Media Coverage

State Farm Seeking Large Rate Increases in Wildfire-Prone California State Farm has applied for large rate increases in California, a year after the carrier got rate approvals of 7% and 20%—adding fuel to a burning homeowners crisis in a state that’s seen an increasing number of carriers pullback or raise rates in the last year.
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The Nation's Largest Independent Crop Insurance Provider Has Been Acquired Change is in the air as Silveus — the nation’s largest independent crop insurance provider — announced its acquisition by Risk Strategies, a private insurance brokerage and risk management adviser, at the end of May.
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Boston firm on CT buying spree acquires Ridgefield employee-benefits brokerage Boston-based insurance brokerage and consulting firm, Risk Strategies, has acquired an employee-benefits firm based in Ridgefield and Falmouth, Maine.
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People & Places Risk Strategies, based in Boston, appointed Marshall Heron national real estate practice leader. Heron has over 25 years of insurance brokerage experience, most recently serving as president at Insurance Group of America LLC.
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Easing Debt Markets Produce Robust Conversations on M&A As the Federal Reserve touts potential interest rate cuts in 2024, will buyers in the insurance brokerage space ramp up activity?
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RISK STRATEGIES – GOWRIE GROUP SUPPORTS US SAILING OLYMPIC TEAM WITH SIGNIFICANT CONTRIBUTION BRISTOL, RI (May 30, 2024) – With the formal completion and announcement of the 13-athlete Olympic Team that will compete in Marseille, US Sailing, the national governing body of the sport of sailing, is proud to announce a significant contribution from Risk Strategies – Gowrie Group to support the team in preparation for the Olympic Games. The generous contribution from Risk Strategies will go to support the US Sailing Team’s overall Team operations and logistics during the Games.
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Risk Strategies acquires crop insurance agency Silveus Risk Strategies has acquired Indiana-based Silveus Insurance Group, which it said is the largest independent specialty provider of crop insurance in the US.
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Risk Strategies acquires leading crop insurance broker Silveus Risk Strategies, an international specialty insurance brokerage and risk management firm, has announced its acquisition of Silveus Insurance Group (Silveus), the largest independent crop insurance broker in the United States.
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Risk Strategies buys Indiana-based crop broker Specialty broker Risk Strategies Co. said Tuesday it has acquired Silveus Insurance Group Inc., a crop broker based in Warsaw, Indiana.
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Solutions for Financing and Reimbursement of Gene Therapies Risk Strategies is a top national specialty broker who, works with clients of all sizes, and truly believes that there are no "one size fits all" solution. We look at all aspects of the business and work with clients to provide them with the best alternatives.
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Risk Strategies Acquires Indiana’s Silveus Risk Strategies announced that it has acquired Silveus Insurance Group, Inc (Silveus). The Indiana-based broker dates back to 1940 and is the country’s largest independent specialty provider of crop insurance. Terms of the deal were not provided.
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Film and TV When it comes to insuring the film and television industry, premiums that skyrocketed in 2020-21 have settled down, according to John Hamby, senior managing director, national entertainment practice leader, Risk Strategies/Dewitt Stern.
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How to Succeed in the Entertainment Insurance Business: Get creative producing with a small cast of underwriters and limited capacity. Even during the post-pandemic boom in the entertainment industry, when event and live performance venue attendance reached pre-COVID-19 levels, insurance markets in the sector could be difficult.
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What Buyers and Sellers Need to Know About Art Auction Security in the Age of Cyberattacks The recent attack targeting Christie's has buyers, sellers and other auction houses thinking about the risks inherent in digitizing auction information and infrastructure.
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BBJ Fast 50 final rankings announced The Boston Business Journal unveiled its ranked list of the 50 fastest-growing private companies in Massachusetts at its Fast 50 event on Thursday.
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Visual Arts Center of New Jersey Raises More Than $350,000 at Positive Space Gala On Saturday, April 27, the Visual Arts Center of New Jersey (VACNJ) held its annual spring gala at Canoe Brook Country Club, hosting the largest turnout in over a decade. The signature event raised over $350,000 to support the Art Center's powerful arts programming that makes it a positive space for all.
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Fastest-growing Insurance Companies in the USA | Fast Brokerages The Fast Brokerages are recognized for their ability to adapt, create new models, and refine their existing process to grow and be the fastest-growing brokerages across the United States. Nominees shared their growth figures across 2022 and 2023, with 15 companies awarded the esteemed title of Fast Brokerages.
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Risk Strategies Broker Rob Hoover Recognized as a 2024 Hospitality Power Broker That’s where Hoover fits in. In 2023, Hoover was named the exclusive broker for the Oregon Restaurant and Lodging Association. In that role, he led the development of a hospitality insurance program. Keep in mind that in recent years, operators of hospitality businesses have experienced sharp increases in property insurance, liquor liability insurance and workers’ compensation insurance rates.
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Risk Strategies Broker Blair Wunderlich Recognized as a 2024 Fine Arts Power Broker She helped the art advisor realize that if the work was damaged, creating a total loss, they could recommission the piece from the artist. That way, they could focus on insuring the sculpture’s refabrication costs, rather than its market value.
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People Moves: Risk Strategies Appoints Heron as National Real Estate Practice Leader Risk Strategies, headquartered in Boston, appointed Marshall Heron as national real estate practice leader. Heron has over 25 years of insurance brokerage experience, most recently serving as president at Insurance Group of America LLC. He previously served as senior vice president and real estate practice leader at The Liberty Company Insurance Brokers, LLC; vice president, strategic lead, commercial real estate, at Lockton Companies; and placement specialist, property, at Willis Towers Watson.
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Risk Strategies hires former IGA executive Risk Strategies Co. on Monday named Marshall Heron, a former Insurance Group of America LLC executive, as national real estate practice leader.
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We won't "languish" at Lloyd's like our competitors Novatae Risk Group (Novatae) will not repeat the mistakes of US rivals that have failed to make the most of Lloyd’s market broker buys, the wholesale broking group’s chief executive has set out.
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People Moves: Risk Strategies Names Newman Private Client Services Leader for West Region Risk Strategies named Bryan Newman private client services leader for the West region. He will manage the region’s sales and service teams and key carrier and third-party relationships.
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Experts Predict An Active Hurricane Season. Here’s How To Protect Your Finances An “extremely active” hurricane season is forecasted for 2024, according to a report released by Colorado State University’s Department of Atmospheric Science. The report predicts 23 named storms, 11 hurricanes and five major hurricanes—which include wind speeds reaching Category 3, 4 or 5— between June 1 and November 30 of this year. In comparison, the usual Atlantic hurricane season includes 14 named storms, seven hurricanes and three major hurricanes.
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Cyber Risks Spark Optimism in Cat Bond Market Record catastrophe (cat) bond volume in 2023 stemmed largely from inflation. Although that factor may be moderating, a first-time cyber cat bond early last year gave way to an unexpected rush toward year-end, indicating strong interest from Wall Street investors in a risk transfer market with significant growth potential.
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Will Trump's Reduced Bond Attract Interest from Reluctant Surety Insurers? While Trump's reduced $175 million civil fraud bond demand may improve his chances of getting a surety bond underwritten, experts say it was never about the size, but about his lack of liquid collateral.
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Risk Strategies buys Pace to bolster liability expertise US-based specialty insurance brokerage and risk management company Risk Strategies has taken over Pace Professional Services for an undisclosed sum. Specializing in professional liability offerings, Pace primarily caters to certified public accountants (CPAs) and law practices.  
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POLITICS Trump's bond is now $175 million in fraud case. Here's what the New York attorney general could do if he doesn't pay. Former President Donald Trump and other defendants in his fraud case won an appeal Monday to have their bond reduced, requiring them now to put up $175 million within 10 days to pause enforcement of a $464 million judgment against them. If Trump fails to post bond, it could leave some of his prized real estate and other assets vulnerable to seizure by the state. Trump's bond is now $175 million in fraud case. Here's what the New York attorney general could do if he doesn't pay.
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Risk Strategies Acquires North American Units of H.W. International Global specialty brokerage Risk Strategies reported that it has acquired the U.S. and Canadian operating entities of global insurance holding company, H.W. International B.V.
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Self-driving trucks crashing insurance? The road to self-driving trucks may be paved with insurance disruption, but there’s a long way ahead. That’s according to insurance broking experts, who remain skeptical that autonomous trucking will reshape transportation insurance in at least the coming decade. “It’s a way off still, I don’t know that I’ll ever see it in my career,” said Risk Strategies VP Brian Jungeberg (pictured top, left).
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Risk Strategies makes Hugh Wood acquisition Specialty broker Risk Strategies Co. Tuesday said it has acquired Hugh Wood Inc. and Hugh Wood Canada Ltd., the U.S. and Canadian operating entities of insurance holding company H.W. International B.V.
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Risk Strategies acquires NA operations of H.W. International B.V. Risk Strategies, an international specialty insurance brokerage and risk management firm, has acquired Hugh Wood Inc. (US) and Hugh Wood Canada Limited, the US and Canadian operating entities of global insurance holding company, H.W. International B.V (HWI B.V.).
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Risk Strategies acquires Hugh Wood’s US and Canadian entities US specialty insurance brokerage and risk manager Risk Strategies has announced the acquisition of the US and Canadian operating entities of insurance holding company HWI BV.  
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Lifestyles of the Rich and Risky With high-priced assets and often risky activities that pose increasing financial dangers, many high-net-worth individuals and families are underinsured—whether by inattention or design or due to a tight market for personal lines at that level of affluence, insurers say
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4 People on the Move John T. Carson is coming to Risk Strategies. The company hired him in the role of employee benefits leader for the New England region. He’ll be responsible for spearheading the regional strategy for the employee benefits business segment and driving revenue growth while fostering strong client and market relations. 
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Cyberattack affecting prescriptions reveals weakness in health care system A cyberattack that's made it harder for patients nationwide to get their prescriptions filled exposed a major vulnerability facing health care: consolidation.
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People Moves: Risk Strategies Consulting Names Piltch Risk Strategies, headquartered in Boston, named Stuart Piltch president of its Risk Strategies Consulting business segment. A 35-year consulting industry veteran, Piltch joined Risk Strategies through the 2021 acquisition of Cambridge Advisory Group, a pharmacy, actuarial and benefits consulting firm founded by Piltch in 1999. In his new role, Piltch will be responsible for the Risk Strategies Consulting business segment, including growth, strategic direction and client satisfaction.
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Trucking bankruptcies fuel 'hyper-competitive' insurance marketplace Rising insurance costs have been one of a slew of mounting pressures fueling a boom in trucking company exits. Now, insurers and managing general agents (MGAs) are experiencing a hyper competitive marketplace in some segments after freight carrier bankruptcies and layoffs deflated insurance underwriters’ aggressive growth plans.
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Risk Strategies Broker Haley Hughey Recognized as a 2024 Transportation Power Broker Aviation insurance policies are customized to offer comprehensive risk coverage for the full spectrum of aviation operations. Woodland Aviation has been working with Haley Hughey for several years to develop risk management solutions.
