The current insurance program market is mature and stable, with business estimated at $20 billion, but profitability may be declining, according to a new survey of program administrators (PA) and managing general agents (MGA). Program experts say their biggest challenge …
The MLR does not protect agent and broker compensation. In their zeal to control health care costs, federal policymakers may be pushing health insurance agents and brokers to the sidelines and potentially out of business. If this happens, they will …
USI, Kinloch New York-based insurance broker USI Holdings has acquired the New Jersey operation of Kinloch Holdings Inc. The unit, based in West Orange, New Jersey, specializes in commercial property casualty and employee benefits insurance for middle-market businesses and is …
ReSource Intermediaries Inc. has acquired San Francisco-based Reinsurance Advisory Services Inc. (RAS). Financial details of the transaction were not disclosed. RAS, a risk advisor and reinsurance intermediary focused on health care, launched in 2003 by founder Peter Robinson. Robinson will …
Motorists Insurance Co. was among those individuals and groups recognized by the Independent Insurance Agents of Indiana at the agent group’s recent annual convention. The IIAI honored Columbus, Ohio-based Motorists Insurance with its Company of the Year award. Other IIAI …
Insurance broker Willis has announced three key appointments to strengthen its Gulf South insurance brokerage operations. Robert Allen has been appointed regional partner, Willis of Alabama, Inc. He will coordinate Willis’ operations in Alabama, Mississippi and Louisiana. Allen will also …
Travelers is now offering control of well coverage on an admitted basis to upstream oil and gas clients. This coverage will be immediately available on an admitted basis in 25 states, and is expected to be available in most other …
The New York Insurance Department said it implement recommendations aimed at streamlining and improving the process for insurers to file their rates and forms with regulators. The recommendation comes from a new report by an industry working group that began …
Great American Financial Resources named Bradley A. (Brad) Wolfram president of its Austin, Texas-based Great American Supplemental Benefits (GASB) Group. He succeeds Billy Hill, who will retire at the end of 2010. Great American Financial Resources is a member of …
Qantas stepped up pressure on Thursday on engine maker Rolls-Royce to settle damages related to an engine failure on one of its giant Airbus A380 aircraft, but said it would keep the door open for an out-of-court settlement. Qantas said …
