Latest Retail Headlines
All the headlines from our Retail Topic Page, ordered by recency.
U.S. Appeals Court Upholds Dismissal of Maryland’s Wal-Mart Mandate
Jan 18 2007 // The United States Court of Appeals for the Fourth Circuit has affirmed a lower court decision that federal ERISA law invalidates a Maryland law that would have required giant retailer Wal-Mart to offer a certain level of...
2006: Soft market offers up many new insurance products
Dec 25 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...
2006 New Markets Report
Dec 24 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...
Wal-Mart Settles a Nearly $5.1 Million Insurance Lawsuit in Okla.
Dec 7 2006 // Wal-Mart has settled a nearly $5.1 million class-action lawsuit brought by the estates of 73 former employees in Oklahoma. A federal judge in Tulsa gave final approval Dec. 4 to the settlement, which calls for about a...
SPECIAL REPORT: Surplus Lines
Nov 20 2006 // The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard...
Not your father’s wholesaler
Nov 20 2006 // When it comes to today’s excess and surplus lines brokers, retail agents have a choice of several models Much is said about retail agents having to change with the times and stand out from the crowd to survive. But...
The Locomotive That Drive the Insurance Train
Nov 19 2006 // The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard...
Not your father’s wholesaler
Nov 19 2006 // Much is said about retail agents having to change with the times and stand out from the crowd to survive. But what about wholesalers? Wholesale brokers are also trying to differentiate themselves, hoping retail agents will...
Wal-Mart Expands $4 Generic Drugs to 11 More States
Nov 17 2006 // Wal-Mart Stores Inc. is expanding its $4 generic prescription program to 11 additional states and adding 17 more prescriptions to the program. The world’s largest retailer added 502 stores to those offering the...
Argonaut Group Launches Retail Furniture Store Program
Nov 16 2006 // San Antonio, Texas-base Argonaut Group’s Select Markets segment launched a new program for the retail furniture store marketplace. Highlights of the Retail Furniture Store Insurance Program include property coverage...
JLT Completes Sale of U.S. Retail Business to Alliant
Oct 19 2006 // The London-based broker Jardine Lloyd Thompson Group confirmed that the sale of its US based retail P/C Insurance and Employee Benefits businesses to Alliant Insurance Services, Inc. was completed after the close of...
Fed Survey Finds Easing of Credit Underwriting Standards
Oct 18 2006 // The Office of the Comptroller of the Currency’s annual Survey of Credit Underwriting Practices reports that competitive pressures have led to a third consecutive year of eased commercial and retail credit...
Alliant Buys U.S. Retail Business of Jardine Lloyd Thompson
Sep 8 2006 // Jardine Lloyd Thompson Group plc (JLT) said it has sold its U,S. based property and casualty insurance and employee benefits businesses to California-based Alliant Insurance Services, Inc. “The sale of the retail...
Surplus lines designation curriculum updated; good fit for retailers as well
Sep 4 2006 // After 10 years on the circuit, the surplus lines industry’s first designation has received a facelift. Beginning in January 2007, the Associate in Surplus Lines Insurance designation (ASLI) will be earned by passing...
Maryland Seeks Answers for Uninsured After Wal-Mart Law Nixed
Aug 6 2006 // With Maryland’s groundbreaking Wal-Mart health care bill declared invalid by a federal judge, state officials are re-examining their options for providing medical care to many of the almost 800,000 people who have no...
Wal-Mart Type Banks Put on Hold
Jul 30 2006 // Federal bank regulators have halted for six months any new approvals of the sort of industrial banks that Wal-Mart, Home Depot and 12 other companies are seeking to own. The Federal Deposit Insurance Corp. imposed the...
Judge Overturns Wal-Mart Health Care Spending Law
Jul 20 2006 // A first-of-its-kind state law that would have required Wal-Mart to spend more on employee health care in Maryland is invalid under federal law, a judge ruled Wednesday. The state law would have required non-governmental...
Fed Official Raises Concerns Over Wal-Mart Entry into Banking
Jul 14 2006 // A Federal Reserve official raised concerns this week about nonfinancial companies such as Wal-Mart and Home Depot establishing banks. Legislation to block such arrangements has been moving forward in the House. The two...
Effort to Block Wal-Mart, Berkshire Hathaway Banks Gaining Support
Jul 6 2006 // With Wal-Mart and Home Depot among a record number of companies awaiting federal approval to open banks, legislation to block this special kind of bank is gaining momentum, a senior House lawmaker said. Thirteen companies,...
Berkshire Hathaway, Wal-Mart Among 14 Firms Lining Up to Start Banks
Jul 5 2006 // Thirteen companies, a record number, have joined controversy-stirring Wal-Mart Stores Inc. in the pipeline for approval from federal regulators to establish a special kind of bank, agency records show. The companies, which...
