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News – Insurance Journal
reThought in Colorado Raises $15.5M in Series A Funds
Broomfield, Colo.–based managing general agent reThought Insurance announced the completion of a $15.5 million Series A investment round that will help fund its growth in the flood insurance market. Led by Telstra Ventures, the fundraising also includes participation from Hudson …
POSTED AUGUST 04, 2021 9:36 PM |
California Workers’ Comp Written Premium Down 13%, Report Shows
California workers’ compensation written premium for the first quarter of 2021 was 13% below that for the first quarter of 2020, according to a quarterly experience report issued on Wednesday by the Workers’ Compensation Insurance Rating Bureau of California. The …
POSTED AUGUST 04, 2021 6:13 PM |
Investors Complete Acquisition of Specialty Insurer ProSight Under Plan to Go Private
Investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital Management said they have completed the acquisition of ProSight Global, Inc., a New Jersey-based domestic specialty insurance holding company. As announced in January, the two firms agreed …
POSTED AUGUST 04, 2021 4:06 PM |
IMA Financial Acquires Diversified Insurance Group in Utah
IMA Financial Group has acquired Salt Lake City, Utah-based Diversified Insurance Group. Terms of the deal were not disclosed. Diversified will retain its name as a division of IMA Inc. Its CEO, Spence Hoole, will remain president of Diversified’s 70-plus …
POSTED AUGUST 04, 2021 3:59 PM |
MJ Insurance Acquires ProCourse Fiduciary Advisors in Indiana
Indianapolis-based risk management and employee benefits agency, MJ Insurance, acquired ProCourse Fiduciary Advisors (ProCourse) in Carmel, Indiana. MJ said the partnership enables the firms to offer a holistic approach to wellness and include retirement plan advisory services. The transaction closed …
POSTED AUGUST 04, 2021 3:47 PM |
Texas Awards $13.6M in Grants to Fight Motor Vehicle Crime
Communities across Texas are sharing $13.6 million in grant funding aimed at reducing and preventing motor vehicle crime in the state. The Texas Motor Vehicle Crime Prevention Authority (MVCPA) grants provide support for motor vehicle theft and fraud-related motor vehicle …
POSTED AUGUST 04, 2021 3:43 PM |
Louisiana Doctor Pleads Guilty to Workers’ Comp Fraud, Conspiracy
A Lake Charles, Louisiana, orthopedic surgeon pleaded guilty to workers’ compensation fraud conspiracy, the U.S. Justice Department reported. Robert Dale Bernauer Sr., 74, pleaded guilty to one count of conspiracy to commit mail fraud, wire fraud, health care fraud, fraud …
POSTED AUGUST 04, 2021 3:41 PM |
Sigo Seguros Launches Spanish-First Auto Insurance Product in Texas
Sigo Seguros, an auto insurance provider serving the Spanish-speaking community, launched its own auto insurance product in Texas that it says is transparent, affordable and natively available in Spanish and English. By removing biased rate factors like credit score, employment …
POSTED AUGUST 04, 2021 3:34 PM |
California Landscaper Arraigned for Alleged Workers’ Comp Fraud
Frank Simplicio, 45, of Porter Ranch, Calif., was arraigned on multiple felony counts of insurance fraud and perjury. A California Department of Insurance investigation revealed Simplicio allegedly claimed to be too injured to work in order to collect over $50,000 …
POSTED AUGUST 04, 2021 3:08 PM |
Colorado Governor Planning Disaster Declaration After Mudslides
Colorado Gov. Jared Polis said this week he was planning to issue a state disaster declaration and it could be “a few days to a few weeks” before a canyon in the western part of the state can be reopened …
POSTED AUGUST 04, 2021 3:04 PM |
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