Latest Retail Headlines
All the headlines from our Retail Topic Page, ordered by recency.
The Rollercoaster of M&A
Apr 19 2010 // Continued Soft Market, Taxes and Health Care Reform to Boost Activity in Second Half of 2010 January deal activity started out strong but continued to decline in February and further in March. Nonetheless, first quarter...
Brown & Brown Elects Bridges Western Regional President
Apr 6 2010 // The Board of Directors of Brown & Brown Inc. has elected C. Roy Bridges regional president responsible for most of the company’s retail operations in the western United States. He will continue to have regional...
Florida’s Market and How Surplus Lines Agents Are Faring
Mar 19 2010 // Hurricane Andrew, for all of the grief it delivered, gave wholesale broker Hull & Co. and Bruce Bowers a big opportunity. “Prior to ’92, there wasn’t much of a need for personal lines in the excess...
State of Challenge: How Florida’s Surplus Lines Agents Are Faring
Mar 7 2010 // Interview with FSLA President Bruce Bowers Weak Economy, Insureds Going Bare, Hungry Admitted Markets and Citizens’ Low Rates Test Agents Hurricane Andrew, for all of the grief it delivered, gave wholesale broker...
Wal-Mart to Pay $11.7 Million to Settle U.S. Gender Bias Lawsuit
Mar 3 2010 // Wal-Mart Stores Inc. will pay more than $11.7 million to settle a gender discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission, the agency said. The lawsuit accused the world’s largest...
Kentucky Court to Wal-Mart: Pay Workers’ Comp to Employee Who Sued
Feb 24 2010 // Wal-Mart Stores Inc. has lost its bid to deny workers compensation benefits to an employee who also received a $900,000 civil award from two third parties. The Kentucky Court of Appeals ruling on Feb. 19 in Wal-Mart Stores...
M&A Activity at Decade Lows
Feb 21 2010 // Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and...
Dispelling the Myth That Wholesalers Add Cost
Feb 21 2010 // Your current retail broker is using a wholesaler and it’s adding to the cost of business. We can reduce your costs by eliminating the wholesaler.” How many times have retail agents and brokers said this when...
Fremont Insurance Endorsed by Michigan Retailers Association
Feb 8 2010 // Fremont Insurance, a Michigan-exclusive property and casualty insurance carrier, has been named as the endorsed insurer of the Michigan Retailers Association (MRA). This is the second consecutive year that Fremont has been...
Chartis Introduces New Umbrella Program for Retail Industry
Jan 25 2010 // Chartis expanded its XSEnhanced commercial umbrella program to include the retail industry. XSEnhanced Retail is the second product in the XSEnhanced suite of industry-specific commercial umbrella coverages developed by...
California Warns Major Retailers about Products with Lead
Nov 17 2009 // California Attorney General Edmund G. Brown Jr. sent a letter last week to six major retailers, warning them that a number of children’s products on their store shelves were found to contain “illegal levels of...
California’s Edgewood Partners Names New Principal
Oct 20 2009 // Edgewood Partners Insurance Center, a retail property, casualty and employee benefits insurance brokerage, has appointed Joe Vineis as principal in its San Francisco Office. Vineis brings more than 20 years of experience...
Insurance Brokerage M&A Took a 3rd Quarter Vacation
Oct 19 2009 // Deal making wasn’t at the top of the list of summer activities this season, but deal vacation was. Third quarter merger and acquisition (M&A) activity continued declining to just 30 announced transactions between...
Massachusetts Court Upholds $2M Award to Wal-Mart Pharmacist
Oct 6 2009 // The highest court in Massachusetts has upheld a $2 million jury award to a former pharmacist at Wal-Mart Stores Inc. who claimed she was fired by the retail chain after asking to be paid the same as her male...
Marsh Finds Europe’s Retailers Fear Working Capital, Supply Chain Risks
Aug 28 2009 // New research by Marsh has found that senior executives at Europe’s leading retail and consumer brands businesses will be concerned by risks such as cash flow, credit risk and trade credit over the next 18 months. An...
Louisiana Retailers Mutual Converts to Holding Company System
Aug 11 2009 // Louisiana Retailers Mutual Insurance Company, a workers’ compensation insurer, has received regulatory approvals from the Arkansas, Louisiana and Mississippi departments of insurance to convert to a mutual insurance...
M&A Activity Continues at a Snail’s Pace Compared to 2008
Aug 3 2009 // Insurance brokerage mergers and acquisitions in the second quarter of 2009 was nearly half of what is was during the second quarter of 2008. Just 39 transactions were announced from April through June compared to last year...
Willis Forms ‘Strategic Alliance’ with British Retail Consortium for Insurance
Jun 26 2009 // The British Retail Consortium (BRC), the leading trade organization for UK retailers, and Willis Limited, the UK arm of Willis Group Holdings, jointly announced the formation of a “strategic alliance that offers a...
Wal-Mart Pays $2M to Avoid Charges in New York Death Probe
May 11 2009 // Wal-Mart agreed Wednesday to pay nearly $2 million and improve safety at its 92 New York stores as part of a deal with prosecutors that avoids criminal charges in the trampling death of a temporary worker last year. Nassau...
Kin of Wal-Mart Stampede Victim to Sue New York County
Feb 24 2009 // Relatives of a worker trampled to death in a crush of post-Thanksgiving bargain-hunters at a New York Wal-Mart have filed court papers indicating they intend to sue Nassau County and its police department. A notice of...
