January 2025 – Ben Few & Company, Inc.

Insurance Journal | January 31, 2025

Inszone Acquires Texas Classic

Inszone Insurance Services announced the acquisition of Texas Classic Insurance Agency, Inc. This transaction further strengthens Inszone’s foothold in Texas and enhances its capabilities in the personal lines insurance market. Founded in 1991, Texas Classic Insurance Agency has served clients …

Insurance Journal | January 31, 2025

Willis Takes Donnelly From Marsh to Head North America Risk & Broking

Willis said it has hired veteran leader Pat Donnelly as head of risk & broking (R&B) in North America. Donnelly had been president, Marsh specialty and global placement – a position he held since the middle of 2023 when he …

Insurance Journal | January 31, 2025

Norfolk Southern Says Insurance to Cover At Least $750M of Ohio Derailment Costs

Norfolk Southern’s solid fourth quarter — combined with the optimism the railroad is hearing from their customers and support they’re getting from Washington D.C. — has the CEO feeling optimistic about 2025. The railroad, based in Atlanta, earned $733 million, …

Insurance Journal | January 31, 2025

Tri-State Region Blood Center Hit With Ransomware Attack

One of the country’s largest blood donor and research centers has suffered a ransomware attack. The New York Blood Center (NYBC) said that on Sunday, January 26, it identified “suspicious activity” affecting its IT systems. Third-party cybersecurity experts investigated and …

Insurance Journal | January 30, 2025

Insurance Payouts at $4 Billion and Counting for LA Wildfires

Preliminary data show insurance companies have paid out more than $4 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes earlier this month. This week …

Insurance Journal | January 30, 2025

FAA Issues Urgent Guidance for General Aviation Pilots During New Orleans Super Bowl

The Federal Aviation Administration is issuing guidance to general aviation pilots flying near New Orleans from Feb. 6-11, 2025 to be aware of temporary flight restrictions, follow special air traffic procedures and comply with additional operational requirements that will be …

Insurance Journal | January 30, 2025

Insurtech Qumis Raises $2.2M to Automate Policy Reviews With AI

Qumis, a lawyer-built AI-driven platform designed to transform insurance knowledge work, announced the close of an oversubscribed $2.2 million pre-seed funding round. The round was led by Armory Square Ventures with participation from MTech Capital, Grand Ventures, Alumni Ventures, and …

Insurance Journal | January 30, 2025

Risk Strategies Acquires Michigan’s Comprehensive Benefits, Gabrielson Insurance

Risk Strategies announced the acquisition of Comprehensive Benefits, Inc. and Gabrielson Insurance & Financial Services, both located in the Greater Detroit area. The joint acquisition preserves an established working relationship between the two partner companies, providing increased capabilities for the …

Insurance Journal | January 30, 2025

Musk’s DOGE Effort Spurs Copycat Push in Texas With New Bills

Texas Lieutenant Governor Dan Patrick wants to follow in the footsteps of Elon Musk. The state’s powerful Republican announced on Wednesday that one of the 40 bills he was prioritizing this legislative session is called “Texas DOGE – Improving Government …

Insurance Journal | January 30, 2025

Florida-Based Brown & Brown Reports Stronger Profits for 2024

DAYTONA BEACH, Fla. (AP) — Brown & Brown Inc. (BRO) on Monday reported fourth-quarter net income of $210 million, down from 2023’s Q4 results, but year-end results for 2024 were well above 2023’s numbers. On a per-share basis, the Daytona …

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