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Risk Strategies Broker Pam Caron Recognized as a 2024 Transportation Power Broker Having worked in the waste and recycling industry for 25 years, Pam Caron understands the vast scope of exposures facing this industry, and she structures insurance programs to cover these unique risks.
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Risk Strategies, Professional Risk Associates National specialty insurance brokerage Risk Strategies acquired Professional Risk Associates Inc. (PRA), a Virginia-based specialty healthcare insurance agency focused on medical professional liability.
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People Moves: Swanick and Hayes Join Centri; Haan Heads World Insurance HR; Carson Joins Risk Strategies Specialty insurance broker Risk Strategies, headquartered in Boston, named John T. Carson as employee benefits leader, New England region. Carson will be responsible for the regional strategy for the employee benefits business segment.
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John T. Carson Joins Risk Strategies as Employee Benefits Leader Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced that John T. Carson has joined as Employee Benefits Leader, New England Region. In this role, Carson will be responsible for the regional strategy for the Employee Benefits Business Segment focused on driving and achieving business results through revenue growth, superior client experience, people strategies, and market relationships.
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As Hard Markets Persist, Some Insureds Have Questions About Insurability In the first six months of last year, the U.S. P&C market saw $22 billion in underwriting losses, Swiss Re’s U.S. Property & Casualty outlook reports. Losses have been driven by a number of different lines, ranging from auto and property to cyber risks — and they’re driving carriers to push up rates with the hope of reestablishing profitability.
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AI in the Last Mile: What It Takes for Technology to Reduce Risk Recent advancements in technology have pushed AI into the mainstream, notably improving last-mile delivery efficiency and sustainability. 
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Business Moves: Risk Strategies, Setnor Byer Insurance & Risk Risk Strategies, a specialty insurance brokerage, has acquired Setnor, Byer, Boganoff Inc., which does business as Setnor Byer Insurance & Risk, a Fort Lauderdale-area brokerage and risk management firm.
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Ownership disputes unsettle art world Questions about the ownership of artwork and antiquities are an ongoing issue in the art world, and collectors and museums should review documentation and the ownership history of items to get ahead of potential challenges. 
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Rising Star Emily Weiss Schaffer Sees Endless Career Potential in Insurance for Young Art Fiends Many fine arts brokers come to the industry with a deep passion and knowledge of art history. For Emily Schaffer, it gives her the ability to protect what she loves as well.
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Why data science and analytics are requirements for benefits advisors A robust generative AI platform with the needed underpinnings around data and human capital enables benefit consultants to provide new and deeper answers and insights into the challenges the industry has faced as we have endeavored to both offset and manage continuously high cost of care and annual trends.
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Navigating the Hard Market in 2024 Insurance hard market price increases Hard markets, characterized by high premiums and deductibles as well as stricter terms, will continue to plague risk managers this year, with property presenting bigger challenges than casualty.
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Risk Strategies expands to Michigan with brokerage buy Risk Strategies Co. said Thursday it has acquired Southfield, Michigan-based Ralph C. Wilson Agency Inc., its first buy in the state.
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CVS wants to serve nearly all your medical needs. Retail woes could derail that plan CVS Health aims to transform into a comprehensive health care provider, but its retail struggles pose challenges to this vision. The company, known for its pharmacy chain, has expanded through acquisitions, including health insurer Aetna. Despite record revenues, CVS faces economic stress in its core retail business, with issues like labor shortages and store cleanliness.
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Merging Outside the Lines From about 2015 to 2020, there were slight peaks and valleys each year but nothing dramatic. Then came a spike. Private equity M&A dollars shot from about $50 billion in 2020 to more than $200 billion in 2021. Then the downhill ride: 2022 investments dipped to about $100 billion, and they continued downward, to about $50 billion in 2023, according to a report published in November by TPG, an asset management firm based in San Francisco.
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Protections from the Cold if ‘Proactive Scheduling’ Isn’t Feasible Utility workers barely scratch the surface for employees who work in cold environments, said Travis Bennett, associate director, national casualty loss control leader with Risk Strategies Company, headquartered in Boston. Airport baggage handlers, delivery drivers, farmers, municipal workers “and so many more who we take for granted” often must work in extreme cold.
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Risk Strategies Acquires Stone Insurance Agency BOSTON, Jan. 17, 2024 (GLOBE NEWSWIRE) — Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced that it has acquired Stone Insurance Agency, a multi-generational agency serving commercial and personal lines clients based in Guilford, Connecticut.
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Risk Strategies Acquires Hooper, Hayes & Rogan BOSTON, Jan. 09, 2024 (GLOBE NEWSWIRE) — Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced it has acquired Hooper, Hayes & Rogan, a Fort Lauderdale-based agency focused on commercial and personal lines clients.
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LATEST NEWSUnlocking the Future: Stuart Piltch’s Journey into the Realm of Artificial Intelligence In the ever-evolving realm of technology, few innovations hold as much promise and transformative power as Artificial Intelligence (AI). This revolutionary force stands tall at the forefront, reshaping industries, redefining human interaction, and fundamentally altering our perceptions of the world around us. At the heart of this dynamic landscape lies Stuart Piltch, an individual of remarkable distinction, whose diverse background spanning intelligence, healthcare, and insurance seamlessly converges within the tapestry of AI’s evolution.
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The BI Top 10: Week of Dec. 18, 2023 Risk Strategies buys New York retail agency
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Risk Strategies Acquires New York’s Robert Alan Agency National specialty insurance broker Risk Strategies reports it has acquired Robert Alan Agency, a New York-based retail insurance agency. Established in 1980 by Bob Carlucci, the Robert Alan Agency is headquartered in New City, with additional locations in Montgomery, Liberty, Salt Point and Cornwall. Its primary business focus is providing personal and commercial lines of insurance to clients throughout New York, Connecticut and Pennsylvania.
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Risk Strategies acquires retail insurance agency Robert Alan Agency Privately held brokerage company Risk Strategies has acquired New York-based full-service retail insurance agency Robert Alan Agency for an undisclosed sum. Established in 1980, Robert Alan Agency is engaged in providing personal and commercial lines of insurance to clients located in Connecticut, New York, and Pennsylvania.
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Risk Strategies buys New York retail agency RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., said Monday it has acquired Robert Alan Agency, a New City, New York-based retail insurance agency.
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Risk Strategies Acquires Robert Alan Agency BOSTON, Dec. 18, 2023 (GLOBE NEWSWIRE) — Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced it has acquired Robert Alan Agency, a New York-based full-service retail insurance agency.
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5 Strategies for Inclusive Mental Health Care A January survey of higher ed institution representatives by Risk Strategies found 89 percent of colleges and universities are prioritizing mental health coverage for students. As young people continue to report they struggle with mental health concerns, higher education leaders look for creative, accessible and inclusive ways to aid learners.
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New Names and Faces: November and December 2023 On Dec. 4, Risk Strategies appointed Lesa Blaser as private client leader, central region. In this role, she will be responsible for leading the sales and service teams within the region, as well as managing key carrier and third-party relationships. She will focus on developing growth strategies including producer recruitment, geographical expansion into new states and increasing brand awareness to further build upon the strength of the company’s private client services offerings.
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Insurance industry needs to think more broadly about risk: Risk Strategies’ Mina With the insurance market constantly changing and growing concerns around climate change, geopolitical issues and new technologies, the industry needs to think more about what could happen if there was no access to insurance, Risk Strategies’ John Mina highlighted in a recent interview with Reinsurance News.
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Industry Trends to Exploit for 2024 Artificial intelligence, or AI, and machine learning, have increasingly integrated into insurtech for risk assessment, pricing, underwriting, fraud detection and customer service. In 2024, these technologies are expected to become more sophisticated, offering more personalized and accurate insurance products. Using AI, chatbots and other interactive tools, insurtechs will likely continue improving the customer experience, making insurance more accessible and understandable.
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CB Financial joins parade of banks divesting insurance units he $8.6 billion-asset Premier Financial Corp in Defiance, Ohio, struck a deal June 30 to sell its insurance group to Risk Strategies in Boston for $32.6 million. 
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Freight, Fraud, and Theft J.D. Weisbrot, managing director of Risk Strategies’ commercial surety division, says carriers can check for fraudulent brokers by looking up the name of the company on the Federal Motor Carrier Safety Administration’s website, which has all of the registered information for the freight broker.
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Business Moves Risk Strategies acquired North Bay, an InterWest Insurance Services LLC business unit, adding specialty expertise to its Wineries Practice. With offices in Petaluma and Santa Rosa, California, the North Bay business unit purchase from InterWest includes its Wine Industry Focus Group led by wine and insurance industry veterans Mike Ryan and Sama Hershey Davis.
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From Debt to Distress: What Happens When the Cost of College Diminishes Students’ Mental Health? Financial stress can lead to larger mental health issues for students in higher education. How is this being addressed by colleges and their insurance partners?
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Business Moves Boston-based national specialty insurance broker Risk Strategies has acquired Fairmount Benefits Co., a Philadelphia-based specialty firm focused on employee benefit programs and technology for corporate employers.
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Make Sure Your Safety Policy Isn’t a Paper Tiger A strong safety culture depends on much more than adopting a workplace safety policy or ensuring Occupational Safety and Health Administration (OSHA) compliance. Developing a culture of safety requires leadership and listening—a team effort among the C-suite, supervisors, HR and front-line employees.
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What Happens if a Freight Broker Can't Pay its Motor Carrier Bills? But what happens if there’s more in carrier claims than $75,000? And what if that surety bond gets cancelled? According to the Federal Motor Carrier Safety Administration website, Elite Transit’s surety bond with Allegheny Casualty Company will be canceled as of Nov. 22. We reached out to J.D. Weisbrot, managing director of Risk Strategies’ commercial surety division, for more information on broker bonds and what a motor carrier can do in this situation.
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Risk Strategies Acquires New York’s Prince Associates National specialty broker Risk Strategies has added a Long Island commercial lines agency to its roster. Boston-based Risk Strategies announced its acquisition of Prince Associates, Inc., a multi-line retail independent insurance agency founded in 1964 and based in Hicksville, New York.
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In Art Recovery, Cash May Be the Deciding Factor Claire Marmion, an art consultant for the insurance industry and founder of the Haven Art Group, noted that both homeowners and insurance carriers offer rewards for the safe return of stolen artworks, although her experience is that rewards are “helpful in catching the perpetrators, less helpful in recovering the art.” In terms of whether or not to offer a reward, Steven Pincus, senior managing director of Risk Strategies, an insurance brokerage firm based in Boston, Massachusetts, suggested that “this should be guided by the insurance company in connection with law enforcement.” The amount of the reward generally reflects a percentage of the value of missing art but could be considerably higher if the piece has significant personal or sentimental value to its owner. The amount of insured loss is also a factor.
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People & Places

