Westfield Insurance was named Florida Association of Insurance Agent's (FAIA) 2015 Trusted Choice Company of the Year. This prestigious award was presented to Westfield during the FAIA Convention's General Session at the Rosen Shingle Creek Resort in Orlando. The award was presented to Westfield's Chris Cline and Jennifer Weber by FAIA vice chairman, Brian Scarborough, in honor of Westfield's commitment to agents and the independent agency system.

New Paradigm Underwriters is delivering a new, unparalleled risk transfer solution which is designed to protect property and businesses from possible hurricane losses. New Paradigm's Hurricane PM supplemental windstorm insurance provides affordable first dollar protection for almost any economic loss.

The Mechanic Group boasts more than 25 years of dedicated service to private security, investigation, alarm and background screening insureds. The company provides a stable, reliable, tested, and fixed cost Workers Compensation Program for Central Station Alarm firms, including risk management services, such as claims monitored by their in-house team, carrier-sponsored managed care and drug-free workplace in some states, and comprehensive library of videotape safety programs.

ACE Commercial Risk Services (ACE CRS) launched several new products that expand its suite of Specialty Commercial Products. The expanded products are available through ACE Solutions Fast Track, the online small business underwriting solution that rapidly quotes and issues a policy in an insurance broker's office in 5 minutes or less. The new products and coverages include: Lessor's Risk BOP, Liquor Liability, Commercial Umbrella, Employment Practices Liability Insurance BOP Enhancement (EPLI), Privacy Liability & Data Breach Insurance BOP Enhancement (Cyber), Professional Liability BOP Enhancement. The ACE Solutions Fast Track system has also added new features, such as pre-fill building data, namely year built, construction, occupancy, number of stories, and square footage; building valuation estimator; and business Personal Property estimator.

DALLASWHITE Property Restoration was ranked No. 1130 on Inc. magazine's 34th annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. This was achieved with the company's three-year sales growth of 479%. The 2015 Inc. 5000 is the most competitive group in the list's history.

Verisk Analytics (Verisk) announced that the company has been ranked 18 out of 100 on Forbe's magazine's 2015 list of the World's Most Innovative Companies. Verisk ranked first among industry counterparts in the Research & Consulting Services category. Verisk uses advanced technologies to collect and analyze billions of records to provide predictive analytics and decision support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other areas.

Knights of Columbus (K of C) has been rated A++ for financial strength by A.M. Best. This reaffirms the company's strong presence in Catholic communities and its members' loyalty. This is Knights of Columbus' 40th year receiving A.M. Best's highest award. Last year, K of C, the world's largest Catholic fraternal organization with more than 1.9 million members across the globe, set new records for donating to charity more than $173.5 million and 71.5 million hours of service. The organization was also named, for the second consecutive year, a 2015 “World's Most Ethical Company” by the Ethisphere Institute.

Tryg, has selected Genpact, a global leader in designing, transforming, and running intelligent business operations, for a multi-year engagement to help Tryg reimagine its core operations. The engagement will incorporate Genpact's Lean Digital approach that embodies its patented Smart Enterprise Process (SEP) methodology; its Rapid Process Automation solution which is part of Genpact's Systems of Engagement portfolio; and Smart Decision Services.

SFA Holdings Inc. announced the completion of its acquisition of MerCap Securities, LLC, a Pennsylvania-based privately-held independent broker-dealer supporting Series 6 registered representatives. MerCap Securities' registered representatives focus mainly on providing insurance-based solutions to retail investors. SFA is an independent, privately owned provider of brokerage and advisory services and solutions to independent financial advisors nationwide. Based in Paoli, Pa., MerCap supports 90 registered representatives in 20 states. Under its current senior leadership team, led by president and CEO, Dale Pope, MerCap will continue to operate as a stand-alone entity.

Special Reports /

Around the insurance industry: September 16, 2015

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