Nine states have reached a $7 million settlement with New York-based insurance broker Marsh, Inc., Marsh & McLennan Companies, Inc., resolving a four-year investigation into Marsh’s role in a nationwide bid rigging scheme. Marsh allegedly made collusive arrangements whereby brokers …
2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to hamper revenues in …
Ask agents and executives in the insurance industry about the new year and they’ll say they expect that the market will harden, at least slightly. In fact, 73 percent of agents predict prices will firm, according to a new Insurance …
Railroad operator CSX Corp. has hired New York investment banker Goldman, Sachs & Co. to help determine what to do with the money-losing luxury resort. The aim is to make the White Sulphur Springs landmark a viable business entity, Jacksonville, …
A subsidiary of Florida-based Brown & Brown Inc. has acquired the assets of Phoenix, Ariz.,-based Preferred Insurance Services LLC. Preferred Insurance Services, with annualized revenues of approximately $1.3 million, focuses on property & casualty and benefits insurance for individuals and …
A subsidiary of Florida-based Brown & Brown Inc. has acquired the assets of Thomsen Associates Insurance Services of Newport Beach, Calif. Baker, Thomsen Associates Insurance Services, with annualized revenues of approximately $1.4 million, focuses 100 percent on employee benefits for …
The nation’s longest serving insurance commissioner, former Mississippi Insurance Commissioner George Dale, will share his unique post-Katrina insights on the regulatory challenges in the aftermath of large-scale disasters to a Texas-based audience next month at the Independent Insurance Agents of …
William (Bill) Murphy has joined San Diego, Calif.-based Barney & Barney as the newest principal. Murphy will serve as director of sales for the Employee Benefits Department. Formerly a senior market manager at Unum, Murphy comes to Barney & Barney …
Agents Wish for Firmer Pricing, Higher Commissions, Solid Client Retention, Unity on Legislation Ask agents and executives in the insurance industry about the coming year and they’ll say they expect that the market will harden, at least slightly. In fact, …
“You always find out who’s been swimming naked when the tide goes out. We found out that Wall Street has been kind of a nudist beach.” —Warren Buffett on the credit crisis “As a strong supporter of free enterprise, I …