Risk Strategies, headquartered in Boston, appointed Margaret Bussiere as commercial lines leader, New York region. Bussiere brings nearly 25 years of insurance industry experience to her new role. She joined Risk Strategies through the DeWitt Stern acquisition in 2014 as a vice president.

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Risk Strategies, headquartered in Boston, appointed Margaret Bussiere as commercial lines leader, New York region. Bussiere brings nearly 25 years of insurance industry experience to her new role. She joined Risk Strategies through the DeWitt Stern acquisition in 2014 as a vice president.

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Risk Strategies appoints national property practice leader Risk Strategies Co. Inc. on Wednesday named Carl Smith national property practice leader, succeeding Peter Fallon, who is retiring at the end of this year.
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Risk Strategies Names Carl Smith National Property Practice Leader BOSTON, Nov. 01, 2023 (GLOBE NEWSWIRE) — Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced that it has named Carl Smith as its National Property Practice Leader, succeeding Peter Fallon, who is retiring at year’s end after two decades with the firm. Smith and Fallon will work together closely in the coming months to ensure a smooth transition in leadership.
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Risk Strategies Acquires Philadelphia Area’s Fairmount Benefits Boston-based national specialty insurance broker Risk Strategies announced it has acquired Fairmount Benefits Co., a Philadelphia-based specialty firm focused on employee benefit programs and technology for corporate employers.
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How is the winery insurance market performing? While certain geographies are experiencing a tightening of P&C capacity, especially in California, wineries in the region are feeling the sting more than most due to extreme weather events.
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5 People on the Move Risk Strategies has appointed Drew Carnase as chief operating officer, commercial lines. "Drew is an innovative leader with a strong history of successfully managing large teams, resolving complex challenges, and delivering new solutions that meet clients’ evolving needs,” said John Scroope, national director of retail operations, Risk Strategies.
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Around the P&C insurance industry: October 25, 2023 Risk Strategies and One80 Intermediaries announced an internal reorganization to operate under the newly introduced Accession Risk Management Group parent brand. Accession Risk Management Group will represent the family of specialty insurance distribution and risk management companies, operating under common ownership of their private equity sponsor, Kelso & Company, which currently includes Risk Strategies, a retail specialty brokerage and risk management company, and One80 Intermediaries, a specialty wholesale brokerage and program management firm.
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Risk Strategies Acquires North Bay Business Unit of InterWest Insurance Services Risk Strategies acquired North Bay, a business unit from InterWest Insurance Services LLC, adding specialty expertise to its Wineries Practice. Along with offices in Petaluma, California and Santa Rosa, California, the North Bay business unit purchase from InterWest includes its Wine Industry Focus Group led by wine and insurance industry veterans Mike Ryan and Sama Hershey Davis.
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Risk Strategies names Drew Carnase as new COO Specialty insurance brokerage, Risk Strategies, has appointed Drew Carnase as Chief Operating Officer (COO), Commercial Lines. Carnase brings nearly three decades of insurance industry experience managing commercial lines operations across the country, having joined Risk Strategies two years ago.
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Risk Strategies buys wine specialist RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., said Tuesday it has acquired wineries specialist North Bay from InterWest Insurance Services LLC.
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Risk Strategies Acquires North Bay Business Unit of InterWest Insurance Services, Expands Wineries Specialty Capabilities BOSTON, Oct. 24, 2023 — Risk Strategies, a leading national specialty insurance brokerage and risk management and consulting firm, today announced it has acquired North Bay, a business unit from InterWest Insurance Services, LLC, adding, among other capabilities, specialty expertise to its Wineries Practice.
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Risk Strategies promotes Drew Carnase to commercial lines COO RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., Monday said Drew Carnase has been promoted to chief operating officer, commercial lines. Mr. Carnase will focus on Risk Strategies’ commercial lines operations including its specialty focus, operational efficiencies, and integrating newly acquired companies, an RSC statement said. He was previously special projects leader for the broker, having joined Risk Strategies two years ago to lead the national build-out and launch of its small business commercial business unit.
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Risk Strategies And One80 Intermediaries To Reorganize Under Newly Introduced “Accession Risk Management Group” Parent Brand Risk Strategies and One80 Intermediaries have announced an internal reorganization to operate under the newly introduced Accession Risk Management Group parent brand. Accession Risk Management Group will represent the family of specialty insurance distribution and risk management companies, operating under common ownership of their private equity sponsor, Kelso & Company, which currently includes Risk Strategies, a retail specialty brokerage and risk management company, and One80 Intermediaries, a specialty wholesale brokerage and program management firm.
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Risk Strategies and One80 Intermediaries realign under ARMG brand ARMG will represent the family of specialty insurance distribution and risk management companies, operating under common ownership of their private equity sponsor, Kelso & Company. Led by John Mina as global chief executive, the ARMG family of companies will continue to provide specialised insurance solutions throughout the US and Canada. The company said that the new brand will further enable the broader enterprise to remain nimble and scale into the future with continued expansion of specialty products and services to satisfy the diverse and growing needs of the insurance and risk management market.
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Insurance Brokerage M&A: The Sky Isn't Falling, But There Are Clouds MarshBerry talks with John Vaglica, Chief M&A Officer of Accession Risk Management Group, about the rising cost of capital, high valuations and the impact on insurance brokerage M&A. 
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Risk Stategies & One80 to operate under new Accession Risk Management Group brand Risk Strategies and One80 Intermediaries have announced an internal reorganisation to operate under the newly introduced Accession Risk Management Group parent brand.
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Risk Strategies and One80 to come under new Accession Risk Management Group umbrella Risk Strategies and One80 Intermediaries will operate under the newly introduced Accession Risk Management Group parent brand, in an internal reorganisation as the Kelso & Company-backed group looks to continue to scale and expand into additional market segments and specialties.
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Risk Strategies and One80 Intermediaries to reorganize under Accession Risk brand Risk Strategies and One80 Intermediaries today announced an internal reorganization to operate under the newly introduced Accession Risk Management Group parent brand, led by John Mina as CEO.
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Risk Strategies, One80 being reorganized under new parent brand Risk Strategies Co. Inc. said Wednesday that it and One80 Intermediaries Inc., both based in Boston, will be reorganized under the newly formed Accession Risk Management Group parent brand by their common equity sponsor, Kelso & Co.
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People Moves: Risk Strategies Adds Bussiere Risk Strategies, headquartered in Boston, Mass., appointed Margaret Bussiere as commercial lines leader, New York region.

Bussiere brings nearly 25 years of insurance industry experience to her new role. She joined Risk Strategies through the DeWitt Stern acquisition in 2014 as a vice president. In 2022, she was promoted to the national fine art practice leader. Bussiere’s prior experience also includes working for Rockefeller Risk Advisors.
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Bussiere brings nearly 25 years of insurance industry experience to her new role. She joined Risk Strategies through the DeWitt Stern acquisition in 2014 as a vice president. In 2022, she was promoted to the national fine art practice leader. Bussiere’s prior experience also includes working for Rockefeller Risk Advisors.}', 4='{type=string, value=https://www.insurancejournal.com/news/east/2023/10/04/742824.htm}', 5='{type=number, value=1}', 6='{type=string, value=Insurance Journal}', 7='{type=option, value={id=9, name='2023', order=1, label='2023'}}', 8='{type=string, value=Read the article}'}
Risk Strategies Appoints Commercial Lines Leader RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., on Tuesday named Margaret Bussiere commercial lines leader, New York region.
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Questions To Ask Before Becoming A Paid Medical Expert One of the ways that physicians earn extra income is to become paid medical experts. But in many cases, doctors may not understand the time commitment that this requires, nor the exposure they face and what this might mean to their livelihoods.

