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4 Killed in Wrong-Way Crash on Southern California Freeway
Four people were killed early Sunday in a wrong-way collision involving several vehicles on a freeway east of Los Angeles, authorities said. The crash occurred around 2:30 a.m. in southbound lanes of State Route 71 in Chino Hills after several …
POSTED MARCH 20, 2023 11:22 PM |
Cannasure Quickly Moving New and Renewal Business from Topa in California
It appears one of the nation’s better known cannabis insurance specialists is having to do some scrambling after AM Best announced it was downgrading the credit ratings of Topa Insurance Co. in Calabasas, California, and its subsidiary, Dorchester Insurance Company …
POSTED MARCH 20, 2023 11:11 PM |
People Moves: Tokio Marine Boosts UK Trade Credit Division With Underwriting Hires From Atradius, Coface; BHSI Promotes Ruddlesdin to Head of PI & Cyber in London
This edition of International People Moves details appointments at Tokio Marine and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Tokio Marine Hires Underwriters from Atradius, Coface for UK Trade Credit Tokio Marine HCC International …
POSTED MARCH 20, 2023 4:49 PM |
Homeowners of America Applies for Texas Reciprocal Exchange
Porch Group, Inc. announced that its insurance business, Homeowners of America (“HOA”), has filed an application to form and license a Texas reciprocal insurance exchange (a “Reciprocal”) with the Texas Department of Insurance (TDI). If approved and fully implemented by …
POSTED MARCH 20, 2023 4:47 PM |
AM Best Downgrades Credit Ratings of Topa in California
AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+ (Good) from “a-” (Excellent) of Topa Insurance Co. in Calabasas, California, and its subsidiary, Dorchester Insurance Company Ltd. …
POSTED MARCH 20, 2023 4:40 PM |
Moseley Law Firm, Mitchell Adjusting Under More Legal Troubles
A judge in Louisiana and a prosecutor in Texas have taken action to block two separate insurance fraud schemes: One by a law firm whose lawyers admitted filing claims on behalf of homeowners it did not represent and another by …
POSTED MARCH 20, 2023 4:29 PM |
Arthur J. Gallagher & Co. Acquires Indiana’s SBP
Arthur J. Gallagher & Co. today announced the acquisition of Fort Wayne, Indiana-based Stewart, Brimner, Peters & Company, Inc. (SBP). Terms of the transaction were not disclosed. SBP is a retail insurance broker offering a variety of commercial and personal …
POSTED MARCH 20, 2023 4:25 PM |
Reliance Acquires Assets of Truck Team Insurance in Utah
Reliance Partners acquired the assets of Truck Team Insurance in Salt Lake City, Utah. Truck Team Insurance Owner Brent Tate will also join Reliance Partners’ team as vice president of sales. He has more than 20 years of commercial insurance …
POSTED MARCH 20, 2023 2:47 PM |
NSM Insurance Adds 3 Medical Stop Loss, Managed Care Specialty Firms
Pennsylvania-based insurance program specialist NSM Insurance Group has completed its acquisition of three businesses that specialize in the field of medical stop loss insurance and managed care insurance. The firms are Sequoia Reinsurance Services in Minnesota, and IOA Re’s two …
POSTED MARCH 20, 2023 2:26 PM |
‘Climate Time Bomb Ticking’, Warns UN Chief, Urging Faster Cuts to Emissions
U.N. Secretary General Antonio Guterres warned that the “climate time bomb is ticking” as he urged rich nations on Monday to slash emissions sooner after a new assessment from scientists said there was little time to lose in tackling climate …
POSTED MARCH 20, 2023 2:23 PM |
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