It’s no secret. Insurance is a relationship business. And the agent-wholesale broker relationship is no exception. The continued soft market hasn’t stifled relationships either. Wholesale brokers are still a much needed asset to retail agents even though the need to …
Pittsburgh-based Allied Insurance Brokers has rebranded its wholesale brokerage division as Ascinsure Specialty Risk, which will specialize on insurance solutions for crane owners and operators, rental equipment and party goods dealers, scaffolding and inland marine markets. “Our broker department has …
Surplus lines taxes in New Hampshire have gone up 50 percent, as a law change earlier this year went into effect this month. The tax rate now stands at 3 percent of premiums, up from 2 percent. Originally, lawmakers had …
The Independent Insurance Agents and Brokers of Idaho is reminding insurance brokers of new requirements for surplus lines contracts that took effect July 1. H 462 amends existing law relating to unauthorized insurers and surplus lines to revise requirements relating …
New York Superintendent of Insurance James J. Wrynn said his agency will hold a public hearing on August 20 to explore the possibility of increasing insurance capacity in New York by easing access to unauthorized insurers. The New York State …
MarketScout Wholesale (MSW) has expanded operations opening a new location in Tampa, Florida. Greg Lyons joined MSW to lead Florida operations as a senior broker. Prior to joining MSW, Lyons was a property broker with Appalachian Underwriters and CRC Insurance …
Officials from Washington, D.C.’s Metro service say families of the nine people who died in last year’s crash are eligible for a $50,000 insurance benefit. Metro said that Chartis, its excess liability insurance carrier, indicated that coverage is applicable in …
Six U.S. insurance companies and Lloyd’s of London are suing for reimbursement of millions of dollars for equipment abandoned inside a Utah mine that collapsed in 2007, killing six miners and three rescuers. The suit was filed in Utah’s 3rd …
After years of doing business exclusively though wholesale brokers, United States Liability Insurance Group (USLI) is expanding its distribution to work directly with retail insurance agencies. “We are expanding our distribution to include retailers on a selected basis,” Chairman, CEO …
Christopher Branch, Head of Broker Relations at Beazley, speaking at the second day of BrokersLink’s second annual global conference in Portugal on Friday, urged underwriters to increase the utilization of the specialist skills and local knowledge provided by broker networks …