“There are a number of questions that physicians should ask themselves before they commit to serving as a paid medical expert,” said Bill Gompers, CFE, vice president, Risk Strategies Company | Danna-Gracey. “Not only whether they have the time and flexibility to do it, but if they have the personality to make it work.”
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“There are a number of questions that physicians should ask themselves before they commit to serving as a paid medical expert,” said Bill Gompers, CFE, vice president, Risk Strategies Company | Danna-Gracey. “Not only whether they have the time and flexibility to do it, but if they have the personality to make it work.”}', 4='{type=string, value=https://southfloridahospitalnews.com/questions-to-ask-before-becoming-a-paid-medical-expert/}', 5='{type=number, value=1}', 6='{type=string, value=South Florida Hospital News and Healthcare Report}', 7='{type=option, value={id=9, name='2023', order=1, label='2023'}}', 8='{type=string, value=Read the article }'}
Risk Strategies makes EB acquisition Located northwest of Boston in Burlington, Massachusetts, SBENS was founded in 2008 by Cheryl Ray, Carol Renzi and Pam Frechette. The three previously worked together for almost 20 years at a number of different national brokerage and consulting firms. The agency’s sole focus is helping clients with all facets of employee benefits and plan design while proactively helping to manage healthcare risk.
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Risk Strategies Acquires Strategic Benefit Solutions Inc. Risk Strategies (Boston), a national specialty insurance brokerage and risk management firm, reports that it has acquired Strategic Benefit Solutions, Inc. (SBENS; Burlington, Mass.), a retail employee benefits insurance agency.
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What Are the Biggest Lessons from the MGM Ransomware Attack? Additionally, the cyberattack could impact the company’s credit rating. “Moody’s issued a statement that this cyber event could cause a downgrade to MGM’s credit rating, which I consider reputational harm as it could impact MGM’s ability to borrow,” Allen Blount, national cyber and technology product leader for brokerage and consulting firm Risk Strategies, shares via email.
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Lockdowns Drove New Interest in Fine Art — and Made Shipping It a Brush with Danger A full 60% of claims impacting fine art occur due to issues with shipping and handling.“There’s been massive backlogs at the ports, where containers were just sitting at the ports waiting to be boarded onto cargo ships or unloaded from cargo ships,” said Margaret Bussiere, senior vice president, National Fine Art Practice Leader with Risk Strategies.
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One80 Intermediaries president on what it takes to preserve a great culture In a recent interview with Matthew F. Power (pictured), president of One80 Intermediaries – a specialty wholesale broker and MGU comprising over 130 programs, he remarked that, “Nurturing a corporate culture parallels tending to your health, family, and friendships. Like cherished relationships, it requires attention and effort. Prioritizing a company culture ensures a positive and productive environment.”
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Risk Strategies Acquires Benefit Design Group BOSTON, Aug. 29, 2023 (GLOBE NEWSWIRE) — Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced that it has acquired Benefit Design Group LLC, a retail agency specializing in health, life and retirement solutions. Terms of the deal were not disclosed.
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Alex Buschmann Specialist in Risk Management with regard to Cannabis & Life Sciences About The Mastercard Issue This week we speak with Alex Buschmann who specializes in Risk Management with regard to Cannabis & Life Sciences. Experienced Broker with a demonstrated history of working in the insurance and risk management industry. Skilled in Risk Management, Client Relations, Property & Casualty Insurance, Public Speaking, and Leadership. Strong business professional with a Bachelor of Business Administration (B.B.A.) focused in Business Administration and Management. Focusing on the Cannabis, Life Sciences, and Alternative Medicines spaces. 
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Risk Strategies captives division appoints general counsel Specialty brokerage and risk management firm Risk Strategies has secured a well known industry name for the post of general counsel for its captives division.
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RSC buys surety bond provider RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., said Thursday it has acquired surety bond provider Mahorsky Group Inc. and its affiliated entity Brick Procurement Inc.
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Risk Strategies increases unitranche to $4.45bn with Golub Capital $700m loan Risk Strategies increases unitranche facility to $4.45 billion with long-time lending partner Golub Capital leading a $700 million delayed draw term loan, its 13th transaction with the brokerage firm.
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Business Moves National specialty insurance broker Risk Strategies has acquired Castle Rock Capacity, a property/casualty insurance broker with a specialty in the construction, real estate and development industries.
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Risks & Opportunities in Emerging Cannabis Products New cannabis products like gummies, drinks and new consumables bring the promise of exponential growth and the normalization of public consumption, promising to significantly reshape the business landscape for insuring cannabis specialists.
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Agency M&A Down 24% in First Half 2023: OPTIS Active firms that picked up the deal pace in H1 2023 versus H1 2022 are World Insurance Associates (up 112%), Risk Strategies (86% higher), and Broadstreet Partners (up 62%)
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Risk Strategies Acquires Bisnett Insurance in Oregon Bisnett Insurance offers commercial lines, personal lines and employee benefits products. The firm has operations in the Pacific Northwest including Oregon, Arizona and Idaho. Bisnett’s serves a variety of industries, including transportation and trucking, farm and ranch, construction, manufacturing, retail, hospitality, real estate, public entities and nonprofit organizations.
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Risk Strategies swoops for Illinois firm Specialty insurance brokerage and risk management firm Risk Strategies has announced the acquisition of IZALE Financial Group, an Illinois-based executive benefits and financial services advisory firm. 
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Risk Strategies, First Insurance Group Risk Strategies and Premier Financial Corp. announced that Risk Strategies has acquired Ohio-based First Insurance Group from Premier Financial Corp., a community banking and financial services holding company based in Defiance, Ohio.
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Lower Risk of Medical Malpractice Claims with Proactive Approach Every physician wants to avoid lawsuits, yet more than 1,600 medical malpractice lawsuits were filed in Florida in 2022 – more than any other state except California and Texas. But by acting proactively, there are ways that physicians can reduce their risk of going to court.
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I-95 catastrophe a lesson for commercial auto insureds to prepare for worst-case scenarios The recent tanker truck tragedy that caused a freeway collapse in Philadelphia is a sobering reminder for commercial auto insureds to review their loss-control procedures and ensure they have adequate insurance coverage, say experts at Risk Strategies.
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Risk Strategies buys Ohio-based First Insurance from Premier Financial Risk Strategies has acquired First Insurance Group from Premier Financial, a community banking and financial services holding company based in Defiance, Ohio.
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Risk Strategies boosts presence in Ohio with First Insurance acquisition Speciality insurance brokerage and risk management company Risk Strategies has strengthened its presence in Ohio, US, by acquiring First Insurance Group.
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Risk Strategies acquires Ohio-based First Insurance Group Founded in 1946, First Insurance Group is an agency that offers custom insurance placement services for property and casualty, health, life and employee benefits, as well as a variety of related services. Additional services the group offers to its clients include; HR consulting, in-house compliance expertise, safety, wellness and loss control, an online portal and mobile app and an educational webinar and seminar series.
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Risk Strategies Acquires Ohio’s First Insurance Group Risk Strategies and Premier Financial Corporation announced that Risk Strategies has acquired Ohio-based First Insurance Group from Premier Financial Corp., (Nasdaq: PFC), a community banking and financial services holding company based in Defiance, Ohio.
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Risk Strategies makes Ohio acquisition RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., and Premier Financial Corp. on Friday jointly said that Risk Strategies has acquired Ohio-based First Insurance Group from Premier Financial Corp. of Defiance, Ohio.
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Risk Strategies grows revenue 25% to $1.19bn in 2022 Boston-based insurance broker Risk Strategies grew revenue to $1.194bn in 2022, a 24.7 percent increase from the previous year, with 33 percent of the pro forma revenue growth in the year coming through organic growth and 67 percent from M&A.
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Risk Strategies grew 25% in 2022 to $1.2bn, with a $158mn acquired revenue boost Boston-based retail broker Risk Strategies grew revenues by 25% in 2022 to nearly $1.2bn from $958mn the year prior.
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Risk Strategies grows revenue 25% to $1.19bn in 2022 Boston-based insurance broker Risk Strategies grew revenue to $1.194bn in 2022, a 24.7 percent increase from the previous year, with 33 percent of the pro forma revenue growth in the year coming through organic growth and 67 percent from M&A.
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Insolvency Cost: Florida Tapping Muni Bond Market For First Time In Decades The Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million by selling municipal bonds, according to preliminary offering documents. It is the first time in three decades the agency has tapped the municipal bond market to help support insurance claims.
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FIGA Sells Muni Bonds to Keep Up with Insolvent Insurer Claims The Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million by selling municipal bonds, according to preliminary offering documents. It is the first time in three decades the agency has tapped the municipal bond market to help support insurance claims.
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Cyber liability insurance vs. data breach insurance: What's the difference? With an ever-increasing number of cybersecurity threats and attacks, companies are becoming motivated to protect their businesses and customer data both technically and financially. Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 million — more than twice the global average of $4.35 million.
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Insurance Journal News Regarding Risk Strategies Acquiring JW Surety Bonds Boston-based specialty insurance broker Risk Strategies acquired JW Surety Bonds, a large volume bond producer, along with sister companies Bryant Surety Bonds Inc. and Lance Surety Bonds Associates Inc. Headquartered in Pipersville, Pennsylvania, JW Surety Bonds was founded in 2003 and operates across all 50 states. The firm places a variety of bonds including license and permit bonds, contractor bonds, court bonds and fidelity bonds. The company specializes in freight broker, auto dealer and mortgage broker bonds.
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Challenges, Opportunities for Brokers in the Music Events Space As musicians prepare for a star-studded summer of live events, the demand for performances is huge. At the same time, entertainment carriers are adjusting their appetites and underwriting parameters. In December 2022, Risk Strategies reported that the market’s reluctance to cover event liability, combined with outsized claims and skyrocketing defense costs, “has created a hard market with increasing premiums, stringent and rigid underwriting, and reduced capacity.”
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Risk Strategies Acquires Combined Underwriters of Miami Risk Strategies, a specialty insurance brokerage with national reach, has acquired Combined Underwriters of Miami, an independent agency that offers commercial and personal insurance and benefits products in south Florida.
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Risk Strategies expands presence in Florida with acquisition of Combined Underwriters of Miami Insurance brokerage and risk management firm, Risk Strategies, has acquired Combined Underwriters of Miami – a full-service independent insurance agency that provides commercial and personal insurance products to clients in South Florida.
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Risk Strategies acquires Combined Underwriters of Miami US-based specialty insurance brokerage and risk management firm Risk Strategies has purchased Combined Underwriters of Miami for an undisclosed sum. Combined Underwriters of Miami is an independent insurance agency that offers commercial and personal insurance solutions in South Florida, US.
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Risk Strategies acquires Combined Underwriters of Miami Risk Strategies has acquired Combined Underwriters of Miami, an insurance agency that offers a variety of insurance and employee benefits to clients in South Florida.
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Risk Strategies acquires Florida insurance agency Risk Strategies has acquired Combined Underwriters of Miami, a full-service independent insurance agency providing commercial and personal insurance products to clients in South Florida.
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Risk Strategies swoops for Florida firm Risk Strategies, a national specialty insurance brokerage and risk management firm, has announced that it has acquired Florida-based Combined Underwriters of Miami. 
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2023 Market Conditions Insurance carriers remain disciplined and are looking to manage capacity, control terms and conditions, and adequately price risks. When considering where to utilize precious capital, carriers seek additional underwriting and detail and closely scrutinize risk control measures and the client’s focus and commitment to risk management.
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Overall Market Sees Greater Stability but Rates Still Up: Risk Strategies Report Cybercrime is up, properties are underinsured, and the management liability market is softening. These are a few of the predictions and results revealed in the Risk Strategies 2023 State of the Market report, which examines the trends of 2022 and provides a risk forecast for the coming year. The report digs into various markets and assesses the hurdles those lines may face in 2023.
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People Moves: Hunter Joins Lockton Re in Stamford; Risk Strategies Names Rosenzweig in New York Risk Strategies has appointed Rob Rosenzweig as its New York regional leader. Rosenzweig brings more than 15 years of insurance industry experience to his new role. He joined Boston, Massachusetts-based Risk Strategies in 2014 through the acquisition of DeWitt Stern and has held several leadership positions. Rosenzweig founded and led the company’s cyber practice and, most recently, was responsible for leading the commercial lines property/casualty operations in the New York region.
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Risk Strategies acquires International insurance Brokers Risk Strategies has acquired International insurance Brokers (IIB), an Oklahoma-based full-service retail agency. The mandate will allow Risk Strategies to build its central region presence. Established in 1979, IIB is a commercial lines brokerage firm focused on providing property and casualty and employee group benefits.
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Risk Strategies buys IIB Specialty insurance brokerage and risk management firm Risk Strategies has acquired International Insurance Brokers (IIB), a full-service retail agency based in Tulsa, Oklahoma.  
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How malpractice insurers are navigating abortion bans As healthcare providers navigate a legal minefield that puts their obligations to patients at odds with new laws restricting abortion care, medical liability insurers are devising ways to help them avoid expensive civil and criminal defenses.
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Risk Strategies acquires large volume bond producer in the US Risk Strategies, a specialty insurance brokerage and risk management and consulting firm, has acquired JW Surety Bonds, a large volume bond producer in the US, along with sister companies Bryant Surety Bonds, Inc. and Lance Surety Bond Associates, Inc. 
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Risk Strategies promotes Rosenzweig to NY regional leader Risk Strategies has appointed Rob Rosenzweig as New York regional leader, a promotion that comes nine years after he joined the broker.
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Q1 2023 M&A Transactions Lowest Since 2019 This year’s first-quarter insurance agency mergers and acquisitions were down to the lowest total since Q1 2019, according to a recent report from OPTIS Partners. The total number of transactions (158) showed a 17% drop from Q1 2022 (190) and was 7% lower than the five-year average.
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Risk Strategies to acquire JIS Risk Strategies is to acquire Johnson Insurance Services (JIS), a subsidiary of Johnson Financial Group. Upon completion of due diligence, Risk Strategies expects the transaction to close in 45 to 60 days.
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Risk Strategies to purchase assets of JIS Risk Strategies is finalizing terms of a purchase agreement under which it will purchase the assets of Johnson Insurance Services (JIS), a subsidiary of Johnson Financial Group (JFG). Following the completion of due diligence, the transaction is expected to close in 45-60 days.
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Boston firm to acquire Johnson Insurance Services Risk Strategies announced it is finalizing terms of a purchase agreement under which it will purchase the assets of Johnson Insurance Services, a subsidiary of Johnson Financial Group. Following the completion of due diligence, the transaction is expected to close in 45-60 days.
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Risk Strategies acquiring Wisconsin insurance subsidiary Boston-based Risk Strategies is acquiring Johnson Insurance Services,  the insurance subsidiary of Racine, Wis.-based Johnson Financial Group. Following the completion of due diligence, the acquisition is expected to close in 45-60 days. Founded in 1985, Johnson Insurance Services has 133 associations across Wisconsin, and is considered one of the 10 largest independent insurance agencies in the state. 
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JFG announces purchase agreement with Risk Strategies Johnson Financial Group (JFG) announced in a press release today that it is has entered into an agreement under which Risk Strategies — a Boston-based, specialty insurance brokerage and risk management consulting firm — will purchase the assets of Johnson Insurance Services (JIS), a subsidiary of JFG.   
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Boston firm to acquire Johnson Insurance Services Racine-based Johnson Financial announced Wednesday it would sell Johnson Insurance Services to Risk Strategies.
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Johnson Insurance sold to Risk Strategies, all 140 positions retained Johnson Insurance Services will become Risk Strategies under the terms of an acquisition deal announced on Wednesday, April 26, that retains all 140 employee positions. “Risk Strategies didn’t have a presence in Wisconsin until now,” said Carmen Tenuta, vice president of public relations for Johnson Financial Group. “Because of that, all employee positions will be retained and offices will remain open and operational.”
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Risk Strategies Acquires JW Surety Bonds of Pennsylvania National specialty insurance broker Risk Strategies announced its acquisition of JW Surety Bonds, a large volume bond producer, along with sister companies Bryant Surety Bonds, Inc. and Lance Surety Bonds Associates, Inc.
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Risk Strategies Acquires JW Surety Bonds Risk Strategies, a leading national specialty insurance brokerage and risk management and consulting firm, today announced its acquisition of JW Surety Bonds, the largest volume bond producer in the country, along with sister companies Bryant Surety Bonds, Inc. and Lance Surety Bonds Associates, Inc. Terms of the deal were not announced.
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M&A Deals Decline 17% in Q1 2023 U.S. and Canadian insurance agent and broker mergers and acquisitions fell to 158 in the first quarter of 2023, down 17% compared the first quarter of 2022, according to a report by OPTIS Partners LLC, the Chicago-based investment banking and financial consulting firm.
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RSC buys Pennsylvania-based surety bonds specialist RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., said Monday it has acquired JW Surety Bonds Inc. and sister companies Bryant Surety Bonds Inc. and Lance Surety Bonds Associates Inc. JW Surety specializes in freight broker, auto dealer and mortgage broker bonds and also places bonds including license and permit bonds, contractor bonds, court bonds and fidelity bonds. Headquartered in Pipersville, Pennsylvania, the broker was founded in 2003 and operates in all 50 states with almost 40,000 clients, RSC said in a statement.
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How Universities Are Working to Provide Comprehensive Care for Higher Ed Students’ Mental Health Mental health in higher education can lead to liability risk for institutions if it remains unaddressed. But there is buy-in to do more for students from all stakeholders, including insurance.
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Risk Strategies buys up employee benefits specialist Risk Strategies has acquired HollandStivers Employer Solutions, a specialist in employee benefits located in Paducah, Kentucky. The purchase of HollandStivers Employer Solutions marks the first acquisition by Risk Strategies in Kentucky. The firm brings several complimentary capabilities to the Risk Strategies National Employee Benefits Practice, including expertise in group medical, individual medical, group life and dental. HollandStivers also offers clients payroll administration and other HR services.
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Risk Strategies acquires Kentucky Employer Solutions firm Risk Strategies has acquired HollandStivers Employer Solutions (HollandStivers), a Kentucky-based employee benefits specialist. HollandStivers will bring group medical, individual medical, group life, and dental capabilities to the Risk Strategies National Employee Benefits Practice. It will also offer Risk Strategies clients' payroll administration and other HR services.
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Medical Malpractice Insurance Expert Provides Tailored Risk Protection For Physicians For the past 30 years, Jenn Negley has worked in medical malpractice insurance, currently serving as Vice President of the National Healthcare Practice at Risk Strategies, a top, national independent specialty insurance brokerage firm. Along the way, she learned every facet of the business from managing accounts to production and brings that detailed expertise to her clients in New York state. 
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Predict & Prevent™: How The Intersection of Technology and Resiliency Is Revolutionizing the Way We Manage Risk

