Fairfax, Virginia-based insurance agency Johnson & Strachan Inc. hired Chip Henson as a property and casualty sales executive. Henson previously worked as a senior sales representative for Liberty Mutual, where he specialized in business property and casualty insurance. Prior to …
Massachusetts lawmakers have approved legislation converting the state’s liquor liability insurer of last resort into a competitive mutual insurance company offering liquor liability insurance to the entire hospitality industry. The Liquor Liability Joint Underwriting Association of Massachusetts (LLJUA) said it …
10 Common Agency Woes and How to Fix Them The typical agency has at least a few persistent problem areas that never quite go away. At best these issues are addressed but not completely fixed. At worst, they are not …
Quarterly earnings from bank insurance brokerage hit their second-highest level in first quarter 2008. Bank insurance brokerage earnings in the first three months of 2008 were $1.078 billion, up 8.6 percent from $993.3 million in the first quarter of 2007 …
Regional P/C Insurers Beat Out Nationals on Compensation, Claims; Nationals Outperform on Technology Regional carriers come out on top in agency compensation and claims services, while nationals outscore regionals on loss control and technology. That’s according to an Insurance Journal …
Combined Firm Doubles Employee Benefits Business Willis Group Holdings Chairman and CEO Joe Plumeri holds a reputation for taking on challenges. On June 8 his company gave him one. Willis announced it has agreed to buy Virginia-based rival Hilb Rogal …
New Chief Sees ‘No Sacred Cows’ in Turnaround Plan; Ready to Divest of Non-Insurance Holdings American International Group, the world’s biggest insurer [by capitalization], replaced CEO Martin Sullivan on June 15, after it suffered two quarters of record losses from …
Alliant Insurance Services Puts Its Money Where Its Trust Is — In Teams, Not Individuals Insurance Journal Top 100 Agency Profile Alliant Insurance Services RANKING: No. 2 Headquarters: Newport Beach, Calif. Year Founded: 1927 Total Premium Volume: $2.8 billion 2007 …
As an important link in the global supply chain, exporters face many exposures Small and midsize U.S. companies are sharply increasing their exports, encouraged by falling trade barriers, a weakening dollar that makes their goods and services more affordable to …
Swiss Re’s latest sigma study reports that the global insurance industry’s results from 2007 show that insurance premium income grew 3.3 percent in real terms to $4.061 trillion. The growth was “primarily driven by the life business in industrialized and …
