Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page– don’t cheat!) were developed based on news stories published by InsuranceJournal.com in 2010. Good luck! 1. …
InVEST, the insurance industry program that brings insurance education to classrooms, has appointed Peter Miller and Loren P. Shoemaker to its national board. Miller is president and CEO of The Institutes and Shoemaker is senior vice president and chief operating …
California’s Office of Administrative Law (OAL) has approved regulations designed to combat underinsurance and may require insurance agents and brokers to complete additional training. The regulations will take effect June 27, 2011. The Standards and Training for Estimating Replacement Value …
Lloyd’s year-end review shows that, like the rest of the industry it faced a number of challenges in a difficult year. Low interest rates diminished investment returns for insurers, while the soft market provided little scope for premium increases. “Plenty …
Pennsylvania-based wholesaler USG Insurance Services has named Jason Holloman as property broker specializing in large commercial and CAT-exposed risks. Holloman most recently served as a wholesale property broker with Swett & Crawford. He has also held positions with Arch and …
Boston-based insurer Liberty Mutual will pay a combined $7.5 million to New York and Connecticut to settle allegations that it steered insurance contracts by paying kickbacks large insurance brokers. In settling the suits, New York will receive $5.5 million and …
It has been a challenging few years for those in the excess and surplus (E&S) lines insurance market. An endless soft market, extreme competition from the standard markets, and a bad economy left wholesale and retail agents scrambling to retain …
As California’s third elected insurance commissioner, Steve Poizner has had a wealth of accomplishments. Among other things, he: reduced the Department of Insurance’s operating budget by 13 percent, which allowed him to reduce fees for agents, brokers and insurers and …
Wood Gutmann & Bogart Insurance Brokers headquartered in Tustin, Calif., has announced the formation of Silicon Valley Risk and Insurance Services. David Wright, a 25-year veteran in the insurance industry and former vice president/shareholder of InterWest Insurance, will be the …
Houston International Insurance Group (HIIG) has sold its wholesale insurance broker subsidiary, Southwest Risk LP (SWR), to New York-based, private equity firm GCP Capital Partners LLC (GCP). The terms were not disclosed. HIIG will retain an equity interest in the …