If insurance and other entities don’t full apply the science of predicting and preventing losses, they may face unmanageable claims. John Meder, head of risk consulting and claims advocacy for Risk Strategies, tells us that what we now call “Predict & Prevent” has also been known by the phrase “strategic risk management.”

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If insurance and other entities don’t full apply the science of predicting and preventing losses, they may face unmanageable claims. John Meder, head of risk consulting and claims advocacy for Risk Strategies, tells us that what we now call “Predict & Prevent” has also been known by the phrase “strategic risk management.”

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Risk Strategies swoops for Connecticut firm National specialty insurance brokerage Risk Strategies has announced that it has acquired Connecticut-based May, Bonee & Clark Insurance (MB&C). Formed through the merger of May, Bonee & Co. and the Clark Agency, MB&C provides insurance placement, employee benefits programs, corporate retirement planning and asset management, and financial and wealth planning services.
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M&A deal roundup: Safety bracelets, prescription tech and ransomware Risk Strategies announced its acquisition of Parady Financial Group Inc., a Florida-based firm focused on financial services for retirees.
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Risk Strategies Acquires May, Bonee & Clark of Connecticut National specialty insurance broker Risk Strategies has acquired May, Bonee & Clark Insurance, a Connecticut-based business and personal insurance, employee benefits and risk management firm. The firm also offers securities and investment advisory services.
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Commercial drone users navigate web of regulations, consider specialty aviation insurance to cover losses Businesses with commercial drone operations must follow federal aviation regulations and manage liability exposures as drone applications expand, experts say.
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Risk Strategies: Casualty and ML rates moderating while poor property risks face 50%+ increases In a state of the market report, Risk Strategies has highlighted “signs of optimism” for clients as rates moderate in casualty, management liability and cyber, while property rates, particularly in Florida and California, are increasing with capacity and coverages limited.
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Risk Strategies publishes 2023 market outlook Risk Strategies has published its 2023 market outlook, which looks at conditions in business insurance, employee benefits and private client services.
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Commercial insurance price hikes to continue in most lines Commercial insurance rates will continue to rise mainly in the single and low double digits across major commercial insurance lines, with some isolated declines, according to a report Wednesday from Risk Strategies Inc.
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Boston Business Journal announces 2023 Middle Market Leaders The Boston Business Journal unveiled on Tuesday its ranked list of the 50 highest-growth middle-market companies in Massachusetts in an event at the Boston Park Plaza.
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Risk Strategies swoops for Florida firm Risk Strategies, a national insurance brokerage and risk management consulting firm, has announced the acquisition of Florida-based Parady Financial Group. The acquisition included Parady Financial Group’s affiliates, Parady Tax Solutions and Blueprint Wealth Management.
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Risk Strategies acquires Parady Financial Group Risk Strategies has acquired Parady Financial Group, a Florida-based firm focused on helping retirees achieve and maintain financial security in retirement. The acquisition included Parady Financial Group’s affiliates Parady Tax Solutions and Blueprint Wealth Management.
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As cyber attacks on health care soar, so does the cost of cyber insurance Health systems buffeted by labor and supply chain costs and broader economic woes have another unwieldy financial problem: the soaring costs of cyber insurance.
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Risk Strategies snags employee benefits exec Risk Strategies, a national specialty insurance brokerage and risk management and consulting firm, has announced the appointment of S. Stuart Spector as chief operating officer for national employee benefits and related specialty group companies.
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Risk Strategies hires new COO Risk Strategies has announced that Stuart Spector has joined as chief operating officer, national employee benefits and related specialty group companies. According to the company, Spector will work closely with John Greenbaum, national employee benefits practice leader, to lead and enhance strategic and operational efficiencies, drive growth strategies, integrate new acquisitions, recruit and retain talent, and optimize the services and solutions available to clients.
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People Moves: Liberty Mutual Names Orloff President, GRS, Middle Market; Risk Strategies Appoints a COO Risk Strategies has named S. Stuart Spector chief operating officer, national employee benefits and related specialty group companies. Spector comes to Boston, Massachusetts-based Risk Strategies with 30 years of experience in the benefits space.
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Risk Strategies buys speciality broker Bullen Insurance S-based speciality insurance broker and risk management provider Risk Strategies has purchased Bullen Insurance Group. The acquired firm is a speciality insurance intermediary engaged in providing insurance to affluent families, individuals, family offices and their businesses.
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Risk Strategies purchases Bullen Insurance Group Risk Strategies has acquired Bullen Insurance Group, a national specialist in helping high-net-worth families, individuals and their businesses protect their assets with insurance and risk management services.
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Risk Strategies Acquires Bullen Insurance Group US-based specialty insurance brokerage and risk management and consulting firm Risk Strategies has acquired Bullen Insurance Group, a national specialist in helping high-net-worth families, individuals and their businesses protect their assets with insurance and risk management services.
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Risk Strategies Acquires High-Net Worth Broker Bullen Group National specialty insurance broker Risk Strategies reports it has acquired Bullen Insurance Group, a national specialist focused on high-net-worth families, individuals and their businesses. Bullen operates five offices in New York and Florida and said it clients in all 50 states.
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Risk Strategies swoops for N.Y. firm Risk Strategies, a specialty insurance brokerage and risk management and consulting firm, has announced the acquisition of Ladmar Group, a retail employee benefit firm headquartered in Hauppauge, N.Y. 
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Risk Strategies buys Ladmar Group Risk Strategies has announced its acquisition of Ladmar Group, a retail employee benefit firm located in Hauppauge, New York.
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Danielle Chaplick Joins Risk Strategies as Managing Director Danielle Chaplick has joined Risk Strategies Consulting as managing director. Before joining Risk Strategies Consulting, Chaplick served as vice president and northeast regional director – public sector for Gallagher Benefit Services, where she managed a team of account service leads and senior consultants who worked with middle to large-market clients.
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Risk Strategies appoints new managing director Specialty insurance brokerage and risk management firm Risk Strategies has announced that Danielle Chaplick has joined as managing director.
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Risk Strategies Consulting taps managing director Specialty insurance brokerage and risk management firm Risk Strategies has announced the appointment of Danielle Chaplick as managing director for Risk Strategies Consulting.
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Risk Strategies appoints Michael Grossman Risk Strategies has appointed Michael Grossman as employee benefits leader for the US Central region. In his role he will be responsible for building a regional strategy for the employee benefits business unit, focused primarily on driving and achieving business results through revenue growth, client experience, people strategies and market relationships.
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Risk Strategies appoints employee benefits leader Specialty insurance brokerage and risk management firm Risk Strategies has appointed Michael Grossman as employee benefits leader for the Central region. He will be responsible for building a regional strategy for the employee benefits business unit focused primarily on driving business results through revenue growth, client experience, people strategies and market relationships.
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Top Wealth Adviser Hall of Fame Need a good tax accountant, estate attorney, financial planner, or insurance professional? Matthew Friedson is rated one of the very best insurance professionals in Washington. 

 

