December 21, 2008
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. Baby Products MarketScout: www.marketscout.com gives agents access to a products liability market for baby products. …
December 21, 2008
West California Passed Agent-Broker Law The most notable bill affecting California agents was AB 2956, which clarifies the duties of an insurance agent versus a broker. Prior to the new law, confusion existed within the industry, with consumers, brokers, agents, …
December 21, 2008
Transactions involving agencies and brokerages other than the Brown & Brown, Arthur J. Gallagher and Hub International (see below) deals in the months announced or completed: January California: R.E. Chaix & Associates Buys Katie Freeman Insurance Services Georgia’s Britt/Paulk Insurance …
December 21, 2008
A lot happened in the world of insurance agency/brokerage mergers and acquisitions in 2008. Willis made the biggest slash with its $2.1 billion acquisition of Hilb Rogal & Hobbs Co. (HRH), one of the world’s largest insurance brokers and risk …
December 19, 2008
BB&T Insurance Services, the nation’s sixth largest insurance broker, reports it plans to acquire J. Rolfe Davis Insurance of Maitland, Fla. Founded in 1942 by former Orlando mayor J. Rolfe Davis, the privately-held broker is ranked among the nation’s top …
December 19, 2008
CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp. principal subsidiary Branch Banking and Trust Co., reports that it plans to acquire TAPCO Underwriters Inc. TAPCO will operate as a division of CRC managing general agency, Southern Cross …
December 18, 2008
North Carolina Insurance Commissioner Jim Long today signed a settlement agreement with homeowners insurance companies allowing an overall statewide average increase of 4.05 percent in rates beginning May 1. This is below the statewide increase than the 19.5 percent increase …
December 12, 2008
Cars change. Roads change. So do drivers. Dick Conover of Emerald Isle spent more than 20 years helping drivers 55 and older recognize and adjust to these changes. He retired in early December as an instructor of AARP’s Driver Safety …
December 11, 2008
Progress made to better protect the country from disease outbreaks, natural disasters, and bioterrorism is now at risk, due to budget cuts and the economic crisis, according to a new report. The report concludes that major gaps remain in many …
December 11, 2008
The latest report by a health research group shows South Carolina is better prepared for a massive disaster than it was a year ago. The sixth annual “Ready or Not?” report by the Trust for America’s Health says South Carolina …