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Everest Group appoints Williamson acting CEO as Andrade departs – Insurance Insider US

... business insurance division. The executive has also worked at Ace and Bain and Company. “The board of directors has great confidence in Jim and is ... Source link

2024 Composite Personal Lines Rates Up 5.8%; Commercial Rates Up 3.8%

According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased about 5.8% in 2024 — the highest yearly jump in a dozen years. For the last quarter of 2024, the composite rate...

North Carolina Supreme Court Backs COVID-19 Business Claims

On December 13, the North Carolina Supreme Court gave policyholders a partial victory in long-running litigation over business interruption coverage for shutdowns during the COVID-19 pandemic. In North State Deli v. Cincinnati Insurance Co., the court unanimously agreed with the plaintiff restaurants and bars...

Advisory M&A News – 1/4/25

Indivisible Partners Launches as Independent Advisory Firm...

State Insurance USA announces new Fifth Avenue offices

State Insurance USA will begin operations Jan. 6 at its new office at 400 Fifth Ave. S., Suite 101, in downtown Naples. The company offers insurance products, including personal insurance (home, auto, flood, boat) and business insurance (general liability, workers’ compensation). In addition...

Marsh McLennan acquires Long Island insurance agency

Listen to this article White Plains-based Marsh McLennan Agency (MMA), has acquired Melville-based Acumen Solutions Group. Terms of the transaction were not disclosed. All Acumen employees, including President Tony D’Elia, will join MMA, and continue to operate in Melville. A business of Marsh, MMA is...