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Risk Strategies buys Tanenbaum-Harber Specialty insurance brokerage and risk management firm Risk Strategies has bought Florida-based firm Tanenbaum-Harber. Headquartered in Miramar, Florida, the firm is one of the largest independent retail agencies operating in South Florida.
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2022 Was An Up & Down Year For Agency Mergers & Acquisitions Risk Strategies was ranked one of the most active acquirers in 2022 with 23 deals.
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Risk Strategies acquires Tanenbaum-Harber of Florida Risk Strategies has revealed that it has acquired the insurance and risk management advisor Tanenbaum-Harber of Florida. Founded in 1860, the Miramar, FL-based Tanenbaum-Harber is one of the largest independent retail agencies operating in South Florida.
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Risk Strategies acquires Tanenbaum-Harber of Florida Risk Strategies has acquired Tanenbaum-Harber of Florida, a long-established insurance and risk management advisor for businesses and families. Tanenbaum-Harber is headquartered in Miramar, Florida, and is one of the largest independent retail agencies operating in South Florida. Also acquired in the deal were the assets of Tanenbaum-Harber of California, which operates from San Diego and supports businesses in the state.
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Risk Strategies Deal for Tanenbaum-Harber Agency Includes California-based Firm Risk Strategies, a national insurance brokerage, acquired Florida’s Tanenbaum-Harber, a risk management and insurance advisor. Based in Miramar, Florida, Tanenbaum-Harber traces its beginnings to 1860, the companies said in a news release. It is considered one of the largest independent property and casualty agencies in south Florida.
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Risk Strategies Buys Tanenbaum-Harber Agency in Florida Risk Strategies, a national insurance brokerage, has acquired Florida’s Tanenbaum-Harber, a risk management and insurance advisor. Based in Miramar, Florida, Tanenbaum-Harber traces its beginnings to 1860, the companies said in a news release. It is considered one of the largest independent property and casualty agencies in south Florida. The terms of the deal were not disclosed, but it also included Tanenbaum-Harber of California, headquartered in San Diego.
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Risk Strategies Acquires Insurance Advisor Tanenbaum-Harber of Florida Boston, US-based specialty insurance brokerage and risk management firm Risk Strategies has acquired insurance and risk management advisor Tanenbaum-Harber of Florida, LLC, the firm said. Tracing its roots back to 1860, Tanenbaum-Harber is headquartered in Miramar, FL and is one of the largest independent retail agencies operating in South Florida.
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RSC acquires South Florida agency Specialty brokerage RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., said Thursday it has acquired independent agent Tanenbaum-Harber of Florida LLC.
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Navigating the Cannabis D&O Insurance Market The cannabis industry is maturing rapidly. The global market was valued at $17.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 25.3% in the coming years, projected to reach a valuation of $134.4 billion by 2030.
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People Moves: Risk Strategies Names Lamond Commercial Leader Boston-based Risk Strategies has appointed Doran Lamond as commercial lines leader for the New England region. In this new role, Lamond will be responsible for building a regional strategy for the commercial property/casualty business.
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Florida insurance reforms welcomed by industry Property insurance reforms passed in Florida last month will help stabilize the state’s difficult market for insurance buyers, but more changes are needed, say insurance experts.
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6 key trends influence employee benefits in 2023 The employee benefits landscape has undergone rapid and dramatic changes in recent years. 2022 was marked by continued challenges, which influenced how businesses built their total rewards packages. Ways of working shifted, attrition climbed, employee expectations expanded, and rising health care costs drove medical plan rates higher.
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M&A weekly round-up featuring Risk Strategies M&A weekly round-up featuring recent news from Risk Strategies.
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Risk Strategies acquires Statewide Condominium Insurance National specialty insurance brokerage and risk management firm Risk Strategies has announced that it has acquired Statewide Condominium Insurance.
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Risk Strategies buys speciality broker Statewide Condominium Insurance Risk Strategies, a US-based speciality insurance brokerage and risk management firm, has announced the acquisition of Statewide Condominium Insurance for an undisclosed sum. Statewide Condominium Insurance is a specialist retail broker focused on providing risk management and insurance solutions to condominium and apartment complex risk sectors.
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Risk Strategies buys retail broker in ‘complex risks & difficult markets’ space US specialty insurance brokerage and risk management firm Risk Strategies has acquired a Florida-based “highly specialised” retail broker focused on complex risks and difficult markets sector.
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Risk Strategies M&A chief: Broker buyer field has become “narrow” The head of M&A at top-20 retailer Risk Strategies says the dramatic shift in funding conditions has led to a significant pull back in acquisitions in the sector, telling The Insurer the number of players who will be able to execute deals in 2023 “is becoming a narrow group”.
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Risk Strategies Buys Florida Condominium Insurance Agency Boston-based broker Risk Strategies announced it has acquired Statewide Condominium Insurance, a Vero Beach, Florida, retail broker focused on the condominium and apartment complex sectors.
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Risk Strategies “disrupts” consulting industry with new powerhouse Risk Strategies, a national specialty insurance brokerage and risk management firm, has taken an “important step” in elevating its business to the next level. On December 1, 2022, the firm announced the launch of Risk Strategies Consulting, a national consulting and actuarial services business.
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Risk Strategies acquires Worldwide Assurance Risk Strategies has acquired Worldwide Assurance, a health and benefits-focused retail agency. Founded in 2012 Worldwide Assurance is a specialist in helping businesses and individuals create health benefit coverage plans that meet their specific needs. The firm’s offerings range from medical and dental coverage plans to long-term care insurance, group term and variable life insurance.
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Risk Strategies Acquires Worldwide Assurance Agency in Miami Risk Strategies, national specialty insurance brokerage and risk management firm, has acquired Miami-based Worldwide Assurance Inc., a retail life, health and benefits agency. Worldwide was founded in 2012 and has grown rapidly in recent years, its president, Osvaldo Gonzalez III, said in a news release. The company offers medical and dental plans, long-term care insurance, group term and variable life insurance
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Risk Strategies buys up Worldwide Assurance Risk Strategies has acquired Worldwide Assurance, a health and benefits-focused retail agency. Founded in 2012, Worldwide Assurance specializes in helping businesses and individuals create health benefit coverage plans that meet their specific needs. The firm’s offerings range from medical and dental coverage plans to long-term care insurance, group term, and variable life insurance.
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Risk Strategies names Bussiere fine arts practice leader while Pontillo becomes product leader Boston-headquartered retail broker Risk Strategies has promoted Margaret Bussiere to national fine arts practice leader, while Mary Pontillo has become national product leader for the division.
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Risk Strategies launches US consulting business Risk Strategies, a privately held US broker, has launched a national consulting and actuarial services business. Now merged into a single unified business segment and reporting to John Greenbaum, executive vice president, Risk Strategies Consulting incorporates “expertise and offerings” from industry consulting and actuarial firms acquired over the past four years.
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Are "cat loss" policies an answer to weather insurance woes? Catastrophe loss policies that cover multiple natural perils could make life easier for insureds and adjusters in the wake of costly and destructive weather events, a claims and risk boss has mooted.
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Risk Strategies launches national consulting business Risk Strategies has launched a national consulting and actuarial services business offering consulting services for employers and insurance providers. Risk Strategies Consulting will be led by John Greenbaum, Risk Strategies’ executive vice president. It will incorporate expertise and offerings from key acquisitions of consulting and actuarial firms acquired over the past four years.
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Risk Strategies launches consulting and actuarial business Boston-based retail broker Risk Strategies has launched a national consulting and actuarial services business, Risk Strategies Consulting.
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Risk Strategies launches consulting and actuarial business Specialty insurance brokerage and risk management firm Risk Strategies has announced the launch of a national consulting and actuarial services business.
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Putting Personal Healthcare First Benefits Employers and Rates Do you know the saying "don't hate the player, hate the game"? While healthcare should not be a game, most employers and benefits teams must work within the current healthcare system; operating with insurance companies, third-party administrators (TPAs), and prescription benefit managers (PBMs) - can prove challenging. 
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Insuring Cannabis Summit 2022: Capacity, Rates, Lawsuits and More The experts were Stephanie Bozzuto, co-founder of Cannabis Connect Insurance, Beth Medvedev, division manager at James River Insurance Co., Jason Scheurle, national product lead, cannabis for Burns & Wilcox, Alex Buschmann, national cannabis practice leader at Risk Strategies.
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Risk Strategies bolsters medical presence with acquisition of Wallace Specialty Leading national specialty insurance brokerage and risk management firm, Risk Strategies, has acquired Wallace Specialty Insurance Group.
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Landlords face insurance pitfalls as buildings get smarter Cyberattacks are one of the greatest threats facing buildings as they become connected and smart, but ensuring smart buildings are insured for cyber threats is also becoming increasingly difficult, writes James McHale.
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Risk Strategies swoops for Texas agency Specialty insurance brokerage Risk Strategies has announced that it has acquired Texas-based Wallace Specialty Insurance Group. Terms of the transaction were not disclosed.
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Risk Strategies acquires Wallace Specialty Insurance Group Specialty insurance brokerage and risk management firm Risk Strategies has acquired Wallace Specialty Insurance Group. The terms of the deal were not disclosed.
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Risk Strategies gets bigger in Texas with dental deal Risk Strategies has grown its footprint in Texas with the acquisition of dental industry-focused broker Wallace Specialty Insurance Group.
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Risk Strategies buys dental-focused insurer Specialty brokerage RSC Insurance Brokerage Inc., dba as Risk Strategies Co., on Thursday said it had acquired Wallace Specialty Insurance Group.
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Insuring Cannabis Summit: Experts Answer Social Media’s Toughest Questions That question took Stephanie Bozzuto, co-founder of Cannabis Connect Insurance, down a long mental list. Bozzuto has been in the insuring cannabis business for years, so she knows many of the ups and downs and ins and outs of securing insurance for cannabis operators.
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Revealed – IBA's 5-Star Professional Liability 2022 winners The professional liability market has faced a broad swathe of challenges in recent years, but as always, there were select brokers, carriers, and MGAs who went above and beyond to deliver for their clients.
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Artwork attacks raise risk management and insurance concerns Recent protests in Europe by climate activists targeting high-value artworks are raising concerns among museums, lenders and their insurers. Museums should expect greater scrutiny of their security procedures but it is too soon to say if the attacks will drive up prices in the fine art insurance market, experts say.
