Main Street News

Young Small Businessowners Don’t Like Insurance Agents. Uh, Not Really.

Patricia Ross, Raphael Strumlauf and Kate DeNeveu each have at least one thing in common: They’re generally happy with their business insurance. Each owns a business at the downtown pedestrian mall in Charlottesville, Va. They’re all in their early ’30s …

Holmes Murphy Expands Nebraska Main Street Program to Smaller Companies

Iowa-based Holmes Murphy has expanded Main Street, its captive insurance subsidiary built to give small businesses the same buying power as big corporations, to include businesses with 10 to 50 employees. Since its inception in 2014, Main Street has helped …

Ratings Recap: First Hawaii, Cumberland, Seven Seas, Main Street

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of First of Hawaii Group and its members. The outlook for all of the ratings is stable. Best said the …

Mood on Main Street: Agents on Hardest Hit Small Businesses

Agents across the country — except in Texas and neighboring states — agree that construction and related trades have been hardest hit by the recession. Restaurants appear to be the second hardest hit. In terms of lines of insurance, the …

Mood on Main Street: How Recession Changed Insurance Buying Habits

The recession has taken its toll on contractors, restaurants, retailers, small manufacturers and other Main Street business around the country and most of the survivors are not going to soon forget the pain of the past few years. As building …