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KBRA | December 30, 2021

Kroll Bond Rating Agency (KBRA) assigns an Insurance Financial Strength Rating of BBB+ with a Stable Outlook to Tower Hill Insurance Exchange (THIE). THIE was formed as a Florida reciprocal exchange and will begin writing residential property insurance in Florida within its first year of operation and continue to expand in the Florida market over the subsequent two years. The rating reflects its sound initial capitalization, conservative investment portfolio, and reasonable busine...

Constellation Affiliated Partners, RedBird Capital Partners, Coastal Insurance Underwriters | December 29, 2020

Constellation Affiliated Partners (Constellation) today announced the acquisition of Coastal Insurance Underwriters (Coastal) and Cybercom. Financial terms of the transaction were not disclosed. Through the acquisition of Coastal and Cybercom, Constellation will continue to expand its product offerings to the Condominium Association and Homeowner’s Association marketplace. “These new business classes complement many of our existing programs and will provide increased product a...

Crawford & Company | March 23, 2020

Crawford & Company has expanded its decontamination service to clean sites in the US that have been exposed to COVID-19, to be provided through its Crawford Contractor Connection division. The decontamination service offers organizations access to more than 700 licensed and insured biohazard contractors across America. Once organizations notify Crawford Contractor Connection, contractors can respond to requests within one hour. Crawford Contractor Connection’s 24/7 call center serves c...

State Farm | February 11, 2020

State Farm has donated $30 million to Arizona State University (ASU) to help fund the university’s new career development program, “Pathways for the Future.” The “Pathways for the Future” program offers financial aid to Maricopa County Community College and ASU students who want to enroll in online ASU courses. In addition to university students, the program is also open to local high school students, as well as career professionals looking to compete for new and ev...