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Attacks on artworks raise risk management, insurance concerns Clients that lend high-value artwork to museums are asking lots of questions, said Mary Pontillo, national fine art practice leader at Risk Strategies Co., who is based in Charlottesville, Virginia.
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Non-renewals increasingly common in cat-exposed recreational marine: Risk Strategies Retail broker Risk Strategies has said that both premiums and deductibles in the marine market are expected to increase, as underwriting requirements become more stringent and non-renewals become commonplace for risks with cat exposures – particularly in Florida, the Bahamas and the Caribbean.
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Cyber insurance market shows signs of stabilization: Risk Strategies A report by U.S-based insurance broker Risk Strategies said the cyber insurance market is beginning to stabilize after years of steep rate hikes, as the pace of cyber attacks has slowed amid stringent underwriting conditions and improved cyber market maturity and awareness, Reinsurance News reported. Despite this, insurers are expected to remain cautious and continue to limit their exposure to ransomware claims and systemic events.
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Attacks on artworks raise risk management, insurance concerns Recent protests in Europe by climate activists targeting high-value artworks are raising concerns among museums, lenders and their insurers. Museums should expect greater scrutiny of their security procedures, but it is too soon to say if the attacks will drive up prices in the fine art insurance market, experts say.
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Cyber Insurance Market Stabilizing as Security Awareness Improves The cyber insurance market is beginning to stabilize following several years of steep rate increases, according to Risk Strategies’ State of the Market 2022 Update.
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Cutbacks in capacity & price hikes to follow Ian: Risk Strategies A recent report from Risk Strategies suggests property insurance buyers with locations exposed to climate change-related events will see significant reductions in coverage capacity, as well as higher deductibles and pricing well into 2023 following Hurricane Ian, as reinsurers grow increasingly concerned about inadequate values and peril losses.
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Risk Strategies suggests cyber insurance market is beginning to stabilize According to Risk Strategies State of the Market update, the cyber insurance market is beginning to stabilise after years of steep rate increases, though insurers will continue to be on high alert through the remainder of the year and into 2023.
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Miscellaneous E&O market grows, diversifies Demand for miscellaneous professional liability coverage continues to increase as businesses add services and recognize the limits of their other insurance policies, industry experts say.
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The Art of Calculating the Cost of Risk Insurance and legislation affect how enterprises balance between protecting against breaches and recovering from them.
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Risk Strategies warns of capacity shortage at 1/1 A new State of the Market Report by specialty insurance brokerage and risk management firm, Risk Strategies, has warned clients to settle their re/insurance negotiations as early as possible, ahead of an anticipated shortage of capacity at the upcoming January renewals.
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Risk Strategies Acquires Actuarial Firm Aquarius Capital Solutions Group US-based insurance brokerage and risk management firm Risk Strategies has acquired actuarial firm Aquarius Capital Solutions Group, which has expertise in health care benefits, employee and retirement benefits, the firm said.
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Risk Strategies swoops for N.Y. agency Specialty insurance brokerage Risk Strategies has announced the acquisition of New York-based Aquarius Capital Solutions Group, an actuarial firm with expertise in healthcare benefits, employee and retirement benefits.
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Risk Strategies Acquires Actuarial Firm Aquarius Capital Specialty insurance broker Risk Strategies announced it has acquired Aquarius Capital Solutions Group, an actuarial firm focused on health care, employee and retirement benefits.
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Risk Strategies Acquires Insurance Broker Relation Education Solutions US-based specialty insurance brokerage and risk management firm Risk Strategies has acquired US-based specialty insurance broker Relation Education Solutions from Relation Insurance Services.
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Risk Strategies buys rival brokerage to sharpen focus on core offering US specialty insurance brokerage and risk management firm Risk Strategies has acquired a California-based rival brokerage in a deal that will add key capabilities to its national education practice, as it looks to sharpen focus on its core product offerings.
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Rising Star Edward Shaara Outlines What It Takes to Insure Today’s Entertainment Industry Risks Risk Strategies’ Edward Shaara shares a peek into what it takes to keep production flowing behind the scenes of major entertainment projects.
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Rate hikes predicted for most lines of coverage The property insurance market will remain tight for the rest of the year and will get even more challenging for buyers in 2023 as reinsurers increase rates at Jan. 1 renewals in the wake of losses from Hurricane Ian, brokerage Risk Strategies Co. said in a report Wednesday.
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Risk Strategies expands actuarial capabilities with acquisition Risk Strategies expands actuarial capabilities with acquisition.
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7 People on the Move Chubb names new head of North America industry practices, Risk Strategies merges student health business segment under new leadership and more in this edition of People on the Move.
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October M&A roundup: Motion control, consumer trends and gene editing Check out the nine mergers and acquisitions of tech and life sciences companies we reported on in October.
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The BI Top 10: Week of Oct. 24, 2022 Third-quarter earnings reports from major insurers and analyses from Marsh and Risk Strategies point to more rate hikes ahead.
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Risk Strategies Acquires Missouri’s Beattie & Associates Risk Strategies, a national specialty insurance brokerage and risk management firm, announced it has acquired Beattie & Associates, a retail agency in Missouri specializing in employee benefits for both individuals and employers.
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Risk Strategies snaps up Missouri-based agency Specialty insurance brokerage Risk Strategies has announced that it has acquired Missouri-based Beattie & Associates, a retail agency specializing in employee benefits for individuals and employers. 
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Risk Strategies Acquires Dickstein Associates Agency Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced it has acquired Dickstein Associates Agency, a full-service retail insurance agency.
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Risk Strategies adds Orchid’s Graham in private client services role Risk Strategies has expanded its New England region leadership team with the addition of Orchid Insurance’s Charlie Graham as senior vice president, private client services.
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Risk Strategies hires Orchid’s Graham as private client services SVP Fast-growing retail broker Risk Strategies has recruited Charlie Graham as senior vice president for its private client services division.
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Fast-growing retail broker Risk Strategies has recruited Charlie Graham as senior vice president for its private client services division. Specialty insurance broker Risk Strategies announced the expansion of its New England region leadership team with the addition of Charlie Graham as senior vice president, private client services.
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People Moves: Postulka Returns to Arbella; Graham Joins Risk Strategies Specialty insurance broker Risk Strategies announced the expansion of its New England region leadership team with the addition of Charlie Graham as senior vice president, private client services.
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Risk Strategies, Beattie & Associates Risk Strategies, a national specialty insurance brokerage and risk management firm, announced it has acquired Beattie & Associates, a retail agency in Missouri specializing in employee benefits for both individuals and employers.
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People & Places Risk Strategies, a national specialty insurance brokerage and risk management firm based in Boston, expanded its Atlantic region team with the addition of J.C. Fulse as senior vice president, private client services leader.
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Dobbs decision casts shadow on med mal The controversial U.S. Supreme Court abortion decision in June, which overturned the 50-year-old Roe vs. Wade ruling and held there is no constitutional right to an abortion in the United States, has led to a panoply of state responses that has created uncertainty for medical providers and medical malpractice insurers.
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Insurance buyers face prolonged difficult market The medical malpractice insurance market is tough for buyers and is expected to remain so for the foreseeable future. 
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Ruling’s reach may extend to frozen embryos One legal issue that may arise out of the U.S. Supreme Court’s June ruling in Dobbs vs. Jackson Women’s Health Organization is the fate of the many frozen embryos in fertility clinics.
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Tying philanthropy and sustainability into business growth Risk Strategies is an independent insurance brokerage firm with its sights set on further growth: the company has been on an acquisition spree these past few months, acquiring the likes of Sebastian Insurance, Bonds, Inc., Dickstein Associates Agency, and Beattie & Associates.
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Risk Strategies Acquires Relation Education Solutions in California Risk Strategies acquired Relation Education Solutions from Relation Insurance Services. The deal adds key capabilities to Risk Strategies’ National Education Practice.
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Risk Strategies acquires employee benefits provider Beattie & Associates Risk Strategies, a US-based speciality insurance brokerage and risk management firm, has acquired retail agency Beattie & Associates.
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Buschmann Tackling Insuring Cannabis Questions at Summit Alex Buschmann, national cannabis practice leader for Risk Strategies, is asking for insuring cannabis questions he can answer at Insurance Journal's annual Insuring Cannabis Summit on Oct. 26 and 27. 
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Risk Strategies aims to protect Big Sky’s assets Tom Beattie says he has fly fished with many of his clients—it has become a comfortable way of doing business for him. In addition to targeting 100 days on the river per year and being a 10-year resident of Big Sky, Beattie helmed an insurance and employee benefits firm for 30 years. Today, he is the newest addition to the Risk Strategies team after the Boston, Massachusetts-based firm purchased Beattie and Associates in August.
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Risk Strategies buys Relation’s education services unit Risk Strategies has bought Relation Education Solutions from California-based Relation Insurance Services, with the acquired unit providing insurance brokerage and program administration services for more than 950 colleges and universities.
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Risk Strategies buys Relation’s education insurance business Risk Strategies Co. has bought rival brokerage Relation Insurance Inc.’s education insurance division. Terms of the deal were not disclosed.
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Insurance Agency Mergers And Acquisitions YTD Hit 2nd Highest Level ere has been a total of 627 agency acquisitions so far in 2022, down from 668 over the same time period in 2021 says OPTIS Partners consulting in its latest quarterly report on mergers and acquisition activity nationally.
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Around the P&C insurance industry: October 19, 2022 The Compensation Consulting practice, part of NFP’s Executive Benefits platform, works with companies to develop tailored pay strategies and structures that help attract, retain and motivate talent.
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Risk Strategies buys Relation’s education insurance business

