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New York Life, America’ s largest 1 mutual life insurer, today announced that the company’ s Board of Directors has elected Chief Executive Officer and President Craig DeSanto as the next Chair of the Board, effective April 15, 2023. Thomas Schievelbein, New York Life’ s independent Lead Director, said,“ Ted oversaw a seamless transition to Craig as CEO and Chair and we…

–Heritage Insurance Holdings, Inc., a super-regional property and casualty insurance holding company, announced today that its Board of Directors authorized a new share repurchase plan of $10.0 million commencing upon the December 31, 2022 expiration of the prior $25.0 million share repurchase program. Heritage Insurance Holdings, Inc. is a…

–World Insurance Associates LLC, a Top 50 Insurance Brokerage, announced today that it acquired the business of K. Bell and Associates, Inc. of Cold Spring Harbor, NY on January 1, 2023. K. Bell and Associates was founded in 2005 and provides personal and commercial casualty insurance products.“ Our agency believes in providing the best products and services to our…

–Parametric flood insurance company FloodFlash, the first insurance provider to pay catastrophic flood claims as fast as four hours, announced today they have entered the U.S. insurance market. In addition, in the wake of Hurricanes Ian and Nicole, traditional insurers are hesitant to reinsure, leaving businesses without many options and contributing to the…

The Hartford, for the fifth straight year, was named to the 2023 JUST 100 list by JUST Capital and CNBC. Overall, The Hartford ranked No. 32 for its commitment to serving employees, customers, communities, the environment, and shareholders. “We are proud to be honored for a fifth consecutive time on America’ s Most‘ JUST’ Companies list,” said Claire Burns, chief marketing…

Kin, the direct-to-consumer home insurance company built for every new normal ®, today announced its expansion into South Carolina. The impacted population will likely increase in the coming years, as South Carolina was the third fastest-growing state in 2022.. “We can’ t change the weather in South Carolina, but we can save people substantial time, stress, and…

–M Split Corp. declares its monthly distribution of $0.03125 per share for Class I Preferred shareholders. Distributions are payable February 10, 2023 to shareholders on record as at January 31, 2023. M Split invests in common shares of Manulife Financial Corporation, the largest life insurer in Canada offering financial products and wealth management…

–Evertree Insurance, an omni-channel property and casualty insurance distribution platform is pleased to announce the acquisition of Provision Insurance Group, a Michigan- based independent insurance brokerage firm. "Britton Steele has done a tremendous job building a first-class organization, with a particularly strong track record in acquiring and…

According to Atlas EV Hub, a national data firm that tracks EV sales, Oregon was No. 2 in the nation in 2021, behind California, for the share of new vehicles sold that are electric. Oregon is currently tied for the No. 2 spot in 2022 with Hawaii and Washington. A resident could have purchased their EV in another state and registered it in Oregon.

–Charles River Data, a consulting firm offering bespoke data science solutions to help clients solve critical business problems, announced today that it has closed on its seed funding round led by Trevor Burgess. "I've known founder and CEO Michael Dezube since well before his time leading data science and machine learning teams at Google.

Earning a luminary rating in Celent’ s bi-annual evaluation of new business and underwriting solutions outside of North America, EXL’ s Life Digital Suite excels on both advanced technology and breadth of functionality, according to the report.. Focused on new business and underwriting systems currently offered in Europe, the Middle East, and Africa, Latin…

Of the states with at least $100 million of direct premiums written in flood insurance, California has the largest share of premium written by the private market, at 41%, compared with 24% nationally. At the same time, just 2% of California residents have purchased flood insurance, and the state’ s NFIP policies represent just 4% of the NFIP’ s total policies despite…

Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc., today announced it has launched a reinsurance MGU, Xchange Re Underwriting Agency, LLC. Xchange Re has signed a reinsurance underwriting management agreement with United States Fire Insurance Company, which operates under the registered trademark of Crum& Forster and…

When Hurricane Laura made landfall in the small town of Cameron on Louisiana's southwestern coast on August 27, 2020, there was little that its 150 mph winds left untouched. "It hit exactly where our system is," Michael Heinen, general manager of Jefferson Davis Electric Co-op, said of Laura. A tent city was built at Chennault airport in Lake Charles, housing 800…

The Department of Health and Human Services on Friday reported significant gains in health insurance coverage across numerous demographics in 2021, two days before the enrollment deadline for ObamaCare. The report issued by the HHS Office of the Assistant Secretary for Planning and Evaluation found that the national rate of uninsured people under the…

Clint Oliver has joined Alliant Insurance Services as Senior Vice President, increasing the strength of its team in the Sacramento, California region. “Clint combines extensive regional expertise with a keen technical insight that provides extensive value to his clients,” said Bob Bennetsen, Executive Vice President and Senior Managing Director with…

Editor's note: This story is part of Care in Crisis, an investigative series that observes the current state of the nursing home system in the West. The project focuses on four states that have struggled more than most with staffing shortages, high turnover rates and other obstacles: Montana, Oklahoma, Texas and Nebraska. Lee Enterprises' Public Service…