Monthly Archives: <span>February 2014</span>

Brown & Brown Reports Record 4Q Net Income of $47.2M

Florida-based broker Brown & Brown Inc. recently announced results for fourth quarter of 2013, including a 10.8 percent increase in net income to a record $47.2 million, compared with $42.6 million for the same quarter of 2012. Total revenue for …

Independent Agencies Post Performance Highs: Reagan

Independent insurance agents and brokers posted new highs in revenue growth and profitability in the fourth quarter of 2013, according to a survey of large and mid-sized agencies by Reagan Consulting. The consulting firm said agencies performed well in all …

Baby Boomers Give Up, Drop Out of U.S. Labor Force

When Robin McLane’s generation hit public schools in the 1950s, there were never enough classrooms or teachers to accommodate the bulge, she said. So she’s not surprised about the latest shock that boomers are delivering to the U.S. economy. “People …

Obamacare Mandate Delayed Until 2016 for Firms Under 100 Employees

Employers with fewer than 100 workers won’t have to provide health insurance until 2016 under Obamacare, as the administration said it would again delay a key requirement of the health law. Larger firms have to cover at least 70 percent …

MGAA Members Back Lloyd’s Delegated Authority Plans

Representatives of over 75 percent of the UK’s Managing General Agents’ Association (MGAA) member organizations gathered yesterday to hear Peter Montanaro, Head of Delegated Authorities at Lloyd’s, set out the market’s plans for improving the oversight and management of delegated …

Australia Sees Increased Risks from El Nino Weather Pattern

Australian climate models indicate an increased chance of an El Nino weather pattern emerging later this year, the country’s weather bureau said on Tuesday, raising the risk of drought and floods in some parts of the world. The forecast comes …

Europe Warns Swiss of Consequences after Immigration Vote

Switzerland could lose its privileged access to the European single market, European officials said on Monday, after Swiss voters narrowly backed proposals to curtail immigration from the EU in a referendum that has unsettled business. The vote on Sunday was …

U.K. Towns Face More Floods as Insurer Losses Estimated at $1.6 Billion

Waterlogged towns on the River Thames west of London braced for more floods as rains persisted across southern England and Deloitte LLP said the storms may cost insurers £1 billion ($1.6 billion) by April. The Environment Agency has 16 severe …

IronPro Launches Privacy, Security Endorsement for Lawyers PL Program

IronPro, the professional and management liability unit of Ironshore Inc., has introduced a network security and privacy breach endorsement that can be added to its lawyers professional liability (LPL) program. This new endorsement provides reimbursement for expenses incurred as a …

Atlas General Insurance Services, LLC Announces New Specialty Programs Division

San Diego, Calif. (Feb. 11, 2014) – Atlas General Insurance Services, LLC, a national multi-line program manager, is pleased to announce the formation of its new division, Atlas Specialty Programs. This new division will be headed by industry veteran, Scott …