Brown & Brown, ICA Brown & Brown Inc. has acquired certain assets of insurance claims adjusting firm ICA Inc., based in Charlotte, N.C. Terms were not disclosed. With annualized net revenues of approximately $13.2 million, ICA provides insurance claims adjusting …
The bad news is independent agency profits are and will continue to be compressed. The good news is that for independent agencies willing to abandon the traditional model, great opportunity exists. Profits will stay compressed because revenue increases will be …
Private U.S. property/casualty insurers’ net income after taxes rose to $43 billion in nine-months 2013 from $27.8 billion in nine-months 2012, with insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus increasing to 9.5 …
A new year is a chance to look back and review the past. Here’s a view at some of the best quotes found on InsuranceJournal.com in 2013. What was your favorite quote of the year? “If you like your health …
Free Speech Ripoff “This case is really important because businesses should not be able to silence their customers.” —Scott Michelman of nonprofit Public Citizen Litigation Group says the case of a Utah couple who sued an online retailer over a …
The employment practices liability insurance (EPLI) line has been showing the largest price hikes in U.S. commercial insurance. The EPL line’s year-over-year price increases spiked into double digits during the 2013 third quarter. (Towers Watson’s Commercial Lines Insurance Pricing Survey) …
In 2013, Insurance Journal readers flocked to news about insurance carriers (Travelers, Berkshire, Liberty Mutual, Tower and others) making moves, changes in Obamacare, the fate of federal flood insurance reforms and storm forecasters coming up short. The following is a …
Another year is in the books. As your agency reflects on the past year, how would your answer the following question: Are you a better errors and omissions (E&O) risk today than compared to a year ago? Many issues factor …
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California isn’t just a warm place to live, which is often the case even in winter, but it turns out the state is considered a “judicial hellhole.” The American Tort Reform Foundation issued its annual “Judicial Hellholes” report as 2013 …
