State of California takes over control of former Berkshire insurance unit

Berkshire Insurance Unit - Warren Buffett of Berkshire Hathaway

The Department of Insurance said that it never gave its approval to the sale of the company. The California Department of Insurance have seized a former Berkshire insurance unit. The regulators claim that the sale of California Insurance Co. was in violation of state regulations. This is the latest step in the ongoing controversy regarding the sale of the unit. Earlier this week, the California Department of Insurance said that it had not given its approval to the sale of the Berkshire insurance unit with Applied Underwriters, a workers’ compensation…

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UMIP’s Partner Announces Company Name Change and Launch of Religious-Focused Sub-Brand

Cleveland, OH, November 07, 2019 –(– AmVenture Insurance Agency, Inc., the exclusively-endorsed property and casualty insurance provider of the United Methodist Insurance Program (UMIP), is pleased to announce that the company name has changed to Suracy Insurance Agency, Inc. This name change marks the last stage in the company’s launch as an independent insurance agency after separating from its former parent company in January 2019. Additionally, the company is announcing the launch of its sub-brand, Suracy Faith, which will focus on providing insurance solutions for religious organizations nationwide. “We are…

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