The following article was published in Insurance Journal magazine on Dec. 6, 2004 Many owners have at one time or another thought about selling their insurance agency or brokerage. Many were tempted but never quite took the plunge. Those who …
Denise Hargrove of Raleigh, N.C. has been sentenced to from four to five-and-a-half years in prison and one year of probation for insurance fraud. Hargrove, a former Department of Transportation employee, admitted she faked blindness to defraud insurance companies of …
Charlotte, N.C.-based American Wholesale Insurance Group (AmWINS), a large independent wholesaler, has acquired the southeast office of Quaker Special Risk. AmWINS provides retail agents with insurance services, from property and casualty to group life and health. It sold policies with …
Agency Peak Performance EXchange (APPEX) has announced the addition of five (5) new members. Allegheny Insurance Services Inc. (AIS), The Commonwealth of the Carolinas, Joe Max Green/Insurance Concepts, Lighthouse Insurance Group, Inc. and Nulty Insurance have joined APPEX, a subsidiary …
The PLUS 17th Annual International Conference held in San Diego, Calif., Nov. 3-5, opened with an insightful panel discussion of well-known “outside the industry” professionals who routinely play the game of professional liability insurance. The panel, titled “Outside Perspectives on …
Nuts & Bolts: BVSA Marine Insurance is now offering coverage for recreational watercrafts up to 32 feet. Dollars: Liability limits of up to $500,000 are available. Deductibles range from 1 to 3 percent with no minimum premiums. Carrier: American Reliable …
Six residents in Peeks Creek, N.C., where four people died in what is suspected to be a Hurricane Ivan-triggered landslide, have hired lawyers to represent them after being denied insurance claims. Fifteen houses were damaged or destroyed in Peeks Creek …
Bradley Darr Atlanta-based Beecher Carlson Holdings, Inc.has announced the appointments of Bradley Darr as senior vice president and Jeffrey Smith as a managing director responsible for large account sales and recruitment of talent. Jeffrey Smith Darr has 25 years of …
Nonprofits’ Insurance Alliance of California (NIAC), a nonprofit, charitable risk pool specializing in 501(c)(3) nonprofit organizations, recently celebrated its 15th anniversary. NIAC, based in Santa Cruz, Calif., offers liability insurance to nonprofit entities of all sizes and estimates that it …
Many owners have at one time or another thought about selling their insurance agency or brokerage. Many were tempted but never quite took the plunge. Those who didn’t sell most likely were making too much money at the time or …
