New York-based AmTrust Financial Services announced that it has entered into an agreement, pending regulatory approval, to acquire Sequoia Insurance Company and its subsidiaries, Sequoia Indemnity Company and Personal Express Insurance Company (“Sequoia”) for approximately $60 million. Sequoia offers a …
Beazley has expanded its environmental products offering with the launch of an Environmental Cleanup Costs insurance policy that provides coverage for cost overruns for remediation of known conditions at covered locations. The product, written on a non-admitted basis through Beazley’s …
The Insurance Institute for Highway Safety is planning a $30 million expansion at its Ruckersville campus. The project will enable IIHS to undertake more rigorous scientific evaluations of crash avoidance systems than the current facility allows. The project includes enlarging …
ACORD, the nonprofit global data standards organization for the insurance industry, and DISA, the organization for development of healthcare and cross-industry e-commerce business interchange standards, said that the two organizations will consolidate under the ACORD banner. “This merger allows us …
Zap Consulting, a national provider of electronics, appliance and equipment assessments for claim professionals, has moved to a new location. The new address is 10844 Providence Road, Suite 225, Charlotte, NC 28277. Telephone numbers and email addresses have remained the …
The CPCU Society has launched a new website and logo. The new website can be viewed online at www.cpcusociety.org. A few months ago, the CPCU Society distributed a website satisfaction survey to chapter leaders, Society members, and corporate stakeholders. The …
Braemar Adjusting has opened a dedicated loss adjusting operation based in Dubai. Effective April 1, 2013, Chris Eades, regional director for the Middle East, and senior adjuster Sam Foster, will start working from the Dubai World Trade Centre Building offices …
CARSTAR, a national multi-shop operator network (MSO), is expanding in Washington with the opening of Complete Collision CARSTAR, located at 34627 16th Avenue South in Federal Way, Wash. It is the third location for owner Jeff Middleton, who also owns …
Liberty Mutual Insurance announced it is planning to retire its regional brands in 2013 to focus on the more recognizable Liberty Mutual brand. “We’re retiring the brand names of our eight commercial lines regional companies that sell exclusively through independent …
AIG announced that it has entered into a reinsurance transaction with Compass Re Ltd., which will provide $400 million of peak-zone protection against U.S. hurricanes and earthquakes. To fund its potential obligations to AIG, Compass Re Ltd. issued a $400 …