Insurance distribution is changing and agents and brokers—retailers and wholesalers—have to define the value they offer and what type of relationships they will have with carriers and customers in the years ahead, according to a leading wholesaler. “[O]ver the last …
The Iroquois Group has expanded its presence in the Midwest to include Iowa and Nebraska. The insurance agency network has added seven agencies in those states and is expecting rapid growth in membership. The group now has more than 350 …
Insurance Company of the West (ICW) and WKFC Underwriting Managers have announced a continued expansion of the relationship between the firms for commercial earthquake insurance. The partnership between ICW Group and WKFC focuses on the smaller, transactional earthquake accounts. Beginning …
U.S. insurance wholesaler AmWINS Group, Inc. has completed its previously announced acquisition of THB Group plc of London. THB, an independent insurance and reinsurance broker and risk management business, serves clients and markets in the U.K. and internationally via its …
The Amish in Kentucky would not have to display reflective safety triangles on their horse-drawn buggies if a proposal by a state legislator becomes law. Rep. Johnny Bell, a Glasgow Democrat, has sponsored a bill to allow the buggies to …
Studying the potential health hazards of nanotechnology will require an additional $24 million a year to close the knowledge gap about the tiny particles used in a fast-growing array of consumer products, the National Research Council said on Wednesday. A …
Addison, Texas-based Mullis Newby Hurst L.P. (MNH), which specializes in construction insurance and surety bonds, hired Scott Stagner as vice president in charge of development of insurance and surety accounts. Stagner previously was with Allied North America Insurance Brokerage of …
Oklahoma’s top insurance regulator says the department spent nearly $675,000 less in 2011 than it did in 2010. For the 12 months ending Dec. 31, 2011, the insurance department spent $11,160,855.28 compared to $11,833,228.01 in 2010, a total savings of …
Missouri insurance regulators say they returned a record amount in claims recoveries to consumers in 2011. An additional $21 million was recovered from insurance companies by the Missouri Department of Insurance on behalf of consumers; the previous record was $14.6 …
“Listen to me now, understand me later.” State Sen. Juan Vargas, D-San Diego, gave a well-received Arnold Schwarzenegger impression, chest heaving and heavy on the former California governor’s thick Austrian accent. Vargas, a former president of external affairs for Safeco …
