Currents

Brokers experience ‘exceptional’ second quarter; vigorous M&A activity

Stock Price Activity: Exceptional 2006 second quarter earnings reports had a positive impact on broker stock prices in July. Companies such as Brown & Brown (NYSE:BRO), Arthur J. Gallagher & Co. (NYSE:AJG), and Hilb Rogal & Hobbs (NYSE:HRH) reported impressive …

Judge denies California insurers’ lawsuit to stop auto rate regs

A Sacramento Superior Court judge has rejected the insurance industry’s request for an injunction against auto insurance rate regulation reforms in California, but the legal challenges will not end immediately. Shortly after the ruling on August 10, Insurance Commissioner John …

Making the most out of each outside sales call

As a sales professional, you’re aware of how crucial successful selling is to your company’s profits. Unless you work for a charitable organization, your company’s ultimate goal, beyond serving the customer, is to produce revenue. To achieve consistent sales success, …

Poll reveals misconceptions about renter’s insurance

Every year, residents end up with millions of dollars in uninsured losses that could be prevented. According to a poll commissioned by PEMCO Insurance based in Seattle, there is widespread misunderstanding about what is covered under a renter’s insurance policy. …

Texas agent duplicates first ever hole-in-one

When a State Farm agent from Lubbock, Texas, entered the insurance business at 27-years-old, he never dreamed that his love of golf could make him one of the more famous insurance agents nearly 25 years later. But when Danny Leake …

It Figures

86% The percent of Virginians opposed to increasing fees on car insurance to help pay for transportation improvements. The Mason-Dixon Polling & Research Inc. survey also found that 10 percent supported insurance fees and 4 percent were undecided. $4,393 The …

Beacon Mutual search

The Beacon Mutual Insurance Company board of directors has retained the executive search firm Witt/Kieffer to conduct a nationwide search for a chief executive officer for the workers’ compensation insurer. “We would like to have a new CEO engaged by …

Vermont captive industry celebrates 25th birthday in grateful state

More than 1,200 people showed up in South Burlington, Vt., early in August to celebrate the 25th anniversary of an idea cooked up in Al Moulton’s kitchen that has grown into a multi-million-dollar industry and top employer for the state. …

It Figures

160 The number of demolition permits issued in Lake Charles, La., this year, almost twice the number issued in all of 2005. Officials believe that number will go even higher as hurricane-related insurance claims are resolved. The city traditionally averages …

Oklahoma, Texas have most uninsured children

Arkansas led the nation in the reducing the number of uninsured children in that state between 1997 and 2004, but Texas and Oklahoma lagged behind the rest — ranking last and next to last, respectively, in the percentage of children …

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