Why the Time is Right for Agency Networks They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator groups have been around the insurance industry for more than three decades but …
Insurance broker Marsh has added five industry veterans – four from competing broker Aon – to its private equity and mergers and acquisitions practice. James O’Brien, Jason Hawkins and Craig Warnke join Marsh as managing directors, and Jim Beatty and …
A lawyer representing 10,000 ground zero workers suing New York City over their exposure to World Trade Center dust said earlier this month that 75 percent have signed a settlement resolving their claims and most of the rest have indicated …
Pricing Worries Persist “There are clear concerns surrounding pricing in this soft P/C insurance market. And, there appear to be indications that this market will persist over the nearer-term.” —Scott Marcello, of KPMG, which recently released a survey showing that …
American International Group Inc is set to close the institutional book for the $15 billion AIA Group IPO two days ahead of plan, amid signs the IPO has been swamped by orders from traditional funds and high-profile Chinese investors. A …
A key trade group for insurance agents in New York is lauding a proposal by regulators to reform the coastal homeowners insurance market in the state. The Independent Insurance Agents & Brokers of New York (IIABNY) called the proposed reforms …
Sean McGovern now heads Lloyd’s operations in the U.S. and Canada – the first and third largest sources of business for its underwriters. Lloyd’s not only wants to hold on to that business, but also to increase it. “We’re in …
Brown & Brown, Martin Benefits Insurance broker Brown & Brown Inc. has acquired New York-based Martin Benefits Consulting and Martin Human Resources. Terms of the deal were not disclosed. The businesses – which have combined annual revenues of approximately $3 …
A trade group for agents in several Northeast states are urging Massachusetts regulators to shelf new paperwork requirements for out-of-state businesses’ workers’ comp coverage. Massachusetts Division of Insurance (DIA) recently announced new rules requiring out-of-state businesses to submit additional paperwork …
The owner of an upstate New York fish hatchery has been sentenced to 60 days in jail for worker’s comp fraud, the New York State Insurance Department said. Edward Panus, was also ordered to repay $4,500 in benefits to the …
