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

Security Firm Finds Cyber Vulnerabilities in Indian Online Insurance Aggregator

NEW DELHI (AP) – Last month, a cyber-security startup told a major Indian online insurance brokerage it had found critical vulnerabilities in the company’s internet-facing network that could expose sensitive personal and financial data from at least 11 million customers to malicious hackers. The startup followed the standard ethical-hacker playbook, giving Policybazaar, the insurance aggregator, … Read more