Latest Retail Headlines
All the headlines from our Retail Topic Page, ordered by recency.
Wal-Mart Accuses Insurers of Bad Faith in Tracy Morgan Case
Nov 2 2015 // Wal-Mart Stores Inc. has filed a lawsuit against a number of its commercial excess liability insurers. The lawsuit alleges that the insurers are delaying to pay claims related to the giant retailer’s settlement paid...
Wal-Mart Sues Insurers for Alleged Breach of Contract in Morgan Settlement Case
Oct 16 2015 // Wal-Mart Stores Inc. recently filed a lawsuit against a number of its commercial excess liability insurers. The lawsuit alleges that the insurers are delaying to pay claims related to the giant retailer’s personal...
Texas All Risk General Agency Receives Special Recognition for Advancements in Technology from Nautilus Insurance Group
Oct 16 2015 // Dallas, TX, October 14 2015- Nautilus President Tom Kuzma presented the award at the company’s 30th Anniversary celebration in Whistler, British Columbia on September 29th. The carrier’s top MGA partners were...
Thornton Named Managing Director of Global Risk Partners’ Retail Broking Unit
Oct 9 2015 // Global Risk Partners Limited (GRP)* is pleased to announce that Neil Thornton will be joining as managing director of GRP’s Retail Broking business. Thornton was previously head of the Commercial Division of Bluefin...
Retailers Most Vulnerable to Cyber Breaches at Point-of-Sale
Oct 5 2015 // In justifying a reluctance to purchase cyber insurance coverage for data breaches, many retailers insist they don’t store credit card information after a sale. But experts say the headline-generating data breaches at...
NAS’ Palotay: Point-of-Sale, not Stored Data, Riskiest for Retailers
Oct 1 2015 // In justifying a reluctance to purchase cyber insurance coverage for data breaches, many retailers insist they don’t store credit card information after a sale. But experts say the headline-generating data breaches at...
Brown & Brown Revamps Retail Agency Division
Sep 18 2015 // Brown & Brown Inc. has realigned its of retail agency division into a more decentralized operating model with an eye toward increasing organic growth. Brown & Brown’s retail agency division will continue to...
Gallagher Plans to Buy Controlling Stake in Colombian Broker Guianza
Aug 7 2015 // Arthur J. Gallagher — the international division of Arthur J. Gallagher & Co. – has signed an agreement to acquire a controlling stake in Colombian retail insurance broker Guianza S.A. Corredores de Seguros,...
Toys ‘R’ Us Facing Credit Insurance Woes As It Restructures
Jul 28 2015 // Insurance companies are cutting back on their coverage of Toys “R” Us Inc. suppliers, bringing another headache to a retailer that has suffered more than two years of losses, people familiar with the matter...
Comprehensive Rating Platform Leads to MGA Successes
Jul 28 2015 // Dallas, TX, July 28 2015-Texas All Risk General Agency, Inc. is celebrating single digit mid year loss ratio trends with all 5 of their commercial binding carriers. The company attributes its continued success to their...
Idaho Man Gets Settlement from Trademark Issue Over Walmart Shirt
Jul 15 2015 // A man in east Idaho is getting a settlement from the company that used his American Built trademark on 88,000 shirts sold in Walmart stores. KPVI-TV reported the undisclosed settlement was reached out of court and is going...
Suit Charges Wal-Mart with Discrimination Against Gay Employees Over Health Benefits
Jul 15 2015 // Wal-Mart Stores Inc. was accused of discriminating against gay employees in a lawsuit that pits the biggest U.S. retailer against rights activists just weeks after same-sex marriage was legalized nationwide. In a proposed...
Web Services Turns Hit Ratios Upside Down for Surplus Lines MGA.
Jun 30 2015 // Dallas, TX, June 30 2015–To use a baseball metaphor, Texas All Risk General Agency (TAR) is batting .725 with Atlantic Casualty Insurance Company at the mid-year point. According to TAR VP David Day, “With the All...
Wal-Mart Settles With Tracy Morgan Over Turnpike Crash Suit
May 27 2015 // Tracy Morgan and Wal-Mart Stores Inc. settled the actor-comedian’s lawsuit over a New Jersey Turnpike crash that had left him in a coma for days and killed another comedian. Morgan was riding in a van that was struck...
Texas All Risk General Agency, Inc. Awarded Exemplary Agent by Nautilus Insurance Group
Apr 29 2015 // Dallas, TX, April 29, 2015 – Texas All Risk General Agency, Inc. has been awarded the rare distinction “Exemplary Agent” by Nautilus Insurance Group (a W. R. Berkley Company). Nautilus gives this...
Indiana Woman Awarded $510K for Injury Outside Wal-Mart Store
Mar 30 2015 // A northern Indiana jury has awarded more than a half-million dollars to a woman who was injured when she stepped into a hole outside a Wal-Mart store. The (Munster) Times reports the Porter County jury awarded 29-year-old...
Va. Retailer Lumber Liquidators Faces Safety Inquiry
Mar 26 2015 // The U.S. Consumer Product Safety Commission said Wednesday it is investigating Lumber Liquidators Chinese-made laminate flooring following a national TV broadcast raised concerns over levels of formaldehyde. Chairman...
Va. Retailer Lumber Liquidators to Pay for Safety Testing of Flooring
Mar 16 2015 // Retailer Lumber Liquidators said on March 12 that it stands by its products and will pay for the safety testing of laminate floors for customers to help ease concerns. The Toano, Virginia, company addressed concerns raised...
Texas Insurance Wholesalers Wary of Retail Agent Association MGA
Feb 23 2015 // In mid-November 2014, Texas’ largest association of independent retail insurance agents took the unprecedented step of acquiring a managing general agency as a way of providing its members greater access to...
Wal-Mart Driver Appeals in Bid to Delay Morgan Crash Suit
Feb 20 2015 // A Wal-Mart driver involved in a highway crash that killed a comic and severely injured actor-comedian Tracy Morgan has asked a judge to reconsider her decision not to delay Morgan’s lawsuit against the company. Truck...
