New Jersey News

Markel Promotes Latham and Girard

Markel Corp. announced that it has promoted John Latham to president, wholesale division, and Steve Girard has been promoted to executive vice president, southeast regional operations. Latham will continue to oversee Markel’s regional offices located in Virginia, Texas, Arizona, California, …

New Jersey Court: Construction Worker Can Sue Employer

New Jersey workers’ compensation laws do not prevent a construction worker injured in a trench collapse from suing his employer, a state Appeals Court has ruled. The lawsuit — which was originally dismissed by a lower, Superior Court — stems …

K&K Insurance Adds New Regional Sales Staff Across U.S.

Indiana-based K&K Insurance has added a regional sales force to develop new agent relationships while supporting existing K&K relationships with more than 6,000 agents and brokers across the United States. The new sales representatives include: James Algeo serves the Northeast …

M&A Wrap Up: Year-over-Year, M&A Activity Sustains a Moderate Pace

Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last. Forty-six transactions were announced from April through June compared to 43 transactions …

Judges Reopen Portions of Bid-Rigging Civil Suit

A decision by a federal court in Philadelphia has reopened some of the racketeering and antitrust lawsuits that were dismissed three years ago against insurers and brokers who allegedly participated in a bid-rigging scheme with mega-broker Marsh. The lawsuit is …

New Jersey Fire Department Settles Discrimination Case for $15K

A New Jersey fire department has paid a former volunteer $15,000 to settle her gender discrimination case. As part of the settlement with Merrissa Garretson, members of the Clementon Fire and Rescue company will also undergo training aimed at preventing …

Oklahoma Implements Web-Based System to Help Regulate Insurance

The Oklahoma Department of Insurance announced it is expanding its use of the Web-based State Based Systems (SBS) to improve back-office processing of insurance regulation. SBS is a solid, web-based solution that supports all aspects of insurance regulation via a …

Business Moves

Arthur J. Gallagher, Specialised Broking Chicago-based global insurance brokerage firm Arthur J. Gallagher & Co. has acquired the remaining 60 percent equity interest in Specialised Broking Associates Pty. Ltd, (SBA) headquartered in Perth, Western Australia. Terms of the transaction were …

M&A Wrap Up: Year-over-Year, M&A Activity Sustains a Moderate Pace

Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last. Forty-six transactions were announced from April through June compared to 43 transactions …

How To Use Compensation to Boost Sales

Al Diamond is one of the country’s best known agency management consultants. His firm, the Agency Consulting Group, is based in Cherry Hill, N.J. He deals with agencies across the country on issues ranging from operations to mergers to sales …