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

Declarations

Hot As … “Early in the season, especially as the temperatures spike, all workers, regardless of fitness, should be given the opportunity to acclimatize to handle heat stress and prevent serious injuries from heat illness.” —In an announcement that came …

Business Moves

Eastern Insurance, Smith Buckley & Hunt Eastern Insurance Group has acquired Smith Buckley & Hunt, an insurance agency based in Brockton, Mass. Smith Buckley & Hunt was founded in 1875, and the Smith Family has owned the agency since 1922. …

Why Facebook Is Still Relevant for Your Agency

Facebook wants companies to pay up. In the past few years, major social media platforms such as Facebook, Twitter, and LinkedIn have started pushing businesses toward promoted posts, paid advertisements, and sponsored accounts. Yet companies have continued to rely mostly …

Changing MGA Market, Specialization and the Future: Hanover Excess & Surplus’s Letson

Matthew Letson, incoming president of the American Association of Managing General Agents (AAMGA), found the insurance industry like most do – by accident. After college, he landed a job at Markel doing marketing research in 1991. From there he moved …

‘Balance’ for Workers’ Comp

The workers’ compensation market is returning to a state of “balance.” That’s according to this year’s state of the industry address at NCCI’s annual symposium where analysts reported that the workers’ compensation combined ratio rang in at 101 in 2013, …

People

FrankCrum, a national professional employer organization, added Rodney Vaughn as broker manager, responsible for increasing the company’s presence in Texas, and forging relationships with insurance agents and brokers. Florida-based FrankCrum offers workers’ compensation insurance, payroll, human resources solutions and benefits …

Insured Loss Estimate from North Texas Storm Rises to $500M

The estimate of insured losses from an April 3 hail and wind storm in Denton, Texas, and nearby cities has risen. The Insurance Council of Texas now estimates that the amount of insured losses will be $500 million rather than …

Arkansas Tornado Was EF4; EF2-Rated Twister Hit Oklahoma/Kansas

National Weather Service officials said a tornado that killed 15 people as it ripped through Little Rock’s suburbs in late April was just shy of being rated Arkansas’ first top-of-the-scale storm in 85 years. A survey team said based on …

Community Service a Big Part of Texas Agents’ Annual Conference

The young agent members of Texas’ largest independent agents association will once again kick off the group’s annual conference with a community service project. This year, the young agents of the Independent Insurance Agents of Texas will host a work …

2 Texas Companies Tie for Top Spot in 2014 ‘Forgiveness’ Ratings

Two San Antonio-based companies – H.E.B., which operates grocery stores, and financial services company USAA – tied for the top spot in the 2014 Temkin Forgiveness Ratings, which rates 268 companies across 19 industries. USAA’s banking business tied for the …