Appalachian Underwriters Buys Florida Brokerage Business
Nationwide managing general agency Appalachian Underwriters, Inc. of Oak Ridge, Tenn., has completed the purchase of the renewal rights to the brokerage business of Creative Insurance Underwriters in Florida.
“It was perfect timing,” says Bob Arowood, president and COO of AUI. “Florida has been our top growth area the past eight months and this acquisition has brought an additional 2,000 agency relationships to the table.”
Arowood said much of AUI’s recent growth in Florida can be attributed to the robust residential and commercial general contractors liability markets, commercial auto and workers’ compensation programs, and a recently opened personal homeowners program available throughout the state.
Source: Appalachian Underwriters, Inc.
www.appund.com
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- Cyber Rates Are Down, Risks Are Up but Small Businesses Slow to Adopt
- Burned by Fire, Malibu’s Million-Dollar Mansions Face a New Threat: El Niño