At Orange Beach in Alabama, what’s typically a beautiful, quiet stretch of beach in the fall now resembles a construction site. Bulldozers and yellow dump trucks shake the ground; a giant sifting machine spits clean sand out one end, tar …
Arthur J. Gallagher & Co. has acquired Behnke & Co. Inc., a retail insurance broker headquartered in Decatur, Ill. Terms of the transaction were not disclosed. Established in 1983, Behnke & Co. provides commercial property/casualty, employee benefits and risk management …
Aspen Insurance now offers inland marine and ocean marine cargo insurance products in the U.S. Aspen will utilize both broker and agency distribution and will consider specialized managing general agents for select lines of business. Rich Soja, executive vice president …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced that it has completed insurance payments to the Governments of Barbados, Saint Lucia and St. Vincent & the Grenadines following the passage of Tropical Cyclone Tomas which passed close to these islands …
Accidents in grain silos, storage bins and other facilities killed and injured a record number of workers through October this year, a study by Purdue University showed. The October study showed 46 deaths and injuries so far in 2010, exceeding …
DeRidder, La.-based Amerisafe Inc., a specialty writer of hazardous workers’ compensation insurance, announced it plans to acquire the workers’ compensation business of Cooperative Mutual Insurance Co. Effective Jan. 1, 2011, all workers’ compensation policies written by Cooperative Mutual will be …
Private industry workplaces in Texas reported a total of 213,507 nonfatal injuries and illnesses during 2009. The incidence rate of 2.9 cases per 100 equivalent full-time employees is 6 percent lower than in 2008, when the incidence rate was 3.1 …
How Insurance Companies Can Live to Be 100 and Beyond Companies that seek longevity in the insurance industry should not focus solely on increasing profits. That’s the assessment of Robert P. Hartwig, president and economist for the Insurance Information Institute. …
According to III’s Hartwig, businesses that have stood the test of time tend to: Be highly focused and remain true to their core business. They avoid businesses they don’t understand. Embrace some concept of mutuality. For example, some of the …
While the recession drove California’s average annual employment down 3.7 percent in 2009, the number of work injuries and illnesses reported by California employers showed an even sharper decline, falling 9.2 percent according to the latest figures from the state. …
