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Trucordia buys Louisiana-based brokerage – Business Insurance

Trucordia, the brand name of PCF Insurance Services, said Tuesday it has acquired Kenner, Louisiana-based Cada Insurance. Terms were not disclosed. Cada, which places commercial and personal lines coverage, has 15 staff.It has other offices in the New Orleans area in Chalmette and Westbank and...

DCCA provides resources to prepare for severe weather

With severe weather expected to hit the islands starting Wednesday night, the Hawaii Department of Commerce and Consumer Affairs is urging people to prepare.  The department sent a news release with resources and information on how to safeguard property, ensure continued utility services, understand...

CRC hires former Lockton practice leader

CRC Insurance Services LLC Tuesday named Daniela Mills national property practice group director. Houston-based Ms. Mills joins the wholesaler from Lockton Cos. LLC, where she was a senior vice president, practice leader – general property. She joined Lockton from USI Insurance Services LLC in 2016...

$8 Million (Series A) Secured For Expanding Small Business Insurance Offerings

Rainbow, a digitally-enabled managing general underwriter (MGU) building tailored small business insurance products, announced it raised $8 million in Series A funding, led by Zigg Capital. The funding, which closed in Q4 2024, will accelerate the company’s plans to expand its specialized underwriting approach...

How AI combats business insurance fraud

Fraudulent claims are increasing yearly, driving up premiums for honest customers and placing operational and financial strain on insurance companies. Businesses must address this growing problem. However, detecting and preventing fraud is challenging without the latest tools. Fraudsters are becoming increasingly sophisticated, leveraging technologies...