Alabama News

Other Agency/Brokerage Transactions in 2008

Transactions involving agencies and brokerages other than the Brown & Brown, Arthur J. Gallagher and Hub International (see below) deals in the months announced or completed: January California: R.E. Chaix & Associates Buys Katie Freeman Insurance Services Georgia’s Britt/Paulk Insurance …

The Busiest Agency Buyers in 2008

Brown & Brown December: Stewart & Tunno Insurance Agency Inc., Portland, Ore. November: Small Business Unit of Conner Strong, Cherry Hill, N.J.; Agency Associates Inc., Zionsville; Health Insurance Exchange, Seattle, Wash. October: Al Phillips Insurance Agency, Nashville, Tenn. August: Advanced …

My New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Baby Products MarketScout: www.marketscout.com gives agents access to a products liability market for baby products. …

CRC Insurance to Acquire North Carolina-Based TAPCO Underwriters

CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp. principal subsidiary Branch Banking and Trust Co., reports that it plans to acquire TAPCO Underwriters Inc. TAPCO will operate as a division of CRC managing general agency, Southern Cross …

Alabama Small Businesses Providing Health Insurance Get Tax Break

A tax break that takes effect for many Alabama small businesses on Jan. 1 is being implemented by state tax officials to cover as many companies as possible. State Revenue Commissioner Tim Russell said his department is interpreting the new …

Alabama Highway Deaths Decline

Officials say highway deaths in Alabama have significantly dropped this year thanks to stricter law enforcement and higher fuel costs that reduced traffic. The number of fatalities dropped 18 percent this year with 600 deaths on Alabama highways as of …

‘Judicial Hellhole’ Report Pushes Need for Balanced Civil Justice System

The American Tort Reform Foundation’s (ATRF) annual Judicial Hellholes report, released on Dec. 16, sheds a spotlight on some of the worst judicial environments in the country and highlights the importance of fighting for a balanced civil justice system in …

Medical Liability Insurer Proassurance Buys Houston’s Mid-Continent Agency

Birmingham ,Ala.-based ProAssurance Corp. said it will acquire Mid-Continent General Agency for an undisclosed price. Mid-Continent is a managing general agent, based in Houston, producing about $25 million a year in premiums from ancillary healthcare providers and other professional liability …

Construction Worker’s Widow Sues Over Louisiana Bridge Accident

The widow of a construction foreman who died in October after he and nine other workers fell from the bridge they were building filed a lawsuit against the state of Louisiana and two companies involved in the project. The wrongful-death …

New York’s Seward to Head Insurance Legislators Group