Stock Prices: Stock prices have varied year-to-date among brokers. Brown & Brown Inc.’s (NYSE:BRO) stock was down 4.4 percent through Nov. 30, 2006, while Hub International Ltd.’s (NYSE:HBG) stock was up 19.2 percent for the same time period. Holding the …
E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically for property/casualty agents licensed less than three years. The newly licensed agents program provides a liability …
2. Changing Reinsurance Rules In March, Lloyd’s Chairman Lord Peter Levene finally got the attention of U.S. regulators. At a meeting in Florida, the National Association of Insurance Commissioners agreed to set up a task force, chaired by Massachusetts Commissioner …
From Maine to Virginia, agents and adjusters helped property owners dig out from damaging floods. High waters seemed to hit a new state every week. Meanwhile, these same agents had to worry about whether their income was at stake due …
National Atlantic, Commerce Group National Atlantic Holdings Corp. confirmed that preliminary discussions with The Commerce Group Inc. of Webster, Mass., regarding a potential business combination or other strategic transaction have been terminated by mutual agreement of the parties. National Atlantic …
Mass. closes in on long-awaited transition to auto assigned risk plan Massachusetts Insurance Commissioner Julianne M. Bowler has ordered the implementation of an assigned risk plan for the state’s private passenger auto insurance market. The assigned risk plan will replace …
1. Unsettling Deals on Agent Compensation Agents battle to save contingent pay. 2.Flood Realities Water, water everywhere but not always coverage. 3. Political Climate Change Midterm elections promise new faces and fresh starts. 4. Don’t Go Near the Water Insurers …
As expected, auto insurance rates in Massachusetts will be going down again in 2007, this time by as much as 11.7 percent on average statewide. The new rate takes effect April 1, 2007, and translates to an average decrease of …
8% The drop in premiums sought by the largest medical malpractice insurer in Maryland for next year in what would be its first rate reduction since at least 1992. The potential rate cut by Medical Mutual Liability Insurance Society of …
Northeast wholesale broker Jimcor Agencies has acquired Federico & Associates, a regional wholesaler based out of Lansdowne, Pa. Terms of the agreement have not been disclosed. Headquartered in Montvale, N.J., Jimcor Agencies has seven offices located throughout New York, New …
