Arthur J. Gallagher to Acquire M&T Bank’s Insurance Agency of Buffalo

Global insurance broker Arthur J. Gallagher & Co. has agreed to acquire Buffalo, New York-based M&T Insurance Agency, Inc. (MTIA), an indirect subsidiary of M&T Bank Corp. In connection with the transaction, Gallagher said it will become the preferred insurance broking partner of M&T Bank. Founded in 1955 and operating under its current name since … Read more

Gallagher buys M&T Bank’s insurance agency

Arthur J. Gallagher & Co. has agreed to buy M&T Insurance Agency Inc., a nearly $40 million agency that is a subsidiary of M&T Bank Corp. Gallagher will also become the preferred insurance broking partner of the bank, the broker said in a statement Thursday. Buffalo, New York-based M&T Insurance Agency is the 86th-largest brokerage … Read more

Tesla countersues Calif. agency behind race bias suit

(Reuters) — Tesla Inc. on Thursday countersued the California agency that has accused the electric carmaker of tolerating widespread race discrimination at its flagship assembly plant. Tesla in a complaint filed in state court in Alameda County said the California Civil Rights Department, which sued the company in February, adopted “underground regulations” allowing it to file the lawsuit without first notifying Tesla of the claims or giving the company a chance to settle. … Read more

Agency Aggregator Union Bay Acquires Farrell Insurance in Pennsylvania

Union Bay Acquisition, a new aggregator of insurance agencies agent based in Princeton, New Jersey, reports it has acquired Farrell Insurance Associates Inc. of Lansdale, Pennsylvania. Terms were not disclosed. Jerry Farrell, who founded Farrell Insurance Associates in 1996, has joined the board and the Farrell staff is now part of Union Bay Risk Advisors, … Read more

GAO critical of cybersecurity of nuclear agency, contractors

The National Nuclear Security Administration and its contractors have not fully implemented recommended cybersecurity measures and oversight of subcontractors’ cybersecurity is “inconsistent,” the U.S. Government Accountability Office said in a report Thursday. The traditional IT environment includes computer systems used for weapons design, but both the NNSA and its contractors have “not fully implemented a … Read more

Dale Partners Ltd. Gets Regulatory Nod to Launch Lloyd’s Managing Agency

Dale Partners Ltd. (DPL) announced it has received approval from the UK Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA) and Lloyd’s to launch its managing agency, Dale Managing Agency Ltd. DPL also announced it has appointed four independent non-executive directors (NEDs) to join the board of Dale Managing Agency board. “This is fantastic … Read more

Smart Choice Makes Tennessee Agency Its 22nd Acquisition

Smart Choice, a network of independent agents, has acquired Carriage Hill Insurance, an agency in Tennessee. The agency has $4 million in annual revenue, with offices in Lenoir City, Oak Ridge, Brentwood and Athens, Tennessee. The owner, Todd Henderson, now becomes president of the agency, Smart Choice said in a news release. Chase Scott will … Read more

US Cyber-Defense Agency Urges Companies to Automate Threat Testing

The US government’s cyber defense agency is recommending for the first time that companies embrace automated continuous testing to protect against longstanding online threats. The guidance, from a cluster of US and international agencies published on Wednesday, urges businesses to shore up their defenses by continually validating their security program against known threat behaviors, rather … Read more

Chemical Safety Agency Impeded by Staff Shortage

The federal agency that investigates chemical accidents is hindered by a lack of staffing, leadership disputes and a backlog of investigations that threaten its ability to protect people and the environment, according to a new report by a federal watchdog. The report by the Environmental Protection Agency’s inspector general says the U.S. Chemical Safety Board … Read more