Latest Retail Headlines
All the headlines from our Retail Topic Page, ordered by recency.
The Woodlands Financial Group Has a Focus on Growth
Mar 14 2013 // Richard “Gordy” Bunch, president and CEO of The Woodlands Financial Group, readily concedes that starting a personal lines-focused insurance business in Texas in 2001 – while the state was in the throes of...
The Woodlands Financial Group Has a Focus on Growth
Mar 11 2013 // The Woodlands Financial Group Has a Focus on Growth Richard “Gordy” Bunch, president and CEO of The Woodlands Financial Group, readily concedes that starting a personal lines-focused insurance business in Texas...
Alabama Woman Sues Wal-Mart, Alleges Moldy Mr. Goodbar
Mar 1 2013 // A Huntsville, Alabama woman says in a new lawsuit that she became ill after eating a moldy Mr. Goodbar candy bar that she claims was nine months beyond its expiration date. Al.com reported that Terrica Brown is suing...
California Best Buy Stores Must Pay $875K In Pricing Suit
Feb 25 2013 // A Riverside County judge has ordered Best Buy Stores to pay nearly $900,000 and to institute a special discount program to settle a lawsuit alleging the company charged more than advertised prices at some California...
E&O Insights: Differences Between Standard, Excess & Surplus Markets
Jan 28 2013 // For as long as the insurance industry has been around, the excess and surplus (E&S) lines marketplace has served a vital role in writing difficult-to-place, specialty business for which admitted markets don’t...
Business Moves – Midwest
Jan 28 2013 // Willis North America Willis North America, a unit of global insurance broker Willis Group Holdings, has relocated its Cleveland, Ohio office to 1001 Lakeside Ave., Suite 1600. Willis established a presence in Ohio more...
CFC Launches Liability Cover for Online Retailers
Jan 16 2013 // Specialist lines underwriting agency CFC has launched a new fully combined modular policy designed exclusively for online retailers. The new product, WEB, covers the cyber exposures of online retailers, as well as the more...
Managing Underwriter Bill Creates Unwelcome Surprise for Some Texas Agents
Jan 14 2013 // A bill passed during the 2011 session of the Texas Legislature is creating havoc for some independent insurance agents in the state. House Bill 3410 creates a definition of a managing underwriter, and addresses the filing...
Large Retailers Rediscover Wholesale
Dec 17 2012 // It was in 2005 at the height of the Spitzer investigations when Aon, Marsh and Willis divested their wholesale brokerage operations to avoid appearances of conflict of interest with their retail side. But 2013 might be the...
After Bangladesh Fire, Wal-Mart Vows to Address Supply Chain Risks
Dec 14 2012 // A factory fire that killed more than 100 garment workers in Bangladesh has led the world’s largest retailer, Wal-Mart Stores Inc., to concede that it needs to do more to control its supply chain and keep unauthorized...
How Businesses Can Protect Against Black Friday Litigation
Nov 21 2012 // Black Friday can be a great day for both retailers and consumers but the crowds and hysteria surrounding the kick-off to the holiday shopping season lead to at least a handful of injuries every year. In 2011, more than 20...
Wal-Mart to Pay for Heart, Spine Surgery for Employees
Oct 11 2012 // Wal-Mart Stores Inc. is offering its U.S. employees and their families free heart and spine surgeries at six major health centers at no cost to the retailer’s workers, as it tries to find better ways to cover costly,...
Barclays Bank Shows Retail Intent with Takeover of ING Direct
Oct 10 2012 // Barclays’ new chief executive set the course firmly towards retail banking on Tuesday with his first deal since replacing Bob Diamond – the takeover of ING’s British savings and loan business and its 1.5...
Wal-Mart Employees in Florida Claim Gender Bias in Lawsuit
Oct 8 2012 // Three female Wal-Mart Stores Inc. employees have filed a lawsuit in South Florida claiming the retail giant discriminates against women in areas such as wages and promotion opportunities The potential class-action lawsuit...
Brokers Report Keen Direct Line Interest; But Some Investors Wary
Oct 2 2012 // Stockbrokers involved in the planned stock market listing of British insurer Direct Line reported good interest from private investors in London’s first big retail share offering for six years, although some...
Judge Lets Wal-Mart Discrimination Case Proceed
Sep 24 2012 // A U.S. judge rejected Wal-Mart Stores Inc.’s request to dismiss a gender discrimination case filed in California, but said he would rule later about whether the women plaintiffs had enough evidence to be certified as...
U. of California Sues Facebook, Wal-Mart, Disney Over Patents
Sep 13 2012 // A University of California patent licensee which has sued some of the biggest U.S. companies is taking on three more — Facebook Inc., Wal-Mart Stores Inc. and the Walt Disney Co. Eolas Technologies Inc. and the...
Mississippi Court Rules Wal-Mart Not Liable in Gun Ammo Sale to Underage Shooter
Sep 10 2012 // If a store sells ammunition to an underage person who uses the bullets to kill someone, is the retailer responsible? Not necessarily, according to the Mississippi Supreme Court. The court ruled 5-4 this week in favor of...
Man’s Gun Fires in Dallas Walmart; 4, Including 2 Children, Slightly Hurt
Jul 25 2012 // Investigators say a man and three bystanders have been slightly hurt when his gun accidentally fired at a Walmart store in Dallas. Police say 23-year-old Todd Canady of Waco was booked on an evading arrest charge. Police...
Kentucky to License Retailers Selling Insurance for Portable Electronic Devices
Jul 10 2012 // Kentucky regulators have released a new license application that will allow retailers for the first time to sell insurance to cover the portable electronic devices they sell. State lawmakers earlier this year a law that...
