosed. Located in Belle Chasse, Louisiana, Bubrig Insurance Agency is an independent agency providing personal insurance solutions, including home, …