CEO Restrepo Talks Cat Losses, Premium Growth and Independent Agents Regional property/casualty insurance companies don’t make headlines like the large institutions. They simply go about their business serving customers and independent agents — and paying claims. How are regional insurance …
$255 Million More than $240 million in federal disaster aid will be used to buyout home and properties in Iowa damaged by record flooding in 2008. The money will be used in areas where Federal Emergency Management Agency funds are …
Stick to your knitting. Sell on value, not on price. Return to the basics. Achieve growth through disciplined underwriting. The above are just a few of the mantras, some might say clichés, being repeated throughout the property/casualty insurance industry these …
New York-based Tower Group Inc. has agreed to purchase Specialty Underwriters’ Alliance Inc., headquartered in Chicago, in a transaction valued at approximately $107 million. SUA said the deal will enable it to better leverage its independent general agent distribution network …
Cutter Named to Head the Department Indiana Department of Insurance (DOI) Commissioner Jim Atterholt has been appointed to serve on the Indiana Utility Regulatory Commission (IURC) and former DOI Chief Deputy Commissioner Carol Cutter will now lead the insurance department. …
Eight months after North Dakota voters gave Gov. John Hoeven the final word on state workers’ compensation rates, employers’ insurance bills are likely to rise due to the recent bleak market for investments. Hoeven adopted an advisory board’s recommendation that …
No Replacement Named Zachary Weiss, chairman of the New York State Workers’ Compensation Board, will resign from his post later this month to become a federal administrative law judge. Weiss became chairman of the board in October 2007, and was …
Five Sure-Fire Ways to Get the Best Talent in Your Agency The insurance industry is transitioning into a new era as Baby Boomers approach retirement. But who will fill their shoes? There is no line of new talent waiting in …
It is quite possible that some of the executives caught up in the corporate scandals at AIG, the automakers, Wall Street firms and some life insurers are victims of their own sense of entitlement. New research looks at employees who …
DeCotis Insurance Associates Inc. has named Devin B. Haughey chief operations manager. Haughey will oversee the general management and operations of DeCotis, an independent excess, surplus and specialty lines firm with offices in Providence, Rhode Island and Braintree, Massachusetts. Prior …
