Michigan News

Burns & Wilcox Assumes Business Written Through Cambridge General

Farmington Hills, Mich.-based Burns & Wilcox, a managing general agent/insurance wholesaler, has completed a transaction with Cambridge General Agency and has assumed its book of insurance business. In addition, Burns & Wilcox hired a number of Cambridge’s employees. “This transaction …

Michigan Hopes to Recover Tanker Blast Costs from Insurers

The state of Michigan says it spent about $170,000 to repair a busy stretch of Interstate 75, which reopened less than five days after a fiery tanker crash caused an overpass to melt and collapse. The Michigan Department of Transportation …

Louisiana Unemployment Rate Rises; Jobs Increase in Some Sectors

Louisiana was among the 38 states that recorded higher unemployment rates in June, but the state has experienced job growth during the past year in certain industry sectors. The Louisiana rate of 6.8 percent remains significantly lower than the national …

Business Moves

NAPCO Wholesale commercial insurance brokerage NAPCO has relocated its corporate headquarters to an 11,000-square foot office inside the Woodbridge Hotel and Conference Center complex in Iselin, New Jersey. NAPCO says the move was prompted by steady growth in the catastrophic …

People

Illinois Governor Pat Quinn named Michael McRaith director of the newly created Department of Insurance (DOI), which separated from the Illinois Department of Financial and Professional Regulation (IDFPR) on June 1, 2009. Quinn also asked Brent Adams to serve as …

Business Moves

Farmers Farmers Insurance Group of Companies will build two new buildings and add an estimated 1,600 new jobs at its location in Caledonia, Mich. The company said the development is attributable in part to an attractive incentives package offered by …

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. Nursing Homes/Assisted Living Facilities Market Detail: U.S. Risk Brokers Inc.‘s Houston office offers an exclusive …

How Independent Agents View Super-Regional Carriers

Survey Says Carrier Size Matters But So Does Price, Underwriting and Service When it comes to selecting a carrier partner, size matters. But when it comes to ending a carrier relationship, price, underwriting flexibility and service matter the most. That’s …

Survey: Carrier Size Matters But So Do Price, Underwriting and Service

When it comes to selecting a carrier partner, size matters. But when it comes to ending a carrier relationship, price, underwriting flexibility and service matter the most. That’s according to the survey — “How Independent Agents View Carriers: The Super-Regionals” …

Foremost Insurance Expands Dwelling Fire Program in Nevada

Grand Rapids, Mich.-based Foremost Insurance Group has expanded its Dwelling Fire program in Nevada. New Dwelling Fire policies and endorsements re designed for the needs of landlord and owner-occupied or vacant properties. The company has enhanced its program to include …