News

Lloyd’s Welcomes Passage of Dodd-Frank Financial Reform Act

In a brief statement Lloyd’s of London officially welcomed the successful passage of the Dodd-Frank Act through the US Senate. Sean McGovern, Lloyd’s Director and General Counsel, stated: “We welcome the passage of the Dodd-Frank Act and look forward to …

Insurance Regulator Oxendine Leads in Republican Race for Governor

Georgia Insurance Commissioner John Oxendine is the apparent leader in the race for the Republican nomination for governor in a just-released poll. The latest poll shows Oxendine with 31 percent of the vote to 23 percent for former Secretary of …

Explosion at Pennsylvania Coke Plant Under Investigation

Investigators were looking for clues Thursday into what caused an oven at a U.S. Steel plant near Pittsburgh to explode, injuring 20 workers and starting a fire that burned for hours. The powerful blast in the coke oven at Clairton …

Willis Appoints Harris Sr. VP

Willis, the global insurance broker, has named Mark Harris senior vice president in the company’s Risk Specialties Practice in Chicago. He will be responsible for business development with a focus on Fortune 1000, middle market, law firms and other professional …

Rhode Island Court Allows Cliff Walk Case To Go On

Rhode Island’s Supreme Court has ruled that a man who became a quadriplegic when he fell from Newport’s Cliff Walk while on his honeymoon can move forward with his lawsuit. The city of Newport wanted to re-argue the case, but …

Ward Group Names Top 50 Performing P/C Insurers

The Ward Group has named the top 50 property/casualty insurers, based on its evaluation of more than 3,000 companies domiciled in the United States. Companies named to the list had surplus and premiums of at least $50 million for each …

How to Make Agent-Wholesale Relationships Work

It’s no secret. Insurance is a relationship business. And the agent-wholesale broker relationship is no exception. The continued soft market hasn’t stifled relationships either. Wholesale brokers are still a much needed asset to retail agents even though the need to …

Donegal Group to Acquire Michigan Insurance Co.

Donegal Group Inc. has announced the execution of an agreement pursuant to which it will acquire all of the outstanding stock of Michigan Insurance Co., a majority-owned stock subsidiary of West Bend Mutual Insurance Co. Michigan Insurance Co., headquartered in …

Gale Force Winds Needed to Re-Inflate Insurance Share Prices

Nobody wishes for a natural disaster, but there’s nothing like a big U.S. hurricane to revitalize shares in property and casualty insurers, currently weighed down by persistently weak insurance prices. Nine analysts polled by Reuters on average said the U.S. …

EPIC Adds Senior VPs in Los Angeles, San Francisco

EPIC (Edgewood Partners Insurance Center), a retail property/casualty and employee benefits insurance brokerage, has added Jim Gillette as a principal and senior vice president in its Los Angeles office, as well as added Diane Browne as a property/casualty insurance producer …

News Archives by Month