Monthly Archives: <span>February 2012</span>

Independent Agency System Marked by Changes and Challenges

Robust merger and acquisition activity, carrier relocations and an aging workforce are influencing independent insurance agencies in ways an agency owner might not have experienced decades ago. But Bob Bramlett, president and CEO of The Bramlett Agency in Ardmore, Okla., …

Calkin Promoted to Divisional President at Great American Insurance

Cincinnati, Ohio-based Great American Insurance Group has promoted Mark Calkin to divisional president of its trucking division. Calkin has been with the company since 1980 and joined the trucking division in 2004. Over the last eight years, he has held …

Nebraska Bill Would Create Disaster Housing Fund

Nebraska needs to create a temporary housing fund to help people who lose their homes to flooding, tornadoes and other natural disasters, a state lawmaker said on Feb. 23. Sen. Lydia Brasch, of Bancroft, said the state was unprepared last …

Roush Joins B & B in Southern California

Stephanie Roush has joined Agoura Hills based B & B Premier Insurance Solutions Inc. as an account executive. Roush, who specializes in workers’ compensation and business insurance, joined the B & B after relocating to California from her native Colorado. …

Willis Peru Sells 49.9% Stake to Credicorp in Partnership Move

Willis Europe BV, a subsidiary of global insurance broker, Willis Group Holdings plc, and Peruvian financial services group Credicorp Ltd, announced that, on February 24, 2012, Grupo Credito, a subsidiary of Credicorp, acquired 49.9 percent of the shares in Willis …

Former BUPA Head Gooding Joins XL Board

XL Group plc announced that Valerie F. Gooding has been appointed to the Company’s Board of Directors, effective at the April board meeting. Gooding served as the CEO of British United Provident Association (BUPA), an independent health insurer and service …

Surplus Lines Analysis: Multistate Clearinghouse Economics Don’t Work

Recent data from Florida indicate that the economics for a multistate surplus lines tax allocation clearinghouse are unworkable. There simply is not enough multistate surplus lines tax to support the cost of a clearinghouse. This is not new information. (See …

Apheta, O’Riordan Announce Strategic National Partnership

San Diego, Calif.-based O’Riordan and Associates, a strategic financial planning and insurance firm, announced it has merged with Apheta, a financial and insurance planning firm. Michael O’Riordan, founder and president of O’Riordan and Associates, brings more than 25 years of …

Oklahoma Panel Rejects Earthquake Insurance Notification Bill

An Oklahoma state representative said he is disappointed that a legislative panel rejected a bill aimed at informing consumers about earthquake insurance. Oklahoma State Rep. Mike Shelton said the House Insurance Committee voted down House Bill 2863, which was opposed …

Workplace Bullying Could Become Safety Violation in Hawaii

Bullying, abuse and verbal harassment in the workplace may cause employees physical and psychological harm. That’s part of the rationale behind a proposal in Hawaii to make abusive conduct against an employee an occupational safety violation. Victims would be eligible …