insurethebox calls Insurance Premium Tax illogical amid HMRC review

GlobeNewswire | August 27, 2020

Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced that it has acquired Ohio-based, McCamon Hunt Insurance Agency Inc. Terms of the deal were not disclosed. Located in Boardman, Ohio, just south of Youngstown, McCamon Hunt adds to Risk Strategies’ existing footprint and stable of expert talent in the state. Founded in 1996 through a merger, the firm traces its roots to 1939 and boasts outstanding client retention with some remaining for more than 20 years. The current business and insurance market environment underscores the need for expert consultation in risk and liability management,” said John Mina, Risk Strategies’ CEO. “We saw in McCamon Hunt an opportunity to partner with a team that has built outstanding success upon its skills and the trust it has engendered in its clients.” An all lines agency with offerings spanning group health, commercial package, life insurance and personal lines, McCamon Hunt’s client base is deeply loyal with many top accounts relying on the firm for multiple key product lines. Business segments the agency counts among its clients span from contractors and distributors to real estate and engineering firms.

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BLM | July 21, 2020

As the battle against insurance fraud rages on, insurance law firm BLM believes it may have a vital new weapon to help win the war. The firm is introducing what it describes as a “game-changing” tool, known as Fraud Edge. It gives greater levels of insight on fraudulent activity to help the user form their claim investigation strategy. Among its key features, is an “Innovations” offering, which offers the full spectrum of previous claims and fraud data. This helps avoid oversights – for example, if a suspected fraudster had previously been involved in a questionable motor claim, this may not have otherwise been picked up on a holiday sickness claim. In addition, it offers an analysis of the track record of the claimant firm and medical practice involved.

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Texas Farm Bureau Insurance | April 29, 2020

Texas Farm Bureau Insurance (TFBI) is refunding more than $20 million to it auto insurance customers, in response to the decrease in accidents following COVID-19 social distancing rules. A release explained that the company’s auto insurance policyholders will be credited and/or refunded 15% of their insurance premiums for two months. Those credits/payments will begin May 15, 2020. Policyholders will not need to take any action to claim their credit refund, TFBI said. For those who have a payment schedule, they will receive a credit on their future billing statement. Those who have paid their policies in full will receive a refund check through the mail. “Texas’s streets have been quieter than usual as everyone joins forces to do the important work of flattening the curve,” said TFBI executive vice-president Mike Gerik. “With fewer drivers on the road resulting in fewer accidents, we are pleased to be able to make this premium refund to our policyholders.

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