Standard & Poor’s Ratings Services has assigned its ‘BBB+’ senior debt rating on W.R. Berkley Corp.’s proposed issue of approximately $300 million senior unsecured notes, which are due in 2019. WRB will use the net proceeds of the issue to …
The Young Agents Committee of the Independent Insurance Agents of North Carolina (IIANC) recently named its Agent of the Year, Broker of the Year and Company of the Year for 2009. Eric Stevens, of Moore and Johnson Agency in Raleigh, …
Charlotte, North Carolina-based national wholesale insurance broker AmWINS Group, Inc. has acquired The Managing Agency Group- Employee Benefits, a division of insurance broker Willis HRH. MAG-EB is a wholesale broker of employee benefit plans for small and mid-sized employer groups …
Rick Whitten has been promoted to vice president of the Client Services Division with Brentwood Services Administrators in Brentwood, Tennessee. Whitten has been assistant vice president of Loss Control Services, based in Charlotte, N.C., and will continue to oversee that …
The bad news for Peter Kaplan is even worse than first reported. The North Carolina diamond broker, whose $1.5 million inventory was stolen in New Mexico last week, didn’t have insurance. “My business is finished. I have no capital to …
Nielsen Teaches Employers How to ‘Close the Window’ On Rising Comp Costs The best way insurance agents can teach employers about workers’ compensation is to get to know their business. Idaho insurance agent Doug Nielsen vividly remembers the moment he …
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. Waste Operations Program Market Detail: Five Star Specialty Programs’ waste operations program offers a comprehensive …
Flat Economy, Persistent Soft Markets Have Forced Leaner Business Models, More Automation A poor economy, natural catastrophes and an extended soft market have all combined to nip growth in the excess and surplus lines (E&S) insurance market over the last …
Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …
Coastal Caution “This is not a simple issue. It’s an issue that you’ve got to address with great caution.” —Mississippi Insurance Commissioner Mike Chaney telling an Alabama House of Representatives committee that the keys to holding down insurance premiums on …