Risk Strategies Co. has bought rival brokerage Relation Insurance Inc.'s education insurance division.

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Risk Strategies buys Relation’s education services unit

Risk Strategies has bought Relation Education Solutions from California-based Relation Insurance Services, with the acquired unit providing insurance brokerage and program administration services for more than 950 colleges and universities.

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Risk Strategies Acquires Relation Education Solutions in California A division of California-based Relation Insurance Services, Relation Education Services offerings complement existing Risk Strategies Education Practice capabilities, including student health plans, international benefits, faculty and staff benefits, and cultural exchange health plans, while expanding the existing portfolio in areas such as student athletics, amateur sports, and recreational programs.
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Risk Strategies buys Relation’s education services unit

Risk Strategies has bought Relation Education Solutions from California-based Relation Insurance Services, with the acquired unit providing insurance brokerage and program administration services for more than 950 colleges and universities.

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Dobbs decision casts shadow on med mal The controversial U.S. Supreme Court abortion decision in June, which overturned the 50-year-old Roe vs. Wade ruling and held there is no constitutional right to an abortion in the United States, has led to a panoply of state responses that has created uncertainty for medical providers and medical malpractice insurers.
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Insurance buyers face prolonged difficult market The medical malpractice insurance market is tough for buyers and is expected to remain so for the foreseeable future. One particular cause for concern is the increase in telehealth since COVID-19, which some say is leading to more claims.
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Ruling’s reach may extend to frozen embryos One legal issue that may arise out of the U.S. Supreme Court's June ruling in Dobbs vs. Jackson Women's Health Organization is the fate of the many frozen embryos in fertility clinics.
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Professional Liability Insurance: Claims Severity Takes a Toll, but Capacity Remains

The global economy is establishing a new equilibrium after the disruption of supply chains and labor markets by the COVID-19 pandemic.

The market for professional liability insurance appears to be following a similar path. Prices are higher and supply is somewhat constrained, but capacity is substantial enough to allow for renewed growth.

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The global economy is establishing a new equilibrium after the disruption of supply chains and labor markets by the COVID-19 pandemic.

The market for professional liability insurance appears to be following a similar path. Prices are higher and supply is somewhat constrained, but capacity is substantial enough to allow for renewed growth.

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Cyber Insurance: Rate Hikes Moderate as Carriers Implement Course Corrections

In the 30 or so years since cyber insurance first appeared, the line has been unique in that it principally addresses intentional damage or loss to intangible property. The ever-evolving nature of both cyber property and the risks to it—risks created by malicious individuals probing for vulnerabilities—quickly renders underwriting and rating criteria obsolete, as old threats are thwarted and new ones emerge.

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In the 30 or so years since cyber insurance first appeared, the line has been unique in that it principally addresses intentional damage or loss to intangible property. The ever-evolving nature of both cyber property and the risks to it—risks created by malicious individuals probing for vulnerabilities—quickly renders underwriting and rating criteria obsolete, as old threats are thwarted and new ones emerge.

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Risk Strategies aims to protect Big Sky’s assets

BIG SKY – Tom Beattie says he has fly fished with many of his clients—it has become a comfortable way of doing business for him. In addition to targeting 100 days on the river per year and being a 10-year resident of Big Sky, Beattie helmed an insurance and employee benefits firm for 30 years. Today, he is the newest addition to the Risk Strategies team after the Boston, Massachusetts-based firm purchased Beattie and Associates in August.

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BIG SKY – Tom Beattie says he has fly fished with many of his clients—it has become a comfortable way of doing business for him. In addition to targeting 100 days on the river per year and being a 10-year resident of Big Sky, Beattie helmed an insurance and employee benefits firm for 30 years. Today, he is the newest addition to the Risk Strategies team after the Boston, Massachusetts-based firm purchased Beattie and Associates in August.

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Coalition urges FEMA to make changes amid rising flood insurance premiums

The Coalition for Sustainable Flood Insurance which GNO Inc. leads issued a white paper that evaluated FEMA's Risk Rating 2.0 methodology for determining premiums and affordability.

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The Coalition for Sustainable Flood Insurance which GNO Inc. leads issued a white paper that evaluated FEMA's Risk Rating 2.0 methodology for determining premiums and affordability.

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Business Moves

Specialty risk broker RB Jones announced its marine and energy division has acquired the Smart Cargo Insurance business from Boston-based managing general agent Corvus Insurance.

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Specialty risk broker RB Jones announced its marine and energy division has acquired the Smart Cargo Insurance business from Boston-based managing general agent Corvus Insurance.

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People & Places

Boost appointed Emy Donavan as chief underwriting officer. She will oversee the company's program underwriting, product development, and portfolio management in collaboration with Boost's insurtech and embedded partners along with the development and execution of Boost's reinsurance and risk capital markets strategy.

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Boost appointed Emy Donavan as chief underwriting officer. She will oversee the company's program underwriting, product development, and portfolio management in collaboration with Boost's insurtech and embedded partners along with the development and execution of Boost's reinsurance and risk capital markets strategy.

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Professional Liability Insurance

The global economy is establishing a new equilibrium after the disruption of supply chains and labor markets by the COVID-19 pandemic. The market for professional liability insurance appears to be following a similar path. Prices are higher and supply is somewhat constrained, but capacity is substantial enough to allow for renewed growth.

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The global economy is establishing a new equilibrium after the disruption of supply chains and labor markets by the COVID-19 pandemic. The market for professional liability insurance appears to be following a similar path. Prices are higher and supply is somewhat constrained, but capacity is substantial enough to allow for renewed growth.

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People Moves: Postulka Returns to Arbella; Graham Joins Risk Strategies

Specialty insurance broker Risk Strategies announced the expansion of its New England region leadership team with the addition of Charlie Graham as senior vice president, private client services.

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Specialty insurance broker Risk Strategies announced the expansion of its New England region leadership team with the addition of Charlie Graham as senior vice president, private client services.

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