“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 …
Report: Number of Agencies Unchanged Since 2006 A new study by an industry trade group has found that the decade-long contraction in the number of insurance agencies has ceased during the past two years — a move industry insiders say …
Retail insurance agents and wholesale brokers are working on a plan to streamline how they do business together including improving electronic applications, electronic interfaces between the parties, and general agent Web site functionality. The Independent Agents & Brokers of America’s …
Brown & Brown Inc. announced the asset acquisition of Charter Insurance Services, Inc. in Albuquerque, New Mexico. Charter Insurance Services, Inc., with annualized revenues of approximately $1.1 million, focuses on property and casualty insurance for individuals and businesses. Helen Wertheim, …
Willis Limited, the UK arm of Willis Group Holdings, announced that it will “work with the UK-based Non-Executive Directors Association (NEDA) to develop products and services aimed at mitigating liability exposure for its members. “NEDA was established in 2007 to …
Houston-based HCC Insurance Holdings Inc.has acquired Arrowhead Public Risk, a division of Arrowhead General Insurance Agency Inc., and also acquired the Criminal Justice division of U.S. Risk Insurance Brokers. The acquisitions are designed to expand HCC’s public entity sector presence …
The number of independent agencies has stabilized — that’s one of the key findings of the 2008 Agency Universe Study. Future One, a collaboration of the Independent Insurance Agents & Brokers of America (the Big “I”) and independent agency companies, …
Dale Longfellow of Hobson Insurance has announced his retirement, to take effect at the end of the year. Longfellow has been in the insurance industry for more than 40 years. He developed Hobson Insurance based in Hobson, Mont., into a …
Foreign companies in India are reassessing their security to cope with changing threats after the three-day rampage and siege by Islamist militants in Mumbai last week, risk consultants said on Friday. Foreigners appear to have been a target for 10 …
Park Ridge, Ill.-based Machon & Machon, Inc. recently announced it has joined the ISU Insurance Services network. “To capitalize on the strengths and resources of ISU’s coast-to-coast network, we have enhanced our agency name to incorporate the ISU Insurance Services …
