California State Compensation Insurance Fund, the state’s largest provider of workers’ compensation insurance, announced it is consolidating its business operations, a move it expects will save nearly $200 million in operating costs. Beginning in September 2011, State Fund will significantly …
Insurance broker Brown & Brown has acquired the assets of Ladd’s Agency, an Upstate New York-based insurance agency owned by Alliance Financial Corp. Ladd’s, with annual revenue of roughly $1.4 million, has been providing insurance products and services in the …
More than 800 insurance professionals from the tri-state area and two All-Star athletes channeled their competitive energies last night to raise $1.1 million for charities. The New York division of the Insurance Industry Charitable Foundation (IICF), which works to combine …
The Chubb Group of Insurance Companies announced that it has added the Czech Republic, Hungary and Portugal to its WORLDcert program, a proprietary online system that instantly generates certificates of insurance in 152 countries. The system enables life sciences companies …
Dallas-based MarketScout Wholesale (MSW) has added Shawn Chummar as a broker in its Pacific Northwest location based out of Portland, Ore. Previously, Chummar worked for more than 12 years at a regional wholesale insurance broker. Although he will be handling …
The total number of independent agencies in the country remains stable at around 37,500 as start-ups have kept pace with agency mergers and closings, according to a new study of agencies. There are today as many agencies as there were …
Pleasanton, Calif.-based E-Comp has released a wholesale broker program called E-Comp that allows brokers to compete in the pay-as-you-go marketplace with a workers’ compensation insurance program. Workers’ compensation integrated with payroll has gained popularity across the country, according to the …
One provision under new surplus lines insurance reform legislation was made easier to implement now that a national online producer database has expanded to meet the licensing needs of surplus lines brokers. The National Insurance Producer Registry (NIPR) will now …
To best help clients navigate the changing benefits landscape and a post-health care reform world, retail insurance broker IMA Inc. has created a benefits practice, IMA Benefits. IMA Benefits will be the new home of the benefits practice groups in …
California Insurance Commissioner Steve Poizner has issued a report card highlighting the progress of the Department of Insurance during the past four years, including his successful efforts to maintain solvency and stability in the insurance market amidst the biggest financial …
