Robin Stough Robin Stough announced the formation of R.A. Stough LLC, Pacific Wholesale Insurance of Texas. The new venture is a partnership between Stough and Pacific Wholesale, a national brokerage firm and managing general agency for property and casualty insurance. …
In Asheville, N.C., Don Evans, president, and Bob Bird, CEO, honored outstanding Independent Insurance Agents of North Carolina members with Lifetime Achievement, Company Professional of the Year, Agent of the Year, and Ernest F. Young Education awards as well as …
Roger Schmelzer The Marsh & McLennan board of directors announced it has accepted the resignation of chairman and chief executive officer Jeffrey W. Greenberg. Stepping in to immediately replace Greenberg is Michael G. Cherkasky, named president and CEO. Cherkasky was …
Robert Loiselle At the Independent Insurance Agents of Rhode Island’s (IIARI) Annual Convention in Newport, R.I., recently, Robert Loiselle was named as the newest recipient of the esteemed Carleton I. Fisher Award. He is one of only seven people in …
By now, you probably are aware that insurance broker Marsh & McLennan Companies Inc. and Marsh Inc. (collectively Marsh) were sued in New York on Oct. 14 based on allegations of engaging in certain illegal business practices, specifically “bid rigging,” …
According to a new study by the Workers Compensation Research Institute (WCRI), notable features of Arizona’s workers’ compensation system included a lifetime entitlement to medical and indemnity benefits–payments to replace lost wages–and the active role of the state agency in …
The nearest way to come at glory is to do for conscience what you would do for glory,” said Gordon Stewart, president of the Insurance Information Institute (III), at the Insurance Industry Charitable Foundation’s 2004 Bridge Week Luncheon Celebration held …
The latest technologies that allow independent agents and brokers to efficiently manage and ensure a profitable business were presented to more than 1,800 conferees attending the Annual Technology, Education and Networking Conference at the Coronado Springs Resort in Lake Buena …
New York Attorney General Eliot Spitzer’s filing on Oct. 14 of charges against giant insurance broker Marsh for alleged commercial account steering and bid rigging has already had significant impact on Marsh and is expected to reach into the insurance …
Oct. 15, 2004: Marsh announces an immediate suspension of its practice of market services agreements (MSA) or PSAs with insurance carriers. Oct. 18, 2004: Fitch downgrades Marsh & McLennan’s senior debt, S-T ratings. Shares of property/casualty companies fall. Oct. 20, …
