Monthly Archives: <span>May 2008</span>

National Advantage Insurance Adds Artisan/Service Contractor Market

National Advantage Insurance Services Inc. (NAIS) has added a new nonadmitted market for artisan/service contractor general liability in California. Target classes include but are limited to commercial building construction, maintenance and service trades and for residential service contractors with “no” …

Mississippi Officials Revise Jackson Damage Estimate

The city of Jackson, Miss. revised its damage estimate from the April 4 tornadoes to $5.8 million in a second attempt at getting federal disaster assistance. The city and Hinds County are seeking reimbursement for cleanup costs from the April …

High Risk Pass for New Mass. Auto Insurers Irks Established Players

Massachusetts auto insurers have been operating under a new managed competition auto insurance system for only a month now but a battle is well underway over how to treat newcomers to the state. The Patrick administration is offering a rule …

Willis Keen on China Growth

Willis Group Holdings Ltd, the world’s third-largest insurance broker, expects to maintain its annual revenue growth in the China market at at least 20 percent for the next five years and will increase its stake sharply in its local venture, …

How to Effectively Purchase Online Insurance Leads

Purchasing online insurance leads has been proven effective for agents who are interested in increasing their workload, and in turn the amount of money that they earn. But before you can get started, you need to learn how to effectively …

State Officials Praise Florida Public Adjuster Legislation

The Florida Senate passed a public adjuster reforms bill that will limit the contingency fees charged by adjusters and prohibit intrusive solicitation practices. Florida Chief Financial Officer Alex Sink and interim Insurance Consumer Advocate Terry Butler applauded the Legislature’s passage …

ISG’s Pacific Wholesale to Acquire E.L.M. Insurance Brokers

Insurance Specialty Group LLC, parent of Atlanta, Ga.-based Pacific Wholesale Insurance Brokers (Pacific Wholesale) entered into definitive agreements to acquire and merge with El Segundo, Calif.-based E.L.M. Insurance Brokers Inc. The combined companies will have 10 offices throughout the United …

Hurricane Season Looming, Mississippi Commissioner Says Be Prepared

With the 2008 hurricane season less than a month away, Mississippi Commissioner of Insurance Mike Chaney encourages all coastal residents to protect their lives and property by making preparations now. One of the first items on a list of preparations …

Arthur J. Gallagher Acquires N.J. Employee Benefit Broker RSI

Insurance broker Arthur J. Gallagher & Co. reports it has acquired RSI of Mount Laurel, New Jersey. Terms of the transaction were not disclosed. Founded in 1980, RSI offers employee benefit consulting and brokerage services for middle market businesses in …

Budget of $38 Million Set for Minnesota Bridge Victims Fund

A Minnesota House-Senate panel ageed on a $38 million compensation package for victims of the Interstate 35W bridge collapse. The lead negotiators were Sen. Ron Latz and Rep. Ryan Winkler. The total amount is closer to the House’s $40 million …