February 21, 2010
Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and political dynamics would impact and …
February 21, 2010
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. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …
February 18, 2010
Democrats appear to be removing medical malpractice insurers from a bill to eliminate the antitrust exemption for health insurers in the McCarran-Ferguson Act. According to Politico.com, Democratic aides in the House said the final antitrust bill likely will not include …
February 17, 2010
Colorado’s state-chartered worker compensation insurer has offered the state $200 million for greater autonomy. In exchange, Pinnacol Assurance would remain the state’s workers’ compensation insurer of last resort and keep its tax-exempt status. The company assets have been valued at …
February 11, 2010
Wells Fargo Insurance Services has named Charles Delich branch manager for its office in Colorado Springs, Colo. Delich is responsible for leading the service and sales teams in Colorado Springs, including a focus on customer service and relationship development, performance …
February 10, 2010
National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”), A.M. Best Rated B+ (Good), is expanding from 25 to 35 states, with their Commercial General Liability coverage now being made available in Alabama, Connecticut, Indiana, Iowa, Kansas, Ohio, Mississippi, …
February 10, 2010
Iroquois Southwest has hired Ed Budanauro as regional manager for New Mexico, Colorado and west Texas. Budanauro has more than 25 years of management and insurance consulting experience in the areas of sales management and agency operations. Prior to joining …
February 7, 2010
$1.5 Billion Projected budget deficit Colorado lawmakers are grappling with, as they evaluate proposals to slash spending for public education, higher education, Medicaid and other programs. Among the proposals being considered by the Governor is a sale of the state’s …
February 7, 2010
Brokers Keep Watchful Eye as Tough Economy Forces Workforce, Program Changes It’s no secret that nonprofits are feeling the effects of a battered economy. Donations are down. State and federal funding is also down. In the wake of necessary cost-cutting …
February 7, 2010
Willis Group Holdings extended the contract of its chairman and CEO Joseph J. Plumeri until July 7, 2013. His previous agreement was set to expire on the date of the company’s annual meeting in April 2011. Global property/casualty insurer Chartis …